Sat.May 30, 2020 - Fri.Jun 05, 2020

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Alabama Reopens And COVID-19 Cases Soar 300 Pct Month Over Month

PYMNTS

After Alabama reopened on May 1, the state has seen coronavirus cases surge by 300 percent month over month, with intensive care units (ICUs) at less than 4 percent capacity remaining and medical workers “exhausted physically and mentally,” Montgomery Mayor Steven Reed said on CNBC. Reed said his region has “improved marginally,” but that it is “not enough to get us out of this crisis moment.” “We can manage it, but we can’t sustain the trend that

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3 Perspectives on Good Board Meetings

BlueLight

In the last article we wrote about structuring investor updates and how important these are in an unprecedented situation like COVID-19. Some startups are thriving in this situation and some startups are fighting for survival. Either way, the business environment is changing rapidly and this typically means startup founders and their boards are communicating much more frequently than in a “business as usual” situation.

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The benefits of continuous planning

Jedox Finance

We are pleased to welcome one of our valued Jedox Partners in the USA as a guest to the Jedox Blog. Headquartered in North Carolina, FutureView Systems shares their unique insight on the benefits of integrated continuous planning.

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Adam Kae vs Traditional Consulting Firms

Adam Kae

Like many other industries, it seems like business consulting is quickly becoming saturated. While there are many brilliant minds behind many of these companies, there are also many who simply don’t have the experience and expertise to drive your company to success. Consulting is a $260 billion industry where 7.5% of the market is financial advising (like us!

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The Growth Architect: How Financial Leaders are Unlocking Potential

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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Bitcoin Daily: Nike Offers Crypto Rewards For Online Purchases; BlockFi Teams With Bitcoin Mining Pool On Lending, Financial Services

PYMNTS

Plutus , a British FinTech startup, is providing rewards via its credit card to customers who buy from the eCommerce store of Nike , Cointelegraph reported. The rewards are made with Pluton, the native digital currency of the company. Users can receive additional rewards by staking their digital tokens through the company’s app. Users have to utilize the Plutus Visa card as they shop through the web to get the benefit.

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Jedox 2020.2: Streamlined user management and new configurable login page

Jedox Finance

Jedox 2020.2 version brings new capabilities for Jedox administrators to simplify user management, and task scheduling. New design tools enable customization of Jedox login pages to match corporate identity.

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The Half-Life of Financial Knowledge: Glorification of Change vs. Innovative Specialization

CFA Institute

What is the half-life of financial knowledge and how can professional investors win the race against it?

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Atlanta Fed: Real GDP Estimated To Fall 52.8 Pct In Q2

PYMNTS

Real gross domestic product ( GDP ) is projected to plummet 52.8 percent in the second quarter, according to the Federal Reserve Bank of Atlanta’s GDPNow as of Monday (June 1). The model, which offers a “nowcast” of the official estimate before its release, had forecast a 51.2 percent drop on May 29, according to an announcement. The nowcasts of real personal consumption expenditures growth for Q2 fell from a 56.5 percent drop to a 58.1 percent drop, and real gross private domestic investm

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APAC divestment intentions remain strong despite the pandemic

Future CFO

Divestment intentions seem unfazed by the COVID-19 pandemic and remain at high levels in Asia-Pacific, said EY that released the results of its Asia-Pacific edition of the EY 2020 Global Corporate Divestment Study recently. Conducted annually, this year’s study surveyed more than 400 Asia-Pacific executives in the period before and after the onset of the COVID-19 pandemic, according to EY.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

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!

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Budget vs Actual Variance Analysis

BlueLight

Last month, I wrote an article about the FP&A function of the CFO suite ( link ). For this piece, I’ll dive into a tactical analysis that is important to every CEO and CFO, the budget vs actual variance analysis. Source: Vena Solutions What is the Budget vs Actual Variance Analysis It is a comparison of your company’s planned financial performance (budget) compared against the final financial results (actual) for a given time period.

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Do Alternative Investments Dampen Portfolio Volatility?

CFA Institute

Don't expect alts to be risk dampeners.

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MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

PYMNTS

Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It is one of the region’s fastest-growing companies, having just turned in a stellar first quarter in a region that has more complexities than any of its northern neighbors.

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Optimising cash flow to keep the business going

Future CFO

With many firms instituting remote work and typical finance management systems being disrupted, it is more crucial than ever to see and proactively manage employee spend. Accessing FutureCFO Premium Content. Welcome! To access Premium content and more, please login below. Not a Premium member yet? Register now for a free account! Username or Email. Password.

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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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Conquer the sales planning riddle!

Jedox Finance

A riddle is by definition a confusing or difficult problem or question. But ask a sales executive for an example of one rather than a definition, and it’s very likely that they will bring up the sales planning process. The importance of sales planning is not in question. Regardless of the industry sales executives are [.

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Three Ways Asset Managers Can Evolve Their Business Model and Embrace Responsible Innovation

CFA Institute

How can responsible innovation be applied to transform the asset management industry?

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The Machine Learning Fix For Healthcare Disbursement Delays

PYMNTS

Financial institutions (FIs), businesses and healthcare providers are adjusting their operations to suit the new reality that the COVID-19 pandemic has caused. Healthcare provideers, for example, are turning to telehealth solutions to service patients for routine appointments as to keep those individuals from entering hospitals or doctors’ offices and risking exposure.

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Considerations for the best in the Procure-to-Pay marketplace

Future CFO

Technology continues its rapidly evolution as it tries to match the pace of change in the business environment. With this evolution comes complexity and an increasingly competitive marketplace. The Gartner Magic Quadrant is positioned as the first step towards understanding the some of the technology providers for consideration when organisations are investing in a specific technology.

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

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.

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Cloud Computing Takes On The Legacy Issue

PYMNTS

Isn’t it surprising to know that 70 percent of financial institutions are just now adopting cloud computing solutions? Or how about this fact: over 90 percent of the world’s top 100 banks still use physical mainframes running 20th century style. So, what’s holding up the upgrades? It’s that old devil, legacy, and a smidgen of caveat emptor on the part of upgrading banks.

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How To Reopen The Workplace: Digital Test Results And Blockchain

PYMNTS

Daily life has been upended by the coronavirus. And where there is uncertainty there is fear. Fear of who’s got the dreaded virus and who may look completely asymptomatic — and who, unwittingly, may be putting countless other people at risk. Shane Bigelow , CEO of Vital Chain , which uses blockchain to help individuals download and control how healthcare data is used — including COVID-19 test certification — told PYMNTS in a recent interview that digital certificates can go a long way toward reo

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Why ‘Privacy By Design’ Is Mobile Apps’ Next Big Thing

PYMNTS

After some three months of keeping consumers at home, governments around the world are beginning to let people publicly mix again — albeit in a modified fashion that involves wearing masks, keeping socially distant and limiting crowded indoor locations. The big question is how to make sure infection rates and hospitalizations don’t skyrocket. As CEO Jon Prideaux of mobile payments and identity platform Boku noted in a recent conversation with Karen Webster, China, South Korea and Singapore are u

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Real-Time Payments’ Real-Time Achilles Heel

PYMNTS

The role of application programming interfaces (APIs) in banking and B2B payments has grown progressively larger over recent years, especially overseas. The United Kingdom has more than 200 providers developing APIs , for example, and these developers made 200 million requests for bank data via APIs just in January. These APIs are constantly threatened by fraud, however.

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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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Western Union Eyes Buying MoneyGram

PYMNTS

Western Union could be looking to acquire MoneyGram in a transaction that would unite two of the country’s largest money transfer services, according to Bloomberg. Western Union has made a takeover offer to MoneyGram, but nothing has been made official, Bloomberg reported, citing a source who asked not to be identified. MoneyGram has been struggling during the pandemic, with its physical locations having to close around the world as governments impose stay-at-home orders.

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Lyft Rides Up In May From April But Still Down 70 Pct YOY

PYMNTS

While Lyft’s ride counts are rising from the worst parts of the pandemic, they’re still down 70 percent from a year ago, CNBC reported. Lyft’s ridership, affected as other such companies have been by the pandemic, was up 26 percent in May compared to April, a regulatory filing said. These numbers are among the first companies have offered as states have begun to reopen after the worst of the pandemic.

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Pandemic Leads To Short-Term Rental Sell-Off

PYMNTS

The coronavirus pandemic has many smaller property owners looking to unload their properties to save money, which could lead to big owners seeing a market ripe with purchasing opportunities, according to a CNBC report. The companies on the defensive right now also include venture capital-backed rental companies and vacation rental apps like Airbnb. The U.S. travel economy has taken a decisive $195 billion revenue shortfall since March when the pandemic began, according to CNBC, which cited a rep

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It Takes A Hub: Fighting eCommerce Fraudsters Across New Vectors

PYMNTS

As commerce shifts online in a pivot that is likely to remain permanent, the fraudsters are also shifting their targets — and methods. And as Rob Tharle , head of fraud strategy at NICE Actimize , told PYMNTS in a recent interview, financial institutions (FIs) and merchants need to adopt a multi-layered approach to combatting those bad actors. “There are a number of areas where the fraud threat has increased this year and where we have seen an increasing trend — and the current situation with CO

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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.