PYMNTS
AUGUST 3, 2020
Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino that laundered money for an arm of “one of Europe’s most dangerous mafia organizations,” the Financial Times reported on Monday (August 3). The paper cited documents and “Italian legal sources” in its story about the organized crime syndicate ’Ndrangheta and CenturionBet, an online gaming company based in Malta.
The SaaS CFO
AUGUST 3, 2020
The SaaS revenue cycle all starts with bookings. But what is a booking? And how does a booking differ from invoicing and revenue? SaaS is full of metrics, but in this case, we are mixing SaaS and accounting terminology to make things even more confusing. In this post, I will explain the differences among a […]. The post Bookings vs Invoicing vs Revenue | The SaaS Revenue Cycle Explained appeared first on The SaaS CFO.
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CFA Institute
AUGUST 4, 2020
Some sorts of financial news stories are best avoided.
Adam Kae
AUGUST 6, 2020
It’s More than Just Side-Eyeing the Competition. Competition analyses are commonly overlooked at first view. We promise - they’re important! That’s part of why they’re a noted part of our service packages. Knowing your competition is more than being the candy company stalking the Willy Wonka Chocolate Factory gates. Rather, the modern version of competition analysis is 100% ethical, and it can be a tool for both parties!
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
AUGUST 7, 2020
Companies that have filed for Chapter 11 bankruptcy are using the court protection to end long-term lease agreements early and close thousands of stores, reported Bloomberg. The news site named Neiman Marcus Group Inc, Brooks Brothers Group Inc, J.C. Penney Co., J. Crew Group Inc. and the owner of Ann Taylor as companies looking to use this protection to avoid lease renegotiations and even back out of rent obligations altogether.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFA Institute
AUGUST 3, 2020
Is a portfolio long or short volatility? That question is becoming more and more critical.
Creative CFP
AUGUST 4, 2020
In response to COVID-19, SARS has re-designed the 2020 tax filing requirements for individuals. Some material changes have been made to simplify the process and remove the need to visit SARS branches in an aim to become more efficient and observe social distancing. Through the increased use of third-party data, SARS will be completing your tax return for you.
PYMNTS
AUGUST 4, 2020
The past several years have been good times for digital banking players popping up to challenge traditional brick-and-mortar financial institutions for market share, but recent months have accelerated that trend into overdrive. Consumers worldwide are realigning their entire lives around digital — and looking for financial services providers to meet their new, emerging lifestyles.
CFO Plans
AUGUST 5, 2020
By Fizal Meera, Associate Controller – CFO Plans. (Note: This article is meant for non-accounting business professionals with minimal or no accounting knowledge). You may have heard of prepaid income or perhaps unearned income. Well, It’s all identical. They are just alternative ways of naming deferred revenue. Software subscriptions are the survival tool of any SaaS business.
Advertiser: Paycor
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!
CFA Institute
AUGUST 5, 2020
By giving our feedback, we can stand up for and speak out on three core advocacy principles.
Planful
AUGUST 7, 2020
Planful is full of FP&A professionals, from our product and sales teams to our services and implementation teams, and, of course, our finance team. Planful was built this way so we’re always talking to our customers in the language of finance. We’ve been in your same roles, and many of us know, first hand, the challenges you face everyday. . I’m a good example of that approach.
PYMNTS
AUGUST 5, 2020
The great digital shift, along with the pandemic, has brought all manner of activities into the virtual realm — most notably, of course, commerce itself. To that end, as Coinstar CEO Jim Gaherity told PYMNTS, the stage is becoming increasingly set for currency — the literal cold, hard stuff of bills and coins — to be rendered in bits and bytes. The evolution — beyond sorting coins stored in proverbial piggy banks and coffee cans and toward bill pay and commerce, all in a self-service environment
CFO Plans
AUGUST 5, 2020
I am excited to announce the corporate partnership of CFO Plans with Brex. All of our new and existing clients will benefit in multiple ways. CFO Plans is known for managing the entire back-office accounting operations for mid-sized companies with the highest quality, and I believe this partnership is another step forward in delivering what we are known for. .
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
Future CFO
AUGUST 7, 2020
A member survey by the Association of Chartered Certified Accounts (ACCA) Hong Kong during February 17-19, 2020, revealed that insufficient liquidity (43%) to be one of three main challenges facing enterprises. The others being employee productivity (65%) and sales decline (59%). The top three remedial measures currently taken by most of the finance departments in both Mainland China and Hong Kong are: cash flow and liquidity planning (51%); reduction of unnecessary spending and cost control (46
Adam Kae
AUGUST 4, 2020
We had an epiphany. That’s right! We saw the star and we’re running toward it! When we developed the Adam Kay Way, we had no idea how big its impact could be on businesses. We’ve previously discussed the , McKinsey Business Impact Report , and we wanted to take a deeper dive into the McKinsey 5 Horizons. These horizons urge business leaders, especially amidst the COVID crisis, to think along these lenses in order to create actionable solutions.
PYMNTS
AUGUST 5, 2020
Western Union (WU) reported Tuesday (Aug. 4) that while second-quarter revenues fell for much of its business, WesternUnion.com’s average monthly active customers shot up 45 percent year over year. Chief Financial Officer Raj Agrawal told PYMNTS that Q2’s digital growth was “unbelievable.”. Agrawal said the company’s digital operations have grown not just in terms of dollar amounts, but also in terms of how many new customers the pandemic has brought in.
PYMNTS
AUGUST 5, 2020
In Greek mythology, Thrasos is the character that personifies boldness. Drop the ‘os’ and add an ‘io,’ and it’s a company that personifies the fast track to digital commerce success. Thrasio has taken its Amazon-centric business model to a high level at high-speed, snapping up some of the marketplace’s hottest sellers and creating a company that one of its investors says is “revolutionizing eCommerce.”.
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
AUGUST 3, 2020
When it comes to B2B payments fraud, it’s not a matter of if it happens, but when. Speaking with Karen Webster in a recent interview , OnPay Solutions President and CEO Neal Anderson explained that organizations have to prepare themselves to mitigate the fraud threat, even as employees work from home. “Everybody needs to be suspicious,” he said. “Everybody should worry that this activity is happening.
PYMNTS
AUGUST 4, 2020
The global pandemic has changed commerce fundamentally — a fact confirmed in Visa ’s new Back to Business study. To say that consumers have shifted dramatically toward digital commerce — or that small- to medium-sized businesses ( SMBs ) all over the world have been rapidly pivoting to keep up with them — is almost an understatement. According to the eight-country study, 78 percent of consumers have changed how they pay for things so as to reduce contact in their commerce.
PYMNTS
AUGUST 3, 2020
Mobile payments penetration has historically faced a gap in Southeast Asia , Joel Neoh , founder of leading regional online-to-offline company Fave , told Karen Webster. Consumers in locales like Singapore, Malaysia and the Philippines can store payments credentials on their phones and make online purchases with no problem, but it was a different story using them in physical locations.
PYMNTS
AUGUST 4, 2020
Although the 2008 financial crisis jolted the world economy, the financial conditions leading up to the disruption had been a long time coming. It’s perhaps the biggest economic difference between then and the current climate, in which a global pandemic thrust millions of workers in the U.S. into unemployment and fractured supply chains across the globe — all within a matter of days.
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
AUGUST 7, 2020
Global travel may be down, and border restrictions remain in-place, but that doesn’t mean cross-border payment volumes have taken a hit. The need to purchase goods and services remains as high as ever, and increasingly, spend is occurring on an international scale. While the barriers to reaching an international consumer base are low thanks to innovations in eCommerce, online retailers and merchants still struggle to provide their global consumers with the same payments experience their do
PYMNTS
AUGUST 7, 2020
Payments are everyday occurrences for businesses and consumers, and they have been for thousands of years. Transactions once conducted by trading pieces of gold are now accomplished through digital means, with both parties using cards, wire transfers or even smartphone apps to send or receive funds. These transactions often take hours or days to clear, however, which can result in frustration because funds are often needed as soon as possible.
PYMNTS
AUGUST 7, 2020
People in the developed world tend to have skewed views of developing countries that they’re unlikely to ever visit — like Cambodia, according to Matthew Tippetts , co-founder and CEO of Phnom Penh-based payments platform Clik. Tippetts told Karen Webster that those from advanced countries think of Cambodia as “frontier,” “underdeveloped” or “running critically behind the rest of the world,” but that overlooks the Cambodian market’s complexity.
PYMNTS
AUGUST 4, 2020
When the story of the coronavirus is written, when it comes to financial services, the key chapters will focus on the pace at which innovation accelerated — and where a range of players came together to create ecosystems, rather than to simply compete in zero-sum, winner-take-all bids for consumers. Those ecosystems will leverage the trust that consumers have placed in traditional financial industry players and tech companies of all sizes – including Big Tech , of course.
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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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