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In eCommerce news: The tug-of-war game just got a bit tighter, and Amazon may be in the crosshairs. Walmart’s Jet.com is helping to push the envelope with its new “ try before you buy ” approach. Approximately 300,000 online product samplings and exclusive offers will be included in monthly eCommerce packages. Through this new promotional effort, Jet.com is hoping to enhance its customer engagement process and is likely to continue to increase its status as a tier one eCommerce company.
Treasury & Risk. A new U.S. accounting standard that makes it easier to account for hedges is likely to encourage more corporates to hedge. The Financial Accounting Standards Board voted last month to finalize the new hedge accounting standard, and the final standard is due out in August. Companies interested in using the new standard won’t have to wait long.
That includes representing the organization with customers, partners, and other external stakeholders. What’s driving these changes? What new skill sets does this require? Are we asking too much of CFOs? This was the topic of a recent article published by Insight Magazine , including comments by Planful own CFO Ian Charles , and others. Are We Asking Too Much of CFOs?
The digital retail revolution is well underway. Fusing technology into in-store experiences has officially gone mainstream, and retailers are looking for ways to go beyond the traditional mobile app. As we’ve reported in the past, places like Sephora have installed various tablets with embedded augmented reality (AR) features to help customers pick and choose what makeup shades look best on their skin tone.
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
In a classic scene from the 1967 Mike Nichols film The Graduate , protagonist Benjamin Braddock is pulled aside and given advice for his future that can be condensed to a single word: “Plastics.” If the film were remade today, it’s not hard to imagine that one-word piece of advice would be “APIs” instead. To address customers’ needs as commerce goes digital, financial services giant Mastercard is weighing the benefits of APIs over plastic after several decades of heavy investment in the latter.
Selling goods across borders is a big opportunity for small businesses in the U.S. and around the world. That’s not lost on them. The trouble is in how to get started — so most just don’t. According to new figures released by PayPal about the growing digital footprint of American SMBs in the global digital marketplace, less than 5 percent of all U.S. small businesses import.
Selling goods across borders is a big opportunity for small businesses in the U.S. and around the world. That’s not lost on them. The trouble is in how to get started — so most just don’t. According to new figures released by PayPal about the growing digital footprint of American SMBs in the global digital marketplace, less than 5 percent of all U.S. small businesses import.
Searching for a different kind of lodging or the perfectly priced graphic designer to help give a startup the right look? These days, the best place to look may just be on an online platform. The July PYMNTS Payments Powering Platforms Tracker™ , powered by WePay, features a roundup of last month’s headlines on how payments are powering new businesses in industries from freelancing to financing, and everything in between.
Working in the ATM business can be dangerous. From potentially getting robbed when reloading the ATM with money to installing the heavy machine, it’s possible to sustain severe injuries. However, it’s being reported out of Corpus Christi, Texas, that a repair man accidentally locked himself inside an ATM he was working on. The room located behind the machine that allows workers to repair it was the place where the man was stuck.
B2B FinTech venture capitalists are finally in the full swing of summer, with one of the hottest weeks in the industry so far. More than $167 million was funneled into the industry, with the enterprise cybersecurity space taking home the gold for most money raised. But — surprise! — one startup operating in a B2B FinTech industry rarely seen on the VC roundup landed the second-largest investment round of the week.
Albertsons still wants to go public, two years after first mulling and tabling an initial public offering, Bloomberg reports. Yet once again, the grocer is going to have to put that dream on hold as it struggles to get its same-store sales back into the black. Same-store sales dropped into the negative in fiscal 2016 and have yet to recover. It’s not doing Albertsons any favors that, between the popularity of grocery pickup and delivery services, cheap groceries at Walmart and the debut of Germa
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
Electronic procurement and the rise of a B2C-like shopping experience for corporate buyers has turned the buying process into a strategic function for many organizations. But for others, simply digitizing the procurement process in the first place remains a challenge. Government procurement is struggling to streamline and automate many tasks, forcing some executives to feel overworked, new research finds.
Who doesn’t love a free trial? PYMNTS CEO Karen Webster knows a guy who loves them so much that he keeps an Excel spreadsheet outlining how he will eat for free for the next year using trials of meal kit delivery services. That’s great for the guy, but someone is paying for those meals. Somewhere, those unconverted free trials are getting rolled into an astronomical acquisition budget that those companies are paying to win over new customers.
The WannaCry ransomware in May crippled hospitals, railways and government in more than 150 countries: the biggest cyberattack on the books, affecting hundreds of thousands of computers. Few paid up, but with systems down for days or weeks, bottom lines certainly suffered regardless. A month later, the Petya worm exploited the same Microsoft Windows vulnerability – both despite the fact that Microsoft had patched the bug in March.
The eCommerce battle between Amazon and Walmart has been brewing for quite some time, with each of the online retail giants working tirelessly to expand its reach. The consumer shopping environment is evolving, and Amazon and Walmart seem to be leading the charge. Following Nike’s decision to sell on Amazon and Walmart’s announcement that Jet.com would be working with BrandShare to send more than 300,000 samples in its monthly packages, the lines have clearly been drawn in the compet
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.
Amazon’s Echo is getting an overhaul for the first time in more than two years since the voice-activated speaker powered by virtual assistant Alexa hit the marketplace. According to a news report in Engadget , citing an unnamed source, the eCommerce giant is working on improving the Echo in an effort to steal some of Apple’s thunder with the HomePod, which is coming out later this year.
If the Data Dive can be said to have a theme this past week, that theme would be mobile. At least a bit, and at least in terms of two of the bigger headlines in the payments space. One was a big deal – literally…. Worldpay: OK, we all know the price tag by now: $9.9 billion. That’s how much Vantiv is ponying up to boost its presence round the globe in payments, with an eye on the U.K. and on Europe, branching from its U.S. home base.
Just a few weeks ago, the Global Payments Innovation Jury – a group of 70 payments executives across 37 countries – published a new report on the expected future of the payments industry. The report had some big news for B2B payments in particular: “Overall, the jury considers the business payments sector to have the best profit potential going forward,” the report stated.
From alcohol to food and more, there are a variety of delivery services available for today’s tech-savvy consumer. One of the more popular choices for on-demand delivery is in the alcohol industry, with the likes of Drizly, Thirstie and Swill. Los Angeles-based, alcohol delivery startup Saucey just announced news of its $5.4 million Series A round of venture capital (VC) funding led by Bullpen Capital.
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.
Accelerated payments initiatives like the U.K.’s Faster Payments Scheme (FPS) are only valuable when financial institutions and other players can actually access the service. That’s not so easy, even for the largest banks, says Steve Clarke, sales director for PayPort , the gateway service run by Vocalink to help financial institutions link into Faster Payments.
Visa wants SMBs nationwide to go cashless. It also thinks better education about the benefits of doing so is the key to making it happen. The multinational financial services corporation recently announced it is ramping up its educational efforts — particularly those directed at small restaurants — in hopes of offering a push toward the more efficient, cashless future.
The tug-of-war between Amazon and Walmart wages on in eCommerce news this week. As rumors start to spread of Amazon’s alleged blocking of other bidders in its Whole Foods acquisition deal, the eCommerce giant is ramping up on its Prime Membership numbers and sales. Meanwhile, Walmart’s Jet.com shared news of its new partnership with BrandShare to help provide samples in its monthly eCommerce customer packages.
Corporate travel is a necessity for companies seeking to expand their top lines and bottom lines and customer bases. It’s also a hotbed of inefficiency — as employees who have to travel feel that part of the trade-off for doing so is being comfortable while on the road — and racks up the dollars along the way, dimming profits. In the latest Topic TBD, Dan Ruch, founder and CEO of Rocketrip tells Karen Webster that the key to saving corporate dollars comes down to finding out, illuminating and us
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Love is in the air, and wedding season is officially upon us. As brides try on dresses, flowers are picked and grooms are inevitably dragged to endless venues, the retail industry is also gearing up. eCommerce company Wayfair decided to dig into its registry data to uncover how the tastes of couples today are shifting from the baby boomer generation.
Shaping the future of retail is not a concept that shoots to the top of the list when the industry thinks of senior citizens. When it comes to senior citizens, the retail industry typically has reached out to share discounts , what stocks to buy or alerting them to various scams. SNL did a skit this year that specifically featured senior citizens and their interactions with Amazon’s Alexa.
The International Chamber of Commerce Banking Commission recently released a report that found an imbalance between supply and demand of trade finance services. Its Global Survey on Trade Finance, which surveyed financial institutions across 98 countries, found that 61 percent of banks say they face greater demand for trade finance than they can supply.
Experian recently reported that it has unveiled Text for Credit, a credit application initiated and completed via text message. The company said in a release that the methodology helps reduce application time and also eliminates the risk associated with paper-based processes. In one cited use case, an applicant “interested in taking advantage of a store credit card incentive” could secure the card using Text for Credit through his mobile device.
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.
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