Sat.Oct 03, 2020 - Fri.Oct 09, 2020

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Oracle, SWIFT Add Fast Cross-Border Payments For SMBs

PYMNTS

Oracle Banking Payments announced Wednesday (Oct. 7) that it is supporting SWIFT ’s latest service to speed effortless global cross-border payments for small- and medium-sized business (SMBs) and consumer markets. “We see great potential for banks that are competing against FinTechs and alternate networks when it comes to cross-border payments,” Sonny Singh , Oracle Financial Services’ executive vice president and general manager, said in a statement.

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The New Normal for FP&A: Scenario Planning

Jedox Finance

We are pleased to welcome renowned finance expert Mr. Brian Kalish back to the Jedox blog. In this blog, he explains why scenario planning is now more important than ever and, most importantly, what it can and can’t do. . For a recent article in the Wall Street Journal, “ Companies’ Financial Planning Comes Up Short in the Coronavirus Era ” I was asked how FP&A professionals could have predicted both the pandemic occurring and the scope and scale of its impact.

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Coaching for today’s nonprofit CEO

Capital CFO LLC

You know who you are. You are the dedicated and passionate CEO of a nonprofit. You exist and work in a demanding environment, almost in a silo, filled with challenges: […]. The post Coaching for today’s nonprofit CEO appeared first on Capital CFO.

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Moody’s: Investment grade firms will continue to show resiliency

Future CFO

While many companies ramped up borrowing to ensure they had adequate liquidity runways through the initial economic crisis, they now turn their attention to earnings growth and the ability and willingness of companies to pay down additional debt loads, said Moody’s Investors Service recently. As the pandemic persists, companies face new risks, including delivering adequate earnings momentum and cash flow to manage or reduce the debt accumulated during the early phase of this unprecedented global

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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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Pandemic Has Consumers Embracing QR Codes And Contactless Payments

PYMNTS

While the global pandemic has taken a toll on almost every business, consumer demand for all things touchless is surging — and has even been a driver of growth for QR codes. Although the 20-year-old technology has long enjoyed strong adoption in Asia (especially China), 2020 could go down as the year that U.S. merchants and shoppers fully embrace those ubiquitous square squiggly merchant codes.

Retail 144

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An introduction and high-level overview of the value of management reports [Part 1/4]

Creative CFP

The purpose of a management report is typically to gather data from the various parts of a business in order to report back to management on certain key performance indicators (KPIs). Business owners and stakeholders often rely on timely and relevant reports for strategic decision-making and goal setting. In a time when businesses and stakeholders are increasingly adapting to the automation and digitisation of processes, management reporting has begun to take on a new meaning.

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Survey: Global confidence at a three-and-a-half-year high

Future CFO

Global confidence improved significantly during Q3 of 2020 despite fears of a prolonged recession resulting from the current pandemic, said ACCA and IMA (Institute of Management Accountants) recently. According to the Q3 2020 Global Economic Conditions Survey (GECS) — done jointly by the ACCA and the IMA, while there may be some economic expansion late this year, there is increasing expectation that significant economic recovery will be pushed into 2021. .

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GAO Warns Of Aviation Cybersecurity Risks In Report

PYMNTS

A government report found that airplanes have a number of digital technologies that might become susceptible to hackers and says American regulators have not put sufficient methods in place to contend with the risk, Bloomberg reported. Entertainment systems, wireless networks, technologies that send information back to earth without intervention and position broadcasts are some of the complex digital infrastructure on commercial airliners.

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5 Shocking Mistakes Killing Your Bottom Line

KG Virtual CFO

No business can escape the dreaded task of bookkeeping. While it’s definitely not one of the more glamorous parts of the job, bookkeeping is at the heart of small business success, which means errors can be crippling. To avoid the financial headaches that come with bookkeeping mismanagement, it’s important first to be aware of the pitfalls that can ensnare you.

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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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Six Reasons to Start Your Own Investment Management Firm and Six Factors to Consider before You Do

CFA Institute

Starting your own firm will not be easy. So keep these considerations in mind before you make the leap.

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PodChats for FutureCFO: Moving up the FP&A maturity curve

Future CFO

As organisations progress in their digital transformation journeys, CFOs are making structural changes to their finance departments, These include weaving together a mix of shared service centres, centres of excellence, and outsourcing arrangements. They are also creating new opportunities for the remaining or “retained” finance function to add more value.

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Visa’s Phalen: Collaborative Commerce Is B2B Payments' Next Act

PYMNTS

The late Harvard Professor Clay Christensen was and is famed for the “jobs to be done” theory of business innovation. In a nutshell: Companies (and even consumers) “hire” goods or services to get where they want to go, to make progress, to satisfy goals. Kevin Phalen , head of global business solutions at Visa , told Karen Webster that the consumerization and the digitization of the B2B space are enabling firms to get the job — moving money — done with efficiencies previously unknown.

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Mastercard: The Touchless And Caring Economies Are Boosting P2P Adoption

PYMNTS

Consumers seeking out low- to no-touch payments options amid public health concerns have combined with an uptick in charitable donations and tips to boost the comfort with peer-to-peer (P2P) payment platforms, Silvana Hernandez , senior vice president of digital payments at Mastercard , told PYMNTS. Hernandez added that while there was no way to predict or prepare for the pandemic, she’s pleased that the existing payments infrastructure was in place for consumers to leverage — particularly durin

Leverage 135
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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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Robinhood Reports Potential Hacking Incident

PYMNTS

Online brokerage Robinhood , which offers a suite of tools aimed at making investing easy and comparatively cheap for the uninitiated, said on Friday (Oct. 9) that hackers may have gained information about customers' personal email accounts, Reuters reported. The wire service said a Robinhood statement indicated that the company’s internal systems were not compromised and that they are “actively working with those impacted to secure their accounts.”.

Valuation 134
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Moving The Business Payments Focus From Price To Process

PYMNTS

In the wake of the pandemic, B2B payments have had to evolve. But in an interview with PYMNTS, Mary Beth Joiner , senior vice president of relationship management at Comdata Corporate Payments, said that there have still been pockets of resistance in making the great digital pivot. While, pre-pandemic, corporate executives had been focused on price — the costs involved in shifting to digital payments — now they are more focused on two other “Ps,” which would be process and pain, which create cos

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Hackers Hit Mobile Money Payments Processor In Uganda

PYMNTS

Ugandan police are investigating the hacking of a third-party processor of phone-based transactions, Bloomberg reported, that affected MTN Group and Standard Bank Group 's local units. Charles Twine, spokesman for the Criminal Investigation Department, said the hackers had gotten into the mobile money systems and stolen funds, according to Bloomberg.

Banking 129
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Venmo's Esch On Designing A Cool Physical Card For Mobile App Users

PYMNTS

Credit card launches happen a lot, and tend to blend together after a while, particularly for payments peeps who keep a close eye on such things. But Venmo – which dropped its first credit card for consumers on Monday (Oct. 5), issued by Synchrony and powered by the Visa network – is aiming for something different than just another card launch. Darrell Esch , Venmo’s senior vice president and general manager, told Karen Webster in a conversation shortly before the launch that Venmo is trying to

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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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Clearing Up Instant Payments No ‘Stop Payment’ Confusion

PYMNTS

Consumers love the opportunity to get paid instantly when they can. After all, who doesn’t want to get their money faster? . But with innovation comes risk — and anything that consumers use will always attract fraudsters looking to steal a cut of the action. . Ingo Money CEO Drew Edwards told Karen Webster that instant payments pose just such an attraction to fraudsters who hope to not only exploit security holes to get paid, but to get paid faster than ever before. .

Education 122
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James Bond’s License To Close Movie Theater Chains

PYMNTS

The past six months have been unquestionably difficult for movie theaters. First, they got shut down in early spring by mandated closures that lasted in many places until nearly summer’s end. Now they’re finding customers slow to return even as cinemas reopen — which in turn has made movie studios slow to release their biggest (and most expensive) blockbusters to run in mostly empty theaters.

Sales 123
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Burger King, Steak-umm And Next-Level Social Media Marketing

PYMNTS

Brands have flocked to social media in an attempt to meet their consumers where they are and display a different side of themselves. Social media can be a terrific place to build bonds with one’s customers and show off a clever, avant-garde sense of humor – if a brand is good at it. And every once in a while, a brand does social media so “next-level” that seemingly the entire online world notices.

Marketing 121
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FinTech Cloud Technology Fuels Banking Innovation

PYMNTS

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. In addition, Monese adopted Thought Machine’s cloud banking platform. Also seen in this week’s roundup of the latest in Bank-FinTech innovations was Alacriti teaming with The Clearing House on real-time payments (RTP), while Singapore Banking-as-a-Service (BaaS) startup RootAnt concluded a seed round with $1.46 mi

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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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Amazon Halo’s Effect On Healthcare Payments

PYMNTS

The consumerization of payments continues. And it may be enough to fix what ails healthcare. In an interview with Karen Webster, John Talaga , executive vice president and general manager, healthcare at Flywire , said healthcare firms are getting creative with the ways they grapple with collecting on what patients owe — and closing revenue and cash flow gaps.

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Helping SMBs With Cash Flow Management — And PPP — On The Go

PYMNTS

For small- to medium-sized businesses (SMBs), better cash flow management through mobile app? To that end, Monit said last week that it is rolling out its mobile finance platform to help give smaller firms more visibility into cash flow management. The app works across browsers deployed across tablets, mobile devices or desktops. In terms of mechanics, enterprises using the platform can receive cash flow predictions with dynamic cash flow views and customized suggestions how best to use funding

Leverage 118
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How SMBs Could Edge Out eCommerce Giants This Holiday Season

PYMNTS

With the holiday shopping season set to kick into high gear with Amazon Prime Day on Oct. 13-14, online merchants in America and beyond are preparing for the earliest, most aggressive selling season ever. Kenny Tsang , managing director at cross-border payments service provider PingPong , told Karen Webster that merchants must be ready — and must execute well.

eCommerce 118
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VC Firm Greycroft Raises $680M In Search Of Next Venmo, Subscription Startups

PYMNTS

Venture capital firm Greycroft , based in New York and Los Angeles, has raised $680 million to fund new startups, according to Bloomberg , looking for "the next Bumble or Venmo.". The firm plans to invest $310 million in early-stage startups and $370 million in growth-stage startups, the report stated. Axios Media , mobile games publisher Scopely and the Gwyneth Paltrow-started lifestyle startup Goop are all among Greycroft's existing profile.

Startups 117
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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.