PYMNTS

NOVEMBER 28, 2017

According to Kurt Rathmann, CEO and founder of SMB accounting firm ScaleFactor , the month-end close may be the traditional way of doing things, but it forces small business owners to examine data that, by the time a financial report is completed, is too old to be of much use. “The news is about 30 days old at best.”

Financial Reporting 45

Financial Reporting Accounting Benchmarking Forecasting 45

PYMNTS

MARCH 14, 2016

Data from the world of B2B finance flowed in from across the globe this week. 10,000 businesses have accessed financing via Swift Capital , the company said in its most recent financial report. Small business lenders touted their high-volume milestones, and researchers pointed to a massive spike in FinTech investments.

B2B 40

B2B Invoicing Benchmarking Finance 40

PYMNTS

MAY 31, 2016

BPS Technology is introducing a unique B2B trade and payments solution to more companies in the U.S., Reports on Friday (May 27) said the company is rolling out its Bartercard tool to new markets Tennessee, California and Georgia. coincided with BPS Technology’s latest financial report. million, a 7.3

B2B 40

B2B Currencies eCommerce Financial Reporting 40

PYMNTS

MAY 6, 2016

Earlier in the week, we reported on the bust that is B2B venture capital this week. There hadn’t been any investments in B2B finance and payments startups in the first half of the week, a void that casts doubt on those earlier reports of investors cozying up to startups targeting businesses, not consumers. Accounting.

B2B 41

B2B Investments Startups Financial Data 41

PYMNTS

APRIL 15, 2019

“For many businesses, reconciling B2B transactions can be challenging due to lack of robust reporting tools,” the company said in a release. Our collaboration with Amazon Business streamlines financial reporting and cuts down on time spent reconciling transactions against statements.

Auditing 70

Auditing B2B Leverage Banking 70

PYMNTS

AUGUST 2, 2017

Following a Series A funding round, B2B payments startup Boost Payment Solutions has created its board of directors, the company said Tuesday (Aug. The company offers a B2B payments gateway to enable supplier acceptance of cards and buyer use of virtual cards. Boost founder and CEO Dean M. Boost Payment Solutions is based in the U.S.

B2B 40

B2B Startups Financial Reporting Sales 40

PYMNTS

SEPTEMBER 13, 2020

Lloyds Bank has teamed with ConnectedFi in order to provide brokers with quicker asset finance credit decisions by using automation, according to Financial Reporter. The whole process reduces manual work by 87 percent, according to Financial Reporter. The information is extracted and validated automatically.

Finance 117

Finance Financial Reporting Banking Economics 117

PYMNTS

MARCH 4, 2020

The boom in B2B FinTech has introduced a flurry of new solutions and platforms from which corporates and small businesses can choose. It’s a result, explained Gillette, of the legacy ERP no longer being suited to address the full range of businesses’ diverse financial and process management needs. The ERP’s Role in a FinTech World.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

PYMNTS

FEBRUARY 15, 2018

Commercial credit risk solutions provider Credit2B is rolling out a portal for trade credit suppliers to share and access information about B2B payment experiences in real time. The portal includes information from financial reports and public filings, the company said. The company said Wednesday (Feb.

Risk Analysis 43

Risk Analysis Credit Risk B2B Startups 43

PYMNTS

OCTOBER 18, 2019

Revenue for that unit hit $6 billion, the company said in its latest financial report , released Friday (Oct. American Express currently stands as the globe’s largest commercial card issuer by spend, reports noted, and the company is pushing for an even greater position in the B2B payments market.

Startups 40

Startups B2B Accounting Financial Reporting 40

PYMNTS

OCTOBER 30, 2020

Managing Cash Flow Reporting in B2B. Businesses also prioritize having up-to-date financial status data that will enable them to carefully oversee liquidity across all their various bank accounts and to make accurate decisions. on a Sunday, how is that going to impact my [cash] position? Carter said.

B2B 59

B2B Economics Banking Prioritization 59

PYMNTS

OCTOBER 29, 2018

Amid the flurry of B2B FinTech innovation aiming to transform organizations’ back offices, there is often one common threat within the disruption: the need for previously siloed, disconnected systems and processes to integrate with each other, offering a streamlined, holistic view of the enterprise.

CFO 58

CFO Corporate Finance Finance Risk Management 58

PYMNTS

MARCH 1, 2020

The Financial Reporting Council (FRC), the U.K.’s s audit regulator, announced plans this week to break up the dominance of the largest four accounting firms, Deloitte, EY, KPMG and PwC , according to the Financial Times. The regulator issued letters to those firms, known as the Big Four, Thursday.

Accounting 92

Accounting Auditing Financial Reporting Accounting Firms 92

PYMNTS

AUGUST 14, 2019

Zelle P2P payments increased at a slightly faster rate than Venmo in the latest financial reporting period: While year-over-year payment values increased by 56 percent, transaction volume increased by 71 percent, just barely beating the PayPal figure. to fully embrace real-time payments for both B2B and B2C activity.”.

B2C 49

B2C B2B Banking Accounting 49

PYMNTS

MAY 4, 2020

As part of this evolution, SCS embarked on an effort last September to develop a platform to bring the B2B eCommerce model to small business accounting, enabling business owners to quickly view prices and order reports the same way they shop for goods and services online. ” Easing SMB Globalization.

eCommerce 67

eCommerce Accounting Accounting Firms B2B 67

PYMNTS

JULY 6, 2020

The Big Four accounting firms will have to put their United Kingdom auditing and consulting practices in separate business units by 2024, but may keep them within the same parent companies, under regulations announced today by the Financial Reporting Council. The measures by the U.K.’s

Auditing 66

Auditing Accounting Firms Financial Reporting Accounting 66

Michigan CFO

NOVEMBER 15, 2021

Standardized Reporting. Since your virtual CFO has worked in various industries with many clients, they will have developed standardized financial reports. Given that they’re so battle tested, these reports will be inclusive of everything you’d need to know as a small business owner. Credit: Lukas Blazek.

CFO 52

CFO Budgeting Forecasting Manufacturing 52

PYMNTS

OCTOBER 9, 2018

’s Financial Reporting Council, the world’s largest asset manager, BlackRock, is throwing its weight behind the watchdog. Reports in the Financial Times on Tuesday (October 9) said BlackRock wants more authority handed to the FRC, garnering dramatic reactions from FRC opponents.

Auditing 51

Auditing Restructuring Financial Reporting Economics 51

PYMNTS

AUGUST 1, 2019

s Big Four corporate accountancy and auditing firms — Deloitte, PwC, KPMG and EY — saw nearly three times as many fines last year as they did in 2017, according to the Financial Times. The publication reported Wednesday (July 31) that the Big Four were hit with a combined $52.3 million and $15.8

Accounting 43

Accounting Auditing Financial Reporting Numbers 43

PYMNTS

OCTOBER 11, 2018

It’s a key metric for lenders when establishing loan covenants to mitigate default risk, and could limit borrowing powers even for a company whose financials have not changed, The changes take effect next year. Reports also said that there may be no financial benefit to the changes.

Accounting 49

Accounting Accounting Standards Financial Reporting CFO 49

PYMNTS

JUNE 21, 2019

In the B2B space, the latest cases are spread across North America, Australia and the U.K. new reports from The New Yorker this week dove into how the current CFO of the National Rival Association (NRA) allegedly embezzled funds from his last company, employee benefits consulting firm the Wyatt Company. Fraud knows no boundaries.

Accounts Payable 43

Accounts Payable CFO Accounting B2B 43

PYMNTS

SEPTEMBER 24, 2018

As a result, past financial reports had to be reexamined to recalculate the value of tax credits or liabilities, or to assess how previous results would look under new rules. For many, the mistakes were discovered when corporate finance teams were changing accounting paperwork to comply with the new U.S.

Numbers 68

Numbers Accounting Accounting Principles Corporate Finance 68

PYMNTS

OCTOBER 9, 2018

For companies, the changes will disrupt their financial reporting in a big way when the requirements come into effect. . “Private companies are starting to realize it’s not business as usual,” said Deloitte Private Enterprises Managing Partner Mark Davis in an interview with Accounting Today last week.

Accounting Standards 61

Accounting Standards Accounting Banking Corporate Finance 61

PYMNTS

MARCH 6, 2020

The British audit regulator, the Financial Reporting Council (FRC), announced plans this week to break up the dominance of the largest four accounting firms: PwC, EY, Deloitte and KPMG. Trackers and Reports. HSBC on the Next Phase of Treasury APIs (B2B API Tracker). UK Moves Closer to Big Four Accountancy Breakup.

Treasury 52

Treasury Auditing eCommerce Cash Management 52

PYMNTS

JULY 5, 2017

.” Some experts are worried a similar trend can be seen within the financial functions of the enterprise itself, with automated accounting and forecasting capabilities now offered quicker and more accurately via robots than humans. The nature of financial reporting is to communicate facts aggregated using accounting rules.

Financial Data 52

Financial Data Auditing Financial Reporting CFO 52

PYMNTS

NOVEMBER 15, 2020

Having cash flow stats and real-time financial reports for loan submissions available is critical, according to the release, which touted the platform as "easy to use and highly automated.". The pandemic has engendered a number of new obstacles for companies.

Finance 105

Finance Startups Financial Reporting Numbers 105

PYMNTS

DECEMBER 27, 2019

Reports in the Financial Times said the U.K. The collapses raised concerns that auditors failed to detect financial troubles in corporates’ books — and ignited a debate over whether auditors are responsible for discovering potential signs of impending collapse, or even fraud.

Accounting 52

Accounting Auditing Financial Reporting Accounting Firms 52

PYMNTS

MAY 21, 2018

Recent scandals have bred rising doubts over the Financial Reporting Council’s effectiveness, including the failure of U.K. Accounting regulation reviews need expert knowledge of its local and global history and failures, and the critical challenges of corporate accountability in an arena dominated by Big Four firms.

Accounting 40

Accounting Auditing Treasury Accounting Standards 40

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. All of the U.K.’s

Auditing 49

Auditing Accounting Financial Reporting Accounting Firms 49

PYMNTS

DECEMBER 19, 2018

Earlier this year, the Financial Reporting Council (FRC) called for a probe into whether a breakup for the four giants could promote competition. Instead, the watchdog is suggesting that major audits of top companies be conducted by at least two firms, one of which must not be one of the Big Four.

Accounting Firms 46

Accounting Firms Accounting Auditing Leadership 46

PYMNTS

MARCH 13, 2019

The Wall Street Journal reported this week that the current Financial Reporting Council (FRC) will be merged into a new regulatory entity, the Audit, Reporting and Governance Authority (ARGA).

Accounting 43

Accounting Auditing Financial Reporting Marketing 43

PYMNTS

DECEMBER 15, 2020

A number of essential business functions of Tipalti were lengthy in duration and necessitated in-depth financial reporting before the company’s collaboration with Acuant. “We The need to vet each transaction at that high a volume throughout a wide range of clients required much effort, the announcement noted.

Accounts Payable 75

Accounts Payable Compliance Advertising Invoicing 75

PYMNTS

JUNE 20, 2018

’s accounting watchdog, the Financial Reporting Council (FRC), has now levied more fines in two days than it has in the entirety of 2017, according to Bloomberg reports on Tuesday (June 19).

Accounting 49

Accounting Auditing Financial Reporting Numbers 49

PYMNTS

MAY 28, 2019

financial watchdogs have stepped up their oversight of the accounting and auditing industry amid a string of corporate accounting scandals, collapses and questions over the dominance of the Big Four auditing firms. The watchdog also said it will hire more staff, and increase its budget.

Auditing 40

Auditing Construction Leadership Budgeting 40

PYMNTS

NOVEMBER 21, 2016

More than half of CFOs will boost investment in outsourced financial reporting , found the latest data from EY. The global survey examined the struggle CFOs face in their financial reporting efforts, often hampered by a flood of data and ongoing technological changes.

Investments 74

Investments Prioritization Startups Financial Reporting 74

PYMNTS

NOVEMBER 26, 2019

Citi places a high priority on meeting its regulatory reporting requirements, and has devoted significant resources to U.K. financial reporting before, during and after the period to which the PRA’s notice relates,” the bank said in a statement. Citigroup said it corrected the issues as soon as it became aware of them.

Auditing 76

Auditing Banking Financial Data Financial Reporting 76

PYMNTS

JANUARY 14, 2021

Sweep was founded in 2017 and has focused in the past on automating essential business platforms to help boost efficiency and productivity, the report stated. Sweep Founder and CEO Billel Ridelle told EU-Startups that the company would continue to use open banking through 2021 to innovate further.

Finance 66

Finance Analyzing Data Entertainment Startups 66