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B2B Financing Firm FreightRover Reportedly Impacted By Celadon Fraud Scam

PYMNTS

The Indianapolis-based firm, which works to accelerate B2B payments to truck operators, apparently has removed its CEO and COO — the result of a financial accounting scandal at another trucking firm where FreightRover executives had worked. FreightRover Financing Work. billion in financing every year.

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Reverse Factoring Intensifies The B2B Late Payments Debate

PYMNTS

The Big Four auditing firms — EY, Deloitte, KPMG and PwC — have recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are debt.

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CFOs, Buried In Data, Struggle With Financial Reports

PYMNTS

“ CFOs worldwide are struggling to make the most of the increased volume and speed of data available to them,” concluded EY Global Financial Accounting and Advisory Services Leader Peter Wollmert in a statement announcing the research.

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Cygnet Infotech Updates FACE Accounting Platform

PYMNTS

Business software maker Cygnet Infotech has updated its FACE ( Financial Accounting Comprehensive and Easy ) accounting software platform, according to a published report. The update to the FACE offering comes 19 months after the offering debuted, the report stated.

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Accounts payable vs. accounts receivable: What are the differences?

ThomsonReuters

GAAP for accounts payable and receivable The Generally Accepted Accounting Principles (GAAP) are a set of rules specific to the United States that are designed to provide oversight for accounting practices. Is invoicing accounts payable or receivable?

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KPMG, PwC, EY To Put $9B Toward AI, Data Tech

PYMNTS

The Big Four auditing firms have also recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are considered debt.

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MatrixCare Targets Niche Healthcare Market With Analytics Tool

PYMNTS

The technology uses Microsoft Azure and PowerBI technology to help companies within the LTPAC space manage data and access analysis via dashboards.