Sat.Dec 28, 2019 - Fri.Jan 03, 2020

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Africa’s Quiet Cashless Payments Revolution

PYMNTS

While one might assume that a payments revolution would be a hard thing to miss, as it turns out, it can happen. It all depends on how closely the world is looking — and what exactly it expects to be looking for. Sometimes, DPO Group CEO Eran Feinstein told Karen Webster, a massive paradigmatic shift can fly under the radar, if it looks just different enough from what the world is used to seeing.

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Book Review: The Ethical Investor’s Handbook

CFA Institute

That investing responsibly is complicated does not imply that investors should abandon the effort, in Morten Strange’s view.

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Trending Sources

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Zero-Based Budgeting: Zero in on the Money

Jedox Finance

Zero-Based Budgeting is a unique accounting practice with specific advantages and disadvantages. It forces businesses to think about how each and every expense is managed in a specific budgeting period. A detailed spending plan is still the fastest way to achieve your finance goals. In general, a budget can be used to determine where every single cent should go each month.

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Organisational complexity remains top auditor concern

Future CFO

As organisations continue to collect customer and employee data, chief audit executives (CAEs) are increasingly concerned about how to govern and protect it, noted Gartner. The analyst’s annual Audit Plan Hot Spots Report revealed that data governance has risen to the top spot of CAEs’ audit concerns, up from second place in last year’s report, replacing cybersecurity preparedness.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Why Speed And Scale Will Define Global Payments In The 2020s

PYMNTS

Speed, scale and engagement — if you say it a few times, really get your vocal cords and mouth into the exercise, there’s a certain snap to those words put together like that. As well there should be — those are among the main traits set to define payments in the 2020s. We here at PYMNTS don’t mean to wear you down with all our anticipation about the new decade.

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What Is an Asset Class?

CFA Institute

The economy has only a handful of truly fundamental drivers that influence different asset classes.

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Max out your Win-Loss analysis

Future CFO

There are plenty of famous quotes that remind us that we learn more from our failures than our successes. I’m sure you’ve seen them: “We learn from failure, not from success” “Failure is success if we learn from it” “There is no failure, only feedback” This popular attitude may help explain why managers conducting win-loss analyses tend to look to their lost deals for wisdom more often than they inspect their wins.

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Samsung To Launch ‘Artificial Human’ Called Neon

PYMNTS

Samsung disclosed that it will introduce an “artificial human” called Neon at CES 2020 on Jan. 7 that is totally different than its artificial intelligence (AI) assistant Bixby, Digital Trends reported. The limited information about Neon was shared on Samsung’s Twitter account, and includes an “Artificial Human” teaser in several languages with the tagline “Have you met an ‘artificial’?”.

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Risk Mitigation

Finvisage

Patisserie Valerie says finance chief arrested. The owner of Patisserie Valerie has said its finance director Chris Marsh was arrested last night and then released on bail. The cafe chain is fighting for survival after revealing on Wednesday it had uncovered “significant, and potentially fraudulent, accounting irregularities” Mr Marsh had been suspended when these problems were discovered.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Top 10 Posts from 2019: Damodaran, Marks, Shiller, and Buffett

CFA Institute

The leading Enterprising Investor articles from 2019 feature insights from some of the top luminaries in all of finance.

Finance 52
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HKICPA launches new qualification programme

Future CFO

The Hong Kong Institute of Certified Public Accountants (HKICPA) said recently that it has scheduled to launch the new qualification programme stage-by-stage, aiming to offer flexible pathways and relevant trainings to students with different educational backgrounds to become CPAs. The new programme is designed to meet the market needs, in turn align with the concept of "Accounting Plus" to attract more young talents into the accountancy profession by equipping them with analytical minds and pro

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Self-Driving Truck Hauls 40K Pounds Of Butter Across US

PYMNTS

Silicon Valley startup Plus.ai is thought to be the first company to deploy a self-driving commercial truck to haul 40,000 pounds of butter roughly 42 hours cross-country from Tulare, California to Quakertown, Pennsylvania, ZDNet reported. The company’s Level 4 autonomous semi-tractor-trailer completed the 2,800-mile run for Land O’Lakes in under three days.

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Trade Credit Insurance

Finvisage

To what extent should we expect the demand for Trade Credit Insurance to increase in the UK and what are the major factors affecting the same? Executive Summary. Initially the research paper begins with an Introduction on TCI’s processes, technological advances and key features. The report further proceeds with Results and Findings column, confronting data on several key economic factors affecting TCI on a macro scale.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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KPMG, PwC, EY To Put $9B Toward AI, Data Tech

PYMNTS

The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax. The investment goes beyond the idea of just automating processes, moving into entrenched AI work, data analysis and tech training for all employees.

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Record Holiday Sales Trigger Record $100B Returns

PYMNTS

Gift returns have become a holiday tradition in the U.S., with consumers anticipated to send back a record $100 billion worth of unwanted goods bought this year between Thanksgiving and Christmas, The Financial Times reported. Last year returns from purchases made during the same period hit $6 billion. Online purchases are almost three times more likely to be returned than those in stores, leaving retailers with millions of items to sort.

Sales 71
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2020 To Mark A Turning Point At The Point of Sale

PYMNTS

The end of one decade, the beginning of another. Might the coming year be marked by innovation at the point of sale (POS)? The PYMNTS 2019 end-of-year survey of 30 executives asked for payment-related predictions that could (theoretically) be placed in a time capsule to be unearthed 12 months hence. The time frame, of course, is somewhat short. Thinking about what will come to fruition by the end of December 2020 gives little runway to predict, say, the most mobile of mobile commerce options (fl

Sales 68
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PayPal Deepens LATAM Reach With MercadoLibre Integration

PYMNTS

Digital payments firm PayPal is turning to Latin America to strengthen its position in the eCommerce payments and remittance arenas. Today (Dec. 30), PayPal announced an expansion of its partnership with Argentinian eCommerce company MercadoLibre (dubbed the “eBay of Latin America”), as it positions itself to capture more of Latin America’s market share.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Get Ready For More Voice In Retail — And Soon

PYMNTS

It’s going to be a very vocal year when it comes to retail. Voice is the killer app of the connected commerce experience, according to the How We Will Pay: 2019 Edition study. For the third consecutive year, the use of voice-enabled devices and assistants to enable purchasing has increased faster than any other type of connected commerce. About 31 percent of consumers now own voice-activated devices, up from 27 percent in 2018 and 14 percent in 2017.

Retail 61
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Deep Dive: AP Processing Delays And How New Payment Innovations Can Help

PYMNTS

Paper-based payment methods such as checks and cash are awkward and cumbersome in either business-to-business (B2B) or business-to-consumer (B2C) transactions. The negative impact that these increasingly outdated methods have on both senders and receivers has mostly been ignored, however. Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner.

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When Instant Payments Are Just Payments

PYMNTS

In just three years, one word, one idea, has rewritten the payments rulebook: “instant.” Driven by faster phones, ingenious apps and sheer market force, the move to instant is pushing the boundaries of what’s possible with payments, opening up new worlds of risk and reward. Rarely do consumers and businesses agree on anything as much as they have on instant.

Banking 60
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How Mobile Order-Ahead Drives Innovation In Restaurant Design

PYMNTS

As diners can order a wide range of cuisines from their smartphones, mobile order-ahead continues to become more popular — and quick-service restaurants (QSRs) are taking note. The technology is changing the design of restaurants, as some coffee chains are rolling out pick-up only locations while others are refreshing stores with pickup windows. Large chains like Dunkin’ and Starbucks were among the first to embrace mobile order-ahead technology.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Corporates Brace For Cloud Computing Accounting Changes

PYMNTS

The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., has released new guidance on computing costs for cloud computing to take effect for public businesses in 2020. It also provides a new standard for companies that struggle with the implementation of the technology, according to a report by Compliance Week.

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2019: A Banner Year (And Bumper Data Crop) For Hackers

PYMNTS

It’s the list no one likes to be on. It’s kind of like being on the “worst dressed list” except that we’re talking about stolen data and, probably, lots of lawsuits. Welcome, then, to the Top Data Breaches of 2019. The readings are pretty grim. At a high level, the numbers are staggering. Millions of accounts hacked. Billions of records accessed. Thousands of breaches.

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JPMorgan Ups Security By Blocking FinTechs From Passwords 

PYMNTS

The downside of data sharing has come full circle as JPMorgan Chase strives for enhanced protection by blocking FinTech apps from accessing customers’ passwords, The Financial Times (FT) reported on Tuesday (Jan. 2). As a way to get users’ passwords “out of the system,” the lender will disburse tokens to third parties, embedded with limited data, Bill Wallace, Chase’s head of digital, told FT. .

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Open Banking Overcomes The Data Obstacle Of Paper

PYMNTS

The Open Banking business model has derived mixed reactions from the financial services market, and without a regulatory mandate in the U.S., it’s not entirely clear how deeply the data sharing strategy will proliferate. What is clear, however, is that Open Banking is gaining traction, largely driven by the competitive pressure for banks to enable their customers with the FinTech tools they demand.

Banking 57
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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.