Sat.Mar 28, 2020 - Fri.Apr 03, 2020

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New Facial Recognition Policy Signed Into Law In Washington State

PYMNTS

Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft. “This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post.

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SaaS CAC Ratio | How to Calculate and Why It Matters

The SaaS CFO

The cost of customer acquisition is one of the most analyzed SaaS metrics. But it doesn’t have to be complex or hard to calculate. Enter the SaaS CAC Ratio. Slightly different than CAC (customer acquisition costs), the CAC ratio studies the relationship between new and expansion bookings and sales and marketing expense. It’s different than […].

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How Digital Native & Cloud Native Will Influence FP&A

Jedox Finance

The definition of “cloud native” can vary significantly depending on who you ask. Of the most common jargon used to talk about the changes in technology and business, it is unlikely it would be the first thing that comes to mind. ( Digital Transformation , anyone?) However, that is changing fast. In this blog post, we’ll dig deeper into digital native, cloud native, and how it will influence the work of FP&A professionals.

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COVID-19: Quarantined

Future CFO

With Covid-19 sweeping across the globe, Euler Hermes is expecting a sharp global recession in 1H 2020 followed by a U-shaped recovery. The company has revised its global economic forecasts for upcoming years. . Download The post COVID-19: Quarantined appeared first on FutureCFO.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Blockchain Finds New Home In Retail Food Supply

PYMNTS

Food retailers need to embrace a new term: digital traceability. It describes a new process that shows the importance consumers are placing on the origins of their food in the throes of the current coronavirus pandemic. And it could be one of the killer apps for blockchain. “We will be tracing everything around food production, and what we do in terms of managing animals because this (coronavirus) came from animals,” said NZX Head of Analytics Julia Jones.

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Guide to CARES Act Small Business Relief Programs – COVID-19

Business Credit Blogger

Guide to CARES ACT Small Business Relief – COVID-19 The coronavirus pandemic is affecting small businesses all across America. Things are changing fast during the COVID-19 outbreak. In today’s post we’re going to help you navigate this challenging time by going over several ways you can get cash from the Coronavirus Aid, Relief, and Economic […].

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Egencia leads in IDC MarketScape cloud-enabled travel booking solution

Future CFO

Travel is a personal experience. But with travel costs now accounting for the second-largest controllable expense, companies are looking for ways to better manage the process while improving the experience of its travelling employees. This IDC MarketScape on SaaS and cloud-enabled corporate travel booking applications for vendor assessment 2019 evaluates Egencia ’s SaaS solution in delivering the ease-of-use, convenience, flexibility and security that corporate wants.

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How COVID-19 Is Transforming Supply Chains – And Industrial Real Estate Demand

PYMNTS

The universal characteristics of the coronavirus are change and speed. The virus is spreading quickly around the globe, of course, and has abruptly changed life for billions of people. And in an interview with Karen Webster, Chris Caton, senior vice president and head of global strategy and analytics at Prologis , supply chains are about to change as well.

eCommerce 101
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Private Equity: The Weight of the COVID-19 Crown

CFA Institute

What happens to private equity valuations when public equity markets collapse?

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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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How to have successful team catchups and run effective meetings, remotely

Creative CFP

When working remotely one needs to put more effort and structure into coordinating teamwork, and ensuring each person can ask for help and get the support they need. You won't be able to quickly walk over and ask for help or see that someone is struggling and needs a hand. Regular catchups, with a good meeting structure, go a long way to ensuring that all team members have the opportunity to: Check-in on how they are doing.

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State of the CFO role

Future CFO

The CFO is increasingly taking co-responsibility for the technology direction of the business. The traditional finance responsibilities have not gone away. These are table stakes. What has happened is that the CFO of the digital economy now has to evaluate technologies, research new opportunities and build partnerships. Brainyard , in partnership with Oracle NetSuite , surveyed 166 CFOs across 23 industries, to learn how their job is changing and how they view their priorities.

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Ripple Powers X-Border B2B Payments For Thai Bank SCB

PYMNTS

As it aims to provide small businesses and enterprise clients with instant payments, Siam Commercial Bank (SCB) of Thailand is poised to open up its consumer cross-border payments app, which is powered by Ripple, to companies. The financial institution had harnessed RippleNet earlier in 2020 to link up with banking partners globally, according to reports.

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Accounting Matters: Standard Setters Weigh Goodwill Changes

CFA Institute

The complexities of accounting for intangible assets and goodwill are not conducive to a quick fix.

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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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Helpful FP&A Resources from Experts

Planful

Resources, Guides, and Advice From Peers and Experts. Right now, business leaders are turning to the Finance department for answers. As a finance professional, you’re tasked with bringing clarity to one of the most unpredictable, uncertain, and unprecedented crises our modern society has ever seen. You need all the information, advice, and tools you can get.

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Simplifying complex travel programs

Future CFO

A Phocuswright. survey of travel managers revealed that while cost savings are still the highest priority, the percentage of travel managers who give it high importance dropped from 59% in 2015 to 47% in 2018. Traveller well-being is now the second most important consideration for travel managers behind cost savings. Business travellers want frictionless online and mobile experience.

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What Banks Still Don’t Know About Getting The SBA’s $350B To SMBs

PYMNTS

Facing an economic emergency tipped off by the unprecedented coronavirus pandemic landing on American shores, the federal government in an uncharacteristic burst of speedy bi-partisan cooperation passed the $2.2 trillion CARES Act , a massive stimulus effort meant to keep citizens and businesses whole and afloat while the world rides out the outbreak.

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Dispelling the Misperceptions: Three Ways ETFs Benefit Financial Markets

CFA Institute

Lingering concerns that exchange-traded funds (ETFs) have injected new risks into the system are misplaced.

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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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Bitcoin Daily: Banque de France Seeks CBDC Experiment Applications; Bitget Looks To Grow In The US

PYMNTS

The Banque de France is seeking applications “to experiment with a central bank digital currency for interbank settlements,” according to an announcement from the French central bank. The organization said that “the aim is to explore the potentialities offered by this technology, and to identify concrete cases integrating Central Bank Digital Currencies [CBDC] in innovative procedures for the clearing and settlement of tokenized financial assets.” The submission deadline for di

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Venmo, Square Cash Vie For Stimulus Funds Distribution

PYMNTS

Venmo and Cash App want to be considered as ways the U.S. government could deliver its stimulus funds to help the coronavirus-wrecked economy. The popular apps have seen widespread use in recent years, though the government thus far has not adopted either one for any official means. The parent companies of both apps have discussed this possibility with the Treasury Department, though it is unclear if the proposition has been seriously considered.

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Open Banking Platfom Tink Acquires Eurobits

PYMNTS

European open banking platform Tink will now have more room to expand with the acquisition of Eurobits , which works in account aggregation technology, according to a press release. Eurobits, the release states, works with banks and FinTech companies like BBVA, Santander, Sabadell and Fintonic, and the new partnership will give Tink more room to grow in Europe.

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Deep Dive: Digital-First Banks Harness The Power Of Data Analytics

PYMNTS

Financial institutions (FIs) face a perennial challenge in their day-to-day operations — convincing customers to use their products and services rather than a competitor’s. This issue is present in almost every industry, as the $70.3 billion spent on TV advertising in 2019 illustrates. FIs have an intrinsic advantage in offering customers the right products at the right times, however.

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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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Bottomline Helps Small Businesses Apply For COVID-19 Relief Funding

PYMNTS

New Hampshire FinTech Bottomline Technologies has launched a free initiative to help the nation’s banks provide relief to small businesses hurt by the COVID-19 pandemic. On Thursday (April 2), Bottomline Technologies announced it will offer lenders a simplified Small Business Administration (SBA) loan application platform to originate credit online under the “Paycheck Protection Program.”.

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New Data: What COVID-19 Is Doing To Main Street SMBs

PYMNTS

For most small businesses, the dawn of the new decade was filled with optimism for their futures. Consumer confidence was at an all-time high, and unemployment at an all-time low. Consumer spending was strong, as were their household balance sheets. For most SMBs , 2019 was a banner year, and 2020 was expected to be nothing less than spectacular. Two-thirds (66 percent) of SMBs expected to see their revenues grow beyond — even well beyond — what they had booked in 2019.

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Santander Expands One Pay FX To Mexico

PYMNTS

Spanish bank and investment institution Santander has expanded its One Pay FX international payments system to include Mexico, according to a report by Cointelegraph. The Ripple-powered payments system will be offered in the country sometime this year. The company recently filed a Form 20-F , which has to be given to the Securities and Exchange Commission (SEC) by organizations that have equity shares on exchanges in the U.S.

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B2B Payment Terms In Flux Amid Market Volatility

PYMNTS

Cash flow has never been more critical to businesses as it is right now, and both the private and public sectors are taking action to ensure B2B payments continue to flow through the supply chain. In the U.K., recent reports in the Financial Times said the Cabinet Office has encouraged all public entities, including government departments, hospitals, councils and schools, to continue their supplier payments and coordinate with their vendor bases.

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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.