Sat.May 30, 2020 - Fri.Jun 05, 2020

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Alabama Reopens And COVID-19 Cases Soar 300 Pct Month Over Month

PYMNTS

After Alabama reopened on May 1, the state has seen coronavirus cases surge by 300 percent month over month, with intensive care units (ICUs) at less than 4 percent capacity remaining and medical workers “exhausted physically and mentally,” Montgomery Mayor Steven Reed said on CNBC. Reed said his region has “improved marginally,” but that it is “not enough to get us out of this crisis moment.” “We can manage it, but we can’t sustain the trend that

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The art of traversing M&A in 2020

Future CFO

If you happen to read the Asia Pacific M&A Review 2020 by Herbert Smith Freehills you will easily conclude that the report while earmarked 2020 was written much earlier as there was no mention of any major macroeconomic disruption other than the percolating US-China Trade war. In contrast PwC noted that 1Q2020 saw many companies across Asia-Pacific (APAC) “pulling back from M&A activities, putting them on hold until the impact of the Coronavirus (COVID-19) outbreak becomes more certain.”

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3 Perspectives on Good Board Meetings

BlueLight

In the last article we wrote about structuring investor updates and how important these are in an unprecedented situation like COVID-19. Some startups are thriving in this situation and some startups are fighting for survival. Either way, the business environment is changing rapidly and this typically means startup founders and their boards are communicating much more frequently than in a “business as usual” situation.

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The benefits of continuous planning

Jedox Finance

We are pleased to welcome one of our valued Jedox Partners in the USA as a guest to the Jedox Blog. Headquartered in North Carolina, FutureView Systems shares their unique insight on the benefits of integrated continuous planning.

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Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.

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Bitcoin Daily: Nike Offers Crypto Rewards For Online Purchases; BlockFi Teams With Bitcoin Mining Pool On Lending, Financial Services

PYMNTS

Plutus , a British FinTech startup, is providing rewards via its credit card to customers who buy from the eCommerce store of Nike , Cointelegraph reported. The rewards are made with Pluton, the native digital currency of the company. Users can receive additional rewards by staking their digital tokens through the company’s app. Users have to utilize the Plutus Visa card as they shop through the web to get the benefit.

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Adam Kae vs Traditional Consulting Firms

Adam Kae

Like many other industries, it seems like business consulting is quickly becoming saturated. While there are many brilliant minds behind many of these companies, there are also many who simply don’t have the experience and expertise to drive your company to success. Consulting is a $260 billion industry where 7.5% of the market is financial advising (like us!

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Jedox 2020.2: Streamlined user management and new configurable login page

Jedox Finance

Jedox 2020.2 version brings new capabilities for Jedox administrators to simplify user management, and task scheduling. New design tools enable customization of Jedox login pages to match corporate identity.

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Atlanta Fed: Real GDP Estimated To Fall 52.8 Pct In Q2

PYMNTS

Real gross domestic product ( GDP ) is projected to plummet 52.8 percent in the second quarter, according to the Federal Reserve Bank of Atlanta’s GDPNow as of Monday (June 1). The model, which offers a “nowcast” of the official estimate before its release, had forecast a 51.2 percent drop on May 29, according to an announcement. The nowcasts of real personal consumption expenditures growth for Q2 fell from a 56.5 percent drop to a 58.1 percent drop, and real gross private domestic investm

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Optimising cash flow to keep the business going

Future CFO

With many firms instituting remote work and typical finance management systems being disrupted, it is more crucial than ever to see and proactively manage employee spend. Accessing FutureCFO Premium Content. Welcome! To access Premium content and more, please login below. Not a Premium member yet? Register now for a free account! Username or Email. Password.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Budget vs Actual Variance Analysis

BlueLight

Last month, I wrote an article about the FP&A function of the CFO suite ( link ). For this piece, I’ll dive into a tactical analysis that is important to every CEO and CFO, the budget vs actual variance analysis. Source: Vena Solutions What is the Budget vs Actual Variance Analysis It is a comparison of your company’s planned financial performance (budget) compared against the final financial results (actual) for a given time period.

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Conquer the sales planning riddle!

Jedox Finance

A riddle is by definition a confusing or difficult problem or question. But ask a sales executive for an example of one rather than a definition, and it’s very likely that they will bring up the sales planning process. The importance of sales planning is not in question. Regardless of the industry sales executives are [.

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MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

PYMNTS

Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It is one of the region’s fastest-growing companies, having just turned in a stellar first quarter in a region that has more complexities than any of its northern neighbors.

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Considerations for the best in the Procure-to-Pay marketplace

Future CFO

Technology continues its rapidly evolution as it tries to match the pace of change in the business environment. With this evolution comes complexity and an increasingly competitive marketplace. The Gartner Magic Quadrant is positioned as the first step towards understanding the some of the technology providers for consideration when organisations are investing in a specific technology.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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The Half-Life of Financial Knowledge: Glorification of Change vs. Innovative Specialization

CFA Institute

What is the half-life of financial knowledge and how can professional investors win the race against it?

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The Machine Learning Fix For Healthcare Disbursement Delays

PYMNTS

Financial institutions (FIs), businesses and healthcare providers are adjusting their operations to suit the new reality that the COVID-19 pandemic has caused. Healthcare provideers, for example, are turning to telehealth solutions to service patients for routine appointments as to keep those individuals from entering hospitals or doctors’ offices and risking exposure.

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Cloud Computing Takes On The Legacy Issue

PYMNTS

Isn’t it surprising to know that 70 percent of financial institutions are just now adopting cloud computing solutions? Or how about this fact: over 90 percent of the world’s top 100 banks still use physical mainframes running 20th century style. So, what’s holding up the upgrades? It’s that old devil, legacy, and a smidgen of caveat emptor on the part of upgrading banks.

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How To Reopen The Workplace: Digital Test Results And Blockchain

PYMNTS

Daily life has been upended by the coronavirus. And where there is uncertainty there is fear. Fear of who’s got the dreaded virus and who may look completely asymptomatic — and who, unwittingly, may be putting countless other people at risk. Shane Bigelow , CEO of Vital Chain , which uses blockchain to help individuals download and control how healthcare data is used — including COVID-19 test certification — told PYMNTS in a recent interview that digital certificates can go a long way toward reo

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Planning Your Restaurant's 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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Why ‘Privacy By Design’ Is Mobile Apps’ Next Big Thing

PYMNTS

After some three months of keeping consumers at home, governments around the world are beginning to let people publicly mix again — albeit in a modified fashion that involves wearing masks, keeping socially distant and limiting crowded indoor locations. The big question is how to make sure infection rates and hospitalizations don’t skyrocket. As CEO Jon Prideaux of mobile payments and identity platform Boku noted in a recent conversation with Karen Webster, China, South Korea and Singapore are u

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Real-Time Payments’ Real-Time Achilles Heel

PYMNTS

The role of application programming interfaces (APIs) in banking and B2B payments has grown progressively larger over recent years, especially overseas. The United Kingdom has more than 200 providers developing APIs , for example, and these developers made 200 million requests for bank data via APIs just in January. These APIs are constantly threatened by fraud, however.

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Western Union Eyes Buying MoneyGram

PYMNTS

Western Union could be looking to acquire MoneyGram in a transaction that would unite two of the country’s largest money transfer services, according to Bloomberg. Western Union has made a takeover offer to MoneyGram, but nothing has been made official, Bloomberg reported, citing a source who asked not to be identified. MoneyGram has been struggling during the pandemic, with its physical locations having to close around the world as governments impose stay-at-home orders.

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Lyft Rides Up In May From April But Still Down 70 Pct YOY

PYMNTS

While Lyft’s ride counts are rising from the worst parts of the pandemic, they’re still down 70 percent from a year ago, CNBC reported. Lyft’s ridership, affected as other such companies have been by the pandemic, was up 26 percent in May compared to April, a regulatory filing said. These numbers are among the first companies have offered as states have begun to reopen after the worst of the pandemic.

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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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Pandemic Leads To Short-Term Rental Sell-Off

PYMNTS

The coronavirus pandemic has many smaller property owners looking to unload their properties to save money, which could lead to big owners seeing a market ripe with purchasing opportunities, according to a CNBC report. The companies on the defensive right now also include venture capital-backed rental companies and vacation rental apps like Airbnb. The U.S. travel economy has taken a decisive $195 billion revenue shortfall since March when the pandemic began, according to CNBC, which cited a rep

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albo Launches New Business Banking Service albo empresas

PYMNTS

Mexican banking FinTech albo is now offering business banking services in addition to the individual services the company has provided previously, according to news site Contxto. The service, called albo empresas, or albo business, attempts to address the problem of businesses losing time by making payments. Through albo empresas, businesses can receive money, make transfers, disperse funds and keep track of their dealings through reports that show the financial health of the company.

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Fostering FinTech-FI Trust With Data-Driven Security

PYMNTS

Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. Providing robust services via mobile channels is especially important now, as the COVID-19 pandemic has caused businesses to operate remotely and consumers to stay at home as much as possible.

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Grocery Delivery Now Available Through Google Pay In India

PYMNTS

Google users in India can now order groceries for delivery from startup Dunzo , allowing the tech giant to effectively enter into the Indian delivery market, according to a BGR report. The service can be used through Google Pay without having to download another app. The partnership will work for both companies, allowing Google to use Dunzo’s on-the-ground services, while Dunzo will reap the benefits of Google’s Pay app, which has over 67 million users in India.

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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.