PYMNTS

JULY 5, 2017

The nature of financial reporting is to communicate facts aggregated using accounting rules. These facts can be audited back to the source. The value of a predictive algorithm is very limited in a reporting process, mainly because the outcome cannot be audited.” But data can quickly turn into a burden.

Financial Data 52

Financial Data Auditing Financial Reporting CFO 52

PYMNTS

AUGUST 7, 2019

6) that the nation’s central bank has suspended the company’s activities because it allegedly failed to provide the government with required financial data on its operations this year. Businesses offering electronic money services must provide Lithuanian authorities with audited annual financial statements, reports explained.

Concentration 40

Concentration Auditing Compliance Startups 40

PYMNTS

JANUARY 9, 2019

Separate reports from The Wall Street Journal ( WSJ ), published last April, also demonstrated the changing nature of corporate finance: While the Big Four accounting firms’ advisory and consulting revenue jumped by a combined 44 percent since 2012, revenue from straightforward auditing for the firms rose just 3 percent in that time.

Accounting 71

Accounting Corporate Finance Accounting Firms Auditing 71

PYMNTS

AUGUST 5, 2016

” Outside of the accounting department, however, other parts of a business will feel the effects of automated accounting — and the access of the financial data that goes along with it. ” From treasury management to sales teams, access to data from the accounting unit might offer guidance that was previously unattainable.

Accounting 42

Accounting Reconciliations General Ledger Auditing 42

PYMNTS

JANUARY 10, 2020

B2B technology startups continue to gain valuable attention among venture capitalists. In a recent report , seed investors explored why their focus has turned to enterprise startups as opposed to consumer-facing technology firms after the publication’s analysis revealed that today’s seed investments favor B2B startups over B2C.

B2B 52

B2B Startups B2C Management Consulting 52

PYMNTS

DECEMBER 7, 2017

According to Jake Benson, CEO of back-office software provider Libra , that’s because traditional accounting and auditing software solutions aren’t compatible with blockchain, rendering them unable to access, manage and analyze financial data stored on distributed ledgers. Libra, which recently announced $7.8

Accounting 52

Accounting Auditing Valuation Financial Data 52

PYMNTS

FEBRUARY 22, 2017

Corporates in particular are struggling with some of these financial reforms, according to research from the U.S. Nearly 80 percent of businesses surveyed in that report said they have taken some type of measure to make up for the cost of compliance, with Basel III cited as having the greatest negative impact for businesses.

Accounting 54

Accounting Banking Cash Management Compliance 54