Supplylogix Secures Pharmaceutical Inventory Management Patent

PYMNTS

The company targets the pharmaceutical industry, and its patent will enable industry players to transfer inventory of medications based on demand, the firm said. “We In another statement, the firm’s vice president, business development and account management, Jody Harvey, said the patent “serves to protect our innovative technology and validates our ongoing commitment to enhance our products and better serve our customers.

Abbott faces Senate probe tying formula shortage to tax cut, buybacks

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Corporate taxes Tax rates Tax Ron Wyden Pharmaceuticals

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Troubled NMC Health Suspected Of Faking Drug Orders

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Today’s Financial Times article states: “NMC allegedly used fake documents to simulate orders for pharmaceutical supplies from Neopharma, and its joint venture Nexgen, to obtain credit from banks and factoring agents that financed the fabricated sales.

Today In Payments: Citi Partners With Mastercard For Google Pay Plex Accounts; PayPal Boosts Xoom’s Money Transfer Capabilities

PYMNTS

In today’s top news, Citi partners with Mastercard to power its Google Pay Plex accounts, and PayPal upgraded Xoom’s money transfer services. Citi Partners With Mastercard For Google Pay Plex Accounts.

Expanding Internationally in 2021: Trending Countries, Pandemic Considerations, and More

GlobalUpside

Finance Director, Takeda Pharmaceuticals. Tony currently holds the role of Finance Director at Takeda Pharmaceuticals. Tony has over 25 years’ experience in senior finance roles including roles in multinational biotechnology, pharmaceutical, and software companies.

Global Growth Fireside Chat – Glaukos

GlobalUpside

Global Upside Corporation CEO Ragu Bhargava sits down with Glaukos CFO Joe Gilliam and VP of Finance & Accounting Alex Thurman to discuss the company’s extraordinary global growth. --> Glaukos Corporation. -->. --> Global Growth Fireside Chat. -->.

Friday Footnotes: PwC Partner$; The Ketamine Accountant; Deloitte Mexico Missed Some Stuff | 7.8.22

Going Concern

PwC partners to earn £1m each as firm sets new pay records [ The Guardian ] Partners at PwC will receive an average of more than £1m in pay for the latest financial year, a record for the “big four” accountancy firm. How should accountants react to sanctions evasion proposals?

Expanding Internationally in 2021: Trending Countries, Pandemic Considerations, and More

GlobalUpside

Addressing accounting and finance issues that keep CFOs up at night. Finance Director, Takeda Pharmaceuticals. Tony currently holds the role of Finance Director at Takeda Pharmaceuticals. Expanding Internationally in 2021: Trending Countries, Pandemic Considerations, and More.

How to Make More Money With Artificial Intelligence

inDinero

AI is in marketing and sales, manufacturing, product and service development, and corporate finance and accounting. the corporate finance and accounting function), increases revenue for companies that know how to use it. Ask your accounting team. Accounting

Top 6 Countries with the Highest Corporate Tax Rates

GlobalUpside

Brazil mainly imports manufactured products like machinery, lubricants, fuels, pharmaceutical and chemical goods, and accessories for motor vehicles. Petroleum products account for 98% of the country’s exports and the combined value of exports and imports equal 54% of its GDP.

Top 10 Manufacturing Countries in the World

GlobalUpside

This accounted for nearly $4 trillion of the country’s overall economic output in 2019. France primarily exports vehicles, aircraft, food products (wine), pharmaceutical products, electronic and hydrocarbon components. .

Report: Using Digital AP To Build Faster Subcontractor Payments Flows

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Accounts payable (AP) teams are now taking a fresh look at the potential of tools such as virtual cards to ease their transaction frictions.

Uber Health To Deliver Meds In Partnership With Nimble

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Uber Health ‘s delivery services are expanding to include pharmaceutical deliveries in some states, according to a press release from the company. Missed appointments account for over $150 billion a year in patients’ costs, affecting around 3.6

Deep Dive: Modernizing Patients? Reimbursements, Discounts

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Healthcare providers, insurance companies and pharmaceutical manufacturers across the U.S. percent of those surveyed wanted to receive their disbursements instantly, with approximately 38 percent wanting instant payments to arrive directly into their bank accounts, 11.7

Walgreens CFO Unfazed By Amazon’s Pharmacy Entry

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Kehoe reminded attendees that mail accounts for 10 percent of prescriptions filled in the U.S., with most people fiercely loyal to physical drug stores for their pharmaceutical needs, Bloomberg reported.

BEC Scammers Embrace Coronavirus Opportunity

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Fraud was all over the headlines this past week, with top stories related to Travelex’s ransomware payment , Luckin Coffee’s internal accounting fraud investigation, and new research anticipating an ongoing surge in payments fraud.

Corporate Fraud Reveals The Breadth Of Scammer Tactics

PYMNTS

The Federal Trade Commission recently filed a complaint against Yellowstone Capital, Fundry and their officers, alleging the merchant cash advance companies had been withdrawing funds from small business bank accounts. 300,000 was stolen by an accountant in Australia , according to ABC.net.au

Relief Comes in the Form of R&D Tax Credits for Manufacturing Companies

KROST

These companies include pharmaceutical, clothing, technology, cosmetics, textile, and others. KROST Quarterly is a digital publication that highlights some of the hot topics in the accounting and finance industry.

The Multibillion-Dollar Problem Of B2B Payments Friction

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Every single survey respondent in the telecoms, oil & gas, travel & leisure, pharmaceuticals & biotech and personal goods industries said they accidentally misdirected or duplicated a supplier payment. Downes said companies should consider single-use Virtual Account Numbers that can “strip away cost, complexity and human error to streamline payments and provide a solid foundation for business growth.”.

IRS Issues Favorable QSBS Tax Ruling for Businesses

Withum

The taxpayer in PLR 202221006 (March 3, 2022) is a pharmaceutical distributor that engages in the retail sale of a limited number of drugs.

340B Program Considerations and How Technology Can Help

Withum

340B drugs are designated only for outpatient visits, requiring virtual inventory accounting for 340B qualified and non-qualified patients.

How Inflation and Supply Chain Disruptions Can Increase Your Business’ Tax Bill

Withum

Unfortunately, a deteriorated supply chain and increased inflation most likely will increase the tax bill for businesses that use the LIFO method of accounting.

Greensill Accelerates Payments To UK Pharmacies With Forecasting

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The company said its new payment program finds patterns in the manner in which prescriptions are filled out to ascertain the value of pharmaceuticals to be dispensed in a certain timeframe. Latin American finances account for approximately $750 billion of the expansive $56.3

Russia Will Send JPMorgan Hacker Home to US, Sources Say

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The cyberthieves laundered the proceeds of their criminal activities through more than 75 different shell companies and brokerages located worldwide, The Wall Street Journal reported last year, noting that the team allegedly used aliases and over 30 fake passports to control the accounts. American fugitive Joshua Aaron, who is a suspect in the massive JPMorgan hack that took place back in 2014, arrived back in the U.S. from Russia this week. Aaron’s return to the U.S.

U.S. Supreme Court: State Law Regulating PBMs Is Not Preempted by ERISA

ThomsonReuters

Pharmaceutical Care Mgmt. Supreme Court: State Law Regulating PBMs Is Not Preempted by ERISA appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Rutledge v. Assoc., 2020 WL 7250098 (U.S. 2020). Available at [link]. The U.S.

India’s Marg ERP Develops B2B ePayment Platform

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India-based Marg ERP — which provides enterprise resource planning, inventory management and accounting technology to businesses — is reportedly developing an electronic B2B payments platform.

B2B Pay Pursues Status As Regulated Bank

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B2B Pay plans to roll out API-enabled banking services, the ability to create an unlimited number of International Bank Account Numbers (IBANs), credit card processing and solutions related to cryptocurrency. Ambikar launched the company after witnessing the challenges that companies in India’s pharmaceutical industry faced to export across borders without losing money to foreign exchange rates and other cross-border transaction fees.

B2B 53

Jumia’s Shares Slide On Fraud Claims By Short Seller

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The firm became well-known after it targeted Valeant, a pharmaceutical firm. That company’s stock price tumbled following fears over a heavy debt load and accounting practices. Following a claim of fraud by a short seller, shares in eCommerce firm Jumia fell by almost 25 percent by midday New York time on Friday (May 10) and traded at $20.30 at one point, the Financial Times reported. The stock, however, was trading higher – at $25.78 – as of 3:43 p.m. EST, according to Yahoo!

Amazon And Valentino Sue Over Alleged Counterfeits

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The suit alleges that Amazon shut down Kaitlyn Pan’s seller account in September 2019, but Pan continues to import, distribute, sell and offer infringing products through its website. trillion , and fake luxury merchandise accounts for 60 percent to 70 percent of that amount.

For Small Businesses, Cyberattacks Are Felt Long After A Data Breach

PYMNTS

In one of the most damaging Media File Jacking attacks, a malicious actor can manipulate an invoice sent by a vendor to a customer, to trick the customer into making a payment to an illegitimate account,” Symantec said in its blog post at the time. The cost of cyberattacks is massive, whether accidentally losing money when a scammer changes bank account information on an invoice, or paying hundreds of thousands of dollars to take back systems from a ransomware attacker.

Adjoint CEO On Why Treasury Management Needs Blockchain

PYMNTS

DLT enables real-time asset ownership, like cash, and can provide that access to shared data, such as files and account balances. Real-time access to tracking data through distributed ledger technology is critical for time-sensitive materials, such as pharmaceuticals or [foods]. Blockchain is increasingly garnering headlines and attention for its use cases beyond cryptocurrencies.

Cognitive/AI Business Spending Expected To See Strong Growth

PYMNTS

” According to IDC, software will be the largest and fastest-growing category through the forecast period, accounting for around 40 percent of all cognitive and AI spending. The use cases that will see the fastest investment growth over the 2017-2022 forecast are pharmaceutical research and discovery, expert shopping advisors and product recommendations, digital assistants for enterprise workers and intelligent processing automation (43.6

Shares In Jumia Technologies Tumble After Q1 Results

PYMNTS

The firm became well-known after it targeted Valeant , a pharmaceutical firm. That company’s stock price tumbled following fears over a heavy debt load and accounting practices. “We Shares in African eCommerce company Jumia Technologies took a dive on Monday (May 13) after Q1 losses were reported to be bigger than the year before, according to a report from Bloomberg.

How Telemedicine Is Going To The Dogs (And Cats, Too)

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That tally includes routine vet care, surgical procedures and pharmaceuticals. The app also processes payments and deposits money directly into the clinics’ accounts, and vets can set their own pricing for various services rendered via teleconference.

Small Businss Banking Secures New FinTech Unicorn

PYMNTS

business accounting startup Countingup announced a $4.94 Targeting freelancers and self-employed professionals, Countingup offers a mobile-first banking solution that merges accounting and banking.

Kachkar Charged With $140 Million Fraud

PYMNTS

Kachkar used his pharmaceutical company, Inyx Inc., The civil suit by the FDIC describes accounting scams by Inyx, such as opening credit lines from Westernbank, false invoicing and instructing customers to deposit payments in secret bank accounts.

Barclays Taps B2B Payment Startup For Accelerator

PYMNTS

Among them is B2B Pay, which provides free International Bank Account Numbers (IBAN) for companies exporting into Europe. Its founder, Neil Ambikar, based in New Zealand, launched the company after witnessing the struggle of small pharmaceutical companies in India to successfully export across borders without losing significant funds due to foreign exchange conversion rates, cross-border payment and other transaction fees.

B2B 50

APIs And Fixing Drug Discounting’s $8 Billion-A-Year Problem

PYMNTS

The infrastructure is indeed robust for the reimbursement and purchasing of drugs in the pharmaceutical market. Call it healthcare’s $8.5 billion problem. That’s how much is lost by U.S. drug manufacturers amid a cumbersome pricing and discounting system that is anything but transparent.

Managing post-Brexit supply chain disruption

ThomsonReuters

electronics, retail, pharmaceuticals, biotech, textiles—could face similar challenges meeting rules of origin requirements. The post Managing post-Brexit supply chain disruption appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Automating The Counterfeit Crackdown

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Jewel Paymentech Founder and CEO Sean Lam said that’s why the startup created a real-time API to detect counterfeits, illegal pharmaceuticals and any other “dodgy” products that marketplaces may not want on their virtual shelves. This fingerprint lets Jewel recognize users who have been banned who may be trying to sneak back into the marketplace by opening a new account. A growing online marketplace introduces a growing set of challenges for those who manage it.

Munchery’s Out, So Who’s In To Travel Food Delivery’s Last Mile?

PYMNTS

Careem will now provide food delivery services in Dubai and Jeddah, but the company sees the service eventually expanding to include pharmaceuticals. The vehicles are operated by “drivers” in another location, and, according to an account , “can reach 25 mph [and] will be dispatched to a particular neighborhood, where customers can summon one through an app.”.

Cyberattacks On Track To Lead Corporate Insurance Claims: Study

PYMNTS

The pharmaceutical sector is another one where liability claims can be very significant, so it’s very different scenarios for different sectors.” That means fire and explosions accounted for nearly one-quarter of all corporate insurance claims filed between 2013 and 2018. The global insurance technology ( InsurTech ) market is slated to become a $1.1

Walmart’s Answer To Facebook’s Libra: The Walmart Coin

PYMNTS

And, it is clear from the application — with all the talk of rewards and loyalty offerings, personalization applications and interest generating accounts — that the possible future Walmart Coin is, in some sense, possibly an ecosystem play like Libra, and (by extension) the Calibra wallet Facebook intends to have riding on those rails someday. Still, this is far from Walmart’s first foray into blockchain — it already uses the tech to track products and pharmaceutical products.