PYMNTS

NOVEMBER 12, 2020

Today In B2B payments, NeweggBusiness integrates business financing and payment terms via Behalf, while Deutsche Bank expands its cash management offering into Australia. Plus, GE shutters its staff audit program, and Park Place Payments partners up for small business B2B payments. 11) press release. 11) press release.

B2B 67

B2B accounting and finance audit Finance 67

Going Concern

JUNE 16, 2022

EY announced today it is making a $1 billion investment in audit technology just weeks after WSJ reported that the firm is in the process of splitting its audit and consulting arms. billion of EY’s $40 billion global revenue last year came from audit. The four-year investment is enabled by a wider US$2.5b

audit 57

audit Technology cpas accounting and finance 57

PYMNTS

JANUARY 20, 2021

Corporate finance teams were not simply tasked with finding ways to continue operations in a remote work environment as a result of the coronavirus crisis. There were cases where some of these finance teams could not even understand what their cash visibility looked like.”. The Biggest Pain Points, Revealed.

B2B 125

B2B accounting and finance accounts payable Finance 125

PYMNTS

OCTOBER 28, 2020

Today in B2B payments, accounts payable automation firm CPS finds a buyer. Plus, a new FinTech, OpenEnvoy, launches to combat B2B payments fraud, while PCMI collaborates on B2B payments automation, and OpenPayd launches an FX-as-a-Service solution. REPAY Inks Deal For B2B AP Automation Firm CPS. 27) announcement.

B2B 56

B2B Accounts Payable Automation AP Automation accounts payable 56

PYMNTS

JUNE 11, 2020

With market volatility and economic pressure higher than it has been in more than a decade, the ways businesses manage and account for their money is inevitably included in that wave of operational change. That means significant implications for the ways accountants and auditors operate both within an enterprise and externally from it.

corporate accounting 77

corporate accounting auditor Account accountant 77

PYMNTS

NOVEMBER 15, 2018

As the peaks and valleys of blockchain hype continue to rise and fall, more doubt has surfaced over the future of distributed ledger technology, particularly in the area of B2B payments. Analysts point to the challenges associated with adoption and implementation of blockchain-powered B2B payment solutions as a key hurdle for the technology.

B2B 74

B2B accounting and finance Finance auditor 74

PYMNTS

SEPTEMBER 24, 2018

A research firm has discovered that the number of material accounting mistakes made by U.S. Massachusetts-based Audit Analytics looked at disclosures from more than 9,000 U.S.-listed For many, the mistakes were discovered when corporate finance teams were changing accounting paperwork to comply with the new U.S.

corporate accounting 68

corporate accounting Account accountant accounted 68

PYMNTS

MARCH 11, 2020

The ability for finance and accounting teams to capture transaction data across payment channels remains a challenge as information is stored across various portals. One of the biggest challenges that finance professionals face in their reconciliation process is in data discrepancy. Beyond Data Matching.

Finance 56

Finance Technology accounting and finance NetSuite 56

CPA Practice

MAY 12, 2023

accounting profession is facing a much-discussed conundrum. Approximately 300,000 professionals left public accounting in 2021 and 2022 and fewer college students are choosing to pursue accounting as a career. Armanino, for example, turned to Scrubbed to help with audit engagements. “We

bookkeeping 98

bookkeeping accounting firms CPA accounting and finance 98

PYMNTS

JANUARY 10, 2019

Now, analysts at the International Federation of Accountants (IFAC) are urging ERM to move beyond the c-suite. Professional accountants are well-positioned to better serve the organizations they work for by enabling effective enterprise risk management that identifies both risks and opportunities for the business,” the CEO noted.

Finance 74

Finance auditor accounting and finance corporate accounting 74

PYMNTS

NOVEMBER 26, 2018

It’s common sense that a corporation would want its C-Suite to have some knowledge of accounting practices, and one could assume that a lack of understanding of corporate accounting may heighten the risk for misstatements on financial reports. ” Below, PYMNTS breaks down some of the key data points from the research.

auditor 51

auditor managerial accounting Account accountant 51

PYMNTS

JANUARY 9, 2019

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.

Technology 71

Technology bookkeeping Account accountant 71

CPA Practice

OCTOBER 20, 2023

Working closely with the Private Enterprise – Tax leader,Brad Sprong, Francois will be focused on accelerating the strategic growth priority for the firm to provide audit, tax and advisory services to venture capital and private equity-backed enterprises at each stage of their business life cycle. Francois’ previous roles as CFO at Shield.AI

Washington 52

Washington cpas accounting and finance audit 52

CPA Practice

OCTOBER 19, 2023

Working closely with the Private Enterprise – Tax leader,Brad Sprong, Francois will be focused on accelerating the strategic growth priority for the firm to provide audit, tax and advisory services to venture capital and private equity-backed enterprises at each stage of their business life cycle. Francois’ previous roles as CFO at Shield.AI

Washington 52

Washington cpas accounting and finance audit 52

PYMNTS

OCTOBER 28, 2019

The Big Four auditing firms — EY, Deloitte, KPMG and PwC — have recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are debt.

B2B 40

B2B accounting and finance accounting standards Finance 40

PYMNTS

SEPTEMBER 20, 2019

This week, the largest funding round went to a B2B startup developing autonomous trucking technology to boost fleet efficiency, with other rounds landing at small business bookkeeping, workforce communications, and IBAN fraud mitigation startups for a combined $236 million-plus landing at B2B startups.

B2B 49

B2B bookkeeping Technology accounting and finance 49

PYMNTS

JANUARY 14, 2021

Sameet Gupte , CEO of EvoluteIQ , recently explained to PYMNTS how this strategy can support what he describes as "hyperautomation," with potentially significant benefits for financial workflows in areas like accounts payable and accounts receivable. Driving Finance Automation. Surmounting The Data Hurdle.

Technology 70

Technology Finance accounts payable accounting and finance 70

PYMNTS

OCTOBER 3, 2019

Prophix is another company that recently rolled out its own addition to the B2B virtual assistant space, having launched its Virtual Financial Analyst for middle-market finance departments. Virtual assistants allow for finance professionals to interact with the technology in a conversational, human way. Balancing Risks.

Finance 55

Finance B2C B2B accounting and finance 55

PYMNTS

SEPTEMBER 7, 2018

There are some B2B FinTech segments that are mainstays with investors. Companies like alternative small business (SMB) lenders or accounting solutions providers, for instance, remain popular investment targets. This week, though, investors revealed their appetite for B2B FinTech firms that can multitask. Portal Finance.

B2B 43

B2B accounting and finance Finance bookkeeping 43

PYMNTS

DECEMBER 12, 2019

Securities and Exchange Commission is turning its attention to a lack of transparency within corporates’ investor disclosures as more businesses use supply chain financing. Reports in Bloomberg Tax this week said SEC Corporation Finance Deputy Chief Accountant Lindsay McCord spoke Tuesday (Dec. Rising Criticism.

Finance 58

Finance accounting and finance financial statements Washington 58

PYMNTS

MARCH 15, 2020

The Securities and Exchange Commission (SEC) voted last week to ease audit requirements for some small, publicly traded companies, the agency said in a statement Friday (March 13). The only dissenting vote was from Allison Lee.

audit 63

audit Indiana auditor Account 63

PYMNTS

OCTOBER 9, 2019

B2B payments friction isn’t only experienced on the payer side. Often, accounts receivable challenges can cause significant disruptions to operations, and those consequences can ripple along the supply chain both up and downstream. These hurdles can also stifle electronic payments adoption in the B2B arena. Failure to Act.

B2B 46

B2B Technology audit accounting and finance 46

PYMNTS

MARCH 15, 2019

Anxieties that automation will replace humans have waned in the accounting sector, as industry players begin to realize that technology can actually help accountants play a more important role for their small business (SMB) customers as advisors and guides, rather than replacing their roles outright. Tax reform in the U.S.

Tax 77

Tax Account accountant accounted 77

CPA Practice

SEPTEMBER 5, 2023

DBS), a global provider of outsourced accounting, bookkeeping, finance, tax preparation, audit & assurance, payroll and demand generation & data services, has announced the appointment of Hitendra Patil as the President of its global CPA outsourcing services business. Datamatics Business Solutions, Inc.

CPA 52

CPA cpa firm tax preparation accounting and finance 52

PYMNTS

NOVEMBER 4, 2019

lawmakers are calling for new legislation that would ensure auditors and accountants are better able to identify and call out issues within their clients’ finances as the government works to avoid more high-profile corporate collapses. Finance U.K. Finance U.K. reported on Monday (Nov. reported on Monday (Nov.

audit 40

audit accounting and finance auditor Finance 40

PYMNTS

MARCH 6, 2019

Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. A recent report from CFO.com shed light on another factor driving accounting and financial transparency within corporate America.

Finance 55

Finance accounting standards accounting principles accounting and finance 55

PYMNTS

OCTOBER 9, 2020

Venture capital funding landed at supplier payment and compliance automation firms this week, among other B2B innovators that raised money. The big B2B investment of the week was Tipalti , which landed $150 million in new funding on a $2 billion valuation. million through its first round of financing.

Technology 107

Technology audit accounts payable B2B 107

PYMNTS

SEPTEMBER 15, 2017

In a survey of more than 500 small and medium-sized business (SMBs) accountants and bookkeepers, business and financial software company Intuit found a few factors that frustrate the profession. It surpassed a lack of use of accounting software and not keeping on top of bills, cited by 60 percent and 57 percent, respectively.

Account 61

Account accountant accounted small business accounting 61

PYMNTS

NOVEMBER 4, 2020

Even with the digitization of the invoice, fraud remains a rampant problem, and it's not only the buy-side of the B2B equation faced with the consequences. I'd be willing to be that any controller or CFO that doesn't have an automated auditing process is worried about it.". A Straightforward Challenge.

Technology 90

Technology B2B audit accounts payable 90

PYMNTS

APRIL 18, 2018

A slew of accounting scandals in the U.K. has led the government to launch an inquiry into the powers of the Financial Reporting Council (FRC), the government watchdog aimed at overseeing auditing and accounting practices in the country. Reports in Reuters this week said the U.K. Reports in Reuters this week said the U.K.

Account 40

Account accountant accounted audit 40

PYMNTS

SEPTEMBER 10, 2019

In a statement, Coatue Management Senior Managing Director Thomas Laffont said that artificial intelligence (AI) enables AppZen to deploy more sophisticated analytics and automation within its expense management solution, which allows businesses to assess expenses, automate expense report audits, and identify savings opportunities. “AI

audit 43

audit Technology Expense Management accounts payable 43

PYMNTS

NOVEMBER 13, 2018

Parliament will commence an inquiry into the nation’s corporate auditing market, which is currently dominated by the Big Four accounting firms Deloitte, PwC, EY and KPMG, adding new pressure on an industry already being probed by other policymakers. Reports in Reuters on Sunday (November 11) said the U.K.

audit 49

audit cma auditor Construction 49

Acterys

OCTOBER 24, 2023

While Power Apps doesn’t support guest users outside your domain, you can add any user in Acterys with their email address or Microsoft Account. Users can automatically create optimal data warehouse structures, leveraging connectors to familiar cloud-based accounting systems like Xero, QuickBooks, HubSpot and Salesforce.

audit 130

audit accounting and finance accounting system quickbooks 130

PYMNTS

FEBRUARY 22, 2017

Basel III is a set of voluntary rules that impact banks’ risk management and capital requirements, among other things, and could lead to corporate challenges in accessing bank financing. Virtual accounts, he said, “have proved valuable in helping our clients take a more holistic approach to cash management.”

Account 54

Account accountant accounted accounting and finance 54

PYMNTS

MARCH 10, 2020

As more technology emerges to sit between a company’s accounts payable (AP) platform and its vendor’s accounts receivable (AR) portal, service providers are looking to ease friction in a multitude of ways, from accelerating payments and cash flows to easing contract negotiations. Glantus M&A Targets B2B Relationship.

accounts payable 57

accounts payable AP Processes Technology B2B 57

PYMNTS

OCTOBER 5, 2017

In corporate finance, automation changed the game. Accountants and other financial professionals once tasked with manual processes and number-crunching were freed up to focus on more strategic initiatives. Robotics process automation (RPA) is a recent favorite among some B2B FinTechs.

Technology 43

Technology B2B corporate accounting accounting and finance 43

PYMNTS

JUNE 23, 2017

We break down all the B2B FinTech funding rounds below. While Soldo first began as a personal finance solution, specifically a tool to help parents give money to their children and manage their spend, Soldo has increasingly turned towards the corporate banking and spend management space. Corporate Accounting. EaseCentral.

B2B 68

B2B Spend Management Tools Spend Management corporate accounting 68