Sat.Apr 18, 2020 - Fri.Apr 24, 2020

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Texas Hotelier Nets $59M In PPP Loans

PYMNTS

The biggest benefactor of the Paycheck Protection Program (PPP) is a Dallas, Texas-based hotelier named Monty Bennett, who has received $59 million from the program intended to help small or medium-sized businesses with the economic crisis. Bennett is the chair of Ashford Hospitality Trust , which manages a number of hotels including Atlanta’s Ritz Carlton and the Marriott Beverly Hills.

Economics 136
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Extended Planning: Sales Performance Management

Jedox Finance

This week we are pleased to welcome one of our valued Jedox Partners in the USA as a guest to the Jedox Blog. Headquartered on the West Coast, Spectrum Technologies’ shares their unique insights on a fast-growing sector of enterprise performance management in our new 2-part series. Sales Performance Management (SPM) is defined as a set of operational and analytical process to help align selling resources with business priorities.

Sales 52
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Trending Sources

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Not Everything That Counts Can Be Counted

CFA Institute

There may be no formal approach to stakeholder value maximization, but we all practice it in our daily lives.

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Improving disaster and crisis management

Future CFO

“When asked what areas need to be improved after any crisis or emergency, respondents will inevitably list “communications” as one of the most important areas for improvement. “Communications” is, of course, a broad topic; however, there is one comment that is universal: “Communication needs to be more timely.”. When surveying our client population, we often find that timeliness of communications is one of their biggest issues.

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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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IRS $1,200 Stimulus: Why Your Check Is Not In The Mail

PYMNTS

If your $1,200 federal COVID-19 stimulus payment has been deposited into your bank account by the Internal Revenue Service (IRS), consider yourself one of the lucky ones. An IRS spokesman told PYMNTS that only about 80 million payouts – about half of the expected total – had been issued as of last Friday (April 17). That leaves many taxpayers waiting, but the spokesman couldn’t provide a schedule of when payments will be issued.

Economics 130

More Trending

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She’s the Boss of Her Money: Four Trends in Women’s Online Investing

CFA Institute

Four fintech innovations are providing forums for women to get started as investors.

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APAC’s journey towards environmental responsibility

Future CFO

In 1994, British management consultant and sustainability guru, John Elkington coined the phrase " triple bottom line " to measure performance in corporate America, working on the premise that a company can be profitable and also socially and environmentally responsible. According to Investopedia. in the triple bottom line (TBL) there are three bottom lines,– profit, people and the planet, instead of one bottom line – profit.

CFO 52
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Royal Bank Of Canada Rolls Out Digital ID Verification For Account Opening

PYMNTS

COVID-19 has changed daily routines around the world as more consumers have had to stay at home, only venturing out into public for necessities. This is leading companies of all kinds to navigate how to reach them remotely. Financial institutions (FIs) are among the entities that are working to securely meet clients where they are through mobile and online channels to complete tasks that would more often be completed in person.

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Discussion of McKinsey's Implications for Business

Adam Kae

Happy Thursday! The weekend is almost here, and we can wave another week goodbye. As we make it through this month, we continue to get used to the new “normal” that COVID-19 has compelled onto our lives. Here at , Adam Kae & Associates , we strive to help our clients succeed with changing conditions. We took a look at McKinsey’s executive briefing they released last week: COVID-19: Implications for Business.

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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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Terra Firma: How ETFs Helped Stabilize a Stressed Bond Market

CFA Institute

What role have exchange-traded funds (ETFs) played amid the current coronavirus-driven market stresses?

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How accountants can navigate the new work world

Future CFO

Global trends are transforming work and reshaping the future of the accountancy profession while the coronavirus pandemic is hitting the global economy in unprecedented ways. Pulkit Abrol, Market Director, ACCA ASEAN & ANZ shared with FutureCFO how accounting and finance professionals can navigate the changes and challenges, and how their employers should respond and help them in their careers.

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Restaurant Chains Feast On Millions From PPP Program

PYMNTS

The hospitality group behind Ruth’s Chris Steak House — operator or franchiser of 159 restaurants — showed a profit of $42 million on $468 million in revenue in 2019 and a workforce topping 5,000, according to The Wall Street Journal. Yet, the company is one of many big conglomerates that bagged forgivable loans from the government’s $350 billion Paycheck Protection Program (PPP).

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The Race To The Cloud: Will Digital Banks Win?

PYMNTS

Financial institutions (FIs) are feeling the pressure to offer increasingly personalized, digital-first services to keep customers satisfied. Crafting the seamlessness customers want means FIs are overhauling their digital infrastructures to enable access to fast, interactive and engaging banking experiences. More banks are therefore moving away from legacy core systems to embrace cloud-native architectures to power automation and meet the speed expected by consumers, securely.

Banking 105
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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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PPP Loans Could Trigger Treasury Investigation

PYMNTS

Companies that received Paycheck Protection Program (PPP) loans could face investigations if they did not meet the criteria for coronavirus relief, U.S. Treasury Secretary Steven Mnuchin said on Wednesday (April 22). “I think a lot of these big companies, it is questionable whether they could make that certification,” Mnuchin told FOX Business. “I think they should review it.”.

Treasury 103
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Stemming The SIM-Swapping Tide In Fraud Friendlier Times

PYMNTS

While being the victim of fraud is never good, there is something to be said for at least being able to identify where exactly one went wrong. Clicked the wrong link in an email, trusted the wrong authoritative voice on the other end of the phone, downloaded the wrong app hiding a malicious little piece of malware. It doesn’t make the resulting data theft any more pleasant, but at least one can hope to learn something and resolve to do better in the future.

Numbers 101
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SoFi Deals Point To Question: ‘Just What’s a Bank?’

PYMNTS

The rise of FinTech, the increasing globalization of finance — and even ravages of the coronavirus, which is making us all bank and transact across phones — all have pointed to one simple, urgent question: Just what is a bank, anyway? We wouldn’t go so far as to say an existential crisis is in the works. But we would state that deal by deal, partnership by partnership, the evolution of the centuries-old industry is one that is quickening and is likely to be shaped at least in part by the current

Banking 100
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Why AI’s Early Adopters Are Laser-Focused On Credit Risk And Payments

PYMNTS

There is a great deal of economic uncertainty in the world today, as many banking managers and executives are acutely aware. These circumstances have brought to the fore what has long been a central concern for lenders: assessing and managing credit risk. This vital task is complicated even in normal times due to the multitude of financial risk factors in play at any given time.

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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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Deep Dive: How Banks Use Digital Technologies To Outlast The Coronavirus

PYMNTS

The coronavirus outbreak is still ravaging countries worldwide, but it has not eliminated consumers’ and businesses’ need to transact, finalize complex arrangements like trusts, or speak with their bankers about financial products. Financial institutions (FIs) are thus confronted with having to serve customers who can rarely venture outside amid stay-at-home and quarantine directives but may need to visit physical branches to complete certain actions.

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Oxford, Mastercard To Launch Online Course On Digital Ethics, Privacy, AI

PYMNTS

A partnership between The University of Oxford , Saïd Business School and Mastercard will launch an online education program to teach business leaders about the strengths and perils of the modern day internet. Called the Oxford Cyber Future Program , the six-week class will cover artificial intelligence, cybersecurity, threat analytics, data privacy and digital ethics, a press release states.

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Payments Startup Paay Left 2.5M Credit Card Info Exposed

PYMNTS

Paay, a startup credit card database storing millions of transactions, has been unsecured for weeks and only now closed again, according to a TechCrunch report. The database works with other payment processors, verifying payments to make sure there is no fraud going on for outside vendors. Paay’s mistake was not having a password installed on its server, which allowed anyone to see the data inside.

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Western Union Broadens Cross-Border Real-Time Money Transfers

PYMNTS

Money transfer firm Western Union has further expanded its global network for real-time payments and transfers to 50 additional countries when paid into certain banks and digital wallets. Hikmet Ersek, president and CEO of Western Union, said the company has been stepping up the expansion of its digital money transfer capabilities, which is especially important “given the critical nature of money movement” during the coronavirus pandemic.

Banking 96
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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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Picking The Gig Economy’s Winners And Losers

PYMNTS

In some ways, the rapid onset of the coronavirus pandemic in the U.S. and around the world has meant massive changes for the gig economy — both for the platforms that power it and the workers that staff it. But the effects of those changes complex and nuanced, Wonolo Head of Supply Monica Plaza noted during PYMNTS’s latest On The Agenda conversation with Payoneer CEO Scott Galit; Roadie Founder and CEO Marc Gorlin; and Karen Webster.

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Helping Entrepreneurs Reimagine A Borderless Economy

PYMNTS

While the digital age has opened up doors for businesses to expand internationally, it’s a bit misleading to say that it’s easier than ever for small firms to step foot into new geographic markets. Online-native companies and the cloud-based applications they run on have indeed lowered barriers for small and medium-sized businesses (SMBs) to connect with customers, business partners and even employees across borders.

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Ripple Files Lawsuit Against YouTube For Not Removing Crypto Scams Fast Enough

PYMNTS

Ripple announced on Tuesday (April 21) that it is filing a lawsuit against YouTube , alleging that the popular video platform isn’t doing its due diligence to identify and remove crypto-related scams, according to a company blog post. Ripple said it wants to protect its customers from disingenuous online giveaways and impersonations pretending to be from the company.

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Getting The Plumbing Ready For Banking-As-A-Service

PYMNTS

In times of turmoil, you go toward whom you trust. The coronavirus pandemic — which has forced all of us online — is exposing just who in financial services has embraced digitization, and who is truly digital native. We now must bank entirely online, by necessity. And many of us must transact entirely online, by necessity, to get the goods and services we need on a daily basis.

Banking 92
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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.