SMBAccountant
JUNE 2, 2020
Why you need a Controller? Owning a small business is an incredibly rewarding opportunity but it can sometimes feel overwhelming. As owners, we all wear many hats and it can be difficult to balance the creative, managerial, and financial decisions all on our own. Professionals such as controllers can help small business owners concentrate on what they do best.
PYMNTS
MAY 31, 2020
After Alabama reopened on May 1, the state has seen coronavirus cases surge by 300 percent month over month, with intensive care units (ICUs) at less than 4 percent capacity remaining and medical workers “exhausted physically and mentally,” Montgomery Mayor Steven Reed said on CNBC. Reed said his region has “improved marginally,” but that it is “not enough to get us out of this crisis moment.” “We can manage it, but we can’t sustain the trend that
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RLLeaders
JUNE 2, 2020
Marches. Protests. Riots. Each is a different, unique expression of anguish facing communities and their allies. Each is capable of evolving into another in an instant, with or without actual, representative intent, much less strategic planning. All of them are rooted in the same reality: something has to change. Dr. Martin Luther King Jr. and John Lewis knew this nation needed change.
CapataCPA
JUNE 5, 2020
Senate Passes Paycheck Protection Program Flexibility Act As expected, the Senate has passed the House of Representatives’ version of the Paycheck Protection Program (PPP) Flexibility Act on June 3, 2020.This legislation will remove many restrictions from the original PPP terms while still allowing businesses to maximize forgiveness. Key Provisions Some of these highlights are recaps of our previous email.
Speaker: Danny Gassaway and Wayne Richards
Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.
SMBAccountant
JUNE 2, 2020
Why you need a Controller? Owning a small business is an incredibly rewarding opportunity but it can sometimes feel overwhelming. As owners, we all wear many hats and it can be difficult to balance the creative, managerial, and financial decisions all on our own. Professionals such as controllers can help small business owners concentrate on what they do best.
PYMNTS
JUNE 2, 2020
Plutus , a British FinTech startup, is providing rewards via its credit card to customers who buy from the eCommerce store of Nike , Cointelegraph reported. The rewards are made with Pluton, the native digital currency of the company. Users can receive additional rewards by staking their digital tokens through the company’s app. Users have to utilize the Plutus Visa card as they shop through the web to get the benefit.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
MazumaBusinessAccounting
JUNE 3, 2020
Here at Mazuma, we live by three simple phrases: stay compliant, stay organized, and save on taxes. Our goal is to ensure your small business is compliant with the IRS, your books are organized and you save on taxes during tax season. We accomplish this goal by our Mazuma Portal Dashboard. Our portal is the software we use to connect our client’s information with our tax professionals.
CapataCPA
JUNE 3, 2020
PPP Loan Forgiveness- Possible Loosened Restrictions The House of Representatives has passed the Paycheck Protection Program Flexibility Act to the Senate on May 28, 2020 with a 417-1 vote.The bill will make qualifying for PPP loan forgiveness easier for borrowers by loosening some of the restrictions originally put in place as part of the CARES Act on.
PYMNTS
JUNE 2, 2020
Real gross domestic product ( GDP ) is projected to plummet 52.8 percent in the second quarter, according to the Federal Reserve Bank of Atlanta’s GDPNow as of Monday (June 1). The model, which offers a “nowcast” of the official estimate before its release, had forecast a 51.2 percent drop on May 29, according to an announcement. The nowcasts of real personal consumption expenditures growth for Q2 fell from a 56.5 percent drop to a 58.1 percent drop, and real gross private domestic investm
Katz,Sapper&Miller
JUNE 2, 2020
In order to keep our clients and friends safe and healthy during the COVID-19 crisis while still providing a forum for open discussion, Katz, Sapper & Miller’s Construction Services Group has temporarily moved our usual in-person Viewpoint Construction Software® Local User Group Meeting to a virtual event on June 17 from 2:00-4:00 p.m. EDT.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
MazumaBusinessAccounting
JUNE 3, 2020
Most small business owners are aware of the Paycheck Protection Program (PPP Loan) but are unaware of in depth details of the loan and how to spend those funds. This article will provide reasons to apply for the loan, how to spend the funds, and how to be forgiven for those funds. What is the Paycheck Protection Program? The PPP Loan was created to give relief to small business because of the COVID-19 pandemic.
PYMNTS
JUNE 3, 2020
Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It is one of the region’s fastest-growing companies, having just turned in a stellar first quarter in a region that has more complexities than any of its northern neighbors.
PYMNTS
JUNE 2, 2020
Financial institutions (FIs), businesses and healthcare providers are adjusting their operations to suit the new reality that the COVID-19 pandemic has caused. Healthcare provideers, for example, are turning to telehealth solutions to service patients for routine appointments as to keep those individuals from entering hospitals or doctors’ offices and risking exposure.
PYMNTS
JUNE 3, 2020
Isn’t it surprising to know that 70 percent of financial institutions are just now adopting cloud computing solutions? Or how about this fact: over 90 percent of the world’s top 100 banks still use physical mainframes running 20th century style. So, what’s holding up the upgrades? It’s that old devil, legacy, and a smidgen of caveat emptor on the part of upgrading banks.
Speaker: Jennifer Hill
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
PYMNTS
JUNE 4, 2020
Daily life has been upended by the coronavirus. And where there is uncertainty there is fear. Fear of who’s got the dreaded virus and who may look completely asymptomatic — and who, unwittingly, may be putting countless other people at risk. Shane Bigelow , CEO of Vital Chain , which uses blockchain to help individuals download and control how healthcare data is used — including COVID-19 test certification — told PYMNTS in a recent interview that digital certificates can go a long way toward reo
PYMNTS
JUNE 3, 2020
After some three months of keeping consumers at home, governments around the world are beginning to let people publicly mix again — albeit in a modified fashion that involves wearing masks, keeping socially distant and limiting crowded indoor locations. The big question is how to make sure infection rates and hospitalizations don’t skyrocket. As CEO Jon Prideaux of mobile payments and identity platform Boku noted in a recent conversation with Karen Webster, China, South Korea and Singapore are u
PYMNTS
JUNE 3, 2020
The role of application programming interfaces (APIs) in banking and B2B payments has grown progressively larger over recent years, especially overseas. The United Kingdom has more than 200 providers developing APIs , for example, and these developers made 200 million requests for bank data via APIs just in January. These APIs are constantly threatened by fraud, however.
PYMNTS
JUNE 1, 2020
Western Union could be looking to acquire MoneyGram in a transaction that would unite two of the country’s largest money transfer services, according to Bloomberg. Western Union has made a takeover offer to MoneyGram, but nothing has been made official, Bloomberg reported, citing a source who asked not to be identified. MoneyGram has been struggling during the pandemic, with its physical locations having to close around the world as governments impose stay-at-home orders.
Speaker: Sierre Lindgren
Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.
PYMNTS
JUNE 3, 2020
While Lyft’s ride counts are rising from the worst parts of the pandemic, they’re still down 70 percent from a year ago, CNBC reported. Lyft’s ridership, affected as other such companies have been by the pandemic, was up 26 percent in May compared to April, a regulatory filing said. These numbers are among the first companies have offered as states have begun to reopen after the worst of the pandemic.
PYMNTS
MAY 31, 2020
The coronavirus pandemic has many smaller property owners looking to unload their properties to save money, which could lead to big owners seeing a market ripe with purchasing opportunities, according to a CNBC report. The companies on the defensive right now also include venture capital-backed rental companies and vacation rental apps like Airbnb. The U.S. travel economy has taken a decisive $195 billion revenue shortfall since March when the pandemic began, according to CNBC, which cited a rep
PYMNTS
JUNE 3, 2020
As commerce shifts online in a pivot that is likely to remain permanent, the fraudsters are also shifting their targets — and methods. And as Rob Tharle , head of fraud strategy at NICE Actimize , told PYMNTS in a recent interview, financial institutions (FIs) and merchants need to adopt a multi-layered approach to combatting those bad actors. “There are a number of areas where the fraud threat has increased this year and where we have seen an increasing trend — and the current situation with CO
PYMNTS
MAY 31, 2020
Mexican banking FinTech albo is now offering business banking services in addition to the individual services the company has provided previously, according to news site Contxto. The service, called albo empresas, or albo business, attempts to address the problem of businesses losing time by making payments. Through albo empresas, businesses can receive money, make transfers, disperse funds and keep track of their dealings through reports that show the financial health of the company.
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
PYMNTS
JUNE 5, 2020
Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. Providing robust services via mobile channels is especially important now, as the COVID-19 pandemic has caused businesses to operate remotely and consumers to stay at home as much as possible.
PYMNTS
MAY 31, 2020
Google users in India can now order groceries for delivery from startup Dunzo , allowing the tech giant to effectively enter into the Indian delivery market, according to a BGR report. The service can be used through Google Pay without having to download another app. The partnership will work for both companies, allowing Google to use Dunzo’s on-the-ground services, while Dunzo will reap the benefits of Google’s Pay app, which has over 67 million users in India.
PYMNTS
JUNE 3, 2020
There are tough economies, and then there is the existential grappling, for consumers and small businesses alike, that is the hallmark of the COVID-19 pandemic. In an interview with Karen Webster, Chuck Fagan , president and CEO of PSCU , said the very model of the credit union can help members navigate the seismic shifts of a historic economic downturn spurred by the coronavirus.
PYMNTS
JUNE 1, 2020
Food prices in the U.S. are higher than they have been in almost a half-century, thanks to disruptions in the supply chain, economic issues and spikes in viral infections. According to the Associated Press , prices spiked in April by 2.6 percent — a higher number than has been seen at any point in 46 years — and are likely to stay that way for the time being, according to the Labor Department.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
PYMNTS
JUNE 1, 2020
Americans are known the world over for many things, but financial literacy isn’t one of them. We’re not known for being a nation of expert money managers. GoBankingRates offered up a six-question money quiz a bit back to the public to let consumers test their inherent knowledge of financial literacy and only about 3 percent of respondents managed to pass.
PYMNTS
JUNE 1, 2020
Physicist Niels Bohr — or maybe it was ballplayer Yogi Berra — once said predictions are hard, especially the ones about the future. Any sudden shock to the system like we have observed with the pandemic exposes both vulnerabilities and opportunities, especially for payments. But as to where we are headed — well, that’s a bit tougher to divine. In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, bank
PYMNTS
JUNE 1, 2020
On the heels of the U.S. Mint’s decision to phase out production of pennies next year, a partner at Andreessen Horowitz, a California-based venture capital firm, said money will be digital by 2030, Bloomberg News reported. Kathryn Haun said cash is on its way out in the same way books and music have gone digital. Haun’s prediction is not surprising given the company’s effort to raise $450 million for Libra, a blockchain digital currency proposed by Facebook.
PYMNTS
JUNE 3, 2020
Bank-FinTech collaboration continues to proliferate in markets around the world. This week’s look at the latest tie-ups show the U.K. and Europe embracing FinTechs in Open Banking efforts. Elsewhere, FinTechs are taking the initiative to work with financial institutions and offer their technologies in an effort to augment corporate services. Below, PYMNTS breaks down the latest in bank-FinTech partnerships.
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Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.
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