CFO Simplified

DECEMBER 26, 2021

We know, however, that hiring a full-time CFO can come with a hefty price tag. A part-time outsourced CFO provides the strategy of a C-Suite member without the price tag. . Plus, with the additional education and experience, a CFO brings a strategic financial view to the company. What is a Large Company? Controller. Bookkeeper.

Finance 52

Finance General Ledger CFO Auditing 52

PYMNTS

MAY 28, 2019

And digital platforms are handling tens of millions of transactions: Fiverr, for instance, recently reported that it has facilitated more than 50 million transactions between 830,000 freelancers and 5.5 Half of global online transactions are expected to take place in Asia this year. That marked an increase from 2017’s $1.4

Communication 63

Communication eCommerce Retail Technology 63

PYMNTS

NOVEMBER 6, 2018

expresses interest in a new RTGS system, financial players in the country are also working to improve existing schemes. Fiserv recently announced that it had helped onboard five more financial institutions (FIs) onto the network. USD) per transaction. Even as the U.S.

Education 53

Education Banking Leverage Numbers 53

PYMNTS

MAY 11, 2017

The drop is reminiscent, said the newswire, of the cliff-dive seen in the nadir of the great financial crisis. These “break fees” can be as high as 10 percent of a deal’s headline price tag, up from 2 percent seen in past years. Such constraints have had an impact on merger activity. Looking for a rebound?

Investments 40

Investments 40

PYMNTS

SEPTEMBER 19, 2019

Digital payments volume is increasing as emerging technologies enable more seamless online transaction experiences for consumers and businesses. Merchants and FIs have been turning to such solutions to help customers quickly and securely transact. However, bad actors are doing so to commit financial crimes and get away undetected.

Securities 51

Securities Technology Banking Accounting 51

Creative CFP

OCTOBER 2, 2020

I was so consumed with day-to-day accounting tasks that I did not have time to monitor the financial health of businesses I was taking care of, or to provide valuable feedback to business owners. The tag line was “Real-time accounting”. There is no more batch capturing, but rather a transaction flow.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 52

PYMNTS

OCTOBER 20, 2019

Ghana says it plans to eliminate paper from most services and transactions by next year as it aims to become Africa’s most digitalized economy. The government claims that it will have “electronically tagged” every home, including informal housing in slums, via GPS by early 2020.

Leverage 42

Leverage Planning Technology Numbers 42

PYMNTS

JULY 21, 2017

As reported Friday (July 21), American multinational financial services firm Blackstone and private equity firm CVC Capital Partners have bid to acquire payments processor Paysafe Group. The price tags attached to the deals were reported as $3.7 Such transactions have been reported to be preconditions of the deal.

Sales 43

Sales Marketing 43

PYMNTS

MAY 11, 2017

Reports Wednesday (May 10) said Moneycorp has agreed to acquire Commonwealth FX, though the companies did not disclose the price tag of the deal, but did say that it would finance it by paying 20 percent using cash on hand. million in value, according to reports.

Foreign Exchange 43

Foreign Exchange B2B Finance Leverage 43

PYMNTS

OCTOBER 7, 2020

Businesses and financial institutions (FIs) are following suit, reordering their products and services for a new digital normal — but unfortunately, fraudsters are tagging along. More consumers than ever are making transactions digitally instead of going to brick-and-mortar stores — and fraudsters are following suit.

Securities 89

Securities Banking Leverage Technology 89

PYMNTS

MAY 29, 2020

But the price tag is rarely painless. CIT’s own POS equipment financing offering enables SMBs to finance their purchases of $2,500 or more — merging the convenience of consumer-facing POS financing with the high-value transactions typically associated with SMB purchases. Financing Modernization. ”

Finance 67

Finance B2C Sales Investments 67

PYMNTS

JANUARY 22, 2020

Another] would be the convenience of getting the payment exchanged into their local currencies, and then, of course, any fees or rates that are associated with their transactions locally. So we set [payments] up in a way that [they] have a choice of which service to use and they can express their preferences based on what suits them.”.

Prioritization 52

Prioritization Currencies Investments Accounting 52

PYMNTS

APRIL 1, 2019

Merchants, lenders and banks never see the person on the other side of the transaction, and proving that someone is, well, legitimate is becoming more difficult. Synthetic fraud is different from what might be thought of as “traditional” identity fraud, where real identities and data are hijacked and used to make unauthorized transactions.

Construction 73

Construction Numbers Concentration Securities 73

PYMNTS

APRIL 28, 2016

Because of its exclusive rights, Visa is the only card accepted at the Rio 2016 Olympic and Paralympic Games venues and for any official Rio 2016 related transactions. Register for SMS notification with their specific bank, or bank’s transaction notification service, allowing travelers to track transactions on their Visa accounts.

Currencies 40

Currencies Securities Banking Sales 40

PYMNTS

MARCH 29, 2017

In the latest twist of the MoneyGram acquisition bidding war, Euronet is ramping up for a fight with Ant Financial. government to take a closer look at the competing bid from Ant Financial, a company based in China, stating that it raises “significant national security risks.”. In a new report , Euronet has urged the U.S.

Treasury 40

Treasury Leadership Securities Sales 40

PYMNTS

SEPTEMBER 23, 2019

Lesser-known about Barnum are his many business and financial ups and downs, including his fight back from bankruptcy in the mid-1800s. But those use cases don’t drive the bulk of payments flows, which happen between businesses – and, increasingly, when those businesses transact cross-border. PYMNTS research estimates that in the U.S.,

B2B 61

B2B Leverage B2C Investments 61

PYMNTS

DECEMBER 1, 2017

Apple’s big selling point for the HomePod was its superior auditory quality, which was supposed to justify the $349 price tag. Vietnamese cybersecurity researchers are saying that the iPhone X’s Face ID is not secure enough to use in business transactions. Nordic financial services company Nordea announced Thursday (Nov.

Nonprofit 46

Nonprofit Invoicing Construction Transportation 46

PYMNTS

MARCH 28, 2018

.” The impact of chargeback fraud and other transaction-related fraud — like account takeovers or payments fraud — on the bottom line is clear. Less obvious, however, is the financial impact of data breaches, content abuse and similar cases. Facebook recently came close, though. .” Chargebacks affect the bottom line.

Securities 44

Securities eCommerce Accounting CFO 44

PYMNTS

MARCH 2, 2016

To achieve this, Ripple is placing its bets on XRP, a digital currency that the firm argues will be instrumental as a bridge asset to facilitate interbank transactions. It’s a currency that allows financial institutions to ditch the nostro account and instead keep XRP on their own balance sheets. The Price Tag.

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

PYMNTS

MARCH 25, 2019

Once closed, the conjoined firm will offer enterprise banking, payments, capital markets and global eCommerce services to financial institutions and businesses around the world. Worldpay processes more than 40 billion transactions each year and supports more than 300 payment types in more than 120 currencies. “At

Reconciliations 50

Reconciliations eCommerce Retail Currencies 50

PYMNTS

APRIL 24, 2017

Making that happen is, again, not one activity but a series of them, including advanced alerting technology for spotting threats and a security operations center dedicated to finding, tagging and triaging threats, 24 hours a day, seven days a week. “We What’s Next. It still requires CFIUS and DOJ approval.).

Securities 46

Securities Compliance Concentration Auditing 46

PYMNTS

JULY 13, 2016

Nearly $4 billion of investment activity led the week that ended July 8, with a continuing trend of outsized deals tipping the scales at a few billion dollars, followed up by a series of smaller transactions. billion price tag represents a hefty profit for Apax, which bought Epicor for $1 billion.
.

Investments 40

Investments B2B Startups Accounting 40

PYMNTS

JANUARY 11, 2017

As had been seen in the last few weeks of the year, the total amounts invested were dominated by a few outsized deals, with two triple-digit transactions. Every time we run into a situation where the AI isn’t sufficiently confident, humans step in, and we tag that information in a way that allows us to make our system smarter.”.

Sales 49

Sales Investments Numbers Valuation 49

PYMNTS

NOVEMBER 22, 2017

Account takeover fraud , card-not-present (CNP) fraud, tax fraud, selling stolen financials, selling fake bank accounts, the Dark Web: If security experts are fighting it today, chances are that Brett Johnson was there when it started. In fact, chances are that he helped create it.

Securities 48

Securities Accounting Entertainment Banking 48

Barry Ritholtz

JULY 11, 2023

JOHNSON: So I spent a year, my father said to me, “Look, if you’re going to be in the financial services business you should probably work in New York.” Otherwise, the West Coast, if you were in the financial services business, it was rough life. And honestly, I think we divested post financial crisis.

Mergers and Acquisitions (M&A) 86

Mergers and Acquisitions (M&A) Investments Finance Technology 86

PYMNTS

OCTOBER 16, 2020

The ongoing pandemic is also changing the status quo regarding cash flows and placing greater emphasis on quick transactions. One recent survey found that 68 percent of corporate businesses considered real-time payments to be the most important factor when starting new relationships with financial institutions (FIs). billion in 2016.

Treasury 76

Treasury B2B Accounts Payable Cash Management 76

The Charity CFO

AUGUST 30, 2022

ASC 606 is often confused with ASC 958 (which addresses nonprofit entities’ financial statements). The Financial Accounting Standards Board (also known as the FASB) defines and codifies all nonprofit accounting regulations here in the United States, so this falls under FASB jurisdiction. . Determine The Transaction Price.

Nonprofit 98

Nonprofit Accounting Standards CFO Accounting 98

Barry Ritholtz

SEPTEMBER 19, 2022

And Joshua added tags to that, and so you could browse things by tags. And here’s a market transaction, how can we shrink that and make room for things that are super, super important, but cannot have prices, cannot be economically incentivized? There’s a real financial mechanism.

Valuation 118

Valuation Investments Marketing Technology 118

PYMNTS

OCTOBER 21, 2019

For those who see Libra as the hero — where an alternative currency takes root and challenges central bank fiat, gains acceptance, promotes financial inclusion for more than a billion people — this past week’s event means that the Libra Association will live to fight another day. But the uphill climb remains steep. Everybody Into The Pool?

Currencies 43

Currencies Nonprofit Banking Securities 43

Planful

SEPTEMBER 6, 2021

In an ideal world, financial reports should build shareholder trust by offering accurate data about the performance of the company. In reality, a company’s financial report can be more flimsy—involving estimates and judgment from leadership that’s far from the truth. Valuations are a classic example of hole-filled financial reporting.

Financial Reporting 40

Financial Reporting Valuation IFRS GAAP 40

PYMNTS

FEBRUARY 10, 2020

Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. Facebook had been sued over the use of “tag suggestions,” and had allegedly broken the law by collecting the imagery without asking for permission.

eCommerce 70

eCommerce Banking Sales Retail 70

PYMNTS

MARCH 2, 2020

Accountants have not historically been considered when it came to financial management automation, so whether it be tax submission or individual P&L [profit and loss] management, it was the job of the accountant to bridge the gap between the different technologies manually.”.

Accounting 56

Accounting Reconciliations Profit and Loss B2B 56

PYMNTS

MARCH 13, 2019

A first date is probably not an ideal time to have one’s financial portfolio printed out and ready for review, he noted – there’s such a thing as being too transparent. Committing financial infidelity. Avoiding discussing your financial history and goals with your partner. Money shaming is another issue, according to Kingsbury.

Finance 46

Finance Budgeting Accounting Investments 46

PYMNTS

FEBRUARY 26, 2020

As more financial service providers explore how to capitalize on corporates’ growing adoption of commercial cards, firms are looking at the card as a way to round out their products and services with a more holistic offering. Further, the upgrades target freelancers with the capability of tagging transactions for the correct client.

B2B 60

B2B Accounts Payable Securities Accounting 60

PYMNTS

APRIL 28, 2017

But for payments that might accompany those contracts — such as security deposits or escrow payments — documents remain separate and therefore a separate transaction. That means that 68 million agreements had a financial component associated with it in 2016. What’s Next for DocuSign Payments?

Invoicing 60

Invoicing Securities Accounting Sales 60

Planful

JUNE 1, 2016

Recognizing that CPM spans multiple Finance processes, and the evolution in the way organizations are deploying these solutions, Gartner indicated in July of 2015 that it would be splitting its view of CPM software solutions into two segments: Financial CPM suites and Strategic CPM suites. What This Means for CPM Suite Buyers.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Reconciliations Planning Finance 40

PYMNTS

JULY 16, 2020

Apart from celebrities, Apple and Uber were also tagged in the hacking event that occurred Wednesday (July 15). The messages from hackers masquerading as high-profile people all had a similar tone and mentioned an intention to double and redistribute all funds donated in bitcoin to those who paid in.

Securities 64

Securities Accounting Education Communication 64