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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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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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Saudi Startup Lendo Helps SMBs With Invoices

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Lendo , a peer-to-peer (P2P) lending marketplace for small- and medium-sized businesses (SMBs), wants to help them pre-finance their invoices so they can potentially get paid faster, according to a report. The company is doing its business as an alternative to regular short-term finance by borrowing money against outstanding invoices.

Finance 52
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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. As the financial landscape evolves, staying informed is the key to financial success.

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Small Businesses At The Center Of Bots Vs Accountants

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Separate reports from The Wall Street Journal ( WSJ ), published last April, also demonstrated the changing nature of corporate finance: While the Big Four accounting firms’ advisory and consulting revenue jumped by a combined 44 percent since 2012, revenue from straightforward auditing for the firms rose just 3 percent in that time.

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AI Finds Harmony With Accounting, Procurement Professionals

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The company cited McKinsey research , which concluded that up to 800 million jobs could be lost to automated technologies by 2030. The firm published its own report on Tuesday (June 5), surveying more than 400 finance, procurement and supply chain executives in the U.S., Accounting could be among the hardest hit industries.