Mon.Dec 14, 2020

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How Much ARR Does My SaaS Startup Need for Our Next Round?

BurklandAssociates

An important metric when determining not only the health of a SaaS startup, but a target ARR prior to your next round, is the Capital Efficiency Ratio. A question I Read More. The post How Much ARR Does My SaaS Startup Need for Our Next Round? appeared first on Burkland.

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eBay On Turning Friction-Filled Payments Experiences Into Consumer Loyalty Opportunities

PYMNTS

The 2020 holiday shopping season is picking up, and consumers are heading online or to reopened brick-and-mortar stores to shop and pay for gifts. They are using everything from cash to mobile wallets to complete these transactions, requiring retailers to race to accommodate a wide variety of payment methods. Supporting a host of simple and frictionless payment options is often a complicated endeavor from the retailer’s perspective, said Keala Gaines , vice president of global payment services f

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2020 Year-End Checklist for Small Businesses

xendoo

Every business needs a good tidying and updating at least once a year. The best time to do it is at the end of your tax year, which for many small businesses is the same as the calendar year. Get organized, review the data, and make your plans for a profitable 2020. Weed out clutter. Keeping old files around will only slow you down. Move anything that’s not current from your computer, desk and filing cabinet, into separate long-term storage.

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Afterpay US CEO: Buy Now, Pay Later Is In Right Place, Right Time

PYMNTS

For a 6-year-old Australian startup that’s only been doing business in the U.S. for two years, Afterpay — with its buy now, pay later (BNPL) interest-free installment loans — has gone from relative obscurity to the front page of the financial section this holiday season. Although the installment concept is hardly new, Afterpay’s platform and growing catalog of retailers has brought fame and fortune to the company and its founders.

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Planning Your Restaurants Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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How to Pay Federal Income Tax Online

xendoo

Yes, the IRS has entered the digital age! They offer several ways to pay your tax online. Direct Pay with Bank Account. There’s no service charge to have the money taken directly from your bank. To make a payment or look up a payment you already made, go to the Direct Pay page on the IRS website. You can use direct pay service to make payments for: Installment Agreement. 1040, 1040A, 1040EZ, health care Form 1040or civil penalty.

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Oiling The Many Moving Parts Of Cash Flow Management

PYMNTS

Cash flow is key to maintaining a viable business during the pandemic. Amid market volatility, organizations are finding it imperative to accelerate their accounts receivables while extending accounts payables and still maintaining positive buyer-supplier relationships. The problem with this strategy, however, is that when every company is looking get paid more quickly but pay their own invoices later, B2B buyers and vendors quickly find themselves in a position in which their own cash flow goal

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Bank Of America Sees Personalized Video As Key To Rewards-Program Loyalty

PYMNTS

It’s been a busy year in digital banking as the pandemic has driven consumers online to manage as much of their day-to-day lives as possible. When Bank of America Rewards Executive John Sellers glanced at his in-house numbers over the last year, the evidence was plain to see. In an On The Agenda discussion with PYMNTS CEO Karen Webster and SundaySky CEO Jim Dicso , Sellers noted that Bank of America has had about 10 billion interactions with its 66 million customers, 9 billion of which happened

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No Whining

RitaKeller

“Don’t waste words on people who deserve your silence. Sometimes the most powerful thing you can say is nothing at all.” – Mandy Hale. For years, I have urged CPA firm team members to stop whining. I guess you could say I have been whining about whining for years! Maybe I should take my own advice. Last week, Seth Godin did a post on the topic of whining.

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Hippo CEO: More Than Just Insurance, We Want To Be The ‘1-800 Number’ For The Home

PYMNTS

Home insurance is a product that no one wants to buy — but must. And the insurance companies? Well, they want to sell it, of course. But they hope you never use it (because that would mean paying out claims). Yet things go wrong. Leaks spring in basements, wind shears shingles and roofs, sewer pipes burst. In an interview with Karen Webster, Hippo CEO Assaf Wand made the case that online platforms can solve the pain points of getting claims paid, but also set up a steady oversight of home mainte

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The Low Income Housing Tax Credit – Don’t Lose it!

Withum

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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FireEye Closes $400 Million Blackstone Investment Days After Cybersecurity Breach

PYMNTS

FireEye has closed on a $400 million investment by Blackstone , barely a week after one of the world’s top cybersecurity firms disclosed that its own files were hacked by what federal authorities suspect was a foreign intelligence service. The investment will be managed by Blackstone Tactical Opportunities, with ClearSky , an investment firm with a focus on cybersecurity, as a co-investor, FireEye said in a press release.

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Savvy Massachusetts Companies Receiving Outside Financing Will Use This Tax Planning Opportunity Before Year-End

Withum

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AI Plays Key Role In Preventing Subscription Churn

PYMNTS

Subscription services are taking off during the pandemic, and software-as-a-service (SaaS) providers are no exception. Many of these solutions providers are offering key services for businesses with employees working from home, and they also provide subscription rates that can help companies better afford the costs of necessary software rather than spending big upfront to acquire products wholesale.

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The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals

ThomsonReuters

The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals. The tax rules and regulations U.S. companies will operate under in 2021 and beyond will be shaped in the coming months by Biden Administration priorities, the balance of power in the U.S. Senate, the future of COVID-19 relief, and the fiscal crisis facing the 50 states. A recent Thomson Reuters webinar, Get Ready for 2021: Using Checkpoint Edge to Plan for Uncertainty, explored these issues and cautioned companies to br

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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Mastercard: Global Economic Outlook Depends On Multi-Speed Recovery

PYMNTS

In some ways, there was only one global story that mattered this year. The pandemic was the common element in every economic look back or for that matter, any look forward. But regardless of what country is being discussed, there were some common themes this year within the pandemic. That theme has been called the digital shift or the digital-first economy, or as a new report from Mastercard puts it, the global “e-conomy.”.

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Square Partners With POWDR To Offer Ski Resorts Contactless Transactions

PYMNTS

Square has partnered with POWDR to advance payments, eCommerce and point of sale (POS) at ski resorts across the U.S. and Canada, according to a press release. “POWDR chose to partner with Square because they help elevate the guest experience from enabling fast, secure, contactless payments to integrated online-ordering solutions,” Justin Sibley , co-president of POWDR, said in the release.

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Three Digital Shifts On Their Way To Becoming Permanent Changes

PYMNTS

All kinds of adjectives have been repeatedly applied to the year we all just lived through together — “unprecedented,” “unending,” “unbelievable,” “unfair,” “unpredictable. The list of “un” words goes on and on, and the descriptions tend toward the negative. But there’s another way to describe 2020 these days: “almost over,” as there are only 17 days left before 2021 gets off and running.

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Deep Dive: Why FIs Must Meld The Digital With The Physical To Stay Competitive

PYMNTS

The pandemic has had a significant impact on consumer adoption of online and mobile banking services as more people are digitally engaging with their banks to curb health risks. Mobile banking use is ticking up, especially among younger users, with PYMNTS data showing that 75.9 percent of Generation Z members use mobile banking apps, for example. Consumers like mobile banking for its personal touch and convenience factor, with 44.8 percent of consumers noting that they prefer banking experiences

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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First Pfizer-BioNTech COVID-19 Vaccines Administered In US

PYMNTS

The first doses of the Pfizer-BioNTech COVID-19 vaccine, outside of clinical trials, started being administered to healthcare workers and nursing home staffers on Monday (Dec.14). “Collectively, we aim to vaccinate hundreds of millions of Americans by the end of 2021,” Albert Bourla , chairman and chief executive officer of Pfizer, said in a press release.

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DoorDash Partners With Payfare To Launch Banking Solution For Drivers

PYMNTS

DoorDash and Payfare are collaborating to launch the DasherDirect banking solution for delivery drivers (Dashers), which aims to give them greater flexibility over earnings. “This is a major step forward in introducing new tools to empower Dashers who count on DoorDash for reliable, independent and flexible work,” Tony Xu , co-founder and chief executive officer of DoorDash, said in a press release on Monday (Dec. 14).

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Huntington Teams With TCF Financial In $22 Billion Bank Merger

PYMNTS

Huntington Bancshares is merging with TCF Financial in a $22 billion deal that will result in the development of one of the top 10 U.S. regional banks. . “This merger combines the best of both companies and provides the scale and resources to drive increased long?term shareholder value. Huntington is focused on accelerating digital investments to further enhance our award?

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EMTECH Debuts Tech To Streamline Central Banking

PYMNTS

EMTECH is rolling out its new Modern Central Bank Sandbox, which will help to streamline regulatory reviews and test central bank digital currencies (CBDCs), a press release says. The platform will also help central banks that want to collaborate with innovators on new technology. The Modern Central Bank Sandbox, according to the release, will help smooth out challenges in banking with things like "exclusion, KYC, SME lending, cross-border payments, AML/fraud," and will also enable them to innov

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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Chase, Air Canada, Mastercard Team Up For US Aeroplan Credit Card

PYMNTS

Chase Bank and Mastercard have partnered with Air Canada to introduce the airline’s Aeroplan credit card in the U.S. “Chase’s many strengths, including digital innovation, customer service excellence, and a world-class brand, will help us deliver a best-in-class product for U.S.-based Aeroplan members,” Mark Nasr , vice president of loyalty and eCommerce at Air Canada, said in a press release on Monday (Dec. 14). .

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Massachusetts Mutual To Buy FinTech RIA Platform Flourish

PYMNTS

Massachusetts Mutual Life Insurance Company (MassMutual) has agreed with Stone Ridge Asset Management , which has over $10 billion in assets under management (AUM), for MassMutual to acquire FinTech registered investment advisor (RIA) platform Flourish , according to a press release. Flourish helps provide digitally enabled products and services for RIAs, including numerous models, such as an established cash management offering called Flourish Cash, the release stated.

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Authentic Brands Could Buy Arcadia Group And Debenhams

PYMNTS

Authentic Brands is said to be in talks with Debenhams and Arcadia Group administrators, with unnamed sources claiming that the retail company is mulling a bid for the Sir Philip Green retail empire and the retailer, Retail Gazette reported. Events that unfold at Arcadia Group will have a secondary impact on Debenhams since the company is the largest operator of concessions in the retailer’s locations.

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Department Stores Adapt to Difficult Season, Count On Revenge Shopping

PYMNTS

There are less than two weeks until Christmas, and the retail industry, as per usual in 2020, finds itself in uncharted territory. The season has been pulled forward, leaving these final 10 days up in the air. Shipping delays are threatening the digital-first economy. And just weeks after they could open for limited business, malls and department stores are threatened with another nonessential retail shutdown as the virus surge rages on.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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YouTube’s Brief Outage Focuses Attention On Its Growing Commerce Role

PYMNTS

Google ’s massive outage on Monday (Dec. 14) showed not only how much the world relies on services like Gmail, but also spotlighted the company’s YouTube video-sharing service as a global advertising and entertainment medium. Although Google restored YouTube’s services after about an hour, that was long enough for the hashtag #YouTubeDOWN to generate tons of tweets from alarmed users.

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Consumers Will Pay Increased Fees To Offset California Gig Worker Benefits

PYMNTS

Gig workers for Uber and others in California will start getting benefits, but consumers will pay the price in additional fees, the Financial Times (FT) reported Monday (Dec. 14). Proposition 22, upheld by California voters, said Uber and others in the gig economy could keep classifying their workers as independent contractors, but benefits like healthcare and accident insurance would have to be provided.

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An AI Blueprint For More Profitable Portfolios In 2021

PYMNTS

Want to know what 10,000 U.S. consumers think about artificial intelligence (AI) as it relates to their financial lives? Just ask them, as was done for the December 2020 How To Put AI In Your 2021 FI Business Plan Playbook , a collaboration with Brighterion. This was a year that bent and broke quite a few risk forecasting models, thus all the more reason to bring AI smarts to bear on transaction volumes scaling far beyond a human pace.

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Businesses Re-Evaluate Web Security After Attacks On US Government Sites 

PYMNTS

Reports of widespread cyberattacks on several U.S. government agency websites have sent shockwaves throughout the country and the world, raising concerns about the ability of any institution to protect its vital and confidential data. The thinking goes that if the U.S. Treasury and Commerce departments are unable to protect their digital databases, lesser organizations would be seemingly hard-pressed to prevent similar security breaches.

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.