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With the holiday shopping season in full swing amid the global pandemic, online commerce is booming. Digital Black Friday sales this year hit $9 billion, a 22 percent increase from 2019 figures, according to recent Adobe research. And the surge in eCommerce isn't isolated to the B2C world, either: as social distancing requirements and shutdowns migrate corporate buyers online, wholesalers, distributors and other B2B vendors are likely to face a similar holiday boon this year to fulfill rising cu
We are pleased to welcome sales expert Markus Franke from Jedox partner BearingPoint to share his insights on sales planning in the era of Digital Transformation and provides an overview of how integrated sales planning can boost productivity in your organization. As a sales manager, it is more important than ever to set realistic goals for your team and to be able to track execution transparently.
Cash flow is the number one reason why small businesses fail, so managing your cash is essential. But disasters, like hurricanes or pandemics, can make it hard to keep the money rolling in. Luckily, programs like SBA loan assistance can help you maintain your business. You can get the funding you need as you recover from whatever disaster comes your way.
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 payments, speed is everything. So, it’s no surprise that in a fireside chat with PYMNTS Karen Webster, Visa ’s Alan Koenigsberg , global head of new payment flows at Visa Business Solutions; and Tim Summers , vice president of Visa Direct global segments and market development, said B2B payments between buyers and suppliers are poised to pick up speed as they travel round the globe.
It's that time of year again. It seems like we're always in the kitchen! Decorating sugar cookies is one of my favorite holiday traditions. While putting the finishing button-nose sprinkle on my snowman cookie, I started to compare the make vs buy differences in my head. So, I threw together this little comparison! Want to see the math yourself? Check out this Google Sheet: [link].
It's that time of year again. It seems like we're always in the kitchen! Decorating sugar cookies is one of my favorite holiday traditions. While putting the finishing button-nose sprinkle on my snowman cookie, I started to compare the make vs buy differences in my head. So, I threw together this little comparison! Want to see the math yourself? Check out this Google Sheet: [link].
Finance leaders must navigate both big and small changes to protect employees’ mental energy as the pace of change is wearing down members of their teams, said Gartner recently when releasing results of a survey with 499 finance and shared services employees in January 2020. “When employees go through periods of heavy change, particularly as we are experiencing this year with COVID-19, it takes more effort to meet the same expectations for timelines, quality and quantity of work,” said Tamara Sh
In what’s beginning to feel like something of a trend in recent years, the payments landscape has seen its latest big global consolidation. Italian payments processor Nexi SpA recently announced plans to purchase private equity-owned rival Nets A/S, creating Europe’s biggest payments firm by volume. It’s just the latest in a series of mega-mergers seen throughout the industry.
Creating and managing a personal budget is not difficult. It takes discipline and a good understanding of your expenses and how you spend money. Creating a budget plan and committing […]. The post Personal budgeting 101- how to create a budget appeared first on Capital CFO.
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
Professionals in Singapore believe that organisations are future-ready but there’s room for improvement, said Hays recently when releasing a survey report. While 40% of respondents in Singapore said they could confidently describe their organisation as future-ready — the highest such score in Asia, 39% indicated that there’s still room for improvement in terms of future-readiness, according to the report, which is based on a survey of more than 9,000 working professionals across Asia this year.
When Home Depot announced last month its plans to acquire HD Supply Holdings , it wasn’t just a sign of expansion for the home improvement retailer. The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations. It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market.
By Casey Gillam – Sales Manager at CFO Plans Inc. “Beer is proof that God loves us and wants us to be happy.” Whether Benjamin Franklin actually authored this quote or we’re just hopeful that he did, the sentiment remains that Americans have enjoyed consuming cold brews since the time this land became the United States of America. We hold this truth to be self-evident, that tasting the beer that you yourself brewed creates the desire to brew more and do it better.
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.
Editor’s note: For our Female Leadership in Finance Series, FutureCFO editor Teresa Leung recently had a chat with Sereen Teoh (pictured below), CFO at BIG Loyalty. Teoh shared with us her thoughts on some of the gender-related challenges at work and how to overcome them, advice on how to deal with the new normal as a finance executive, and how she reimagines borderless digital currencies as a “point junkie”.
Major U.S. retailers CVS and Walmart are readying to begin distributing COVID-19 vaccines, according to published reports. CNBC reported that CVS is ready to begin doling out the vaccines to the most vulnerable populations within 24 to 48 hours of receiving them. CVS CEO Larry Merlo said per CNBC that CVS has 10,000 healthcare professionals ready to administer the vaccines in nursing homes and assisted living centers.
Twitter has acquired Squad, a Silicon Valley startup that gives people the ability to hang out virtually with friends on other apps, Squad announced in a blog post and Twitter tweeted on Friday (Dec. 11). Squad will help Twitter “bring new ways for people to interact, express themselves, and join in the public conversation,” Twitter Vice President of Product Ilya Brown said in a tweet. .
While the COVID-19 pandemic will eventually come to an end, many of the changes it has brought will likely persist into the future. Digital has certainly advanced further and faster than anyone predicted at this time last year, and the ground that’s been taken is unlikely to ever be surrendered back, Helena Mao , vice president of global product strategy for payment solutions at Blackhawk Network , told PYMNTS in a recent conversation.
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.
Citigroup will be helping governments around the world establish sovereign digital currencies, or central bank digital currencies (CBDC), CEO Michael Corbat says, according to a report from CoinDesk. Speaking with David Rubenstein at a Bloomberg event on Friday (Dec. 4), Corbat said the development of such digital currencies was likely inevitable with the way money has been trending.
Bill.com and Wells Fargo are partnering on a new feature called Bill Manager to help small- to medium-sized businesses (SMBs) access automation for the accounts payable (AP) and accounts receivable (AR) process, according to a press release emailed to PYMNTS. Bill Manager will integrate cloud-based processes from Bill.com into Wells Fargo's digital banking service, the release stated, creating a paperless method for paying bills and offering "simplicity, visibility and control.".
Square is offering merchants in the beauty and wellness industry a point of sale (POS) tool that integrates appointments, payments and checkout for a streamlined, secure process. . Square Appointments is a front desk solution that works with the business payments processing tool Square Register. The app-based tool gives salon customers the ability to book their appointments online and also issues reminders.
The digital-first economy was huge factor in automotive sales this year, as evidenced by a new report from JD Power. The research company’s annual sales satisfaction index showed that decreased showroom traffic caused by COVID-19 shutdowns fast-tracked dealer adoption of digital selling tools. “The more shoppers are exposed to remote communication and actual online buying options, the more they may prefer these methods in the future over traditional showroom visits to wade through inventory and
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.
Lawmakers on both sides of the aisle continue to haggle over what should be in the next coronavirus stimulus bill, with the question of whether jobless workers should be entitled to months of retroactive employment checks likely to be one of many sticking points. Congress is poised to extend the deadline for a government funding bill by another week to pass a stop-gap funding measure, effectively allowing more time for stimulus negotiators to hammer out a deal, The Washington Post reports.
Although much of the 2021 holiday season will be very different than anything that came before it, some of the changes are easier to anticipate than others. Discussing the most recent edition of PYMNTS’ Global Digital Shopping Index , Michele Herron , Cybersource ’s senior vice president of strategy and insights, told Karen Webster that much of the data confirms what we already knew — or at least strongly suspected.
In less than two years, Costa Rica’s OMNi has gone from a modest platform with 1,000 bicycle shares in the Latin American country’s capital to become the nation’s dominant and uncontested super app. By bringing modern digital technology and payments expertise to existing businesses, the startup has been able to double its offerings – and then double them again – at a time when the world was contending with the coronavirus.
The struggling New York City restaurant industry was dealt a blow on Friday (Dec. 11) when New York Gov. Andrew Cuomo ordered indoor dining to cease effective Monday (Dec. 14) due to the acceleration of the coronavirus. . “You’re going to see a bad December, a bad January. How bad is the question,” Cuomo said during a news conference in Albany, per numerous news outlets.
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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