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India has embraced its model for digital payments so much that it intends to take it global. Since its debut four years ago, India’s Unified Payments Interface (UPI), the instant payment system developed by the National Payments Corp. of India (NPCI) that facilitates inter-bank transactions, has propelled the growth of online payments, the Financial Times (FT) reported.
How to Build Business Credit In today’s post we’re going to talk about a key fundamental step for building business credit for your company. While acquiring credit from vendors, suppliers and other businesses that report to the business credit agencies is a widely known practice for establishing business credit; why not also have your business […].
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Forward In the current economic crisis, business leaders from early-stage startups to large multinational corporations have had to make difficult decisions. The financial implication of these decision is critical and the CFO is the executive helping the CEO navigate these decisions. Historically, the CFO role was focused on backward looking information: ensuring on-time and accurate financial reporting.
Forward In the current economic crisis, business leaders from early-stage startups to large multinational corporations have had to make difficult decisions. The financial implication of these decision is critical and the CFO is the executive helping the CEO navigate these decisions. Historically, the CFO role was focused on backward looking information: ensuring on-time and accurate financial reporting.
While cybersecurity is increasingly an issue when employees have to work from home, it's no longer only a responsibility of IT because the financial impact from security incidents can be huge. FutureCFO talked to David Sajoto (pictured), Vice President of Sales for Asia Pacific and Japan, ExtraHop for advice on how CFOs can work with IT to guard their organisations.
Tests of truly autonomous self-driving vehicles have been uneven at best, but with each scraped test hubcap, the concept draws closer to reality. Major automakers are in, with Toyota backing autonomous driving startup Pony.ai and Fiat Chrysler striking a deal with AutoX , the Hong Kong-based firm that has developed an artificial intelligence (AI) platform for driverless vehicles.
By Gary Hewamadduma ACMA, CPA, CGMA, MBA, B.Sc.(Hons) in Computer Engineering. Let me start by saying, I am all for automation. All entities in our portfolio are geared for automation. Anytime we have a chance to use a piece of software to take care of things, we make use of that. In a wider spectrum, we also think of ways to improve ourselves in the long run by adopting the latest technologies.
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
The SAP Concur 2020 survey, Finance in the New World of Work , revealed gaps in organisations’ expense management, business travel, and remote work processes. According to Asia Insight , which conducted the survey, 38% of respondents submit expenses manually by filling out a form and enclosing physical receipts. The manual process results in tedious and error prone processes that do not take advantage of available technologies and process innovations.
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The bank-FinTech collaboration model is often about wielding digital-native FinTech solutions to fit within bank offerings. Yet this week’s look at the latest tie-ups reveals new models of collaboration, including FinTechs expanding their footprint within banking, and wielding banks to fit within their own tech solutions. Kabbage Steps Into Banking.
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Large pharmacy chains selling mixed merchandise are a mainstay of life throughout the developed world. Familiar planograms with the pharmacy in back, pulling shoppers through rows of candy and cosmetics to get their medicine is an everyday routine. Or it was. Big Pharmacy’s reliance on the sale of non-pharmacy products — a strategy that’s worked for years — may now be an Achilles’ heel in a post-pandemic battle for prescription drug market share, where waiting on pharmacy lines with sick people
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Corporate travel manager CWT paid $4.5 million worth of bitcoin in ransom this week to hackers who said they seized control of 30,000 company computers and two terabytes of data, Reuters reported on Friday (July 31). The news service said it learned details of the negotiations between Minnetonka, Minnesota-based CWT and the unidentified hackers because the talks played out in a publicly viewable chat room.
“Be careful what you wish for – you just might get it.”. That ancient proverb, one oft-repeated by mothers and fathers to their daughters and sons over generations, also applies to PayPal’s Darrell Esch’s path to his new role as general manager of Venmo. A 10-year PayPal vet, most recently in the role of senior vice president of credit, Esch told PYMNTS CEO Karen Webster that he was once asked years earlier if there was any other job at the company that he’d like to have.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
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“Fundamental changes to the B2B payments landscape are taking place today, faster than ever before, helping the ecosystem eliminate inefficient B2B payments processes.”. Access to capital hasn’t been this tight since the market meltdown of 2008, so motivated players are finding better, faster ways of moving B2B funds especially. “Today, visibility and speed of paying suppliers — and getting paid — are critical for businesses,” said Kevin Phalen , global head of Visa Business Solutions at Visa.
Millennials and Generation Z consumers get all of the attention when it comes to their changing digital habits amid the pandemic. Google the words “millennials shopping shift,” and page after page of listicles, think pieces and how-to articles appear. But do the same with “baby boomer shopping shift,” and one will find about a half a page of dedicated articles — and a lot of other pieces comparing boomers to millennials or talking about generational shopping shifts more broadly.
“Digitization has helped support remittance market continuity in the face of reduced mobility. We also believe money transfers relying on informal or unregulated routes are converting to formal money transfers, and may even help stabilize the market as travel restrictions likely remain.”. Markets are seeking stability, though not necessarily finding it, as business essentially “feels” its way forward in a bizarre, post-pandemic topography.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
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