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Closing Latin America’s $350B SMB Trade-Finance Gap

PYMNTS

And in an interview with PYMNTS, Jacob Shoihet , co-founder and CEO of the online financing platform Marco Financial , said the problem is particularly acute for exporters. “In Overall, Marco Financial has noted, banks reject 50 percent of small- to medium-sized business (SMB) financing applicants.

Finance 114
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Poor pay and career opportunities, lack of respect prompt finance employees to quit

Accounting Today

What are the main factors driving finance employees to leave their jobs?

Finance 124
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Accounting is One of the Worst at Gender-Pay Fairness, Poll Says

CPA Practice

But according to a new survey, women feel most unfairly compensated when they work in—wait for it—finance. According to Fishbowl by Glassdoor, a whopping 63% of women in finance jobs believe their pay doesn’t add up, compared with only 53% of male professionals. The pay gap, even in top finance roles, is well-documented.

Account 121
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Young Accounting Professionals Are Leaving Their Jobs at a Higher Clip

CPA Practice

Accounting and finance professionals in the U.S. are leaving their jobs at a significant rate, with millennials and Generation Z leading the exodus, according to a new report from the Institute of Management Accountants (IMA) and staffing firm Robert Half. More than one in 10 accountants in the U.S.

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Virtual card payments and their benefits for accounts payable departments.

Airbase

Virtual cards are a game-changer for accounts payable departments. In addition to greater control, security, and flexibility, virtual card payments can save finance teams hours of tedious work. David Coffman, VP Finance at Doximity, says Airbase virtual cards play an integral role in cutting the company’s time-to-close in half.

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9 in 10 Accounting and Audit Firms Struggle to Find Talent

CPA Practice

What is the fastest-growing challenge facing accounting firms and internal audit departments today? More than 90% point to hiring and retaining skilled accountants and auditors. Responses were gathered from more than 4,100 accountants and 2,300 auditors. Some are even turning away business due to a shortage of staff.

audit 132
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C-Suite is Optimistic About GenAI Use Within Finance and Accounting, Deloitte Says

CPA Practice

While only 6% of company executives recently polled by Deloitte have already implemented generative AI solutions to support finance and accounting processes, considerably more of these decision-makers say they’re actively discussing use cases (15.4%) or have future plans to adopt the technology (27.8%), according to the Big Four firm.