Corporate treasurers and chief financial officers are on the hunt for a better way to make payments, especially internationally. That’s according to corporate software firm FIS, which published the findings of its latest survey on corporate payments needs last week. According to the data, more than half (53 percent) of treasurers said they have standardized at least three-quarters of their payments volumes.
It’s no secret that fintech is in the early stages of a truly global moment. Although financial technology has been a core part of the internet revolution from the beginning, with PayPal’s 1998 entrance into online payments the first loud shot heard around the world, it wasn’t until the introduction of Bitcoin in the late-2000s and its game-changing blockchain technology that the murmur became a deafening roar.
Chief financial officers (CFOs), are the financial wizards in the company and have a pretty complex role and job scope. It is not just about maintaining budgets and keeping track of revenues and expenses in order to maintain shareholder value; a CFO also has an important voice in decision-making processes.
Finance chiefs of the future will have diverse professional backgrounds, meaning that accounting experience will not always be required. In these five articles, industry experts weigh in on the most sought-after attributes of the modern CFO.
Every business does business with at least one other business. You pay for electricity, you buy pens, you outsource your app development, or you buy vehicles from the local dealer. To manage all that, most companies end up managing an accounts payable program, to ensure consistency and timely payments.
CPAs face a dizzying array of choices and decisions. Some of the most crucial are in the technology arena. Technology can unlock efficiencies and drive progress, but it also can create confusion and introduce risk. What should CPAs do to maximize the benefits of technology while minimizing their tech troubles?
News continues to break regarding data breaches within companies of all sizes and the majority involve the finance department. Whether it's the security of certain payment methods or employee and customer data protection, risk prevails. Organizations of all sizes are under increased pressure to be more aware and prepared for these attacks. Regardless of the level of security within your organization, there could be monsters lurking under your bed.
Thanks to the constant stream of mega-breaches, cybersecurity has moved from the server room to the boardroom. While it’s become evident that cyber defense requires board-level input and attention, translating deeply technical cybersecurity and risk factors into business terms has been an ongoing struggle.
Thanks to eye-scanning technology, millions of Americans can now access their bank accounts by merely looking at their phones. It even works with a hangover. The technology is being introduced across the country by Wells Fargo and, as Fortune has learned, by dozens of regional banks and credit unions. Its arrival means consumers can jettison their bank passwords and log-on by looking instead.