Oracle Streamlines Corporate Bank Account Management

PYMNTS

The company announced Tuesday (July 24) that its Oracle Banking Virtual Account Management solution is now available to corporate banks. The solution aims to simplify banking for businesses with multiple bank accounts in multiple currencies. The tool provides virtual account management (VAM) — a non-physical account used by corporations to manage working capital.

PSCU Names Two New Account Management Execs

PYMNTS

PSCU, one of the nation’s premier Credit Union Service Organizations (CUSO), has named two new account management executives, as part of what the company calls its continued commitment to delivering a best-in-class experience, according to a press release. Yvonne Stelpflug and Kim Ploof have both been named as managing vice presidents of account management.

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Wirecard: Internal Investigation Clears Accounting Manager

PYMNTS

Wirecard, a German payments company, said an internal investigation has cleared its Asia-Pacific accounting manager who was accused of faking transactions to boost revenue numbers. Citing internal documents, FT reported that a senior executive at Wirecard was suspected last year of using forged and backdated contracts in a series of suspicious transactions, which raised concerns about the accounting integrity of the company.

SMBs Say Banks Don’t Appreciate Their Business

PYMNTS

Small businesses represent a challenging, but lucrative, customer segment for banks that need to balance customers’ desire for high-touch service with the realities of managing the cost of service,” Bob Neuhaus, Vice President, Financial Services at J.D. And banks that provide an account manager score higher on the satisfaction scale. In fact, overall satisfaction is 112 points higher among SMBs who have been assigned an account manager than among those who do not have one.

Sharpening The Swiss Army Knife Potential Of Mobile Card Services

PYMNTS

Mobile card services could be the Swiss Army knife of card management for consumers, because of the capabilities they can make easily accessible to the customer or business using them. Digital Banking account management banking cash flow digital payments Featured News mobile card services News Ondot

TSYS Continues Payment Agreement With Tesco Bank

PYMNTS

million accounts and policies to customers for retail banking. TSYS has proven itself as the right partner for Tesco Bank as we continue to look for new and innovative ways to grow and improve our credit card business,” said David McCreadie, managing director at Tesco Bank. TSYS will continue to provide full customer account management services on its TS2 platform.

Common Accounting Mistakes: Government Edition - Issue #10 Indirect Rate Calculations and Associated Risks

SMBAccountant

As part of any cost accounting management system, rates are determined in order to apply costs that are not directly related to a product or service. Rate changes can also effect management of overspending on contracts. Indirect rates are not exclusive to government contractors.

Common Accounting Mistakes: Government Edition - Issue #4 Documentation to Prove It!

SMBAccountant

What documentation do you have that proves all purchases are approved by a supervisor or manager before they are made? Approved purchase orders provide great supporting documentation for approval of purchases, as well as help accounting manage cash flow and billing. Most accounting software allows attachments to each transaction now. We highly recommend this, so that each accounting entry has the supporting documentation accessible with a couple clicks.

Common Accounting Mistakes: Government Edition - Issue #4 Documentation to Prove It!

SMBAccountant

What documentation do you have that proves all purchases are approved by a supervisor or manager before they are made? Approved purchase orders provide great supporting documentation for approval of purchases, as well as help accounting manage cash flow and billing. Most accounting software allows attachments to each transaction now. We highly recommend this, so that each accounting entry has the supporting documentation accessible with a couple clicks.

How to Provide "View-Only" Business Account Access to Your Outsourced Accountant

FusionCPA

Accountants and bookkeepers are responsible for recording, organizing, and analyzing your business transactions. Most accounting institutions recommend that businesses pay invoices and receive payments directly through their banks.

Significant Changes to the Economic Injury Disaster Loan (EIDL) Program Announced by the SBA

KROST

Once you have been approved, log into your SBA account on the portal (Do not apply for another loan), verify additional eligibility, and submit a loan modification to receive up to $2 million.

[Webinar] Employee Retention Credits: Qualifications, Benefits & Refunds

KROST

Join Jason Melillo, CPA (Principal – Accounting, ERTC) and Jeff Kamin, CPA (Manager, Accounting, ERTC) as they host a webinar on Employee Retention Tax Credits (ERTC) on Wednesday, February 10th at 9:30AM PST. Jeff Kamin, CPA, ManagerAccounting.

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How Much Does a Bookkeeper Cost?

xendoo

Running a small business is a big job and you may not have the time or experience to manage your own books. There’s no set cost for hiring a professional to manage your business’s finances. Some factors that affect what accountants charge include: . Reconcile bank accounts.

[Webinar] Employee Retention Tax Credits: Qualifications, Benefits & Refunds

KROST

Join Jason Melillo, CPA (Principal – Accounting, ERTC) and Jeff Kamin, CPA (Manager, Accounting, ERTC) as they host a webinar on Employee Retention Tax Credits (ERTC) on Thursday, March 4th at 10:30AM PST. Jeff Kamin, CPA, ManagerAccounting.

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Are You Hiring? Maybe Paro Is The Answer.

RitaKeller

Some firms have turned to Paro to obtain experienced tax and accounting skills. Paro is a talent marketplace for US-based accounting professionals (freelancers). “We wanted to create a platform where freelancers could connect with the right client.”

Top Online Bookkeeping and Accounting Services for 2021

xendoo

Accurate information from bookkeeping is not only necessary to know where your business stands financially at a given moment, but it is also essential for strategy planning, managing cash flow, and predicting profitability. . An online bookkeeping service can help you manage: .

[Webinar] Employee Retention Credits: Qualifications, Benefits & Refunds

KROST

Join Jason Melillo, CPA (Principal – Accounting, ERTC) and Jeff Kamin, CPA (Manager, Accounting, ERTC) as they host a webinar on Employee Retention Tax Credits (ERTC) on Thursday, March 4th at 10:30AM PST. Jeff Kamin, CPA, ManagerAccounting.

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[Second Session] PPP Second Draw Loan Program & the Revised Employee Retention Credit – Eligibility and Process Webinar

KROST

Paren Knadjian ( Practice Leader, M&A, and Capital Markets ), Stacey Korman, CPA ( Principal ), Sossi Bekarian, CPA ( Senior Manager ), and Jeff Kamin, CPA ( Manager, Accounting, ERTC ) hosted a second session on the PPP Second Draw Program & Employee Retention Credits webinar.

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KROST Quarterly Magazine: The Technology Issue, Vol 4, Issue 2, is Now Available!

KROST

The Technology Issue highlights some of the hot topics in the technology industry including Client Accounting Services (CAS), Nonfungible Tokens, the Effect of Upcoming Changes to IRC Section 174 on the Software Development Industry, and more. Kniss, CPA, Managing Principal.

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Finding Bribery and Corruption Schemes

FraudFiles

When fraud happens within an organization’s accounting system, there is often a paper (or digital) trail left behind. They happen almost completely outside the accounting system, so they often don’t leave a paper trail.

Content Marketing – Distinguishing your Accounting Business

PANALITIX

Distinguishing your Accounting Business. Content marketing in the in-store sampling for accountants. In Panalitix, we help Accountants to be better at content marketing by following these steps: It’s all about the Message! We encourage accountants to reveal their uniqueness.

[WEBINAR] PPP Second Draw Loan Program & the Revised Employee Retention Credit – Eligibility and Process

KROST

Paren Knadjian ( Practice Leader, M&A, and Capital Markets, PPP Forgiveness ) and Jeff Kamin, CPA (Manager, Accounting, ERTC) will host a free webinar on the PPP Second Draw Program & Employee Retention Credits. Paren and his team at KROST have assisted over 350 entities in procuring, managing and obtaining forgiveness for more than half a billion dollars of PPP, EIDL, and Main Street loans. Jeff Kamin, CPA, ManagerAccounting. Accounting.

Varo Bank Raises $510M for Customer Growth, Tech Innovation

PYMNTS

Additional investors included Declaration Partners, Eldridge, Marshall Wace, Berkshire Partners/Stockbridge, and funds and accounts managed by BlackRock. All-digital bank Varo Bank has closed a funding round with $510 million, according to a press release.

BoE Enlists Payments, FinTech Firms to Study CBDC

PYMNTS

The CBDC will come with a unified payment system, a bank account management system and more. The Bank of England has staffed two third-party working groups, which will provide input as the central bank looks into a central bank digital currency (CBDC), The Block reported.

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Rent Reporting Startup Esusu Lands $10M In Series A

PYMNTS

Esusu is bringing personnel onboard throughout multiple departments, such as sales, account management, human resources, marketing, operations, product, data science and engineering, according to the announcement.

Citi Latin America Launches Digital Accounts For Corporate Clients

PYMNTS

Citi Treasury and Trade Solutions (TTS) Latin America has rolled out its Citi Digital Account to help institutional clients digitize their banking experiences, eliminating the need for wet-signed signature cards, checkbooks or manual transactions, according to a press release.

China’s Central Bank Wants To Help SMBs Borrow

PYMNTS

Authorities will have commercial banks waive account management fees for small businesses and eliminate settlement fees on transactions. The People’s Bank of China said Friday (July 9) it was taking measures that would help commercial banks lend more money.

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Visa Seals £700M Deal For Acquisition Of Currencycloud

PYMNTS

The platform offers real-time notifications on foreign exchange transactions, multi-currency wallets and virtual account management. Currencycloud will maintain its London headquarters as well as its management staff. “At

B2C Text Messaging Company Gupshup Lands Further $240M

PYMNTS

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American Express Acquisition Kabbage Rolls Out Checking For Small Businesses

PYMNTS

Online lender Kabbage, which was acquired by American Express last year, is rolling out a checking account for small businesses, according to a press release.

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iGTB Digitizes Vietcombank Corporate Banking Offerings

PYMNTS

Vietcombank is all set to become the first Vietnamese bank to digitize all payment activities and cash flow management of institutional customers,” he said in the release.

B2B Payments Today: Sunwest Bank On PPP's Long-Term Lessons; Emburse Steps Into Accounts Payable

PYMNTS

Today in B2B payments, Sunwest Bank discusses the long-term lessons of PPP, and Emburse steps into accounts payable. Plus, Ganaz discusses agriculture workers' payroll needs, Societe Generalte partners with Temenos, and Provi tackles alcohol procurement in New York.

BNPL Provider Openpay Launches In US

PYMNTS

The target customers, according to the release, are "finance-savvy and of an older demographic who use Openpay plans as a cashflow management tool.". Michael Eidel , CEO and managing director of Openpay, said in the release that the U.S.

Nigeria to Debut its eNaira Currency Today

PYMNTS

Godwin Emefiele , governor of the Central Bank of Nigeria (CBN), said the eNaira will operate as a wallet, allowing customers to store existing funds in their accounts. Nigeria’s eNaira digital currency will roll out officially on Monday (Oct. 25), according to Reuters.

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Fueling Retail, Card Innovation With Digital Technologies  

PYMNTS

65.8%: Portion of debit-centric consumers who want card apps to offer easier account management. Livestreaming online shopping is finally gaining momentum in the United States, via an evolving business model from Glamhive.

Monily Debuts Controller Services For SMBs

PYMNTS

This new range of services, with its state-of-the-art and proactive account management approach, aims to help businesses plan ahead with accurate, timely insights and financial advice,” Monily said in the release.

Uptick In Customers Prompts Payoneer To Anticipate Volume Up To $60B For '21

PYMNTS

And we’re going to continue investing in our industry leading infrastructure and product platform, while further enhancing our deep risk management and compliance capabilities.”. The CEO of global payments and commerce platform Payoneer told analysts and investors Wednesday (Aug.

TIS Optimizes Payment Visibility For Global Corporates

PYMNTS

The system provides functionalities for safety, compliance, cash management and account management. B2B Payments B2B cash flow management data analytics News TIS What's Hot In B2B

Spreedly Fills Three Top Roles

PYMNTS

Her prior roles at Spreedly included account manager in the new customer acquisition team and a senior role in the customer success team. Spreedly said it manages $14 billion year in customer transactions.

China’s Central Bank: Digital Yuan Won’t Replace Alipay, WeChat Pay

PYMNTS

He added that bitcoin's popularity had posed at least a partial threat to capital account management, Bloomberg reported. Taken together, the two account for about 98 percent of the country’s mobile payments market.

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Barclays Partners With Amount For Point-Of-Sale BNPL Solution

PYMNTS

Barclays said the new platform, expected to go live later this year, will be powered through Amount’s digital POS financing platform, with features that include fraud prevention and account management.

FLEETCOR Buys AFEX To Boost Cross-Border Payments

PYMNTS

The company normally focuses on providing international accounts to businesses underserved by banks.

Tax Refunds Could Be Delayed Amid IRS Backlog Of Unprocessed Returns

PYMNTS

million cases in its Accounts Management inventory, and in excess of 1.3 The news comes after it was reported in early January that approximately 13 million defunct accounts inadvertently received stimulus payments by the IRS.