PYMNTS

SEPTEMBER 29, 2020

An EY whistleblower has alleged the global accounting firm was warned as far back as 2016 that senior managers at Wirecard may have committed fraud and one had tried to bribe an auditor, the Financial Times (FT) reported. Wirecard paid the Emerging Market Investment Fund 1A 340 million euros ($399 million).

Auditing 75

Auditing Accounting Firms Accounting Sales 75

PYMNTS

JULY 7, 2020

Jaffe said sale processes are underway for other international holdings as well as Wirecard’s core business, the news service reported. The administrator said most of the firm’s customers were “being constructive” and interested in a speedy sale process. billion never made it into two Philippines banks.

Construction 76

Construction Accounting Firms Banking Sales 76

PYMNTS

JULY 21, 2020

Wirecard AG, the German payments company fighting for survival, has hired a forensic team to investigate the accounting scandal that led to its insolvency, sources told Reuters. The news service reported that sources said a dozen Wirecard subsidiaries in Singapore, Indonesia, South Africa and Turkey are for sale.

Accounting Firms 56

Accounting Firms Sales Accounting Banking 56

Bramasol

OCTOBER 31, 2023

Here again, working with experienced QTC and RevRec specialists who understand both the business/accounting issues and the technical capabilities can help companies chart a forward path that delivers in both the near term and over the long run.

SAP 66

SAP IFRS Compliance Construction 66

CFO Talks

OCTOBER 10, 2022

CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. and join our community of accounting and finance executives. Go to www.cfoclub.co.za I only came to South Africa in 2009.

CFO 52

CFO Transportation Education Accounting 52

Regent Assay

OCTOBER 27, 2022

BTCSoftware is a multi-award-winning tax software solution which helps accountants to streamline and simplify tax and compliance work. They developed feature-rich and cost-effective software products that make life easier and more rewarding for accounting professionals. BTCSoftware was founded in 1999 by Rob Ellis and Ian Katté.

Practice Management 52

Practice Management Compliance Accounting Accounting Firms 52

PYMNTS

JULY 2, 2020

billion accounting scandal at the center of Wirecard AG’s insolvency was a “massive criminal act,” Reuters reported. “It billion went missing from two accounts in the Philippines. But EY, Hufeld and regulators are facing scrutiny over how the once high-flying company managed to escape the industry’s standard accounting rules.

Accounting Firms 56

Accounting Firms Finance Accounting Financial Reporting 56

PYMNTS

SEPTEMBER 15, 2020

EY’s global chairman and CEO has expressed regret over the accounting firm’s failure to uncover fraud sooner at Wirecard AG , the bankrupt German payment company. The sale comes a few days after Newcastle, England-based Railsbank signed a deal to buy Wirecard Card Solutions in the U.K. million Australian dollars ($5.7

Auditing 72

Auditing Accounting Firms eCommerce Securities 72

BlueLight

MAY 1, 2020

The CEO outsources accounting to a third-party accounting firm and may conduct simple FP&A. The Controller is responsible for accounting and financial reporting. Key responsibilities of FP&A FP&A is the financial liaison of the company, connecting the CEO, CFO, Sales, Engineering, and Operations divisions.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) CFO Strategic Planning Startups 52

PYMNTS

DECEMBER 9, 2020

What about the strain on IT and accounting? The company went on to note that “in recent periods, we have experienced rapid growth, and this growth has placed considerable strain on our IT and accounting systems, processes and personnel. That means there could be misstatements of financial position that may need to be corrected.

Valuation 76

Valuation Auditing Accounting Firms Financial Reporting 76

Bramasol

OCTOBER 31, 2023

Here again, working with experienced QTC and RevRec specialists who understand both the business/accounting issues and the technical capabilities can help companies chart a forward path that delivers in both the near term and over the long run.

SAP 52

SAP IFRS Compliance Construction 52

Michigan CFO

NOVEMBER 26, 2021

This doesn’t mean that your CFO handles accounting and tax preparation personally, but they do manage relationships with the people responsible for those things. Or maybe you just rely on your bank account balance to do the math for you. While a CFO isn’t an accountant, they can help set you up with a bookkeeping solution.

CFO 52

CFO Budgeting Math Finance 52

PYMNTS

SEPTEMBER 27, 2020

B2B FinTech investments have been going strong in 2020 thus far, with eCommerce-as-a-Service firm Mirakl securing a $300 million investment, payments firm Zoop securing a $10.85 million round and mobile-first financial service firm Finom getting $12 million in an investment round.

Practice Management 64

Practice Management B2B Invoicing Accounting Firms 64

The Finance Weekly

APRIL 5, 2022

FP&A departments are spending too much time performing manual tasks, such as preparing budgets and account reconciliations, and not enough time analyzing the data. These cloud based solutions are branching out into HR, sales, and supply chain management by creating more and more automation.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Forecasting Budgeting 52

PYMNTS

NOVEMBER 5, 2019

percent increase in the 12 months leading up to October, according to data by the British Retail Consortium and accounting firm KPMG. October data from the Office for National Statistics indicated that retail sales were up 0.6 Commerce Department showed retail sales in the country were down 30 basis points last month.

Retail 40

Retail Accounting Firms Sales Finance 40

PYMNTS

JANUARY 14, 2020

Telleroo is deploying the solution to enable bulk payments for bookkeepers and accountancy firms conducting accounts payable and payroll transactions on behalf of their clients. Bankbox enables end-users to initiate payments from directly within an accounting platform like Xero, the company explained in its announcement.

Banking 53

Banking B2B Accounts Payable Currencies 53

BlueLight

JULY 30, 2020

My motivation was to understand the responsibility of the CFO suite, the process of billing to accounting, and the software tools available to run an effective finance office. One is accounting: you need this done properly to inform the next two. It connects with bank accounts and corporate credit cards to track financial information.

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

PYMNTS

SEPTEMBER 18, 2020

Deloitte will be the first of the “Big Four” accounting firms to break up its business following the selection of a new auditing board. The firm, in addition to KPMG, EY and PwC, had been cautioned by regulators that their companies had to break off their consulting divisions from their audit arms. Top News . In the U.S.,

Auditing 56

Auditing eCommerce Sales Accounting Firms 56

PYMNTS

NOVEMBER 16, 2018

RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. Automation Anywhere.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

SEPTEMBER 3, 2019

The group said in a statement that “given the well-documented overcapacity and continued like-for-like sales decline in the casual dining market and cost headwinds, we have taken a more cautious medium-term outlook” for the business. TRG said it will gradually close at least 50 percent of the outlets across the two brands as leases expire.

Accounting Firms 43

Accounting Firms Retail Sales Accounting 43

Adam Kae

AUGUST 27, 2020

You can apply this to a wide range of decision-making processes in your business such as marketing, HR, management, sales, and more! Adam started as an actuary for healthcare, launched his own accounting firm, and is now the founder of Adam Kae. As an accountant, he once saved a client $35,000 on their taxes!

Healthcare 52

Healthcare Accounting Firms Finance Education 52

The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? Investopedia defines accounting as “the process of recording financial transactions pertaining to a business.” .

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

PYMNTS

NOVEMBER 14, 2016

AWS is expected to reach a total of $10 billion in sales by the end of this year. AWS currently accounts for over 45 percent of the revenue generated by public “Infrastructure-as-a-Service” providers — more than competitors Microsoft, Google and IBM combined.

Accounting Firms 49

Accounting Firms Startups Retail Accounting 49

Finvisage

DECEMBER 31, 2019

The cafe chain is fighting for survival after revealing on Wednesday it had uncovered “significant, and potentially fraudulent, accounting irregularities” Mr Marsh had been suspended when these problems were discovered. Toshiba is recovering from accounting scandals that eventually led to the bankruptcy of U.S.

Reconciliations 52

Reconciliations Financial Analysis Accounting Construction 52

CFO Share

MAY 25, 2021

As a forensic accountant , I am often called into a “failing” business only to discover an employee is stealing all the profits! And most of the time the fraudster is the accountant or bookkeeper whom you trusted to implement internal controls! Embezzlement and other advance accounting frauds. Commission fraud. Commission fraud.

Auditing 52

Auditing Accounting Manufacturing Education 52

PYMNTS

FEBRUARY 13, 2020

With $160 billion in sales per year, malls still bring in more revenue than eCommerce ($138 billion). We focus on gross margins, focus on increasing the quality of the product and we don’t care about comp sales … There is a too much of a focus on quarter-to-quarter comp NOI growth. The mall is still a compelling retail venue.

Retail 61

Retail eCommerce Sales CFO 61

PYMNTS

OCTOBER 28, 2019

The Big Four auditing firms — EY, Deloitte, KPMG and PwC — have recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are debt.

B2B 40

B2B Accounting Standards Finance Invoicing 40

BlueLight

JULY 16, 2020

In these conversations, I observed each finance leader had a different perspective and approach with their financial accounting partner. I caught up with Sandeep Shroff, Co-Founder and CEO of myStartUpCFO , an accounting firm that provides on-demand full-stack CFO services for startups. Software is key to our operation.

Startups 52

Startups CFO Reconciliations General Ledger 52

PYMNTS

DECEMBER 19, 2017

But not every small business will benefit from a sales bump during the pre-holiday shopping season, and even those that do see a surge in sales will have their own cash flow challenges to consider as they invest in inventory and staff to keep up with demand. small businesses is earned between Thanksgiving and New Years Eve.

B2B 43

B2B Accounting Firms Sales Finance 43

Future CFO

MAY 19, 2020

Leveraging automation to complement an existing finance and accounting workflow, scaling to meet the needs of accounting firms, regardless of size and finance departments in organisations, results in bridging automation gaps in finance and accounting processes, which leads to organisational growth.

Finance 52

Finance Invoicing Auditing Technology 52

PYMNTS

JUNE 13, 2016

John Shapiro, director of product management and payments at Intuit, told PYMNTS that the mobile offerings are aimed at firms that have multiple entities under the corporate umbrella — or, in another scenario, many customers — to see when data was last reconciled through bank statements, which can give insight into what is still pending.

Cash Management 41

Cash Management Invoicing Accounting Firms Sales 41

PYMNTS

MARCH 7, 2016

Meanwhile, SMEs are facing increasing late payments, more concerned accountants and depressingly low satisfaction rates with online lenders. 58 percent of small accounting firms feel concerned about rising costs, but concerns about the regulatory environment topped their list of main priorities for the next five years.

Invoicing 41

Invoicing Advertising B2B Accounting 41

PYMNTS

AUGUST 23, 2016

In an interview with PYMNTS, Lendified Founder and CEO Troy Wright said that, with the funding in hand, the overall mission is to put that money back to work in what he said remains the company’s traditional market of “loans between $5,000 and $150,000, with mainstream and Main Street businesses,” such as brick-and-mortar stores with direct sales and (..)

Cash Flow Forecasting 40

Cash Flow Forecasting Manufacturing Forecasting Accounting Firms 40

CFO Talks

FEBRUARY 20, 2024

Farhaan discusses the critical aspects of his role, emphasising the shift from traditional accounting to strategic and operational involvement across business sectors. Farhan holds a BCom and a number of postgraduate diplomas in accounting from the University of Johannesburg. Farhaan: We speak of CFOs as traditional accountants.

CFO 52

CFO Leadership Accounting Finance 52

PYMNTS

OCTOBER 2, 2017

SAP Point of Sale. It was a team of cybersecurity researchers from the firm ERPScan, and not malicious hackers, who discovered that point-of-sale (POS) systems made by SAP had a gaping loophole. Luckily, this one was just a hypothetical hack — it could have been much worse.

SAP 76

SAP Securities Leverage Sales 76

PYMNTS

NOVEMBER 16, 2018

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. For its part, the IRS has tried to push the system toward bank accounts and electronic payments, to get out from under the cash pile. billion seen last year.

Profit and Loss 70

Profit and Loss Banking Compliance Accounting Firms 70

PYMNTS

SEPTEMBER 16, 2019

The continued use of paper checks and Excel spreadsheets epitomize this trend: Despite the influx of accounts payable automation tools, new commercial and virtual card offerings, faster ACH options and automated accounting platforms, checks and spreadsheets continue to be favored tools.

Accounts Payable 53

Accounts Payable Technology Accounting Invoicing 53