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Construction Payments: Building The House With Virtual Cards

PYMNTS

The timeliness of B2B payments raises the stakes for all parties involved, as a missed or delayed payment can ripple across the network. A series of payment innovations are promising to put an end to some common B2B payment frictions, including online portals, same-day ACH and automated accounts receivables (AR).

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B2B FinTechs Nab Funding Before 2016’s Close

PYMNTS

It’s no surprise that venture capital rounds in B2B FinTech may be dwindling as the holidays ramp up, but that doesn’t mean the space has gone ignored. Europe and Asia provided more than $19 million across treasury management, corporate FinTech and Software-as-a-Service. eSUB Construction Software. Investors in the U.S.,

B2B 58
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Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes

PYMNTS

This week's B2B Digest looks at how corporate finance scams come in all shapes and sizes, from employee expense fraud to invoice falsification. Philabundance, the region's largest food bank, was in the midst of renovating its kitchen when it received a seemingly legitimate invoice from one of its construction suppliers.

Ohio 91
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Head Of UK’s Financial Reporting Council Quits Amid Scrutiny

PYMNTS

s Financial Reporting Council is reportedly stepping down from the position amid continued scrutiny that the FRC lacks effectiveness to prevent corporate accounting scandals and industry failures. The head of the U.K.’s Reports in Reuters on Friday (Nov. Sir John Kingman, a civil servant asked by U.K.

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Trade Finance Finds Glare In Late Payments Spotlight

PYMNTS

As reported last week, Fitch said a loophole tied to corporate accounting exists, one which opens the door to longer payment terms. And Construction) Yet Again. But when late payments become part of the tapestry, financing options and inventiveness suffer.

Finance 40
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Business Leaders Chosen To Scrutinize UK Accounting Watchdog

PYMNTS

Accounting regulation reviews need expert knowledge of its local and global history and failures, and the critical challenges of corporate accountability in an arena dominated by Big Four firms. lender HBOS and, more recently, the collapse of government construction contractor Carillion.

Account 40
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UK Financial Watchdog Ramps Up Auditor Oversight

PYMNTS

financial watchdogs have stepped up their oversight of the accounting and auditing industry amid a string of corporate accounting scandals, collapses and questions over the dominance of the Big Four auditing firms. The FRC has already increased the number of audit quality reviews from 126 in 2014 to 160 in fiscal year 2018.

auditor 40