PYMNTS
APRIL 4, 2018
Retail continues to migrate toward eCommerce, but warehouse space is not designed to keep up with the increasing pace of online orders. The average age of a warehouse in the U.S. is more than 30 years old, and many lack modern features, CNBC reported. CBRE has found that most warehouses constructed prior to 2005 had low ceilings, tight space and uneven flooring — issues that are not easy to fix through a renovation.
The SaaS CFO
APRIL 5, 2018
Sample Chart of Accounts for SaaS I’ve received quite a few requests about a sample chart of accounts for SaaS, so let’s address a super critical component of your accounting. Not a “fun” topic per se, but you need to understand the concept behind your chart of accounts and implement the correct structure if you […]. The post Sample Chart of Accounts in SaaS appeared first on The SaaS CFO.
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PYMNTS
APRIL 6, 2018
The blockchain is making inroads into healthcare. Earlier this week, five healthcare firms operating across the U.S. insurance landscape said they’re launching a pilot program that will help boost the management of healthcare provider data. The five organizations include insurers Humana , UnitedHealthcare , Quest Diagnostics , Optum and MultiPlan. (Optum and UnitedHealthcare are part of UnitedHealth Group).
PYMNTS
APRIL 6, 2018
To give cryptocurrency startups and their founders a boost, Coinbase has started a new incubator fund called Coinbase Ventures. While the popular cryptocurrency exchange expects the fund’s profits to be small compared to those of its overall business, the fund already has $15 million and is expected to grow, CNBC reported. “We’re going to invest off our balance sheet into crypto-companies,” Coinbase President and Chief Operating Officer Asiff Hirji told CNBC.
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
APRIL 3, 2018
Small business (SMB) banking is in need of an overhaul. Between the threat of FinTechs and small business owners’ increasing willingness to switch banking providers, financial institutions are waking up to the demand for better SMB services. But an increased focus on innovation means the path to understanding what actually constitutes “better” is unclear.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
PYMNTS
APRIL 2, 2018
Consumers demand easy, digital banking, but this pressure for banks to deliver is also coming from corporate clients. Take mobile banking, which has propelled the introduction of mobile-only banks to meet demand for better services on smaller screens. It’s not only for consumers, though: Alternative lending firm Kabbage recently found that mobile lending is on the rise among small businesses, with a more than 360 percent increase in the number of SMB loans accessed via mobile device betwee
PYMNTS
APRIL 5, 2018
Another data issue for Facebook: The company announced that “malicious actors” were able to use search tools to discover the identities and collect information on most of its 2 billion users worldwide. The news came on the same day that the social media site admitted that data improperly shared with Cambridge Analytica could be much higher than the originally estimated 50 million users.
PYMNTS
APRIL 1, 2018
In a move that devastated, and perplexed, local officials nationwide, Amazon announced the forthcoming home of its second headquarters. It’s going to be Mars. In fact, according to Jeff Bezos, Amazon HQ2 will be the first building to be constructed in Alexalopolis which Amazon’s CEO explained to assembled reporters this morning, will someday be the capital city of Mars itself.
PYMNTS
APRIL 6, 2018
Hacking 24/7 when it comes to [24]7.ai ? Seems that way. In a week that saw possible data breaches at Delta , Kmart and Sears , Best Buy joins the parade of victimized firms. Data pilfered may have spanned names, credit card details and other important bits of personally identifiable information. There’s a common thread that runs through the roster of companies that may have been exposed.
Advertiser: Paycor
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PYMNTS
APRIL 6, 2018
The U.S. is home to more than 8,700 registered farmer’s markets, not to mention thousands of crafts and arts fairs, holiday festivals and other events, where small vendors come together to sell their wares. But making sales move and boosting the bottom line isn’t only about making compelling products. It’s also about utilizing the mPOS system to make it easy for merchants to accept payments quickly, stay organized and not spend too much revenue on fees.
PYMNTS
APRIL 6, 2018
What could possibly be worse for banks and retailers than fraud? According to Dr. Akli Adjaoute, CEO, Brighterion , it’s declines. “What good is a system if it saves you $1 on fraud but loses you $100 in false declines?” Adjaoute asked in a recent episode of the “AI Myths” podcast with Karen Webster. “You hear about the cost of fraud, but declines — that is, false positives — are just as costly.
PYMNTS
APRIL 1, 2018
They did it for the children. Amid plans and proceedings underway for liquidation, Toys R Us found a silver bullet in its quest for salvation. With one simple stroke of a digital pen, so to speak, the toy icon changed its name to Blockchain R Us. And the money came rolling in, to the tune of $7 billion in a day, from investors everywhere, and the company’s debt was retired.
PYMNTS
APRIL 4, 2018
For the 47 percent of Americans with prime credit scores, getting and using a credit card isn’t much of a problem. The problem, Petal co-founder and CEO Jason Gross told Karen Webster, is that it leaves around half of all Americans with only a few options: a credit card with expensive strings or no credit at all. Petal wants to change the math on how consumers gain access to credit – and turn the tables on how creditworthiness is assessed.
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
APRIL 5, 2018
Starbucks Coffee Korea Co. is launching voice ordering through Bixby, becoming the first retailer to use Samsung ’s voice assistant for orders and payment. The company is a joint venture between Shinsegae Group and Starbucks Coffee International , retail news source Chain Store Age reported. “We are pleased to provide our customers with more convenient ways to be rewarded for their purchases,” said Starbucks Coffee Korea CEO, S.K.
PYMNTS
APRIL 3, 2018
Experts say an employee phishing scam is likely to blame for the data breach affecting millions of Saks Fifth Avenue and Lord & Taylor payment cards. Reports in The New York Times on Sunday (April 1) said experts believe a notorious ring of cybercriminals implanted software into the retailers’ register systems, allowing them to access card data for a year.
PYMNTS
APRIL 1, 2018
In an effort to introduce digital payment options for Monopoly players, Hasbro has added Apple Pay to its latest version of its popular board game. Players will be able to use their mobile wallets in the game’s latest iteration, which has been dubbed iMonopoly, Hasbro said in an announcement on April 1, 2018. “Now, more than ever, consumers are using mobile wallets to pay for everyday purchases,” the Monopoly Man told PYMNTS.
PYMNTS
APRIL 4, 2018
Behind many mom-and-pop pizzerias is an owner swamped with work. Their time in the restaurant often stretches long beyond the traditional eight-hour work day. That doesn’t leave a lot of time for figuring out digital ordering. Through platforms such as Slice , small pizzerias can tap into technology that allows their customers to order pizza online for pickup or delivery — just like the larger national chains.
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
APRIL 3, 2018
Panera revealed the data of millions of customers for eight months or more before removing it from the bakery restaurant’s website Monday (April 2), reported KrebsOnSecurity. According to KrebsOnSecurity, the data, which includes names, email and physical addresses, birthdays, loyalty card numbers and the last four digits of credit card numbers, was visible in plain text on the Panerabread.com website for anyone that was signing up to place online food orders from the website for pickup or deliv
PYMNTS
APRIL 2, 2018
The Securities and Exchange Commission (SEC) announced news on Monday (April 2) that it charged Michael Liberty, the founder of Mozido , the FinTech startup, with scamming investors out of their money. According to a press release issued by the SEC, the regulator contends Liberty engaged in a scam to trick hundreds of investors into funding his shell companies instead of Mozido.
PYMNTS
APRIL 6, 2018
When a water pipe burst in his office, Ron Shah needed to find a place to hold meetings. He turned to the internet, but he couldn’t find a place to book spaces online. As a result, he came to understand the experience of booking meeting spaces offline: It’s hardly a hassle-free experience and can involve calling an individual property. Then, of course, people who work for large companies have the added complication of, say, needing the legal team to review the documentation.
PYMNTS
APRIL 2, 2018
“Does your business want to improve its spend management?”. Few CFOs would say “no” if asked that question: Spend management is attractive to companies for obvious reasons, as even successful companies face margin pressures. Yet there can also be some trepidation about the effort it will take to reimagine how spending is handled within the organization versus the benefits it will deliver.
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
APRIL 2, 2018
As Toys R Us winds down its operations, it is no longer accepting eCommerce orders through its website. Instead, the retailer is directing customers to liquidation sales at its brick-and-mortar stores for both its namesake and Babies R Us brands, industry news source Chain St ore Age reported. “Thanks for visiting,” reads a pop-up on the retailer’s website.
PYMNTS
APRIL 2, 2018
U.K. small businesses continue to struggle with access to bank funding, according to reports in Financial Times on Friday (March 30). Small business group SME Alliance spoke to the House of Commons select committee to discuss small firms’ ongoing challenges in seeking bank loans. Traditional banks remain reluctant to lend to small firms, the group said, using their size to gain a legal advantage over SMBs that file complaints with FIs.
PYMNTS
APRIL 3, 2018
Wells Fargo reached an agreement to sell assets of its Business Payroll Services unit to Asure Software , the companies said in a press release on Monday (April 2). Asure, which offers human capital management (HCM) and workplace management software solutions, will acquire Wells Fargo Business Payroll Services’ Evolution HCM customer portfolio, the firm said, and business customers using Evolution HCM will be transferred to Asure Software for payroll services.
PYMNTS
APRIL 6, 2018
After receiving positive feedback on its Pickup Towers, Walmart is rolling out 500 additional machines – with some new added features. The towers will also come equipped with Pickup Lockers to enable customers to receive merchandise such as televisions, Chain Store Age reported. “Our customers have been clear: They love the Pickup Tower,” Walmart wrote in a blog post. “But, they also told us they wanted the ability to retrieve larger items the same way.”.
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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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