Future CFO

SEPTEMBER 13, 2023

BlackLine said it has announced the first AI-enabled intercompany accounting capabilities. It highlights high-risk transactions, explains risk factors, shows accounting teams where immediate corrections are possible, and provides guidance for future transactions, the firm added.

Accounting 52

Accounting Reconciliations Invoicing Currencies 52

PYMNTS

SEPTEMBER 21, 2020

As China prepares to debut digital currency, JD.com Inc., one of the biggest eCommerce businesses in China, has partnered with the central bank to advance the technology. CoinTelegraph.com reported the retailer has entered into a partnership with the Digital Currency Research Institute of the People’s Bank of China (PBoC).

Currencies 56

Currencies Banking eCommerce Planning 56

Future CFO

DECEMBER 16, 2021

CFOs must be aware of cases and risks of digital currencies as 20% of large organisations will use them by 2024, said Gartner recently. Gartner recommends that organisations first clarify specific use cases for digital currencies before evaluating appropriate IT stacks to incorporate them within the enterprise.

Currencies 52

Currencies Auditing CFO Leverage 52

PYMNTS

JANUARY 24, 2021

Business software maker Cygnet Infotech has updated its FACE ( Financial Accounting Comprehensive and Easy ) accounting software platform, according to a published report. The new version supports accounting for multiple companies working in multiple currencies, among other aspects, the report stated.

Accounting 71

Accounting Compliance Invoicing Currencies 71

Future CFO

MAY 26, 2022

The problem is that most subsidiary businesses have enough independence to decide on what tools and technologies they can use to support their business. According to EY , organisations are fighting through a thicket of clashing policies, processes and technologies when handling intercompany transactions. The intercompany complexity.

Mergers and Acquisitions (M&A) 98

Mergers and Acquisitions (M&A) Accounting Foreign Exchange Compliance 98

PYMNTS

MAY 27, 2020

The movement toward digital currencies may be a bit of an arms race of sorts, for now. As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).

Currencies 57

Currencies Banking Retail Accounting 57

PYMNTS

DECEMBER 4, 2019

4), with separate reports noting that the collaboration aims to deploy a digital currency for B2B payments. Citing The Japan News, reports said MUFG and Recruit are working together to develop a digital currency that would first be tested for smartphone consumer payments, with plans to expand the technology into B2B payments use cases.

Currencies 52

Currencies B2B Banking Economics 52

PYMNTS

JANUARY 18, 2021

March 17, 2021, is the last day users can request an account payout, the note stated. dollar will remain strong on the international stage and won’t be surpassed by bitcoin anytime soon, although it could be a veritable reserve currency, CoinDesk reported. How am I supposed to run a lawful business if I can’t get a bank account?”

Currencies 63

Currencies Accounting Banking Numbers 63

PYMNTS

NOVEMBER 26, 2019

Accounts payable (AP) automation is beneficial, and even necessary, for many businesses still bogged down by paper. But as the latest PYMNTS Next-Gen AP Automation Tracker report highlights, adoption of AP automation technology continues to face challenges. Billtrust Broadens Business Payments Network.

Accounting 64

Accounting Accounts Payable B2B Reconciliations 64

PYMNTS

FEBRUARY 5, 2020

Although physical money is being used less and electronic currency is being touted by private entities, there is “clear hesitation” from the top worldwide central banks to launch their own, Noyer told the Financial Times (FT) on Tuesday (Feb. Noyer left BoF in 2015 after serving as governor for 12 years until 2015.

Currencies 56

Currencies Banking Accounting Technology 56

PYMNTS

AUGUST 3, 2020

The store marks a new chapter in retail technology, social retail and social currency all at the same time. The Burberry-Tencent venture could be the most high-profile use of social currency in retail. Social media platforms such as Instagram account for one-third to one-half of all eCommerce transactions in Thailand.

Currencies 50

Currencies Retail eCommerce Accounting 50

PYMNTS

MAY 6, 2020

Cloud business management firm Sage has announced new updates to its small business cloud accounting solution to help customers gain more insight into their accounting, payroll and HR data. AutoEntry has been embedded into the Sage Accounting feature to do away with time-consuming processes that can result in errors.

Accounting 56

Accounting Invoicing Compliance Currencies 56

PYMNTS

SEPTEMBER 26, 2018

The latest corporate banking offering by Citi aims to virtualize treasurer accounts for more personalized, streamlined services. 25) that it is rolling out Citi Virtual Accounts for institutional clients. The bank said in an announcement Tuesday (Sept. Citi said it plans to expand the offering into the U.S.

Accounting 75

Accounting Reconciliations Treasury Currencies 75

PYMNTS

JUNE 10, 2019

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward. GAAP,” the letter stated.

Accounting 51

Accounting IFRS GAAP Accounting Standards 51

PYMNTS

JUNE 27, 2018

Studies also show that most executives agree their top challenge is market volatility and the struggle to determine when — and how — to hedge currency risk. Corporates should be proactively looking at currency risk,” added Frey. Even if a business only deals in USD, fluctuations of other currencies create risk.

Currencies 53

Currencies Foreign Exchange Risk Management Profit and Loss 53

CFO News Room

FEBRUARY 5, 2022

Finance minister Nirmala Sitharaman said in the Budget speech that the introduction of a central bank digital currency (CBDC) will give a big boost to the digital economy. Digital currency will also lead to a more efficient and cheaper currency management system.

Budgeting 130

Budgeting Currencies Finance Banking 130

PYMNTS

JUNE 18, 2019

Though he noted that the specifics of the project are still unknown, Roubini explained that GlobalCoin probably won’t use common blockchain technologies. Russia’s central bank might one day launch its own digital currency. None,” he said in an interview with CoinDesk. Why would they?”

Currencies 53

Currencies Banking Numbers Technology 53

PYMNTS

DECEMBER 3, 2018

Amid the digital transformation of the enterprise, data is now considered the most valuable currency for corporates looking to transform via technology. According to Jouini, there is a range of technologies that are ready to transform corporate T&E — if the data is digitized.

Currencies 57

Currencies Auditing Technology Treasury 57

PYMNTS

OCTOBER 10, 2019

9), Paysend announced the rollout of Paysend Connect, a business payment account that allows companies to open multi-currency business accounts, issue Mastercard corporate cards and initiate SEPA and SWIFT transfers. In a press release covered by AltFi on Wednesday (Oct.

Accounting 53

Accounting Banking Currencies Investments 53

PYMNTS

JUNE 14, 2019

In an effort to let shoppers make purchases on Amazon via Ethereum, CLIC Technology, Inc. The technology is powered by off-chain processing of assets that are on-chain, according to a press release from CLIC. and B2B platform Opporty are set to roll out a progressive browser extension.

Technology 43

Technology Currencies Invoicing B2B 43

PYMNTS

OCTOBER 11, 2018

CipherTrace noted in a report that digital currency theft has nearly topped $1 billion over the first three quarters of the year at $927 million, Reuters reported. The organization noted that digital currencies are not an effective store of value, unit of account or payment means.

Currencies 73

Currencies Startups Forecasting Banking 73

Generation CFO

JANUARY 4, 2022

They may even give you a new perspective on the direction the finance and accounting profession is heading. Transformational Journeys: Finance and the Agile Organisation was created alongside the Association of Chartered Certified Accountants (ACCA) and Chartered Accountants Australia and New Zealand (Chartered Accountants ANZ).

Finance 215

Finance CFO Accounting Currencies 215

Creative CFP

OCTOBER 2, 2020

A couple of years into my career as a chartered accountant I started to wonder if I was still enjoying working in the finance industry. I was so consumed with day-to-day accounting tasks that I did not have time to monitor the financial health of businesses I was taking care of, or to provide valuable feedback to business owners.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 52

Future CFO

APRIL 10, 2022

Digital money will be the future, said PwC recently when releasing its 2022 PwC Central Bank Digital Currency (CBDC) Global Index. It’s estimated that more than 80% of central banks are considering launching a central bank digital currency,” the company noted in a statement.

Foreign Exchange 98

Foreign Exchange Currencies Banking Retail 98

The Finance Weekly

NOVEMBER 3, 2021

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. For both internal and external sources, each balance has to match the corresponding account in the general ledger.

Reconciliations 52

Reconciliations General Ledger (GL) Accounting Finance 52

PYMNTS

FEBRUARY 19, 2019

based cash application and accounts receivable solutions provider, said the issue of late payments is not necessarily surprising, considering the long-standing tradition of holding onto cash as long as possible and, therefore, delaying payments to suppliers. Rimilia , a U.K.-based is a lack of remittance data, he said.

Accounting 75

Accounting Cash Management B2B Invoicing 75

PYMNTS

MAY 2, 2019

Bottomline Technologies on Thursday (May 2) posted a 12 percent year-over-year gain in subscription and transaction revenue for the payment services provider’s fiscal third quarter 2019, which ended March 31. million, a 5 percent increase compared with the same period last year (8 percent on a constant currency basis).

Technology 43

Technology Accounts Payable Strategic Planning Leadership 43

PYMNTS

SEPTEMBER 8, 2020

JPMorgan ’s Head of Global Liquidity Product Solutions Specialists, Lori Schwartz , told PYMNTS in a recent Masterclass that the very nature of liquidity management is changing — and leading treasury management professionals to pivot to digitization and move from physical to virtual accounts. The Advantages Of Centralized Access .

Treasury 107

Treasury Currencies Cash Management Accounting 107

PYMNTS

AUGUST 19, 2016

Russia’s love-hate relationship with digital currency continues. Now, Russia has overcome its fears and has opened the first digital currency exchange. The new exchange will provide 24/7 currency exchange services and, according to News BTC , the Russian exchange is an actual office. Try Synthetic Currency.

Currencies 44

Currencies eCommerce Technology Startups 44

PYMNTS

OCTOBER 7, 2020

SWIFT’s [Society for Worldwide Interbank Financial Telecommunication] new service offers the possibility of borderless low-cost account-to-account currency transfers from the bank’s own app or portal, and Oracle Banking Payments’ readiness makes this transition easy and fast for SMEs.”. The subsidiary of Oracle Corp.

Currencies 145

Currencies Banking Accounting Securities 145

PYMNTS

JUNE 25, 2020

As accounts payable (AP) and accounts receivable (AR) operations continue to converge for many organizations, buyers and suppliers are increasingly acknowledging the value of using each other’s technology platforms to promote stronger B2B relationships. Esker Adds Credit Tech To AR Platform.

Invoicing 112

Invoicing Accounts Payable B2B Currencies 112

PYMNTS

MARCH 5, 2017

According to Mike Kaplan, senior vice president of business development, the company’s customers elect to pay bills for things like cell phones and utilities, because they may not have bank accounts or just find that paying in cash is more convenient. Paid in cash, pay in cash. And it isn’t just Kaplan with a sunny view of cash.

Technology 50

Technology Currencies Data Analysis Retail 50

PYMNTS

JANUARY 25, 2021

Russia’s Ministry of Labor has banned federal and local governmental officials — and their spouses and underage children — from holding digital currencies, CoinDesk reported. The prohibition is part of a larger legal reform that also bans government officials from opening accounts at foreign banks.

Currencies 104

Currencies Banking Economics Numbers 104

PYMNTS

SEPTEMBER 15, 2020

Postal Service have added yet another hurdle to the payment method, which can affect everything from accounts payable (AP) to payroll to insurance disbursements. With payment innovators looking to migrate B2B payments away from paper, a growing number of payment rails and technologies are helping to ease the pain of the shift.

Currencies 105

Currencies Accounts Payable Treasury B2B 105

PYMNTS

AUGUST 23, 2018

In Thailand, headlines showed that the country’s central bank will issue its own digital currency. The currency to be released by the Bank of Thailand, according to The Next Web , is based off an open source blockchain that the site said is “eerily reminiscent of Ripple ,” the banking ledger from Ripple Labs.

Accounting 41

Accounting Banking Currencies Technology 41

PYMNTS

JANUARY 14, 2021

Plus, new concerns mount in Sweden over the rise of Central Bank Digital Currencies and their implications for the traditional banking system. With $38 million in fresh funding , accounts payable (AP) solution provider Modern Treasury is looking to further accelerate B2B payments. Sweden Considers Implications Of Digital Currency.

Accounts Payable 62

Accounts Payable Treasury Currencies B2B 62

PYMNTS

DECEMBER 22, 2020

The experiments aim to examine a digital euro’s technical feasibility as well as its “programmability” as a coin separate from a central bank digital currency, (CBDC) according to CoinDesk. Any bank can participate in the digital currency initiative, Ledger Insights reported. This would preserve the global reputation of the euro.”.

Banking 69

Banking Currencies Reconciliations Technology 69