PYMNTS
SEPTEMBER 3, 2020
The Hilton Times Square is the latest victim of the coronavirus pandemic. In a filing with New York’s State Department of Labor Monday (Aug. 31) the managing director of the 44-story landmark said it will close permanently next month and 200 jobs will be lost. The iconic hotel on West 42nd Street was shuttered and furloughs began in mid-March as COVID-19 struck the city, The Wall Street Journal (WSJ) reported.
Jedox Finance
SEPTEMBER 3, 2020
The depth and breadth of the 2020 crisis caught many unaware. It thrust the Chief Financial Officer (CFO) to the frontline of business survival and saw many setting up cash control towers with granular oversight over cash flow, receivables, and payables to navigate disruptions. The new normal introduced new risks from employee health and safety, supply chain stress and government mandates – all with working capital implications.
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CFO Plans
SEPTEMBER 4, 2020
By Casey Gillam – Sales Manager at CFO Plans Inc. What’s more fulfilling than family, friends, and food? Not much, according to the founders of RASA Grill. Rahul Vinod and Sahil Rahman grew up together since they were children as friends because of their fathers’ friendship. At gatherings, food always played an important role when the families met.
Future CFO
SEPTEMBER 3, 2020
Bring Your Own PC Security would become one of the pandemic-induced trends that leave a transformational impact within the next decade, said Gartner recently. “Prior to the COVID-19 pandemic, there was little interest in BYOPC,” said Rob Smith, senior research director at Gartner. “At the start of the pandemic, organisations simply had no other alternative.
Speaker: Ashley Harlan, MBA
What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.
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PYMNTS
AUGUST 31, 2020
With estimates that over 500 billion real-time payments will be processed over the next five years, the race is on for upgrades and integrations that allow financial institutions (FIs) and their clients to participate in a real-time payments space that is expected to reach nearly 53 billion real-time payment transactions by 2024. The FI’s Guide to Modernizing Digital Payments , done in collaboration with Red Hat , details developments in real-time payments, providing insights and direction for F
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
Adam Kae
SEPTEMBER 1, 2020
Last week, we talked about , 5 easy tips you can change today as an essential small business to keep things running smoothly. This week, we’ll give you five more tips that the CDC recommends can keep you internally staying strong! 1. Identity a Workplace Coordinator. While that title sounds very official, it’s not complicated to integrate! Your Workplace Coordinator is a person responsible for keeping up with everything COVID-related like relevant changes shared on the news and new internal poli
Future CFO
SEPTEMBER 2, 2020
While high-income countries still dominate the top 10 of INSEAD’s Global Innovation Index (GII) 2020, there’s a gradual eastward shift in the locus of innovation as a group of Asian economies — China, India, the Philippines and Vietnam – have advanced considerably in the innovation ranking over the years, the business school said recently. Switzerland, Sweden, the US, the UK, Netherlands, and Singapore lead the innovation ranking, with a second Asian economy — the Republic of Korea — joining the
PYMNTS
SEPTEMBER 1, 2020
More money crossing borders digitally. Fewer correspondent banks to move that money. And the hallmark of that money movement — a lack of transparency and speed. What might replace a clunky system in a world where payments are becoming ever more global? The Bank for International Settlements (BIS) said in a recent report that the number of correspondent banks — where banks and financial institutions (and domestic payment systems) are linked together — slipped 3 percent in 2019 vs. 2018 and decl
CFA Institute
SEPTEMBER 1, 2020
How can asset managers embed responsible innovation into their products?
Advertiser: Paycor
Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!
Planful
SEPTEMBER 2, 2020
Scenario analysis has taken on a whole new meaning these days. COVID-19 pushed companies into chaos, and the continuing uncertainty makes planning especially difficult. In the process, the playbook we’ve all used over the past decade or two has been rendered virtually useless. The impact of the pandemic, along with the transition to working from home, has forced FP&A teams to scramble as the business makes more, and more frequent, requests for help.
Future CFO
SEPTEMBER 1, 2020
Atradius forecasts a jump in insolvencies across Asia in 2020, with Hong Kong expected to be one of the most affected markets across the globe. The increases are primarily driven by the impact the pandemic is having on global economies, the trade credit insurer noted. Every major economy, except for China, is expected to enter recession this year, the depth and length of which will be determined by the ability of economies to manage health regulations and either exit lockdowns or thrive in socia
PYMNTS
SEPTEMBER 3, 2020
PayPal has launched its iZettle Food & Drink app, the point of sale (POS) platform for iOS to support food and drinks service in the U.K. The app was crafted to support the hospitality industry including restaurants, cafes and pubs for a fast and easy way to pay the check. England’s food and drink sector was one of the hardest hit by lockdowns. Sales fell by 87 percent from April through June.
CFA Institute
AUGUST 31, 2020
For fundamental investors looking for mispricings, value stocks may be best ignored.
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
PYMNTS
SEPTEMBER 3, 2020
Mobile payments have long been billed as the next big thing. Starting with the release of Apple Pay in 2014, there was a veritable rush of proprietary mobile wallets sent to market, a host of “. Pays” for consumers to choose from. The problem, Brett Narlinger , Blackhawk Network ’s head of global commerce, told Karen Webster, is that most consumers weren’t really looking for a new payments form factor that they could only use on certain devices or at a short list of places.
PYMNTS
SEPTEMBER 3, 2020
Billionaire investor Bill Ackman said he's had preliminary discussions with Airbnb and Stripe , among others, about helping them to go public, Bloomberg reported. The process would involve them going through a merger with Ackman's blank-check company. Airbnb didn't get anywhere with Ackman before the popular home vacation rental app ended up seeking a traditional initial public offering (IPO), which it said it ultimately preferred to Ackman's method — although it hasn't ruled out a merger with A
PYMNTS
SEPTEMBER 2, 2020
As consumers pay down credit card debt – in some cases with the aid of stimulus checks – and are ever wary about their financial situations, issuers have been muted when it comes to rolling out new cards. It may seem like a dubious time to introduce a new card. But as Linda Kirkpatrick , president of U.S. issuers for Mastercard , told Karen Webster in an interview, recent announcements of Chase rolling out a new card, Freedom Flex, while refreshing its Freedom Unlimited card, underscore the impo
PYMNTS
SEPTEMBER 3, 2020
The pandemic has pushed us to do all things digitally while opening up new vectors of attack. Those new avenues of fraud have leveraged hallmarks of the current pandemic — fears over public health and concerns about stimulus checks issued by the government — to snare unwitting victims. . . According to some estimates, as many as 22 percent of Americans have been impacted by COVID-related fraud. . .
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.
PYMNTS
AUGUST 30, 2020
CheckAlt , which provides treasury management and item processing, is partnering with OmniConnect, NXTsoft 's secure connectivity solution, to allow for faster real-time integrations, a press release says. The team-up will help to speed up onboarding by improving connections between CheckAlt, core providers and credit unions or banks for LoanPay, the loan processing solution utilized by CheckAlt.
PYMNTS
AUGUST 30, 2020
The U.S. government's Economic Injury Disaster Loan (EIDL) program, plagued by delays and fraud, has created attention for a firm that netted around $800 million in fees while subcontracting the work out to the nation's largest mortgage lender, The Wall Street Journal (WSJ) reported. The Small Business Administration (SBA) awarded $770 million to RER Solutions , a Herndon, Virginia-based contractor, to process loans for businesses hurting under the economic strife of the pandemic, according to g
PYMNTS
AUGUST 31, 2020
Pinterest is canceling its upcoming lease to move into a San Francisco office that it doesn't need because its workers will be working from home, a report Monday (Aug. 31) from KCBS Radio said. The plan was for the social media tech giant to lease a near-490,000 square-foot office at 88 Bluxome, in San Francisco's SoMa neighborhood. The neighborhood is involved in the redevelopment of the old San Francisco Tennis Club.
PYMNTS
AUGUST 31, 2020
There’s a storm brewing in the Indian retail scene, with Amazon at its center. Over the weekend, Reliance Industries – the company owned by India’s richest man, Mukesh Ambani – purchased Future Group ’s 2,000 retail stores and the Big Bazaar grocery chain. Reliance , which is already referred to as the “Amazon of India,” owns and operates more than 10,000 stores across categories including supermarkets, consumer electronics, apparel and other various segments, and also owns several eCommerce sit
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.
PYMNTS
SEPTEMBER 3, 2020
Cash will always have a place among consumers — but its use is dwindling. Only 26 percent of all consumer payments are made in the U.S. with cash — and consumers are even starting to ditch plastic cards. For financial institutions (FIs) and enterprises that seek to pivot to meet the growing demand for digital payments, observing and reacting to shifts in how different generations prefer to pay will be critical during the pandemic and beyond, according to Royal Cole , executive vice president, FI
PYMNTS
SEPTEMBER 2, 2020
The direct to consumer ( DTC) model is changing the way we get our goods and services across everything from makeup to meal kits. And it is upending healthcare too, perhaps most visibly in pharmaceuticals, where we can get our meds mailed, on autopilot. But drill a bit deeper and DTC can shift some of the dynamics in how we treat and even diagnose some of the most persistent personal problems — cosmetic ones and even some debilitating conditions.
PYMNTS
AUGUST 31, 2020
Flipkart has rolled out its Flipkart Wholesale operations, which serves as a B2B marketplace for small businesses and shops. The offering is now available to customers in Bengaluru, Gurugram and Delhi, Financial Express reported. The app is available for those who have Android devices to have merchandise sent to their stores as it stands. “Change the way you buy bulk products for your business with Flipkart Wholesale’s efficient technology and logistics,” Flipkart Wholesale said on its website.
PYMNTS
SEPTEMBER 4, 2020
In some ways, the second quarter was like nothing the world has ever seen, as the pandemic cut through the daily lives of Americans from April through June, and is still a factor in many parts of the country. But in other ways, it was business as usual, as the two biggest retailers in the world – Walmart and Amazon – posted stellar earnings numbers and competed in more muted ways for the U.S. consumer’s whole paycheck.
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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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