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The largest franchisee of U.S. pizza chain Pizza Hut is reportedly considering options in the wake of financial woes, including bankruptcy. The news, reported by Bloomberg on Wednesday (Feb. 19), said that NPC International, which owns around 1,200 Pizza Huts, is about $1 billion in debt. In lieu of that, the franchisee has begun negotiations with lenders.
The International Day of Women and Girls in Science was established in 2015 by the United Nations General Assembly to recognize the critical role women and girls play in science and technology. We asked Rebecca Watson, Data Analyst AI at Jedox, to share her perspective.
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.
With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do. PYMNTS’ recent Making Real-Time Payments a Reality: Rising Demand for Real-Time Payments report, a collaboration with Mastercard, found that two-thirds of corporate surv
In today’s digital age, we have the ability to connect with people all over the world. While it has its obvious advantages, it’s easy to forget the loyal customers right next door! Given, many companies operate best in their local areas. Today we talk about small businesses and how local businesses can use tools to their advantage! According to a 2017 study by the ICSC, 89% of adults in the United States shop at small businesses (2017).
In today’s digital age, we have the ability to connect with people all over the world. While it has its obvious advantages, it’s easy to forget the loyal customers right next door! Given, many companies operate best in their local areas. Today we talk about small businesses and how local businesses can use tools to their advantage! According to a 2017 study by the ICSC, 89% of adults in the United States shop at small businesses (2017).
In our previous blog post “ Proven AI solutions for modern planning “, we shared detailed insights from Dr. Rolf Gegenmantel, our Chief Marketing & Product Officer, into data management and data integration as a basis for advanced analytics and automated sales forecasts at Mitsui Chemicals Europe. Now we take a closer look at how companies can benefit from the use of AI in the financial sector and how ServiceMaster improved their insights into customer churn rates using the Jedox
A global survey by Protiviti and NC State University’s ERIM initiative reveals the top 10 operational risks in 2020. This year’s respondent group comprises of 1,063 board members and C-suite executives from all major regions of the world, including Asia, on their perspective of the major risks businesses are likely to face this year, said Protiviti.
Bright lights, big (and small) cities and Big Data. In the drive to modernize, scale and handle burgeoning populations, cities are harnessing the power of data collection and analytics to improve infrastructure and services. As Mastercard Executive Vice President of Enterprise Partnerships and Head of Global Cities Miguel Gamiño told Karen Webster, it’s an endeavor that demands a long-term view and collaboration.
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.
Sweden’s Riksbank is assessing e-krona, a new form of digital currency that hopes to take the country a step closer to the creation of the world’s first central bank digital currency (CBDC), according to reports on Thursday (Feb. 20). The e-krona could eventually be used for banking functions — payments, deposits, withdrawals — from a digital wallet, Riksbank said.
Future tech is no longer the province of high-end retailers. Innovations in 3D and augmented reality (AR) eCommerce are leveling the playing field and bringing conversion-centered visual technology to any online retailer. “There have been amazing shifts in the ecosystem and demand is rising for 3D and AR tools that will help connect consumers with the right products and eliminate uncertainty in the buying journey,” said Ashley Crowder, CEO and co-founder of VNTANA , whose company introduced new
IoT technology has rapidly expanded beyond in-home devices into cities worldwide. Governments and institutions in Europe, India and the United States are experimenting with IoT solutions to enhance city life, and the technology is expected to create between $4 trillion to $11 trillion in value over the next several years. Municipalities could utilize it for everything from street light control and air quality monitoring to transportation safety.
Instant payments, digital commerce and banking across mobile devices are all gaining ground no matter where you look, geographically speaking. But among the most greenfield markets are those found in Latin America, where mobile devices may have high penetration, but traditional banking services do not. Consider the fact that the World Bank has estimated only 55 percent of adults in the Latin America and Caribbean regions have access to bank accounts.
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.
The Financial Crimes Enforcement Network (FinCEN) has announced Michael Mosier as its new digital innovation officer and deputy director. Mosier succeeds Jamal El-Hindi, who will serve as the interim chief data officer (CDO) for the Department of the Treasury. In that role, El-Hindi will apply his FinCEN experience to “help lead the vision, design and development of the Treasury’s agency-wide data and information management strategies,” per an announcement.
With some analysts projecting a trillion IoT-enabled devices to be in use around the world by 2035, defending the IoT ecosystem is becoming more crucial as emerging technologies spread across business sectors and spark the development of smarter cities, homes and automobiles. In the February Intelligence of Things Tracker , PYMNTS examines how connecting devices can promote efficiency, optimized operations and streamlined organizational structures — but doing so can also create favorable data br
As it faces a competitive retail market, Groupon Inc. intends to discontinue its sale of merchandise by the close of 2020. The firm plans to move from its current deal-focused approach to concentrate on local experiences, such as local painting classes or wine-tasting dinners, as The Wall Street Journal reported. At the conclusion of last year, Groupon said its customer base (excluding goods-only shoppers) was 35 million.
FinTech LendingClub is purchasing Radius Bancorp for $185 million in cash and stock, according to a report by CNBC. LendingClub provides personal lending online, and it wants access to funding that is more stable and not as expensive. Radius is based in Boston and has in the neighborhood of $1.4 billion in assets. The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide.
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.
The Chinese and American governments are engaged in another proxy war. Nothing new there. But for all the saber rattling, this time it’s not about battleships and fighter planes. What we’ve got now is a tech war over super high-speed data networks, more specifically, whose will dominate a web-connected planet. Chinese firm Huawei Technologies is seen as being in the lead at present, as technologists in the West slog through issues around standards.
The emergence of a novel threat — particularly one like the COVID-19 coronavirus that originated in Wuhan, China — has a way of bringing out some of the best and most inventive traits in people. That is observable in the medical workers who have put their health and lives on the line, rescue workers who have streamlined evacuations and researchers looking to run the virus through the best in computer modeling to get ahead of it.
Quick service restaurants (QSRs) are trimming store sizes and shifting priorities onto fulfilling digital orders as quickly and smoothly as possible. Staff can better focus on preparing meals for pickup and delivery when they do not also have to spend much time on face-to-face interactions with in-store customers. Some operations like Chipotle are even rolling out store designs that feature pick-up windows to let order-ahead diners collect their items without having to enter the restaurant.
Online bank N26 ‘s decision to exit the U.K. has customers feeling left behind, CNBC reported. The Berlin-based digital bank said it would not be able to operate in the country anymore in the wake of Brexit, as it will no longer have a license to do business there. The startup will shutter all of its U.K. locations on April 15. N26 made its entry into the U.K. in October of 2018 — more than two years after the U.K. made its decision to leave the European Union, but six months before Brexit
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.
Venture capitalists in China are putting record levels of money into tech startups in India, raising questions about the ability of the geopolitical rivals to work cooperatively, the Financial Times (FT) reported on Monday (Feb. 17). The geopolitical rivalry and “frosty relations” between the two countries have made India cautious about financial input from China. .
According to the Centers for Medicare and Medicaid Services , healthcare expenditures in the U.S. are expected to approach $6 trillion by 2027, with an annual growth rate that will eclipse GDP growth for that same period. That may not come as much of a surprise. What may be surprising, however, is the share of those expenditures that are borne by the consumer.
Outrider wants to do for yard trucks what Waymo did for ridesharing, and what Einride did for trucking, by providing autonomous alternatives. The company has raised a $53 million haul toward doing so, according to reports. The company, founded in 2017, has a goal to generate automatic vehicle transport in freight hubs, intending to reduce safety risks and costs.
Homesharing has been a part of the gig and sharing economies for nearly a decade, and consumers and homeowners alike are now asking such platforms for personalized support. Some consumers may wish to travel with their pets or book a room that accommodates their disabilities, for example, while others may want to ensure that the homeshares they are renting are LGBTQ-friendly before finalizing their itineraries.
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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