PYMNTS

AUGUST 22, 2018

The bank had filed documentation at mid-month with the Shanghai Clearing House, in turn stating that the securities would be backed with portfolios of corporate account receivables. The actual retailer and manufacturers are also able to prevent tainted products from reaching the consumer.

Agriculture 41

Agriculture Technology Manufacturing corporate accounting 41

PYMNTS

JUNE 6, 2019

Changes in lease accounting standards have led top retailers and restaurant chains in the U.S. The lease accounting standard overhauls, led by the Securities and Exchange Commission (SEC), change the way companies report their lease commitments. On the retail side, Nordstrom posted a nearly 25 percent increase in liabilities.

Account 43

Account accountant accounted accounting standards 43

PYMNTS

AUGUST 24, 2018

Spocket is a startup that has its hands in the B2C commerce world and addresses friction in the market, helping online retailers sell suppliers’ goods, pay those vendors, and manage back-office processes associated with the buyer-supplier relationship. The funds raised will go towards enhancing DueDil’s underlying technology, reports said.

B2B 40

B2B Finance bookkeeping B2C 40

PYMNTS

NOVEMBER 13, 2018

Other recent accounting scandals at retailer BHS and Patisserie Valerie have similarly raised concerns that auditors are unable to adequately identify accounting issues at major corporations before it’s too late.

audit 49

audit cma auditor Construction 49

PYMNTS

OCTOBER 11, 2018

“There will be legal fees and bank fees and all kinds of things” as a result of the changes, said one CFO, Steven Michaels at furniture retailer Aaron’s Inc. Until then, CFOs are either renegotiating their loan agreements or developing specialized financial reports for their lenders, reports said.

Account 49

Account accountant accounted financial statements 49

PYMNTS

AUGUST 8, 2019

The companies are looking particularly close at industries like outsourcing and retail, as well as clients that have already been flagged for lackluster financial controls. The publication reported Wednesday (Aug. 7) that the U.K.

auditor 40

auditor audit Sports Retail 40

PYMNTS

JULY 3, 2020

Corporate accounting software can use open banking to automatically access bank information rather than rely on outdated and insecure practices like screen scraping. Payments providers can automatically access payment data to seamlessly transfer funds between banks without building custom software for each bank with which they connect.

B2B 111

B2B accounting software corporate accounting Start-ups 111

PYMNTS

OCTOBER 10, 2018

. “We started with a retail current account and then we launched business accounts, first for limited companies with a single director and now for sole traders as well, and soon for multi-director limited companies,” she said. “Very much focusing on the [SMB] space of one to 10 employees.”

business accounting 51

business accounting Account accountant accounted 51

PYMNTS

SEPTEMBER 13, 2017

“Competition is fierce and profit margins are thinner than for any industry except retail,” the publication stated, adding that industry fragmentation and a lack of investment are also troubling trends for the space. “You have estimates, bidding [and] change orders that all influence the actual books.”

Construction 51

Construction Account accountant accounted 51

PYMNTS

JULY 25, 2019

A press release Wednesday (July 24) said the financial institution is pursuing larger firms on the SMB spectrum with its multi-owner account support, enabling companies with multiple executives in-charge to gain access to and manage a single corporate account. Today, that service is nearing 60,000 users, the bank said.

Account 53

Account accountant accounted Technology 53

PYMNTS

NOVEMBER 11, 2019

“However, many of these customers pay offline for these online and offline purchases [through cash and checks], meaning payment friction can add massively to the costs for retailers,” said Floyd, “and those costs subsequently flow all the way up the supply chain, from merchants through to distributors and FMCG groups.”.

corporate accounting 40

corporate accounting Technology Retail Sales 40

PYMNTS

MARCH 18, 2019

According to Reuters , in what the publication described as the largest corporate scandal in South Africa, corporate auditing firm PwC has uncovered a $7.4 billion accounting fraud at South African retailer Steinhoff.

Account 49

Account accountant accounted audit 49

PYMNTS

FEBRUARY 19, 2018

Retailers are becoming increasingly aware of the importance of owning the relationship with valuable corporate and small business customers, prompting them to put renewed emphasis on their B2B capabilities,” said Barrowman.

B2C 40

B2C B2B corporate accounting Start-ups 40

PYMNTS

SEPTEMBER 28, 2018

The message reportedly put into question Infibeam’s accounting practices for its iPhone and iPad retail activities. Infibeam isn’t just about retail. It has set its eyes on B2B payments in order to allow corporates to pay their utility bills and other invoices. WhatsApp, meanwhile, is seeking a bigger profile in India.

B2B 55

B2B Retail Government Account 55