Sat.Oct 10, 2020 - Fri.Oct 16, 2020

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PayPal Invests In Extend As Merchants Seek New Ways To Boost Online Conversion

PYMNTS

As the shift from paper to digital has accelerated the transformation of many a legacy business with aging tech, CEO Woodrow Levin of Extend says it’s important to add extended warranties to that list. Merchants used to have a tiny conversion rate when offering customers extended warranties by paper, and that only got a little better when they switched to POS systems.

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That’s a wrap on DigitalCPX! See our favorite moments from week two

Anaplan

And just like that, we’ve officially wrapped DigitalCPX 2020! We had a blast working with our customers, partners, and community to make this event a success and are grateful to all involved. Our second week of DigitalCPX included thought-provoking keynotes, insightful conversations with our solutions leads and customers, and the announcement of new technology and […].

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Trending Sources

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CFOs: The risk of change fatigue among employees has doubled

Future CFO

The amount of change that the average employee can absorb without becoming fatigued in 2020 has been cut in half compared to 2019, said Gartner recently. Amid worries about the economy, job security, their health and the health of their loved ones, employees’ capacity to take on change in the workplace has plunged significantly, the advisory firm noted.

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A business owner’s guide to understanding and working with the profit and loss statement [Part 2/4]

Creative CFP

The profit and loss statement (or P&L in accounting jargon) is arguably the central management statement for most SMEs, recording the majority of operational activities over any period of time, usually monthly. Ranging from the total revenue received to all the expenses incurred by the business over the period, the P&L is a treasure trove of information for any business owner.

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Planning Your Restaurants Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Crypto Gets A Second Look From Corporate Investors Seeking Yield And Hedge

PYMNTS

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept. 21 landmark announcement that allowed national banks and federal savings associations to hold certain crypto assets for the first time.

Treasury 129

More Trending

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5 proven tips for implementing rolling forecasts

Future CFO

If you’re confident rolling forecasts would be a useful tool to add to your organization’s existing FP&A toolbox, check out our five tips for implementation. If you have not yet read our previous posts, these questions will help: How big is the gap between your actuals and plan data at the end of the year? Quite large, but you don’t know why? Rolling Forecasts can be used to find out why.

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A real life story – Cleanshelf

CFO Plans

By Casey Gillam – Sales Manager at CFO Plans Inc. Every company has a story. An idea that started in someone’s head, a vision that gained momentum, an answer to a need, a path to execution. They have a life of their own with a birth, an education, periods of growth and decline, and, for some so far, a death. And the individuals running companies contribute to that story with their dedication to the craft, daily decision-making and long-term strategies, perseverance through the tough times, the a

CFO 52
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How To Capture The Consumer With Digital Wallets In Their Purses And Back Pockets

PYMNTS

In a time of increasing change for retailers and consumers, the current global climate has begun accelerating the future of retail trends at a much quicker pace than previously envisioned. However, one thing still rings true: Consumers need a reason to change ingrained behaviors. Helena Mao , vice president of global product strategy for payments at Blackhawk , spoke to PYMNTS, explaining why many consumers were slower to adopt the rollout of mobile wallets and payment methods in places like the

Retail 126
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Protect Your Business by Building an Emergency Fund… like TODAY

KG Virtual CFO

Emergencies do happen, and while they may range in scale and scope, business leaders and individuals alike are caught off guard in the chaos. The scary fact is that whether an incident is natural or human-caused, if you’re unprepared, your business and even personal well-being could suffer. An emergency fund is money set aside as a cash reserve for your business.

CFO 52
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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Will finance become 100% digitalised?

Future CFO

We have been talking about Digital Transformation in Finance for ages. Some have come far on the journey while others are still struggling. Having just gone through a global crisis that saw everyone working remotely and using digital tools makes this transformation more relevant than ever. Right now, we are looking at two almost extreme cases: On one hand, we are at a stage where the transformation can be completed because of all the tools are readily available.

Finance 52
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Marko Papic: Geopolitical Forecasting in Volatile Times

CFA Institute

Marko Papic believes investors can prepare for geopolitical events and beat the market while they’re at it.

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Why 2021 Will Be Real-Time Payments Break-Out Year

PYMNTS

It’s been three years since The Clearing House rolled out its Real-Time Payments (RTP) network, but Mark Ranta, payments practice lead at Alacriti, tells PYMNTS that 2021 will be the year FIs migrate to the technology in record numbers. Only if, he says, there’s better alignment between the bank bill-pay model and the biller-direct model. Here’s why. .

Education 126
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The New Normal for FP&A: Forecasting

Jedox Finance

For many organizations, the onset of the global health crisis has been like a bank of fog rapidly and unexpectedly engulfing a ship at sea. Suddenly your tried and true navigational skills and processes and the way you have always assessed risks and opportunities has been taken away from you. You must rely on new ways to pilot the ship to a safe port.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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PwC: Blockchain to boost global GDP by US$1.76 trillion

Future CFO

Blockchain technology has the potential to boost global GDP by US$1.76 trillion over the next decade, PwC said recently. Through analysis of the top five uses of blockchain , ranked by their potential to generate economic value, a recent report by PwC gauges the technology’s potential to create value across industry, from healthcare, government and public services, to manufacturing, finance, logistics and retail, the auditing and consulting firm noted.

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Time’s Up for the IRR: Resetting the Clock on Private Equity

CFA Institute

The internal rate of return is dead. Long live the IRR.

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How Visa, FIS, TCH, SWIFT, Nacha and Circle See The Future of Faster, Real Time Payments Rails

PYMNTS

With the current state of economic upheaval, the ongoing pandemic and the great digital shift, corporates and financial institutions are racing to digitize and modernize payment flows and back-end processes. But the transition is one that must consider, and maybe even embrace, several emerging options and payment rails in a bid to move data and money more quickly across borders, and move, decisively, away from paper checks.

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EU Puts Up To 20 Firms On Regulatory Hit List

PYMNTS

European Union (EU) regulators are drawing up a list of up to 20 large internet companies, possibly including Facebook and Apple, to be targeted with far more strict regulations in the future to limit their market power, according to a report from the Financial Times (FT). Large platforms on the list will have to deal with the tougher regulations as opposed to smaller companies, such as new rules forcing them to share data and offer transparency on how they gather information, sources told FT.

Numbers 125
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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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Bitcoin Daily: Crypto-Themed Cruise Ship To Set Sail, Nigeria Eyes National Crypto Adoption

PYMNTS

“The Crypto Cruise Ship” is getting ready to depart from the Mediterranean and anchor in the Gulf of Panama, according to an announcement. The “MS Satoshi,” as the ship is to be named, is 804 feet and was bought rom a cruise ship company, according to the announcement. It will function as a “gathering place” for those interested in digital currencies or those who start businesses in addition to researchers, expats and digital nomads.

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Dropbox To Let Employees Work From Home Permanently

PYMNTS

Dropbox is the latest company to allow employees to work permanently from home, CNBC reported. The San Francisco-based company said Tuesday (Oct. 13) that it wouldn't require employees to come into the office even after the pandemic ends. In a blog post , the company said the shift to digital work, while jarring early in the year, has proven effective for many companies since.

Economics 117
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Mastercard: New Stride Partnership Is Just ‘First Step’ In Helping Gig Workers

PYMNTS

Mastercard has teamed with portable-benefits platform Stride to make it easier for gig workers to buy healthcare coverage. Jess Turner, Mastercard’s executive vice president for North America Products and Innovation, tells PYMNTS the venture is just one part of the firm’s push to help gig workers get benefits. With gig-economy participation rising and U.S. healthcare costs soaring, anything that can reduce the burden of medical expenses on the often-overlooked freelancers who are driving the dig

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Former NSA Head: Pandemic Increases Cyber Threats For Companies

PYMNTS

The country's former top cyber spy said the pandemic has created conditions that have left companies more vulnerable to cybercrime than they previously were, the Financial Times (FT) reported. Ex- National Security Agency head Michael Rogers shared the assessment prior to appearing at an event FT is hosting. Because so many employees are working remotely, Rogers told FT, "the attack surface has just exploded.".

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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Cambridge Global, Ripple Partner On Cross-Border Payments

PYMNTS

Cambridge Global Payments , a FLEETCOR company working on cross-border payments, has partnered with enterprise blockchain solution Ripple on a cross-border payment solution for B2B customers, according to a press release. Using RippleNet, Ripple's global payment network, the partnership will take advantage of the ripe market for cross-border payments, which a July Juniper Research study said will be worth $35 trillion by 2022, the release stated.

B2B 114
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Wells Fargo Fires Over 100 For Allegedly Collecting COVID Relief Funds

PYMNTS

Wells Fargo has fired over 100 employees for allegedly improperly collecting COVID-19 relief funds, according to sources quoted by Bloomberg. The staffers reportedly defrauded the Small Business Administration (SBA) by "making false representations in applying for coronavirus relief funds for themselves," according to Bloomberg. They reportedly applied for Economic Injury Disaster Loan (EIDL) funds in ways deemed fraudulent.

Economics 112
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China Drafts Updates To Commercial Bank Regulations

PYMNTS

As it aims to bolster methods of market exit and risk disposal for institutions that loan money, the central bank of China introduced a draft of updates to legislation applicable to commercial banks, Reuters reported. Runs on small financial institutions (FIs) in China have been on the uptick as of last year. In May 2019, the government took over Baoshang Bank in the first seizure of its kind in almost 20 years.

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Report: Hackers Hit 2,000 Robinhood Accounts

PYMNTS

A recent hack compromised around 2,000 Robinhood Markets accounts, suggesting the attacks were more widespread than previously realized, Bloomberg reported. After the attack last week, Robinhood only disclosed a few details, saying "a limited number" of customers had been affected and their emails outside of Robinhood had been the way they were hacked, Bloomberg reported.

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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.

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PayPal Expands ‘Pay Later’ Installment Credit To The UK In Time For Holiday Shopping

PYMNTS

There was already wide speculation before the pandemic about the U.S. economy’s future and how long the good times then underway could last. Ten years of largely uninterrupted growth had experts wondering when the next bump would come. But Greg Lisiewski , PayPal ’s vice president and general manager of consumer credit, told Karen Webster that while lots of people were trying to forecast the economy’s next phase, no one foresaw that a new virus would burn everything to the ground.

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Deep Dive: The Power Of Data Analytics And AI For QSRs In A Complex Ordering Environment

PYMNTS

Harnessing consumers’ digital information is critical to the success of any business, and data analytics and artificial intelligence (AI) can be especially powerful tools. Numerous quick-service restaurants (QSRs) have deployed these technologies to support their operations, tailor their customer service approaches and even boost sales, but many players, including several big names, have been reluctant to invest in such innovations.

Leverage 109
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Beautycounter Embraces D2C Innovation With Purpose

PYMNTS

No matter how innovative they are, companies still need to get paid. And not many companies this year have combined business model creativity with payments innovation more than Beautycounter. After starting the year by winning the top spot in Fast Company’s most innovative company for the beauty category, Beautycounter has followed with two payments deals – with Klarna and Canada’s PayBright – in an effort to keep themselves agile and engaged with customers.