CFO Talks

SEPTEMBER 17, 2024

Building Robust IT Systems for Financial Reporting As financial operations become increasingly complex, having the right IT infrastructure in place is no longer just a back-office necessity—it’s a strategic advantage. Automation reduces human error, which is one of the biggest risks in financial reporting.

Financial Reporting 52

Financial Reporting Auditing Compliance CFO 52

CFO News

NOVEMBER 20, 2023

Prahu brings extensive financial leadership experience, having served as CFO for Deutsche Bank in India, overseeing financial reporting, business and infrastructure finance, ALM, tax, transformation, and financial planning. His background includes prior roles with Credit Agricole CIB and Arthur Andersen.

CFO 104

CFO Banking Leadership Financial Reporting 104

CFO Simplified

AUGUST 21, 2022

If you’re like many business owners, you may have a loan from your bank. In this case, the bank is giving you a percentage of those quick assets—either inventory or accounts receivable (AR)—to provide support for the loan they’re giving you. Why Is My Bank Changing Its Advance Rates? Let’s dive in. InRegarding Inventory.

Banking 98

Banking Concentration CFO Accounting 98

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have. What is financial reporting software?

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) Accounting Standards CFO 52

PYMNTS

SEPTEMBER 13, 2020

Lloyds Bank has teamed with ConnectedFi in order to provide brokers with quicker asset finance credit decisions by using automation, according to Financial Reporter. The whole process reduces manual work by 87 percent, according to Financial Reporter. The information is extracted and validated automatically.

Financial Reporting 117

Financial Reporting Finance Banking Economics 117

PYMNTS

OCTOBER 9, 2018

Banks and businesses alike are heading toward the 11th hour of changes in accounting standards, which will have a major impact on how companies report financial metrics and performance. For companies, the changes will disrupt their financial reporting in a big way when the requirements come into effect.

Accounting Standards 61

Accounting Standards Accounting Banking Corporate Finance 61

PYMNTS

JULY 2, 2018

Financial Reporting Council’s Financial Reporting Lab has released a new report on the potential applications of blockchain in the corporate accounting space. According to reports, the group is taking a cautious approach to the technology.

Financial Reporting 40

Financial Reporting Corporate Finance B2B Compliance 40

The Finance Weekly

DECEMBER 1, 2024

The idea is to compare two sets of records—your internal records (like your company’s general ledger) and external ones (like bank statements or vendor invoices). For example, if your internal records say your bank account has $10,000, but your bank statement shows $9,800, you’ve got a discrepancy.

Reconciliations 52

Reconciliations Accounting General Ledger Invoicing 52

Global Finance

JULY 31, 2024

Banks function in a digital economy where threats are constantly rising – there were twice as many unique cyber incidents in the third quarter of 2023 compared to the previous year. One reason why North American banks’ lag on cybersecurity could be the challenge to find talent. It was slightly higher in North American though at 4.3%

Banking 64

Banking Leadership Securities Budgeting 64

PYMNTS

DECEMBER 20, 2018

Nordic financial services firm Nordea is introducing a new solution to provide corporates with a streamlined financial reporting solution powered by Open Banking. Last year Nordea released its Future of Payments report, urging the corporate payments industry to become standardized across banks.

Banking 57

Banking Cash Management Financial Data Financial Reporting 57

CFO Talks

MARCH 5, 2025

Learn the Rules for Your Industry Each industry has its own set of reporting rules. Some examples include: Banks and financial services These businesses must follow rules like Basel III, which ensures they have enough money to cover risks. Legal teams help ensure financial reports comply with the latest laws.

IFRS 52

IFRS Auditing Compliance Financial Data 52

PYMNTS

JUNE 26, 2020

Ernst & Young ( EY ), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 billion) in cash, the Financial Times reported. The island nation’s lenders, BDO Unibank Inc.

Accounting 116

Accounting Auditing Accounting Firms Banking 116

The Charity CFO

OCTOBER 16, 2023

It may not seem like a significant aspect of your organization’s financial situation, but picking the right nonprofit banking partner is one of the most vital decisions leaders can make. Read on as we break down why this decision is so important and explore how to size up potential bank choices.

Nonprofit 59

Nonprofit Banking Compliance CFO 59

CFO Simplified

OCTOBER 10, 2023

And certainly, the banking environment has changed dramatically. The personal banker at large banks is a figment of our imagination, and community banks have picked up the mantle of personalized service. Changing banks is a real pain. First of all, many business owners are nervous talking to their bank.

Banking 52

Banking Cash Flow Forecasting Forecasting Treasury 52

PYMNTS

JULY 24, 2020

London startup mobile bank Revolut Ltd. The latest infusion of cash comes from TSG Consumer Partners , a San Francisco-based private equity company, TechCrunch reported. Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking.

Startups 102

Startups Foreign Exchange Valuation Invoicing 102

PYMNTS

OCTOBER 15, 2018

It’s the start of the new earnings season, and Bank of America , among the first companies out of the gate, set a positive tone Monday (October 15) when it released its third-quarter financials — a report that showed mobile banking growth, along with other gains. The bank’s net charge-off ratio stood at 0.40

Banking 53

Banking Sales Financial Reporting Finance 53

PYMNTS

JUNE 6, 2019

The Financial Times reports that a $647 billion “blind spot,” as measured by Barclays, exists in the financial reporting by Chinese banks — spanning both rural and commercial settings. The data as compiled by Barclays comes in the wake of the state takeover of Baoshang Bank.

Banking 43

Banking Credit Risk Financial Reporting Marketing 43

CFO Talks

JANUARY 7, 2025

Starting as an engineering graduate with a curiosity about business finance, Morgan transitioned into the world of accounting and finance, where he has built an impressive career spanning leadership roles at renowned organizations like KPMG, United Bank for Africa, and Africa Finance Corporation.

CFO 52

CFO Leadership Financial Analyst Finance 52

PYMNTS

MARCH 16, 2016

In a first for the Bank of China, the financial institution has linked up with its first foreign bank for interbank cash management of a corporate client. Reports on Tuesday (March 15) said Germany’s Deutsche Bank is collaborating with Bank of China, and the result of that partnership has gone live.

Cash Management 40

Cash Management Banking Treasury Corporate Finance 40

CFO News Room

DECEMBER 16, 2022

Financial managers are responsible for developing long-term financial plans, directing investment activities, and generating financial reports for their company. They may work in various industries, such as investment firms, accounting firms, banks, or the government. Financial Examiner. Investment Banker.

Finance 130

Finance Budgeting Financial Analyst Compliance 130

PYMNTS

JANUARY 22, 2021

Consumer demand for real-time payments direct to bank accounts and mobile wallets continues to surge.”. regulators to tighten the financial reporting requirements of banks and other financial services providers. MoneyGram is in favor of a proposal by U.S.

Compliance 107

Compliance Startups Financial Reporting Banking 107

E78 Partners

NOVEMBER 25, 2024

Once the deal is complete, the team often supports integration, aligning operations and financial reporting across entities. Historically, transaction services were conducted manually, necessitating extensive paperwork, physical signatures, and direct interactions with banking or financial agents.

Securities 52

Securities Restructuring Valuation Financial Modeling 52

Generation CFO

JANUARY 5, 2022

When I joined, we had an external accountant and several admin staff, but there was no decent reporting. It was literally me and one other person processing invoices and making bank pay-outs manually, so it was a bit of a mess.”. In fact, there was not much in place that could enable strategic decision making.

Finance 197

Finance Budgeting Corporate Finance Accounting 197

Future CFO

JANUARY 26, 2025

A recent World Bank Report has shown that Malaysia's path to becoming a high-income nation involves economic reform focusing on enhancing productivity, improving governance, and fostering innovation. Despite having no formal IT background, Azizan embraced technological tools to modernise Bank Islam's operations.

SAP 52

SAP Finance Leadership Leverage 52

PYMNTS

JUNE 29, 2020

As the fallout from Wirecard ’s troubles unfold, Germany’s deputy finance minister has called for radical solutions to fix how accounting firms are regulated, the Financial Times reported. billion in deposits went missing from two Philippines banks. He has been released on 5 million euros ($5.6 million) bail.

Accounting 88

Accounting Accounting Firms Auditing Finance 88

CFO News

JULY 14, 2024

Kotak Mahindra Bank's new chief emphasizes tech transformation despite RBI ban. Auditors highlight IT system complexities affecting financial reporting. Industry experts link RBI actions to the bank's 811 offering success. The bank shows growth in customer base and financial metrics.

Leverage 40

Leverage Technology Banking Financial Reporting 40

CFO Simplified

SEPTEMBER 11, 2022

Cash basis accounting records what is happening at your bank; the money you’re receiving and the money you’re paying out. Again, if you run your financials on a cash basis, your revenue would be the amount of money that you’ve received in that particular month or year. What’s the difference? Let’s dive in.

Profit and Loss 98

Profit and Loss CFO Accounting Financial Reporting 98

PYMNTS

NOVEMBER 26, 2019

The Prudential Regulation Authority (PRA), the supervisory arm of the Bank of England (BoE), has fined Citigroup a record-breaking $56.3 million for not completing accurate returns between 2014 and 2018, according to a report by Reuters. million) if the bank had not agreed to take care of the issue in a timely manner.

Auditing 76

Auditing Banking Financial Data Financial Reporting 76

PYMNTS

AUGUST 5, 2019

Australia’s four biggest banks, along with large accounting firms, have joined forces to defend the use of independent audit firms as consultants. EY has been the bank’s independent auditor for 13 years. The country’s big four banks paid their auditors more than $110 million last year. ANZ Bank , which paid KPMG $22.4

Auditing 43

Auditing Banking Accounting Firms Risk Management 43

CFO News

MARCH 13, 2025

ICAI may review the financial statements of IndusInd Bank following a discrepancy of Rs 2,100 crore in its derivatives portfolio. The Financial Reporting Review Board is expected to conduct the review to ensure compliance with various accounting and auditing standards.

Accounting 40

Accounting Banking Auditing Compliance 40

The Charity CFO

FEBRUARY 4, 2022

Record and classify payments and bank transfers . Prepare bank reconciliations. They organize the data and ensure accuracy so the accountant can create reliable and timely financial reports. Plus, give you timely financial reports and expert advice that help you carry out your mission. Manage payroll .

Nonprofit 98

Nonprofit Invoicing General Ledger Accounting 98

PYMNTS

NOVEMBER 21, 2016

SMEs say friends and family have invested in their business, either financially or by providing operational or emotional support. A new Bank of America survey released last week uncovered the importance of friends and family to the small business owner, as a third said these people provide the most help in running their business.

Investments 74

Investments Prioritization Financial Reporting Startups 74

Future CFO

AUGUST 1, 2023

The demand for mobile wallets, online banking services, and the increasing adoption of digital technologies has led to the expansion of the financial applications market in Asia/Pacific. This trend is driven by the need for real-time data analysis and insights to make informed business decisions.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

Bramasol

MAY 13, 2024

Its primary role is to oversee and regulate the auditing of public companies to protect investors' interests and ensure the integrity of financial reporting. Standard-Setting: It plays a role in setting and updating auditing standards to enhance the quality of audits and financial reporting. Why Should You Care?

Auditing 84

Auditing Compliance SAP Accounting Standards 84

The Charity CFO

SEPTEMBER 28, 2022

But you need accurate and timely bookkeeping to get the financial reports you need to run your programs, report to your grantmakers, and keep your operation on track. Quickbooks integrates with dozens of other financial software so you can automate many things (hello, easy payroll, and effortless expense reporting).

Nonprofit 105

Nonprofit Invoicing Accounting CFO 105

The Charity CFO

APRIL 12, 2022

After all, their financial reports showed they had much more revenue than expenses. In an accrual accounting system, financial reports are complex documents. And not every number on your financial statements reflects cash changing hands. . But not all of that has to be cash in your bank account.

Nonprofit 105

Nonprofit Accounting CFO Accounts Payable 105

PYMNTS

DECEMBER 5, 2017

Data management is becoming an increasingly pressing concern for most financial institutions, as bank regulations continue to shift around the globe, according to new research. In its survey, Wolters Kluwer found that approximately 90 percent of banks say they have major concerns about data management. Regulatory Headaches.

Banking 40

Banking Compliance Finance Financial Data 40