Sat.Mar 28, 2020 - Fri.Apr 03, 2020

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New Facial Recognition Policy Signed Into Law In Washington State

PYMNTS

Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft. “This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post.

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SaaS CAC Ratio | How to Calculate and Why It Matters

The SaaS CFO

The cost of customer acquisition is one of the most analyzed SaaS metrics. But it doesn’t have to be complex or hard to calculate. Enter the SaaS CAC Ratio. Slightly different than CAC (customer acquisition costs), the CAC ratio studies the relationship between new and expansion bookings and sales and marketing expense. It’s different than […].

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How Digital Native & Cloud Native Will Influence FP&A

Jedox Finance

The definition of “cloud native” can vary significantly depending on who you ask. Of the most common jargon used to talk about the changes in technology and business, it is unlikely it would be the first thing that comes to mind. ( Digital Transformation , anyone?) However, that is changing fast. In this blog post, we’ll dig deeper into digital native, cloud native, and how it will influence the work of FP&A professionals.

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COVID-19: Quarantined

Future CFO

With Covid-19 sweeping across the globe, Euler Hermes is expecting a sharp global recession in 1H 2020 followed by a U-shaped recovery. The company has revised its global economic forecasts for upcoming years. . Download The post COVID-19: Quarantined appeared first on FutureCFO.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Egypt Limits Bank Withdrawals, Deposits To Curb Inflation, Hoarding

PYMNTS

In Egypt, banks have been told to impose a limit on cash withdrawals and deposits in a move to hopefully stop hoarding and inflation. The new limit will be 10,000 Egyptian pounds ($635) and 50,000 pounds for companies per day. There will be exceptions for those using the money to pay employees, according to a central bank statement. There will also be a limit of 5,000 pounds on ATM withdrawals and deposits, the statement said.

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How to have successful team catchups and run effective meetings, remotely

Creative CFP

When working remotely one needs to put more effort and structure into coordinating teamwork, and ensuring each person can ask for help and get the support they need. You won't be able to quickly walk over and ask for help or see that someone is struggling and needs a hand. Regular catchups, with a good meeting structure, go a long way to ensuring that all team members have the opportunity to: Check-in on how they are doing.

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Egencia leads in IDC MarketScape cloud-enabled travel booking solution

Future CFO

Travel is a personal experience. But with travel costs now accounting for the second-largest controllable expense, companies are looking for ways to better manage the process while improving the experience of its travelling employees. This IDC MarketScape on SaaS and cloud-enabled corporate travel booking applications for vendor assessment 2019 evaluates Egencia ’s SaaS solution in delivering the ease-of-use, convenience, flexibility and security that corporate wants.

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Blockchain Finds New Home In Retail Food Supply

PYMNTS

Food retailers need to embrace a new term: digital traceability. It describes a new process that shows the importance consumers are placing on the origins of their food in the throes of the current coronavirus pandemic. And it could be one of the killer apps for blockchain. “We will be tracing everything around food production, and what we do in terms of managing animals because this (coronavirus) came from animals,” said NZX Head of Analytics Julia Jones.

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Dispelling the Misperceptions: Three Ways ETFs Benefit Financial Markets

CFA Institute

Lingering concerns that exchange-traded funds (ETFs) have injected new risks into the system are misplaced.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Helpful FP&A Resources from Experts

Planful

Resources, Guides, and Advice From Peers and Experts. Right now, business leaders are turning to the Finance department for answers. As a finance professional, you’re tasked with bringing clarity to one of the most unpredictable, uncertain, and unprecedented crises our modern society has ever seen. You need all the information, advice, and tools you can get.

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Simplifying complex travel programs

Future CFO

A Phocuswright. survey of travel managers revealed that while cost savings are still the highest priority, the percentage of travel managers who give it high importance dropped from 59% in 2015 to 47% in 2018. Traveller well-being is now the second most important consideration for travel managers behind cost savings. Business travellers want frictionless online and mobile experience.

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How COVID-19 Is Transforming Supply Chains – And Industrial Real Estate Demand

PYMNTS

The universal characteristics of the coronavirus are change and speed. The virus is spreading quickly around the globe, of course, and has abruptly changed life for billions of people. And in an interview with Karen Webster, Chris Caton, senior vice president and head of global strategy and analytics at Prologis , supply chains are about to change as well.

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“We Will Get through This”: A Physician and Venture Capitalist on Coronavirus

CFA Institute

Andrew "Drew" Senyei, MD, shares his take on where we stand in the fight against the coronavirus epidemic.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Ripple Powers X-Border B2B Payments For Thai Bank SCB

PYMNTS

As it aims to provide small businesses and enterprise clients with instant payments, Siam Commercial Bank (SCB) of Thailand is poised to open up its consumer cross-border payments app, which is powered by Ripple, to companies. The financial institution had harnessed RippleNet earlier in 2020 to link up with banking partners globally, according to reports.

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What Banks Still Don’t Know About Getting The SBA’s $350B To SMBs

PYMNTS

Facing an economic emergency tipped off by the unprecedented coronavirus pandemic landing on American shores, the federal government in an uncharacteristic burst of speedy bi-partisan cooperation passed the $2.2 trillion CARES Act , a massive stimulus effort meant to keep citizens and businesses whole and afloat while the world rides out the outbreak.

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Bitcoin Daily: Banque de France Seeks CBDC Experiment Applications; Bitget Looks To Grow In The US

PYMNTS

The Banque de France is seeking applications “to experiment with a central bank digital currency for interbank settlements,” according to an announcement from the French central bank. The organization said that “the aim is to explore the potentialities offered by this technology, and to identify concrete cases integrating Central Bank Digital Currencies [CBDC] in innovative procedures for the clearing and settlement of tokenized financial assets.” The submission deadline for di

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Venmo, Square Cash Vie For Stimulus Funds Distribution

PYMNTS

Venmo and Cash App want to be considered as ways the U.S. government could deliver its stimulus funds to help the coronavirus-wrecked economy. The popular apps have seen widespread use in recent years, though the government thus far has not adopted either one for any official means. The parent companies of both apps have discussed this possibility with the Treasury Department, though it is unclear if the proposition has been seriously considered.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Open Banking Platfom Tink Acquires Eurobits

PYMNTS

European open banking platform Tink will now have more room to expand with the acquisition of Eurobits , which works in account aggregation technology, according to a press release. Eurobits, the release states, works with banks and FinTech companies like BBVA, Santander, Sabadell and Fintonic, and the new partnership will give Tink more room to grow in Europe.

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Deep Dive: Digital-First Banks Harness The Power Of Data Analytics

PYMNTS

Financial institutions (FIs) face a perennial challenge in their day-to-day operations — convincing customers to use their products and services rather than a competitor’s. This issue is present in almost every industry, as the $70.3 billion spent on TV advertising in 2019 illustrates. FIs have an intrinsic advantage in offering customers the right products at the right times, however.

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Australia To Test Coronavirus Vaccine; US Doctor Claims To Have Potential Cure

PYMNTS

Australia’s national science agency plans to test a pair of vaccines over the next 90 days, part of a global race to stop the coronavirus pandemic. As researchers scramble for a cure, a doctor featured in “Pandemic,” a Netflix documentary, announced his team may have discovered a coronavirus cure which will now be tested by the U.S. military. DW.com, Germany’s international news outlet, reported the Australian government scientists have begun the first stages of testing for a potential vaccine a

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Bottomline Helps Small Businesses Apply For COVID-19 Relief Funding

PYMNTS

New Hampshire FinTech Bottomline Technologies has launched a free initiative to help the nation’s banks provide relief to small businesses hurt by the COVID-19 pandemic. On Thursday (April 2), Bottomline Technologies announced it will offer lenders a simplified Small Business Administration (SBA) loan application platform to originate credit online under the “Paycheck Protection Program.”.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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New Data: What COVID-19 Is Doing To Main Street SMBs

PYMNTS

For most small businesses, the dawn of the new decade was filled with optimism for their futures. Consumer confidence was at an all-time high, and unemployment at an all-time low. Consumer spending was strong, as were their household balance sheets. For most SMBs , 2019 was a banner year, and 2020 was expected to be nothing less than spectacular. Two-thirds (66 percent) of SMBs expected to see their revenues grow beyond — even well beyond — what they had booked in 2019.

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Santander Expands One Pay FX To Mexico

PYMNTS

Spanish bank and investment institution Santander has expanded its One Pay FX international payments system to include Mexico, according to a report by Cointelegraph. The Ripple-powered payments system will be offered in the country sometime this year. The company recently filed a Form 20-F , which has to be given to the Securities and Exchange Commission (SEC) by organizations that have equity shares on exchanges in the U.S.

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B2B Payment Terms In Flux Amid Market Volatility

PYMNTS

Cash flow has never been more critical to businesses as it is right now, and both the private and public sectors are taking action to ensure B2B payments continue to flow through the supply chain. In the U.K., recent reports in the Financial Times said the Cabinet Office has encouraged all public entities, including government departments, hospitals, councils and schools, to continue their supplier payments and coordinate with their vendor bases.

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What Will Business Look Like Post COVID-19? Ask China

PYMNTS

Though the phrase “new normal” has gotten thrown around a lot lately, in many ways it is something of a misnomer. Here on the ground in the U.S., things are very far from normal – new or otherwise – with businesses closed, employees working remotely and people sequestered in their homes for at least the next month. Consumers are concerned for their futures – both health-wise and economically – and over a quarter of American small businesses don’t think at this point that they will reope

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.