CFOs, accountants vexed by surging operating costs
CFO Dive
JANUARY 20, 2022
CFOs and other financial executives express rising concern about increasing prices for transport, energy and other costs, a survey found.
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CFO Dive
JANUARY 20, 2022
CFOs and other financial executives express rising concern about increasing prices for transport, energy and other costs, a survey found.
Future CFO
NOVEMBER 27, 2024
The accountancy profession, as we know it, faced challenges in technology--what with the concerns on how artificial intelligence poses threat on their jobs regarding the way it can take over their roles. Finance teams found their way in 2024 to keep up with the ever-changing market landscape brought about by a number of factors.
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Book of Secrets on the Month-End Close
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Bramasol
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This new episode in our ongoing series on the Digital Solutions Economy (DSE) provides an overview of how DSE is impacting the transportation industry. In some ways, the transportation sector has always included services based on subscriptions and usage. Public transportation systems need to improve accessibility and cost of ridership.
Book of Secrets on the Month-End Close
How To Break Digital Transformation Barriers And Accelerate AI Adoption
Forecasting Failures Are Costly: Heres How To Fix Them
Operational Strength Starts with People: The New Rules of Finance Leadership
What Your Financial Statements Are Telling You—And How to Listen!
PYMNTS
MAY 13, 2019
Mastercard and Kisio, a unit of Keolis, are joining forces to make it easier for people to pay for transportation around a city. Transportation providers will be able to let passengers book their trips in one app. As it stands, most city dwellers have to purchase separate tickets for each mode of public transportation. “As
CFO Talks
NOVEMBER 29, 2024
These experiences introduced me to the broader business world and significantly accelerated my career. Following my articles, I moved into the corporate sector as a Group Accountant at Datacentrix, gaining insight into private sector finance. What key skills should a newly qualified accountant develop on their path to becoming a CFO?
Future CFO
APRIL 6, 2022
Finance and accounting professionals are worried about operating costs, said ACCA and IMA recently when releasing the latest edition of the Global Economic Conditions Survey (GECS). The post Finance and accounting professionals worry about operating costs appeared first on FutureCFO.
Global Finance
DECEMBER 27, 2024
Investors are flocking to the country to exploit opportunities in sectors like mining, energy, agriculture, tourism, manufacturing, transportation, and commercial real estate. Government data show the mining sector accounts for 9.1% Inflows rose by 6.3% between 2021 and 2022, reaching approximately $1.3 billion from about $1.2
CFO Talks
NOVEMBER 25, 2024
How to Handle It: Stand firm on ethical accounting practices and remind decision-makers of the long-term implications of financial misrepresentation. Conflict of Interest in Vendor Selection Example: Your sibling owns a logistics company that submits a bid for your company’s transport services.
Global Finance
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Azerbaijan has, in fact, long been committed to boosting its non-oil economy and diversifying away from fossil fuels, which account for almost 48% of GDP and 92.5% The government aims to lure foreign direct investment (FDI) into such sectors as tourism, information and communication technology, logistics and transport, and agribusiness.
PYMNTS
JUNE 3, 2020
To speed up fleet and billing functions for truck drivers as well as back-office staffers, mobile capture and workflow technology company Vector has teamed with transportation management software firm McLeod Software , according to an announcement.
Bramasol
JULY 31, 2023
This new post provides a deeper look at how the leasing of medical equipment along with other bundled services or products presents particular challenges for meshing contracts and lessor accounting with DSE management and revenue recognition. According to Allied Market Research, "The global medical equipment rental market was valued at $56.0
PYMNTS
SEPTEMBER 20, 2018
Invoices submitted for financing by freight factoring firms account for more than one third of all invoices processed for funding, the IFA said. Paper documents are far from a conducive strategy to get all players in the trucking, transport and logistics space on the same page.
Global Finance
OCTOBER 28, 2024
The road map also envisions developing infrastructure to support economic activity, including transportation and energy, and enhance economic stability through higher government spending and private-sector investment. Underpinning these projections is some solid infrastructure. percentage point to 0.2.
PYMNTS
APRIL 14, 2020
International cargo transportation options have become reduced as well, further complicating the situation. Criminals are sending emails that pretend to be from executives and which instruct accounts payable (AP) department employees to send funds into bank accounts that actually belong to the thieves, for example.
PYMNTS
AUGUST 20, 2020
Uber Health was launched in 2018 to provide medical transportation services. Uber Health has teamed with Ride Health , another transportation company, to help boost medical transportation. Missed appointments account for over $150 billion a year in patients’ costs, affecting around 3.6 million people.
CFO News Room
NOVEMBER 25, 2022
Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. By last year, however, online sales had grown to account for 22% of luxury retail sales, up from 6% in 2015, according to reports from consulting firms McKinsey & Co. Newsletter Sign-up. The Logistics Report.
Barry Ritholtz
NOVEMBER 20, 2022
The 70,000+ individual sites — including specific power plants, steel mills, urban road networks, and oil and gas fields — represent the top known sources of emissions in the power sector, oil and gas production and refining, shipping, aviation, mining, waste, agriculture, road transportation, and the production of steel, cement, and aluminum.”
PYMNTS
JANUARY 18, 2019
By some accounts , approximately 70 percent of the world’s population will reside in smart cities by 2050. The growth of smart cities means citizens will be able to quickly connect with a host of services, including health, public transportation and public works.
Future CFO
FEBRUARY 12, 2024
The transportation sector was one of the worst hit by the pandemic. Present in over 500 cities across the eight Southeast Asian markets, Grab now operates more than just a transportation service. Grab's delivery business is estimated to account for 54%, or $8.8 We've always been diversified. billion from $3.56 billion in 2021.
Fpanda Club
MARCH 14, 2021
Lean helps organizations to identify and minimize waste which exists everywhere and can take 8 forms: defects, overproduction, extra processing, waiting, inventory, motion, transportation and non-utilized people. Transportation This kind of waste includes moving items, people, information more often or over farther distances than necessary.
PYMNTS
JULY 26, 2020
Ansonia, which specializes in transportation, logistics, and invoice receivables, said it has more than $1.3 trillion in accounts receivable data from industries in North America. Its global database completes updates to 25 million accounts daily, worth more than $700 billion in trade accounts receivable data, the company said.
KG Virtual CFO
MAY 16, 2022
Maintaining accurate and up-to-date accounting records is essential for small businesses. Here are a few accounting tips to keep in mind when storing accounting records. Tip #6: Hire An Accountant We're at the final tip: hire an accountant. This means that the documents should either be shredded or burned.
CFO News
MAY 14, 2024
NCLAT orders lifting of lien on ITNL's account, deeming Maharashtra tax department's attachment contrary to previous decision. PNB seeks interim distribution of Rs 12 crore from ITNL's account towards debt, allowing IL&FS board to consider fund distribution.
PYMNTS
MAY 1, 2020
Fed chair Jerome Powell said at a press conference on Wednesday (April 29) that people who are relying on their bank’s savings accounts as their sole source of investing will not ¹benefit from low interest rates.”. The Federal Reserve dropped interest rates to zero amid the pandemic. percent in March, the BEA report indicated.
PYMNTS
AUGUST 7, 2020
In Germany, Candis, a B2B platform to automate accounting and payments for businesses, announced a $15.8 Reports in FINSMES noted the firm is focused on automating accounting tasks and B2B payment workflows for middle-market organizations, while also connecting those users to real-time analytics. million this week. earlier this year.
PYMNTS
FEBRUARY 13, 2020
On the first call, the user will be prompted to set up an account by providing some personal information like credit card data and zip code. The phone number will be associated with the account for future ride requests. Payments will be deducted from the linked account.
Global Finance
OCTOBER 8, 2024
Angola now owes China approximately $20 billion, mostly on energy and transportation projects. By 2023, Beijing’s cumulative investments in Africa surpassed $300 billion, primarily in telecommunications, energy, and transportation, according to the China Africa Research Initiative at Johns Hopkins University. “In
Future CFO
JANUARY 27, 2022
CFOs must account for inflation-related uncertainties in annual budget and guidance for investors, said Gartner recently. CFOs will need to account for the higher level of uncertainty as they set budgets that drive investment, compensation and annual guidance shared with investors,” Keenan advised.
PYMNTS
AUGUST 24, 2020
Renaldo Adler , industry principal of asset management for Trimble Transportation, said the new ideas are intended to bolster services for the new COVID-19-based environment for businesses. "As
CFO News Room
NOVEMBER 23, 2022
This provided great grounding, he says, particularly in financial accounting. He joined oil and gas company BG Group in their budgeting and forecasting team to broaden his management accounting and reporting experience. After a few other job roles, he became UK finance director at taxi transport and technology company Gett in 2018.
PYMNTS
OCTOBER 21, 2016
In its Q3 report, travel and expense management firm Certify found that Uber and Lyft together accounted for the majority of corporate spend on ground transportation, showing that on-demand ridesharing services have now surpassed traditional taxis in popularity for business travelers.
PYMNTS
NOVEMBER 9, 2020
The round was led by funds and accounts advised by T. Nuro , a startup focused on robotics use in daily life, has raised $500 million in a Series C funding round, according to a Medium post. Rowe Price Associates, with participation from new investors, including Fidelity Management & Research Company and Baillie Gifford.
Creative CFP
OCTOBER 2, 2020
A couple of years into my career as a chartered accountant I started to wonder if I was still enjoying working in the finance industry. 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.
Barry Ritholtz
OCTOBER 20, 2023
That comp gets deposited directly into my bank account, and that money is available for purchasing necessities (food, housing, clothing, medicine, transportation, etc.) One decides to bury them in mason jars in the backyard, while the other sets up an account held in trust. and paying taxes.
CFO News Room
FEBRUARY 5, 2022
Amazon said that it was raising the price because of “expanded membership benefits” and rising costs of labor and transportation. COIN ) to allow users to deposit tax refunds into cryptocurrency accounts. Intuit Inc. INTU ) said that TurboTax has teamed up with Coinbase Global, Inc.
PYMNTS
FEBRUARY 18, 2019
The world of ridesharing — one that has expanded into such areas as food delivery and last-mile transportation needs via scooters — is about to get really interesting. Uber is one of those companies that, in a very short time, has become a firm part of the mainstream in daily consumer life and transportation. Scooter Battles.
https://trustedcfosolutions.com/feed/
AUGUST 5, 2022
Sage Intacct’s cloud accounting software products and financial management solutions deliver deep accounting capabilities that include tax filings, payroll, and inventory tracking tools across multiple industries that will accelerate your success. Some of the benefits include: Reducing time to close by as much as 79%.
CFO News Room
JANUARY 28, 2023
Retail diesel prices soared to an all-time high of $5.816 a gallon last June 19, part of the big run-up in energy costs following Russia’s invasion of Ukraine that strained transportation budgets and fed inflationary pressures. The East Coast accounts for more than half that deficit. The first is the U.S. refining maintenance season.
Global Finance
MARCH 3, 2025
According to the International Energy Agency, Latin Americas share of renewable energy generation in 2023 was 60%, with hydropower alone accounting for 45% of the electricity supply. With an urbanization rate of over 80%, the transition to a more sustainable economy presents opportunities and challenges.
PYMNTS
APRIL 26, 2019
The rise of Uber, Lyft and other ridesharing services on the corporate expense report represented a significant shift in the ground transportation sector and how business travelers embrace such on-demand services. Starbucks, in second place, accounted for 3.94 percent, while Amazon accounted for 3.78
PYMNTS
DECEMBER 9, 2019
However, transporting shipments from coast to coast presents a host of challenges. Carmen Anderson drives for major beef transporter America’s Service Line , and relies on several payment tools while on the road. Company drivers and owner-operators often spend long hours on the road transporting goods to market.
PYMNTS
FEBRUARY 4, 2019
While Japan, in the early 1980s, accounted for some the first AI patent filings, efforts there have “stagnated,” the report said. After that we will see areas such as retail, healthcare, manufacturing, transportation and automotive, and logistics, including warehousing/transportation/delivery. China’s Growing Role.
Global Finance
OCTOBER 10, 2024
in the first half of 2024, mainly driven by high growth in the mining and transportation sectors as well as in the service sector, despite the sharp decline in the agriculture sector. In particular, the current account balance was in surplus, largely due to a strong recovery in coal exports in 2023. million, reflecting a 23.8%
PYMNTS
FEBRUARY 7, 2020
Gary Shapiro is the head of the Consumer Technology Association, and he’ll also be in attendance, as will the director of transportation at the San Francisco Municipal Transportation Agency, Jeff Tumlin. John Bozzella is the head of an auto trade association that represents General Motors Co., Toyota Motor Corp., Toyota Motor Corp.,
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