PYMNTS

JUNE 26, 2020

This challenge exists for professionals across the back office, but in business accounting, the lack of data integration and accuracy mean finance experts are spending valuable time correcting information and moving numbers from one platform to another. ” Supporting an Accounting Shift.

Account 52

Account accountant accounted accounting and finance 52

PYMNTS

NOVEMBER 4, 2019

Singapore bank OCBC is accelerating the bank account opening process for startups through a collaboration with Experian. 4) said Experian’s API will allow startups to open a business bank account with OCBC immediately following incorporation. An announcement on Monday (Nov.

business accounting 40

business accounting Account accountant accounted 40

PYMNTS

MAY 4, 2020

Indeed, amid the coronavirus pandemic, this digitization push has become even more paramount than before, and Singapore is calling on not only small businesses, but their service providers and partners, to support the effort. A New Model For Accounting. But overcoming these challenges is essential.

Account 67

Account accountant accounted small business accounting 67

PYMNTS

JULY 18, 2020

Though the coronavirus pandemic has highlighted the impact of late B2B payments in the U.S. Yet new analysis by The Grocer suggests supermarkets may not be as on top of their accounts payable as previously thought. both due to U.S. corporates paying their suppliers late, as well as U.S. Australia and Malaysia. Australia and Malaysia.

B2B 85

B2B accounting and finance accounts payable Finance 85

PYMNTS

DECEMBER 4, 2020

Customers of digital business banking platform Penta will now have the option to manage accounting and receipts digitally as the company partners with Germany-based DATEV Marketplace , a company news release stated.

Account 65

Account accountant accounted tax consultant 65

PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. Small business accounting platform FreshBooks recently announced an agreement to integrate with Taxfyle , a data sharing arrangement that aims to automate tax prep for small business owners.

Account 87

Account accountant accounted small business accounting 87

PYMNTS

NOVEMBER 25, 2020

In an effort to assist small business owners in Britian on a greater scale, small business accounting software company FreshBooks has teamed with Barclays to offer joint offerings to customers in the country. 25) announcement. In September, the company said it bought Mexico-based digital invoicing company Facturama.

small business accounting software 94

small business accounting software Account accountant accounted 94

PYMNTS

JULY 15, 2020

Small- to medium-sized business (SMB) finance app Coconut has notched approximately 2.5 The aim of Coconut is to offer micro-business accounting services and have their assets as well as funds be more effective through the help of smart treasury management. million pounds ($3.15 million) through a Crowdcube fundraising.

Account 64

Account accountant accounted accounting and finance 64

PYMNTS

FEBRUARY 20, 2019

Those challenges have made SMBs notoriously technology-adverse, though it may be an unfair characterization, particularly considering the influx of small business FinTech innovation in recent years. “Technology is changing the practice of accounting and finance,” Asgeirsson said in an interview with PYMNTS.

Account 76

Account accountant accounted Technology 76

PYMNTS

NOVEMBER 9, 2020

-based specialist lender Just Cashflow , working with FinTech Railsbank , is rolling out its own business banking account program for small- to medium-sized businesses (SMBs), according to a report from AltFi. In addition, Just Cashflow's product will combine the account with a lender's existing revolving credit facility.

Account 61

Account accountant accounted accounting and finance 61

PYMNTS

AUGUST 16, 2019

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. Lendingkart.

B2B 71

B2B accounting and finance tax return Finance 71

PYMNTS

JANUARY 9, 2019

One way this shift has materialized is in how small businesses seek and hire financial professionals to join their companies. 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.

Technology 71

Technology bookkeeping Account accountant 71

PYMNTS

MARCH 27, 2020

Their use for B2B payments, however, remains limited — but in the U.K., While open banking FinTech innovation has initially focused on opening up bank account data to third party platforms, there is another component to the initiative with major implications for the payments landscape. open banking may be able to change that.

B2B 60

B2B accounting and finance accounting software Account 60

PYMNTS

MARCH 7, 2019

Wirex , which providers consumers with an account to store both fiat and cryptocurrency, recently stepped into the corporate finance space with the launch of its business account. Yet many experts doubt that cryptocurrency can be the solution to these points of friction, especially when it comes to the B2B use case.

B2B 67

B2B accounting and finance Finance payroll 67

PYMNTS

DECEMBER 12, 2017

That’s the status quo in corporate payments, and it’s not only creating friction for the business payer; it’s creating headaches for small business (SMB) accounting too. He recently told PYMNTS that small business accountants are much like their clients in the way they make and receive payments.

Account 44

Account accountant accounted accounting and finance 44

PYMNTS

DECEMBER 4, 2020

Today in B2B payments, IBM uncovers a business email scam targeting the vaccine supply chain, while Intuit finalizes its Credit Karma takeover. Plus, SellersFunding expands its solution across borders and Penta expands its accounting offering. Penta Offers Digital Accounting, Receipt Services.

B2B 61

B2B tax preparation accounting and finance Tax 61

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

PYMNTS

SEPTEMBER 24, 2018

A research firm has discovered that the number of material accounting mistakes made by U.S. For many, the mistakes were discovered when corporate finance teams were changing accounting paperwork to comply with the new U.S. tax law and revenue accounting rules. public companies has gone up this year.

corporate accounting 68

corporate accounting Account accountant accounted 68

PYMNTS

APRIL 19, 2019

The shifting role of small business (SMB) accountants is largely driven by the increase in automated solutions available to business owners today. With machines now taking care of repetitive financial tasks, accountants have had to readjust their position from number-cruncher to value-adder to remain relevant.

payroll 61

payroll Technology Account accountant 61

Accounting Insight

JULY 3, 2023

Chaser, the global accounts receivables software launched Chaser Pay. This innovative payment solution is seamlessly integrated within Chaser’s accounts receivable software, making it simple, secure, and efficient for businesses of all sizes to process payments.

Technology 72

Technology accounting and finance Spend Management B2B 72

PYMNTS

APRIL 24, 2019

challenger bank Starling Bank is connecting its small business customers to FreeAgent financial management software. “FreeAgent will play an essential role in this by helping our business customers spend less time on administrative tasks and more on what counts, growing their business.”

Account 51

Account accountant accounted accounting and finance 51

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

OCTOBER 19, 2020

American Express is working with Coupa on a new partnership to use virtual cards for Coupa's B2B solution, a press release says. Coupa Pay, the Coupa B2B solution, will be available for customers of AmEx's virtual cards, in a move meant to streamline the old payment processes which the release calls "outdated, complex, and inefficient.".

B2B 127

B2B Business Spend Management Spend Management accounting and finance 127

PYMNTS

FEBRUARY 15, 2019

Corporate accounting platform ScaleFactor is rolling out its Android app for business professionals to gain real-time visibility into company finances. The company is introducing its Android app to link small business owners to ScaleFactor Business via their mobile devices, the firm said in a press release Thursday (Feb.

Account 57

Account accountant accounted accounting and finance 57

PYMNTS

MAY 3, 2019

Chief financial officers are changing their views on how they assess corporate performance in light of changes to lease accounting rules coming into play. Companies including Orange, Deutsche Telekom and Air France have already notified investors that they are amending or changing performance metrics.

Account 49

Account accountant accounted international accounting standards 49

PYMNTS

JANUARY 30, 2020

New lease accounting standards are in effect for publicly traded companies in the U.S. after the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) introduced changes to the way businesses account for their outstanding leases. ” Lease Misunderstandings. .

Account 40

Account accountant accounted accounting standards 40

PYMNTS

FEBRUARY 8, 2019

Concerns over an economic downturn haven’t seemed to dissuade venture capitalists from backing B2B FinTech firms, with this week’s roundup including players in the small business (SMB) banking, corporate travel, expense management, alternative finance and data integration spaces. 2nd Address. ANNA Money.

B2B 75

B2B Travel Expense Management Technology accounting and finance 75

PYMNTS

JANUARY 26, 2021

marked its third anniversary of adopting its open banking framework, making it the leading market to drive the concept of unlocking customers’ bank account data for integration with third-party solution providers. to bring its blockchain-powered corporate trade financing technology into the entity. Last week, the U.K.

Technology 142

Technology accounting and finance B2B small business accounting 142

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

JUNE 7, 2018

challenger bank Arro Money , which launched its small business bank account service last December, has debuted its newest product designed for sole traders. In an announcement sent to PYMNTS on Wednesday (June 6), Arro Money said it has rolled out its account designed for entrepreneurs that operate independently.

Account 53

Account accountant accounted small business accounting 53

PYMNTS

SEPTEMBER 21, 2017

Gappify is the latest company to roll out business accounting-related chatbot technology. 20) that it has launched Alan, chatbot technology designed to assist business accountants. Gappify and Alan will enable finance staff to keep pace with the speed of business and finance evolution in an era of increasing complexity.”.

corporate accounting 45

corporate accounting Technology Account accountant 45

PYMNTS

DECEMBER 18, 2018

Technology may be enabling automation in small business (SMB) accounting and financial management, but rather than cutting out the need for human accountants in the field, this tech disruption is supporting a change in the profession. Recently, several technology firms have done just that.

Technology 53

Technology Account accountant accounted 53

PYMNTS

JUNE 5, 2018

That includes corporates, too, as firms like PayPal press into the B2B payments and small business finance market – but they’re not always doing it alone. Case in point: PayPal recently partnered with business management firm Sage to enable businesses to pay their supplier invoices with a PayPal business account.

B2B 46

B2B small business accounting software Education accounting and finance 46

PYMNTS

AUGUST 10, 2018

A week of more than $200 million for B2B FinTech firms across the globe shows that venture capitalists’ support for the space continues. Asia-Pacific and North American startups took the lead this week, with funding going to small business (SMB) accounting, payroll, B2B eCommerce and cybersecurity firms — just to name a few.

B2B 40

B2B accounting and finance E-commerce payroll 40

PYMNTS

OCTOBER 31, 2016

At earlier moments of B2B FinTech development, the industry seemed to be following in the footsteps of the business-to-consumer space. The trend seems to be reviving, though, according to Intuit Developer Group Vice President Vinay Pai, small businesses could be leading the charge this time.

B2C 77

B2C B2B quickbooks Technology 77

PYMNTS

JUNE 7, 2018

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. Accounting could be among the hardest hit industries. “This presents both positive opportunities and potential pitfalls.”

Technology 51

Technology Account accountant accounted 51

PYMNTS

SEPTEMBER 1, 2017

This week’s B2B venture capital activity led to an impressive $141.2 million in total funding across nine rounds, with startups ranging from corporate travel and expense (T&E) management and small- and mid-sized business (SMB) accounting to artificial intelligence and beyond. Cross-Border B2B Payments.

B2B 54

B2B Expense Management Travel Expense Management small business accounting 54