PYMNTS

OCTOBER 7, 2020

Oracle Banking Payments announced Wednesday (Oct. 7) that it is supporting SWIFT ’s latest service to speed effortless global cross-border payments for small- and medium-sized business (SMBs) and consumer markets. “We see great potential for banks that are competing against FinTechs and alternate networks when it comes to cross-border payments,” Sonny Singh , Oracle Financial Services’ executive vice president and general manager, said in a statement.

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Currencies Banking Accounting Securities 145

Jedox Finance

OCTOBER 8, 2020

We are pleased to welcome renowned finance expert Mr. Brian Kalish back to the Jedox blog. In this blog, he explains why scenario planning is now more important than ever and, most importantly, what it can and can’t do. . For a recent article in the Wall Street Journal, “ Companies’ Financial Planning Comes Up Short in the Coronavirus Era ” I was asked how FP&A professionals could have predicted both the pandemic occurring and the scope and scale of its impact.

Financial Planning and Analysis (FP&A) 75

Financial Planning and Analysis (FP&A) Planning Leverage Communication 75

Capital CFO LLC

OCTOBER 9, 2020

You know who you are. You are the dedicated and passionate CEO of a nonprofit. You exist and work in a demanding environment, almost in a silo, filled with challenges: […]. The post Coaching for today’s nonprofit CEO appeared first on Capital CFO.

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Nonprofit CFO 52

Future CFO

OCTOBER 8, 2020

While many companies ramped up borrowing to ensure they had adequate liquidity runways through the initial economic crisis, they now turn their attention to earnings growth and the ability and willingness of companies to pay down additional debt loads, said Moody’s Investors Service recently. As the pandemic persists, companies face new risks, including delivering adequate earnings momentum and cash flow to manage or reduce the debt accumulated during the early phase of this unprecedented global

Investments 52

Investments Corporate Finance Economics Leverage 52

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

Investments

PYMNTS

OCTOBER 5, 2020

While the global pandemic has taken a toll on almost every business, consumer demand for all things touchless is surging — and has even been a driver of growth for QR codes. Although the 20-year-old technology has long enjoyed strong adoption in Asia (especially China), 2020 could go down as the year that U.S. merchants and shoppers fully embrace those ubiquitous square squiggly merchant codes.

Retail 144

Retail Accounting Technology Securities 144

Creative CFP

OCTOBER 5, 2020

The purpose of a management report is typically to gather data from the various parts of a business in order to report back to management on certain key performance indicators (KPIs). Business owners and stakeholders often rely on timely and relevant reports for strategic decision-making and goal setting. In a time when businesses and stakeholders are increasingly adapting to the automation and digitisation of processes, management reporting has begun to take on a new meaning.

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Future CFO

OCTOBER 7, 2020

Global confidence improved significantly during Q3 of 2020 despite fears of a prolonged recession resulting from the current pandemic, said ACCA and IMA (Institute of Management Accountants) recently. According to the Q3 2020 Global Economic Conditions Survey (GECS) — done jointly by the ACCA and the IMA, while there may be some economic expansion late this year, there is increasing expectation that significant economic recovery will be pushed into 2021. .

Economics 52

Economics Forecasting Accounting 52

PYMNTS

OCTOBER 9, 2020

A government report found that airplanes have a number of digital technologies that might become susceptible to hackers and says American regulators have not put sufficient methods in place to contend with the risk, Bloomberg reported. Entertainment systems, wireless networks, technologies that send information back to earth without intervention and position broadcasts are some of the complex digital infrastructure on commercial airliners.

Prioritization 139

Prioritization Entertainment Manufacturing Technology 139

KG Virtual CFO

OCTOBER 7, 2020

No business can escape the dreaded task of bookkeeping. While it’s definitely not one of the more glamorous parts of the job, bookkeeping is at the heart of small business success, which means errors can be crippling. To avoid the financial headaches that come with bookkeeping mismanagement, it’s important first to be aware of the pitfalls that can ensnare you.

Communication 52

Communication CFO Auditing Budgeting 52

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.

Accounting

CFA Institute

OCTOBER 4, 2020

Starting your own firm will not be easy. So keep these considerations in mind before you make the leap.

Investments 56

Investments Communication Leadership Economics 56

Future CFO

OCTOBER 5, 2020

As organisations progress in their digital transformation journeys, CFOs are making structural changes to their finance departments, These include weaving together a mix of shared service centres, centres of excellence, and outsourcing arrangements. They are also creating new opportunities for the remaining or “retained” finance function to add more value.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Benchmarking Finance CFO 52

PYMNTS

OCTOBER 5, 2020

The late Harvard Professor Clay Christensen was and is famed for the “jobs to be done” theory of business innovation. In a nutshell: Companies (and even consumers) “hire” goods or services to get where they want to go, to make progress, to satisfy goals. Kevin Phalen , head of global business solutions at Visa , told Karen Webster that the consumerization and the digitization of the B2B space are enabling firms to get the job — moving money — done with efficiencies previously unknown.

B2B 137

B2B Accounts Payable eCommerce Accounting 137

PYMNTS

OCTOBER 9, 2020

Consumers seeking out low- to no-touch payments options amid public health concerns have combined with an uptick in charitable donations and tips to boost the comfort with peer-to-peer (P2P) payment platforms, Silvana Hernandez , senior vice president of digital payments at Mastercard , told PYMNTS. Hernandez added that while there was no way to predict or prepare for the pandemic, she’s pleased that the existing payments infrastructure was in place for consumers to leverage — particularly durin

Leverage 135

Leverage Accounting Technology 135

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.

Accounting

PYMNTS

OCTOBER 9, 2020

Online brokerage Robinhood , which offers a suite of tools aimed at making investing easy and comparatively cheap for the uninitiated, said on Friday (Oct. 9) that hackers may have gained information about customers' personal email accounts, Reuters reported. The wire service said a Robinhood statement indicated that the company’s internal systems were not compromised and that they are “actively working with those impacted to secure their accounts.”.

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PYMNTS

OCTOBER 5, 2020

In the wake of the pandemic, B2B payments have had to evolve. But in an interview with PYMNTS, Mary Beth Joiner , senior vice president of relationship management at Comdata Corporate Payments, said that there have still been pockets of resistance in making the great digital pivot. While, pre-pandemic, corporate executives had been focused on price — the costs involved in shifting to digital payments — now they are more focused on two other “Ps,” which would be process and pain, which create cos

Healthcare 130

Healthcare B2B Reconciliations Accounts Payable 130

PYMNTS

OCTOBER 8, 2020

Ugandan police are investigating the hacking of a third-party processor of phone-based transactions, Bloomberg reported, that affected MTN Group and Standard Bank Group 's local units. Charles Twine, spokesman for the Criminal Investigation Department, said the hackers had gotten into the mobile money systems and stolen funds, according to Bloomberg.

Banking 129

Banking Investments Planning Technology 129

PYMNTS

OCTOBER 6, 2020

Credit card launches happen a lot, and tend to blend together after a while, particularly for payments peeps who keep a close eye on such things. But Venmo – which dropped its first credit card for consumers on Monday (Oct. 5), issued by Synchrony and powered by the Visa network – is aiming for something different than just another card launch. Darrell Esch , Venmo’s senior vice president and general manager, told Karen Webster in a conversation shortly before the launch that Venmo is trying to

Accounting 125

Accounting Finance 125

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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.

Reconciliations

PYMNTS

OCTOBER 8, 2020

Consumers love the opportunity to get paid instantly when they can. After all, who doesn’t want to get their money faster? . But with innovation comes risk — and anything that consumers use will always attract fraudsters looking to steal a cut of the action. . Ingo Money CEO Drew Edwards told Karen Webster that instant payments pose just such an attraction to fraudsters who hope to not only exploit security holes to get paid, but to get paid faster than ever before. .

Education 122

Education Leverage Accounting Technology 122

PYMNTS

OCTOBER 5, 2020

The past six months have been unquestionably difficult for movie theaters. First, they got shut down in early spring by mandated closures that lasted in many places until nearly summer’s end. Now they’re finding customers slow to return even as cinemas reopen — which in turn has made movie studios slow to release their biggest (and most expensive) blockbusters to run in mostly empty theaters.

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Sales Numbers Entertainment Marketing 123

PYMNTS

OCTOBER 5, 2020

Human beings are creatures of habit. Take popcorn and going to the movies. Americans consume roughly 13 billion quarts of popcorn every year, roughly 30 percent of that at the movies. Well, that was back when theatres were open, before COVID, and going to the movies was a regular part of a consumer’s routine. But in those good old days of 10 months ago, digging into a tub of popcorn while watching a movie on the big screen seemed an inextricable part of the movie-going ritual – and theater owner

Retail 122

Retail Sales Numbers Accounting 122

PYMNTS

OCTOBER 3, 2020

Brands have flocked to social media in an attempt to meet their consumers where they are and display a different side of themselves. Social media can be a terrific place to build bonds with one’s customers and show off a clever, avant-garde sense of humor – if a brand is good at it. And every once in a while, a brand does social media so “next-level” that seemingly the entire online world notices.

Marketing 121

Marketing Communication Leverage Numbers 121

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

Sales

PYMNTS

OCTOBER 8, 2020

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. In addition, Monese adopted Thought Machine’s cloud banking platform. Also seen in this week’s roundup of the latest in Bank-FinTech innovations was Alacriti teaming with The Clearing House on real-time payments (RTP), while Singapore Banking-as-a-Service (BaaS) startup RootAnt concluded a seed round with $1.46 mi

Technology 120

Technology Banking Startups Finance 120

PYMNTS

OCTOBER 8, 2020

The consumerization of payments continues. And it may be enough to fix what ails healthcare. In an interview with Karen Webster, John Talaga , executive vice president and general manager, healthcare at Flywire , said healthcare firms are getting creative with the ways they grapple with collecting on what patients owe — and closing revenue and cash flow gaps.

Healthcare 119

Healthcare Reconciliations Communication Planning 119

PYMNTS

OCTOBER 6, 2020

For small- to medium-sized businesses (SMBs), better cash flow management through mobile app? To that end, Monit said last week that it is rolling out its mobile finance platform to help give smaller firms more visibility into cash flow management. The app works across browsers deployed across tablets, mobile devices or desktops. In terms of mechanics, enterprises using the platform can receive cash flow predictions with dynamic cash flow views and customized suggestions how best to use funding

Leverage 118

Leverage Banking Finance Sales 118

PYMNTS

OCTOBER 9, 2020

With the holiday shopping season set to kick into high gear with Amazon Prime Day on Oct. 13-14, online merchants in America and beyond are preparing for the earliest, most aggressive selling season ever. Kenny Tsang , managing director at cross-border payments service provider PingPong , told Karen Webster that merchants must be ready — and must execute well.

eCommerce 118

eCommerce Sales Retail Technology 118

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

Marketing