This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to view the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. . This industry is on the cusp of some major innovation, too, as FinTechs roll out services that banks can offer to their own customer clients via APIs.
By Jacqui Drew, Director Solution Consulting at Reval. IFRS 9 is changing hedge accounting forever. A recent Reval survey shows that 70% of finance teams say that they have or will implement new hedging strategies as a result of the new standard. Still, adoption is happening at a different pace around the world. Early adopters in Australia, Japan, India, Switzerland, South Africa and Canada are already seeing the benefits of the standard.
Millions of users have become Excel devotees since its debut, with a significant following among finance and accounting professionals. There are many reasons to love Excel. It’s easy to use and the program has many fantastic features. That being said, it’s a poor choice for managing the financial close and reporting process. Why? (1) Excel isn’t designed for collaboration, (2) Excel is error prone, (3) spreadsheets are difficult to govern, and (4) spreadsheets lack data managem
The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to recognize the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. . This industry is on the cusp of some major innovation, too, as FinTechs roll out services that banks can offer to their own customer clients via APIs.
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
With hundreds of billions of dollars changing hands each year, B2B banking and payments is a big, big deal. According to industry research, the B2B payments industry moves roughly $550 billion each year, making up roughly half of the $1.2 trillion global payments market. . Despite all that exchange of funds in the B2B market, the banking industry has a reputation for being a bit behind the times technologically — and it may be justified.
LendingHome, the San Francisco mortgage company, is aiming to expand its market for loans by going after first-time homebuyers. According to a report in TechCrunch , LendingHome launched a new financing product that lets people shopping for a home get an interest rate estimate and apply over the internet, without having to fill out paperwork or deal with a loan officer who will typically ask a lot of questions and put would-be borrowers through all the paces.
LendingHome, the San Francisco mortgage company, is aiming to expand its market for loans by going after first-time homebuyers. According to a report in TechCrunch , LendingHome launched a new financing product that lets people shopping for a home get an interest rate estimate and apply over the internet, without having to fill out paperwork or deal with a loan officer who will typically ask a lot of questions and put would-be borrowers through all the paces.
Developing and deploying faster payments initiatives is top of mind for many countries around the globe, but making those talks a reality is a whole different story. In the U.S. market specifically, it’s up for debate whether the many faster payment schemes are actually complementary or conflicting. With so many initiatives at play, a schism has been created between creating entirely new infrastructure or building on top of what exists.
A new report from CyberEdge Group, a research and marketing firm serving the cybersecurity industry’s top vendors, has found that ransomware incidents are at an all-time high, with one-third of victims paying the ransom associated with an attack. A press release detailed the results of the fourth annual Cyberthreat Defense Report, which includes findings from 1,100 IT security decision makers and practitioners from 15 countries, six continents and 19 industries.
Financial regulations forced banks to pull back from small business lending in the wake of the financial crisis as pressure to reduce risk exposure increased. Risk mitigation is also behind massive regulations like KYC and anti-money laundering rules. So while SMEs have faced a tough journey finding a bank loan across the globe — and that includes major economies like the U.S. and Europe — small businesses and entrepreneurs in emerging markets find they’re being shut out of the bank lending mark
The Internet is so pervasive in our daily lives that a large-scale interruption would wreak havoc on the way we shop, interact and transact, in all corners of the globe. And, of course, the bad guys (that would be hackers, be they individuals or even state-sponsored teams) are always looking to take down huge swaths of the internet, costing companies, governments and individuals untold lost productivity and money.
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
Appthority, the global leader in enterprise mobile threat protection, today revealed that Uber’s ride-sharing app is putting sensitive personal and corporate data at risk. According to the press release , the app leaves users open to spear phishing, watering-hole attacks and widespread privacy breaches. Uber’s incomplete privacy policy, location tracking and “moving experience” are just a few of the issues that make the app susceptible to breaches.
Earlier this year, the Treasury Inspector General for Tax Administration reported that there was a reduction in the number of fraudulent tax returns identified between 2013 and 2015. On the other hand, around that same time the IRS released data showing that phishing and malware incidents in the 2016 tax season increased by 400 percent. Noting that the number of identified fraudulent returns was not indicative of the overall levels of tax fraud occurring, Digital Shadows set out to reconcile two
Coupa Software provides real-time analytics for pricing, assortment, demand and competitive metrics in the retail sector. The firm has had a big six months — in October the firm launched a successful IPO, which saw its shares more than double on its first day of trading. Analysts at the time said the strength of the IPO underscored investors’ appetite for technology.
Corporate spend management company Edenred is launching a new solution to help businesses gain greater visibility of their cash flow. The company said this week that it will roll out an accounts payable solution using a virtual card payment method, a solution, Edenred noted, that “offers security, speed and traceability” for easier supplier payments and reconciliation.
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.
Millennials as a generation are probably the most speculated and talked-about generation in human history. A reality that is not entirely unwarranted. There are 75.4 million of them, making the cohort born between 1981 and 2004 the largest living generation of Americans. They are also the first generation raised nearly entirely in the shadow of the internet — and are thus often called the world’s first digital natives.
Cross-border trade is far from simple, and for many SMEs, that complexity is crippling. Research from HSBC released late last year found that among all of the challenges small businesses face when looking to work with suppliers across borders, an overall lack of global business knowledge and experience is what’s truly holding these entrepreneurs back from a global stage.
Innovation in payments can happen in the blink of an eye. But so can an attack or threat from increasingly sophisticated cybercriminals. In order to keep payments innovation moving quickly and safely, Mark Turnage, CEO of OWL Cybersecurity , said it’s important to ensure information security remains at the forefront of the new products and services being introduced into the market.
AccelFoods, as the organization’s name suggests, is an accelerator that works to back early-stage food and beverage startup companies. Recently, said TechCrunch, the accelerator added $15 million to its second fund, which will, in part, be used to invest in startups at more stages of development. Lauren Jupiter, cofounding partner of AccelFoods, was quoted as saying that the accelerator’s new limited partners “are a mix of high-net-worth individuals, family offices and corporates with strategic
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.
It may seem at first glance that credit cards are no font of innovation. Cards are issued, cards are lost and cards must be cancelled, often to the headache of consumers and issuers alike. And in the latest Topic TBD, between PYMNTS’ Karen Webster and Aaron Frank, Final ’s CEO, it was noted that innovation typically is confined to rewards and offers and the incentives that can be sweetened to get cardholders to spend at merchants.
There’s more to thinking small than one might think. The key is this: don’t think “small,” think “focused.”. In fact, when it comes to FinTech companies, thinking “small” by focusing and serving a relatively small number of huge markets may provide the best opportunity to drive more impactful revenue with sustainable and profitable growth. David Weiss, president of YapStone , shared with PYMNTS some big misconceptions about market specialization.
The new Neiman Marcus store in Dallas-Fort Worth is both very much like — and completely different from — the 42 other Neiman Marcus stores scattered throughout the United States. As part of the Neiman’s family of stores, the core experience is consistent and familiar: high-end men and women’s apparel and shoes, handbags, jewelry, cosmetics, fragrances and gifts, lots of designer names (Prada, Ralph Lauren and Dolce & Gabbana are all particularly front and center in the new Fort Worth store)
Big Data and software as a service (SaaS) once again caught the attention of venture capitalists in the B2B FinTech space this week, but it was cross-border B2B payments that landed the most money. Investors at GV — formerly known as Google Ventures — participated in the rounds of two different startups in this space, which raised a combined $49 million in funding.
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.
The variety of Amazon private-label products continues to grow, adding convenience for brand-loyal Amazon Prime members and causing anxiety for competing eCommerce merchants. Recently, the online retail giant added a new product line to its Amazon Elements brand, which had previously sold only baby wipes (and a line of diapers for a short time back in 2015).
As more consumer buying patterns shift to the online world, retailers are also zeroing in on eCommerce. Through the use of combined in-store and eCommerce strategies, many retailers are staying afloat. However, that doesn’t mean the strictly online selling world doesn’t come encounter struggles. A new company looking to make a dent in the eCommerce landscape and alleviate online sellers’ woes is Amazon seller software OverGrowth.
Going on vacation with family, or groups in general, can be a trying experience. From packing clothes and shoes to securing the hotel and restaurant reservation, there are a lot of moving parts. In addition to all of these facets of the traveling process, those needing to bring extra items for people in their party that need assistance only adds to the stress.
A new device wants to make it easier for ridesharing customers to tip their drivers. According to TechCrunch , Pax is a seatback system that accepts tips in cash or credit card form. Its creator is currently looking to raise $50,000 on Kickstarter to launch the business. While many taxis already allow riders to tip with their credit card, Uber users pay directly through the app, which doesn’t allow its customers to add a tip (Lyft and other rideshare services do offer this option).
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.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
78 
Let's personalize your content