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Walmart Offers Cheaper Supplier Finance For Sustainability

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Walmart and HSBC are introducing a new initiative that pegs supplier financing rates to that vendor’s sustainability performances. Suppliers that show progress can apply for HSBC financing. The Project Gigaton initiative is Walmart ‘s effort to cut one billion metric tons of greenhouse gasses from its value chain by 2030.

Finance 70
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Corporates Step Up To Welcome AI, Blockchain

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Separate research last month also examined how corporate finance expects are bracing for this digital disruption. Finance professionals spoke with Gartner, Inc. The World Trade Organization’s latest analysis on the technology found blockchain could add $3 trillion to the world’s global trade markets by 2030.

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Small Businesses At The Center Of Bots Vs Accountants

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In a 2017 report from job hunting site Indeed , researchers found that “small business accountant” was nowhere to be found in the top-10 job positions sought after by most small business employers. “Bookkeeping is the low-value work performed by accounting firms,” he said.

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Cross-Border Payment Efforts Look To The Blockchain And Beyond

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Separately, Bill.com , in addition to securing $88 million in financing, has launched a partnership with Mastercard to speed up accounts payable for joint business customers. During the second quarter, the company will enable payments to more than 14 countries spanning the U.S., Canada and Asia.

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AI Finds Harmony With Accounting, Procurement Professionals

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While AI can deliver time and cost savings, automation and actionable insights, executives are also concerned that the tool will displace professionals like accountants and procurement officials. The company cited McKinsey research , which concluded that up to 800 million jobs could be lost to automated technologies by 2030.

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Startup Roundup: Letting The Machines Do Their Thing

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Automation could replace 30 percent of jobs by 2030 and affect fully half of all jobs by then. The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms.

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Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

Automation could replace 30 percent of jobs by 2030 and affect fully half of all jobs by then. The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms.