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United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. Low interest rates, he said, were the main enticement for people to come and join a new bank — but they would be obsolete in competition against an official digital currency, which could easily process a digital payment the same way.
As the pandemic continues to develop and the road to recovery is expected to be a long one, business leaders and professionals must adapt and be agile to the challenges that are presented to them on a daily basis, with valuable lessons to be learned along the way, said Simon Lance, Managing Director for Hays Greater China recently. According to him, there are four key priorities that business leaders can consider going forward.
Version 2020.2 helps Jedox customers save time in corporate reporting with new customizable Themes that can be shared with all users for instant View formatting. This is the final post in our series featuring new features in Jedox 2020.2.
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
As the use of mobile banking apps surges due to the limited access to banks amid the COVID-19 pandemic, the FBI is warning users to beware of cyber attacks.
A chief finance officer is a multi-faceted role. The role includes leading, directing and managing the finance team, advising on business and financial planning, providing strategic recommendations to the chief executive officer and the executive management team, and of course, managing the processes for financial forecasting and budgets, and overseeing the preparation of all financial reporting.
A chief finance officer is a multi-faceted role. The role includes leading, directing and managing the finance team, advising on business and financial planning, providing strategic recommendations to the chief executive officer and the executive management team, and of course, managing the processes for financial forecasting and budgets, and overseeing the preparation of all financial reporting.
For the past few months, we’ve been closely monitoring the planning landscape and coming to some realizations. One of them is this: despite the time and resources that go into the planning process, financial plans and budgets — now more than ever — remain at risk of being outdated before they make it out the door. The uncertainty over this period is evidence of this.
Chuck E. Cheese , the popular food and games chain, is talking to investors about ways to raise money to avoid filing for bankruptcy, The Wall Street Journal reports. The chain has also approached lenders in the past few weeks to feel out possible interest in a $200 million loan to help pay for a stay in bankruptcy, a source said, as reported by WSJ.
Is your organisation looking to tap the scalability, flexibility and borderless connectivity that cloud has to offer? One of the first enterprise-wide business functions to benefit from the cloud is accounting riding on the migration of enterprise resource planning (ERP) system from on-prem to the cloud. Following over two decades of learning, businesses continue to advance from this evolving and maturing technology.
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
TikTok , the popular Chinese short-form mobile video app, is facing more scrutiny over its privacy policies, Bloomberg reported. The EU’s investigative unit will form a task force to examine TikTok’s activities across the 27-nation bloc following a request from a lawmaker concerned about its data collection and its security and privacy risks. EU authorities can fine companies for violations under the General Data Protection Regulation (GDPR).
Physical brick-and-mortar retail was suffering long before the pandemic. As the great shift to digital continues, the last three months have shown that consumers are not only used to conducting commerce in bits and bytes — they like it. Consider the findings of a PYMNTS consumer survey , where 42 percent of consumers are engaging in even the most routine activities online, and as much as $158 billion in brick-and-mortar sales are moving to digital channels.
Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
If restaurants, bars and cafes come roaring back after months of being shuttered worldwide, LG Electronics could be one of the big winners. The South Korean global electronics company headquartered in Seoul has partnered with online food delivery platform operator Woowa Brothers and the Korea Institute for Robot Industry Advancement (KIRIA), an incubator for robot startups, to develop robot waiters, LG announced Friday (June 12).
To say that voice technology is having its moment in the global pandemic’s aftermath isn’t quite accurate. The sector has actually been having its moment for much of the past decade in terms of adoption among consumers and exponentially growing interest among companies that want to connect with them. But Todd Mozer , CEO and chairman of voice technology firm Sensory , told Karen Webster recently that the sector is enjoying a once-in-a-lifetime moment in terms of its potential for expansion.
For housing, the great snapback? As stock markets whipsaw (the Dow was off more 6 percent on Thursday), as the Federal Reserve sees mid-single-digit economic contractions and unemployment remains at double-digit percentages, the homebuying market has decided to shake it all off. Redfin reported last month that homebuying is up more than 16 percent above levels that had been seen before the pandemic.
The Federal Communications Commission ( FCC ) is working on facilitating 5G wireless networks across the U.S., according to a press release. The FCC is doing so by looking into how it can speed up the upgrades to existing wireless infrastructure through state and local rules, the release states, in order to provide the high-speed 5G networks which are “critical to expanding economic opportunities and supporting public health and safety in American communities.” In 2012, Congress pass
Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.
MoneyGram has been doing well in May, illustrated by a triple-digit percentage increase in digital transactions. The popular money transfer app reported a 100 percent growth increase year-over-year in May, a press release states. That’s a significant jump from the company’s 57 percent digital transaction spike in the first quarter. The growth in May was driven by MoneyGram Online, the company’s direct-to-consumer (DTC) channel, which reported 107 percent growth and over 80 perc
As Americans seek relief from cabin fever after months of shelter-in-place orders due to the pandemic, vacation rentals are on the rise, Bloomberg reported. “People, after having been stuck in their homes for a few months, do want to get out of their houses; that’s really, really clear,” Airbnb CEO Brian Chesky told the news service. “But they don’t necessarily want to get on an airplane and are not yet comfortable leaving their countries.”.
Cybercrime is surging during the COVID-19 pandemic as fraudsters seize on increased online activity to steal consumers’ sensitive personal details. As much as 22 percent of consumers have now been targeted by COVID-19 digital fraud scams, driving a mounting need for new ways to mitigate digital fraud risks. FinTech firms and government bodies are responding to the wave of cybercrime by developing new anti-money laundering (AML) and know your customer (KYC) technologies, particularly those levera
The California agency that regulates ride-hailing companies Uber and Lyft said their drivers are considered employees under the state’s new gig work law, the latest development in the fight over drivers’ status, Reuters reported. In a letter to the ridesharing companies , Douglas Ito, director of the California Public Utilities Commission (CPUC), reminded them of the July 1 deadline to secure workers’ compensation coverage for drivers.
Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
On Friday night (June 5) Google Assistant, the artificial intelligence–powered virtual assistant for mobile and smart home devices, was updated to include doorbell and clothes styler devices, which will soon be available widely, reported 9To5Google. Last month, the Google-focused , online news service reported that as Spring emerged, people are looking for ways to keep cool indoors.
The pandemic is setting the stage to change just about every aspect of running a business. With market volatility and economic pressure higher than it has been in more than a decade, the ways businesses manage and account for their money is inevitably included in that wave of operational change. That means significant implications for the ways accountants and auditors operate both within an enterprise and externally from it.
The COVID-19 pandemic has upended the way businesses and government agencies verify their customers’, clients’ and citizens’ identities. Social distancing restrictions implemented to curb the virus’s spread are preventing compliance professionals from obtaining physical identification documents and holding in-person meetings that typically enforced anti-money laundering/know your customer (AML/KYC) compliance.
The COVID-19 pandemic may have shifted shopping and food delivery patterns, but it has not changed the basic requirements for freelancers looking to find work. Companies still need to find and quickly verify workers and their skills, and freelancers must make sure employers are trustworthy as well. These workers also want to be paid via convenient methods that allow them to keep up with their bills and other financial needs.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
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