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Navisteps Lands $1 Million For SMB Travel, Cost Management

PYMNTS

Travel and cost management company Navisteps has notched $1 million in a pre-seed round, with investment originating from angel investors, Phocuswire reported. While expense and travel management solutions are not new, they traditionally target large enterprises.

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CFOs might shift some employees to remote work permanently

Future CFO

CFOs, already under pressure to tightly manage costs, clearly sense an opportunity to realize the cost benefits of a remote workforce. Business Insights Strategies and Tactics CFO cost management

Finance 52
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Why Supply Chain Execs Struggle To Analyze Costs

PYMNTS

Supply chain managers are less than impressed with the current solutions in place for cost analysis. New research from the Association for Supply Chain Management (APICS) and the Institute of Management Accountants (IMA) finds these professionals are struggling to grasp the insight they need into how much their companies spend on goods and services. Analysts surveyed supply chain professionals about the current cost analysis tactics they use.

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CFOs to spend more on tech and reduce headcount

Future CFO

CFOs are unsure what reopening will look like and have little visibility into when revenue will start to normalise, said Alexander Bant, practice vice president, research, for the Gartner Finance Practice, adding that this is driving CFOs to look for the next round of structural cost cuts to preserve cash for the coming months. CFOs want to optimize costs but still be able to come out fighting when restrictions are loosened,” Bant observed.

Finance 40
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Focus on Growth or De-risking in 2023?

Focus CFO

The survey results indicated that many financial leaders are focusing on risk and cost management and away from growth. A new U.S.

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What are the top priorities of CFOs in 2023?

CFO News

Cost management, financial performance, and both inorganic and organic growth are on top of the minds of finance honchos as they enter the New Year

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Effective Accounting Beyond Your Average Bookkeeper

https://trustedcfosolutions.com/feed/

One secret to long-term business success is effective time management. When business owners and teams have strong time management skills, more work is completed in a shorter amount of time.

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What Is A Virtual CFO, Exactly (And Why Do I Need One?)

CFO Network

Hiring a virtual CFO gives businesses access to the benefits of having someone in this role working for their company without the high costs associated with offering them an in-house position. They can help your business manage cash flow, evaluate financial risk, and plan for contingencies.

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Analyst Corner| SBI Cards: Retain ‘buy’ with target price of Rs 1,280

CFO News Room

Operating expenses remained elevated (cost-to-income of 60% vs 57% in 2QFY22) as the company continued to spend on promotional and cashback expenses. of open market sourcing cost. 3.8%: Our FY22e PAT is lowered by 17% on account of higher provision costs.

CFO 130
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A look at Oracle’s Finance Modernization for banking solution

Future CFO

At the same time, banking’s traditional finance operating model is evolving—digital innovation and cloud-powered technologies are being used to automate transaction processing, manage data and risk, and enable strategic and actionable insights.

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A look at Oracle’s Finance Modernization for banking solution

Future CFO

At the same time, banking’s traditional finance operating model is evolving—digital innovation and cloud-powered technologies are being used to automate transaction processing, manage data and risk, and enable strategic and actionable insights.

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Financial & Business Management Assessment & The Power of Controlled Costs for Restaurants

https://trustedcfosolutions.com/feed/

As you look through this assessment/checklist of key restaurant financials and business management activities below, mentally rank each one on a scale of 1 to 10 to establish where you are ‘Now’ and then establish ‘Where’ you want to be in 3, 6, or 12 months.

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How to Manage the Complexity of Multi-Cloud Environments

CFO News Room

How to Manage the Complexity of Multi-Cloud Environments. Many enterprises moved to the cloud to accelerate innovation, agility, and growth, and to realize cost savings with the cloud’s on-demand consumption model. CloudOps for Coordinated Cloud Management.

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What are the Red Flags of Fraud?

CFO Share

Have you grown your sales only to see your costs rise equally? There are many symptoms of fraud which can be easily confused with general business challenges like poor cost management. Single person managing payroll.

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Yoba Smart Money, Nets Partner On SMB Payments

PYMNTS

The release stated the partnership will let companies pay costs via a credit card, while accessing on-demand liquidity alongside cost management tools.

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Finance Chiefs Switch Jobs, Retire as Companies Face Uncertainties

CFO News Room

It is also leading some companies to prepare for a potential downturn by looking for CFOs with experience in cutting costs or restructuring operations, they added. Joel von Ranson, who leads the global functional practices at recruitment firm Spencer Stuart, which includes the financial officers group, said companies are increasingly searching for CFOs with experience in cost management and balance-sheet refinancing as they struggle for visibility on the direction of the economy.

Finance 100
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Bitcoin Daily: ZenGo To Create Crypto Payment Card; HSBC Powers Bangladesh’s First X-Border Blockchain Transaction; Hong Kong Might Increase Crypto Oversight

PYMNTS

ZenGo said the card will be the first card connected to a “self-hosted, on-chain, multi-currency wallet" in which the user manages the funds.

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Inflation, tight labour market push firms to increase pay rises in Asia Pacific

Future CFO

Companies in APAC are now budgeting an overall average increase of 5.08% for executives, management and professional employees, and support staff this year.

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Today In B2B Payments News: Razorpay Taps Visa For SMB Cards, Nets And Yoba Collab On SMB Payments

PYMNTS

The release stated the partnership will let companies pay costs via a credit card, while accessing on-demand liquidity alongside cost management tools.

B2B 60
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Podchats for FutureCFO: Action items to accelerate finance transformation

Future CFO

In an IBM Global C-Suite study , two-thirds of CFOs surveyed confirmed that their agenda includes taking an active role in developing strategy, driving growth, reducing costs, managing risks and providing insights.

CFO 52
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Accounts Payable AI Company Stampli Raises $25M

PYMNTS

Stampli redefines invoice management by turning the invoice into a communication tool allowing AP to seamlessly collaborate with all departments and external vendors.”. Stampli uses its proprietary AI to recognize patterns and learn how each organization allocates cost, manages approval flows and extracts invoice data.”. The artificial intelligence-based accounts payable company Stampli has raised $25 million in a Series B funding round, the company announced Wednesday (Oct.

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Today In B2B: Brexit Uncertainty Looms; Unifiedpost Acquisitions Bolster B2B Platform

PYMNTS

India-based business management software provider Tally Solutions is debuting a new service, TallyPrime Release 1.1, Navisteps Lands $1 Million For SMB Travel, Cost Management.

B2B 57
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How ePayments Can Ease B2B Friction In The Travel Industry

PYMNTS

The new reality will be marked by low bookings; tight margins; financial pressures on online travel agents; and the need for cost management. There are also inefficiencies tied to chargebacks, breakage and the administrative costs required to fix errors.

B2B 80
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MicroTech Partners With CostPerform For Better IT Spending

PYMNTS

MicroTech , which provides information technology services to government entities, is partnering with cost management tool CostPerform , in order to boost functionality for IT payment processes, according to a press release.

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Accounting Background No Longer Needed For CFO Jobs

PYMNTS

Traditionally, CFOs come from accounting, and they’re known as people who can handle financing strategy, cost management, reporting needs and standards of accounting.

CFO 55
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CFOs expect up to 30% decline in revenue this year

Future CFO

This is leading CFOs to consider drastic cost management actions across April and May”, said Alexander Bant, practice vice president, research, for the Gartner Finance Practice. . In fact, recent data from another Gartner poll showed CFOs warming to the idea of remote working as a cost management tactic.”

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Moving The Business Payments Focus From Price To Process

PYMNTS

But in an interview with PYMNTS, Mary Beth Joiner , senior vice president of relationship management at Comdata Corporate Payments, said that there have still been pockets of resistance in making the great digital pivot. In the wake of the pandemic, B2B payments have had to evolve.

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Walgreens Accelerates Digitalization In Q1

PYMNTS

In addition, during the quarter we were very satisfied with the progress made in our Transformational Cost Management Program and with the strong cash flow we delivered.”.

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Accounting Software Sage Intacct Rolls Out In UK

PYMNTS

Silicon Valley’s Sage Intacct is bringing its cloud-based financial management system to the U.K. In April, Sage Intacct announced integrating data from cash management tool Trovata.io following an August launch in Australia, the company announced in a press release on Wednesday (Dec.

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Airbnb Goes In On Corporate Travel Payments

PYMNTS

Airbnb revealed a new partnership with business travel management firm AirPlus International to develop a holistic business travel solution, including travel booking, payment, billing and expense management. “More and more business travelers wish to make use of the flexibility that the sharing economy offers,” explained AirPlus Managing Director Patrick W. Airbnb is making significant gains in corporate booking levels, and on Friday (Nov.

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Medpricer Launches Healthcare Spend Analytics

PYMNTS

Medpricer, a technology company that targets the medical and healthcare services with cost management solutions, is rolling out a spend analytics tool. The solution provides alerts to managers when a contract is about to expire, and can provide insight into the lifecycle of a contract. In a press release Wednesday (Aug.

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Breaking Batch (Payments): BNP Paribas On APIs And Making B2B Payments Faster

PYMNTS

Cloud financial management provider Sage Intacct is one company seeking to leverage APIs to better serve SMBs. recently, with the technology connecting business clients to third-party cost management services and more.

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Most CFOs Lack Full Visibility Into Company Spend, Coupa Finds

PYMNTS

The report, “The Strategic CFO in a Rapidly Changing World,” commissioned by corporate expense management firm Coupa , found that of more than 500 CFOs surveyed, more than 60 percent said they don’t have total visibility into company spend. It’s critical that CFOs adopt a cloud-based strategy for business spend management that enables them to have visibility and control over their spend to make more strategic and informed decisions about their business.”.

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Expect SG&A budget cuts in 2020 says Gartner

Future CFO

Therefore, forcing the IT infrastructure group to bear the same cost reductions as another functional area could expose your organization to new risks or negatively affect business continuity,” he added. Gartner recommends four cost management tactics: Think big.

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UK Restaurants Say Social Distancing Could Bankrupt Them

PYMNTS

Jo Eames, director of Peach Pubs, which operates 20 pubs in the south of England, said margins are so tight and costs so high in the hospitality industry that no business can survive with much less than 90 percent full turnover. If restaurants and bars in the U.K.