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There was a time when the telegraph was as important to keeping people connected as the smartphone is today. And while the telegraph’s heyday may well be over, the network it once rested upon can still be put to good use, especially with an assist from API solutions. As more merchants and smaller businesses seek to engage in global commerce, several companies are stepping up their efforts to help merchants address the complexities presented by international trade.
Leading Hong Kong Logistics Provider Wins Corporate Treasurer Award 2016. Hong Kong – 14 June 2017 – Kerry Logistics, a leading logistics provider based in Hong Kong, was awarded Best Liquidity Management Strategy for 2016, using Reval, the leading global software-as-a-service solution for treasury and risk management. The award from Corporate Treasurer magazine , commends Kerry’s application of technology to support its intercompany netting activities.
Organizations are increasingly relying on this team to provide the business with the information needed to remain agile – and to react quickly to changes in the business environment. So what does the day-to-day role of FP&A look like in today’s landscape, and how has it evolved? How can the executive team best support and invest in the FP&A function?
Potcoin , the digital cryptocurrency similar to bitcoin but aimed at the legal marijuana market, got much-needed publicity by sponsoring Dennis Rodman’s trip to North Korea. According to a report in Business Insider , the value of Potcoin jumped nearly 97 percent, to more than $0.18, in trading on Tuesday after Rodman was photographed wearing a Potcoin T-shirt when he arrived in the country.
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
According to some recent reports, there are a trillion reasons for smaller merchants to get active in cross-border commerce. An estimated 94 million online shoppers are expected to spend $1 trillion on cross-border eCommerce by 2020. This rising trend of cross-border consumers has prompted major shipping players, like logistics and delivery company FedEx, to address some of the challenges involved with international shipping and trade for both consumers and merchants.
Could Alexa’s latest API skill stem losses to streaming services for pay TV providers and the telco industry? Some providers seem to think so, with Dish, NetGem and YouView already on board. The skill? Amazon announced June 8 that its virtual assistant has learned to control more than just the company’s own Fire TV stick: Now, for developers that opt to use the Video Skill API, any cable or satellite TV company, streaming service or content provider can add Alexa voice control to its app.
Could Alexa’s latest API skill stem losses to streaming services for pay TV providers and the telco industry? Some providers seem to think so, with Dish, NetGem and YouView already on board. The skill? Amazon announced June 8 that its virtual assistant has learned to control more than just the company’s own Fire TV stick: Now, for developers that opt to use the Video Skill API, any cable or satellite TV company, streaming service or content provider can add Alexa voice control to its app.
Since the advent of technology, the age-old battle of man versus machine has been an issue. Whether it’s televisions entering homes in the mid-20th-century or personal computers coming onto the scene in the late 1980s, technology has no doubt had an effect on everyday life. By integrating tech into various aspects of everyday life, many processes have become streamlined.
There’s no disputing that the pace of innovation in consumer payments over the last several years has been quick and its reach broad. There’s been an abundance of innovation in where consumers shop, what they use to pay when they buy and the devices they use to enable those payments. Along with an appetite for both consumers and merchants to embrace these new ways to pay in an effort to drive more commerce opportunities and improve the merchant and customer experience.
Is the gig economy only for millennials? Is the flexibility offered by online marketplaces, matching skills to needs, the playground of large companies alone? Consider a recent article in The New Yorker that focused on the range of person-to-person transactions in gig work — everything from hanging pictures to renting out rooms to strategizing marketing campaigns.
Strategic Treasurer and Bottomline Technologies recently published a joint report on the B2B payments landscape: B2B payments + WCM Strategies. Their 2017 survey contains data points that all point to one conclusion: Companies are forced to reshape their payment strategies thanks to a combination of factors, including the rising threat of payments fraud, increased globalization and high payment volumes.
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
Online fraud is no small problem for merchants, but a significant number of retailers do not spend enough time on the dual goals of streamlining the consumer data experience while weeding out possible fraudulent transactions. PYMNTS asked Tom Byrnes, chief marketing officer at Vesta, to weigh in on the battleground of account takeovers and what can be done to protect sales and boost customer loyalty.
Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders. Not only do regulations vary from jurisdiction to jurisdiction, but the consequences of non-compliance vary greatly, too.
Supply chain management company APEX Analytix is adding artificial intelligence (AI) into its mix of offerings to help companies optimize their global supply chains and the money that flows through it. The company announced today (Thursday, June 15) that it is rolling out a new solution, APEX Archimedes, which taps into IBM Watson and uses artificial intelligence, machine learning, robotic process automation and natural language processing for greater efficiency in analytics, controls and workin
When 90 percent of Chinese customers are abandoning online purchases at the payment phase, that should tell merchants something. But to learn from the data, first they need to see it. Zooz gives them a window into the data so that merchants can apply the facts to improve business results. “Payments generate considerable amounts of data about the customer journey and transaction results, but merchants generally lack the tools to access and analyze this data,” said Zooz CEO Oren Levy.
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.
It’s not “fast casual” if customers have to wait in line for eight minutes just to order. And when 10 percent of orders come out wrong , it’s not exactly a recipe for success. Panera proved that popularity isn’t always a win for restaurants. But now it’s also proving that high demand can be handled efficiently. It has cut in-store wait times from eight minutes to one, largely through its introduction of digital ordering.
Everyone could use a little styling help from time to time, but would you more likely ask a bedazzling chatbot than a human personal stylist or a fashionable friend? When you cut subjectivity out of the mix, a bot’s smart recommendations may just be the thing to help consumers shop better and enable retailers to get a grip on the future of fashion (and conversions).
Blockchain technology may be used widely in the financial services industry, but that doesn’t necessarily mean it will see a smooth transition into the retail sector. It certainly provides transparency among all parties, but the rapid speed with which eCommerce has accelerated processing payments may be an impeding factor to implementing blockchain technology in the retail space.
So the Federal Reserve hiked interest rates, as had been expected by most on the Street and beyond, and the question as the 25-basis point boost becomes viewed through a rearview mirror: What might it all mean? First things first: The new rate range is 1 percent to 1.25, which is not high by any historical standard, and borrowing costs for loans are still low.
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.
Instant gratification. Instant demands. Instant information at the tip of the finger. New payments and vending technology is developed every day with the ultimate goal of making some part of either consumers’ or businesses’ everyday processes better. From cell phones to televisions, cars, and beyond, nearly every aspect of today’s society is connected or made easier in some fashion or another.
After two years of difficulty navigating a rapidly evolving mobile banking environment — long-struggling U.K. financial services firm Monitise has at last found a buyer. Fiserv has offered to buy out the 400-hundred person firm at a price of 2.9 pence per share, valuing the company at £70 million ($88 million). Monitise has never reported a profit in its 13 years on the market — though it did report annual revenues of £67.6 million for the financial year ending 30 June 2016.
Emirates Islamic is reportedly planning on using a combination of QR codes and blockchain technology to enhance protection from fraud of paper checks. According to a report , Emirates Islamic plans to issue new check books, dubbed Cheque Chain, that include a unique QR code on each page as well as a string of 20 characters that are random. The report noted the move comes after a pilot by parent company Emirates NBD in which employees of the bank used the checks with the QR codes.
Houzz , the popular photo site used by homeowners to plan renovations, is finalizing a new funding venture capital round of $400 million that will value the home décor and interior design startup at about $4 billion. According to Recode , the new venture capital investment is being led by Iconiq Capital, the investment firm that has managed money for the Silicon Valley uber-wealthy, including Mark Zuckerberg and Sheryl Sandberg.
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.
In 1966 Eddie Corcoran sang, “There ain’t no cure for the summertime blues,” which is a rather dark pronouncement of an otherwise pretty cheerful time of year. Long days, pool parties and outdoor BBQs seem to us to be more than adequate cures for whatever ails anyone in the summer, even for Mr. Corcoran, who (according to the lyrics of the song) had a pretty terrible but unspecified summer job.
The Bancor token was able to raise around $147 million earlier this week via an initial coin offering, reported Reuters. According to the report, it’s the second biggest venture capital fundraising by a player in the blockchain industry. Bancor provides technology for the creation of smart tokens that can hold one or more tokens or digital currencies to allow any party to purchase or liquidate them via a smart contract.
There’s no doubt that digital affects people’s everyday lives around the world. A byproduct of incorporating connectivity into just about any activity is how social media affects regular interactions. It can be difficult to discuss the digital effects without looping in social media. When it comes to the ramifications for the retail industry, a Deloitte study found that 56 cents of every dollar spent in retail stores today is influenced by digital interactions.
Diebold Nixdorf , the connected commerce technology company and Samsung SDS America announced they are teaming up to show how integrating advanced mobile technology — such as facial recognition — and the self-service channel can result in enhanced security and an improved consumer experience. In a press release the companies said they will jointly demonstrate the mobile-based biometric authentication approach at this year’s Digital Banking conference in Austin, Texas from June 12 to 14.
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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