PYMNTS

JANUARY 13, 2020

As Travelex works to regain control of its systems, restore operations and mitigate any future fallout from the incident, the cyberattack is yet another reminder that one company’s cyber vulnerabilities can have far-reaching effects throughout the B2B supply chain. Reports said the former finance director allegedly stole $1.5

B2B 89

B2B Invoicing Currencies Construction 89

PYMNTS

JULY 2, 2020

The former chair of the London Stock Exchange is calling for a thorough overhaul of audit standards in the wake of the $2.1 Auditors should be required “to find fraud rather than stumble over it,” Donald Brydon , appointed last year to overhaul audit standards in the United Kingdom, told the Financial Times.

Auditing 56

Auditing Accounting Banking Marketing 56

PYMNTS

AUGUST 19, 2019

Firms auditing expenses through manual processes and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees. Deploying technology — especially artificial intelligence (AI) — can streamline the auditing process and boost cost savings significantly.

Auditing 56

Auditing Accounts Payable Invoicing Healthcare 56

PYMNTS

APRIL 26, 2020

Accounts receivable (AR) platform SurePayd is responding to the coronavirus pandemic by reducing the costs for its remote migration audit services for the next two months for companies that need to go on the cloud during the crisis, according to a press release.

Auditing 56

Auditing Invoicing Accounting Technology 56

PYMNTS

OCTOBER 29, 2020

A number of large accounting groups have turned down requests to audit Greensill Capital as the SoftBank -backed firm mulls a stock market listing, the Financial Times (FT) reported. The United Kingdom-based organization has become one of the most highly valued private finance firms in the nation as of its 2011 establishment.

Auditing 52

Auditing Accounting Firms Accounting Finance 52

PYMNTS

JULY 11, 2019

s so-called Big Four accountancy firms — KPMG, PwC, EY and Deloitte — have reportedly failed to reach audit quality standards set by the Financial Reporting Council , Reuters reported this week. Only 75 percent of the audits of the U.K.’s It will review a larger number of the firm’s audits in the coming year. All of the U.K.’s

Auditing 49

Auditing Accounting Financial Reporting Accounting Firms 49

PYMNTS

JUNE 5, 2020

The new announcement will bring together CaseWare PBC Requests, CaseWare ReviewCompTax, CaseWare Audit and CaseWare AnalyticsAI as one product suite, allowing accountants to take their services entirely to the cloud in bulk. And errors are done away with through automatic updates of information, the press release states.

Auditing 52

Auditing Accounting Leverage Numbers 52

PYMNTS

OCTOBER 20, 2017

Initially, the technology will be made available for B2B transactions, specifically to address the demands of cross-border payments. At the same time, the blockchain guarantees that there is “a fully auditable and valid ledger of transactions.”. On Friday (Oct. Mastercard is not the only firm delving into blockchain.

B2B 84

B2B Auditing Currencies Startups 84

PYMNTS

JUNE 6, 2019

auditing giant to overhaul operations amid growing regulatory scrutiny on the industry. PwC is reportedly planning to ramp up its auditing operations by hiring 500 more auditors across the U.K., The company will also deploy a digital audit team, strengthen training operations and review existing clients. .”

Auditing 46

Auditing Investments Planning Marketing 46

PYMNTS

OCTOBER 25, 2019

Treasury Inspector General for Tax Administration is calling into question the Internal Revenue Service’s corporate auditing performance. But according to the report, the IRS rarely uses this new method and is not examining past audits in order to more efficiently prioritize which cases to more closely examine, Bloomberg said.

Auditing 40

Auditing Treasury Compliance Prioritization 40

PYMNTS

OCTOBER 27, 2016

Blockchain technology could have major implications for B2B payments, and some of the top use cases for distributed ledger include cross-border payments and smart contracts. B2B payments company PayStand has another possibility for the tool. An announcement Wednesday (Oct. ”

B2B 75

B2B Auditing Invoicing Compliance 75

PYMNTS

SEPTEMBER 10, 2019

In a statement, Coatue Management Senior Managing Director Thomas Laffont said that artificial intelligence (AI) enables AppZen to deploy more sophisticated analytics and automation within its expense management solution, which allows businesses to assess expenses, automate expense report audits, and identify savings opportunities. “AI

Auditing 43

Auditing Accounts Payable Invoicing Compliance 43

PYMNTS

NOVEMBER 13, 2018

Parliament will commence an inquiry into the nation’s corporate auditing market, which is currently dominated by the Big Four accounting firms Deloitte, PwC, EY and KPMG, adding new pressure on an industry already being probed by other policymakers. Reports in Reuters on Sunday (November 11) said the U.K.

Auditing 49

Auditing Marketing Construction Accounting Firms 49

PYMNTS

MAY 1, 2020

Mnuchin: All PPP Loan Recipients Will Face Audits. Treasury Secretary Steven Mnuchin said per reports that firms that borrow money via the Paycheck Protection Program (PPP) can expect to be audited prior to forgiveness of the loans. ” JPMorgan Chase Submits Nearly $18B In PPP Loans.

Auditing 57

Auditing Economics Treasury B2B 57

PYMNTS

AUGUST 7, 2020

And, payments made through PayCargo will now be able to be viewed on the AWB Changes feature in Unisys Diagnostics, the company’s solution for auditing and payment tracking. The platform lets clients have their cargo released the same day.

Securities 102

Securities B2B Auditing Cash Management 102

PYMNTS

NOVEMBER 8, 2016

In a move that helps cement B2B payments within the realm of secure transactions, PayStand, a B2B payment and billing company, has given firms the ability to notarize and also certify payments across the supply chain. Blockchain. It’s not just for banks anymore.

B2B 72

B2B Securities Auditing Finance 72

PYMNTS

SEPTEMBER 20, 2019

This week, the largest funding round went to a B2B startup developing autonomous trucking technology to boost fleet efficiency, with other rounds landing at small business bookkeeping, workforce communications, and IBAN fraud mitigation startups for a combined $236 million-plus landing at B2B startups.

B2B 49

B2B Startups Communication Construction 49

PYMNTS

NOVEMBER 6, 2019

Wirecard is having auditing giant KPMG expand the scope of its review of Wirecard financials as the company continues to defend against allegations of fraud. 6) said Wirecard is having KPMG expand its audit review and expects authorities in Singapore to clear the company of any claims of fraud. Reports in Reuters on Wednesday (Nov.

Auditing 40

Auditing Accounting Sales Marketing 40

PYMNTS

JANUARY 26, 2018

The solution can also safeguard information linked to compliance, auditing and regulatory review, the company noted. While Ripple and other decentralized technologies are addressing payments, the transfer of funds is only a small part of a B2B transaction.

B2B 62

B2B Auditing Securities Compliance 62

PYMNTS

NOVEMBER 4, 2019

4) that MPs say an “urgent” new law must emerge to introduce corporate finance and auditing reforms in the wake of the failures of Thomas Cook and Carillion. government has so far failed to adequately address the issue despite its warnings sent to the auditing industry and to large corporates. Finance U.K.

Auditing 40

Auditing Corporate Finance Finance Accounting 40

PYMNTS

OCTOBER 19, 2020

So said that in a traditional screening process, SMEs “would send PDFs of bank statements or PDFs or their audited or unaudited financials, and banks [would] take weeks to underwrite. And the cost of underwriting a large borrower vs. a small SME was virtually the same.”.

B2B 120

B2B Auditing Banking Manufacturing 120

PYMNTS

DECEMBER 7, 2020

Today in B2B payments, Revolut launches a new solution for its business customers, and MonetaGo collaborates to combat trade finance fraud. Through 100 percent invoice integration, the service boasts improvements to savings, and offers a compliance audit feature that can help vendors cut spending.

B2B 63

B2B Finance Practice Management Invoicing 63

PYMNTS

OCTOBER 9, 2020

Venture capital funding landed at supplier payment and compliance automation firms this week, among other B2B innovators that raised money. The big B2B investment of the week was Tipalti , which landed $150 million in new funding on a $2 billion valuation. PYMNTS rounds up the latest funding rounds below.

Compliance 107

Compliance Auditing Accounts Payable Valuation 107

PYMNTS

MAY 12, 2017

million — a record for the watchdog, reports said — for misconduct during its audit of Connaught. Reports Thursday (May 11) said the Financial Reporting Council slapped PwC with the fine and issued a separate fine to retired PwC audit partner Stephen Harrison for his role in the 2009 audit. regulator has fined PwC $6.5

Auditing 40

Auditing Accounting Financial Reporting B2B 40

PYMNTS

MARCH 13, 2018

Forty percent of audits inspected by the International Forum of Independent Audit Regulators (IFIAR) included serious problems, according to news from The Financial Times on Monday (March 12). The IFIAR found accounting lapses in about 40 percent of the 918 audits of public companies inspected in 2017. In the U.K.

Auditing 44

Auditing Accounting Concentration B2B 44

PYMNTS

AUGUST 23, 2018

More than 130 startups have been chosen to join Y Combinator’s Summer 2018 class, and according to reports , B2B software is dominating the roster. Of the 132 startups that launched at Y Combinator’s two-day pitching event, Demo Day, 30 percent are B2B software firms — more than any other vertical.

B2B 40

B2B Pharmaceutical Startups Auditing 40

PYMNTS

SEPTEMBER 14, 2017

One exception may be in the T&E space, in which FinTechs are introducing ways for employees to make B2B payments and integrate transaction data into expense management systems, a reflection of the mobile nature of the traveling employee. The enterprise has been a bit skeptical about mobile payments.

B2B 55

B2B Auditing Compliance Securities 55

PYMNTS

MARCH 7, 2018

B2B FinTechs are playing an especially prominent role in this trend, analysts noted. We saw more and more B2B FinTech models proving out at the banks, coupled with larger and later-stage investments as the FinTech world scales up,” explained Julian Skan, Accenture practice senior managing director, in a statement. “We

B2B 52

B2B B2C Finance Management Consulting 52

PYMNTS

AUGUST 17, 2018

B2B FinTech is undoubtedly a hot spot for venture capitalists (VCs) this year. However, this summer, a different kind of B2B startup has captured investors’ attention. Cloud-based risk and auditing management provider AuditBoard raised $40 million in Series B funding, announced this week, led by Battery Ventures.

Startups 40

Startups B2B Auditing Invoicing 40

PYMNTS

SEPTEMBER 7, 2018

There are some B2B FinTech segments that are mainstays with investors. This week, though, investors revealed their appetite for B2B FinTech firms that can multitask. Yoco provides businesses with payment management and auditing services, targeting SMBs that struggle to get off cash and paper documents.

B2B 43

B2B Invoicing Reconciliations eCommerce 43

PYMNTS

FEBRUARY 19, 2018

In the B2B realm, the movement to get suppliers paid on time may become a struggle, mired as AP management is in the paper chase of manual effort. These are firms that have failed audits or are about to fail audits.

Auditing 51

Auditing Accounts Payable Currencies Accounting 51

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

PYMNTS

JUNE 14, 2017

Worse, researchers found many companies are using manual processes to audit hotel prices and to use those negotiated rates, making it more difficult for a business to identify when it’s losing out on savings. But that auditing is infrequent, with just 3 percent reporting that they audit this information every week.

Auditing 43

Auditing Invoicing Technology B2B 43

PYMNTS

JANUARY 27, 2017

Courier invoices are difficult to audit, and Invoice-Link was created to simplify auditing and to convert non-standard charge data into an asset that pharmacies can use to manage delivery activity,” the firm explained in its announcement. It’s a solution that takes an auditing tool and makes use of the data it assesses.

Auditing 41

Auditing Cash Management Invoicing Finance 41

PYMNTS

SEPTEMBER 14, 2020

Deloitte will be the first of the “Big Four” auditors to break up its business after selecting a new auditing board to undertake the task, according to a report from The Telegraph. 11), Deloitte revealed it had set up an audit governance board to help to eventually separate the audit division from the rest of the company.

Auditing 145

Auditing Restructuring Planning Accounting 145

PYMNTS

AUGUST 19, 2016

is in a B2B startup lull, it seems. B2B startups. But a seed-stage startup fund in San Francisco announced its own new $50 million investment pool, so funding for B2B FinTech startups in the U.S. The company has developed a cloud-based tool to audit a mobile app’s security and to detect potential vulnerabilities.

Startups 40

Startups B2B Invoicing Auditing 40

PYMNTS

NOVEMBER 29, 2018

In the entertainment space, one blockchain company wants to address a range of financial pain points for the “Hollywood economy,” including financing and B2B payments. However, Woodrow has other plans for the cryptocurrency to target more unique points of friction facing the entertainment space today, particularly in B2B payments.

Auditing 54

Auditing Entertainment B2B Finance 54