And now it’s here … almost. In just a few weeks, Phase 1 of Same Day ACH service goes live. What does this step toward ubiquitous faster payments mean for bankers, businesses and consumers? For August’s Faster Payments Tracker™, powered by NACHA, PYMNTS caught up with Steve Kenneally, Vice President of the American Bankers Association, to get the inside scoop on what this transition means for the financial world.
Dealmaking can be a lot more complicated than most companies predict, and studies say that 70 to 90 percent of the time, mergers fail to meet the long-term financial goals they were drawn up to fulfill. For executives pursuing a merger, tax rulings like the recent change on inversions, and volatility in commodities and foreign exchange, are just a few x-factors that can make or break a deal. To make it to the financial close and deliver the promised returns, finance executives need to be equipped with real-time insights to evaluate transactions in the moment, and at each step of the way.
Picking the right consultant is a task fraught with risks for the finance chief. At least that’s what consultants say. CFOs turn to outside advice most often when it becomes apparent that there’s an urgent need and not enough expertise and resources to address it inside the company. The wrong consultant can undermine the company in two ways: by wasting funds and wasting time, experts say.
Best-in-class companies are automating their Accounts Payable process to improve efficiency, save time, and reduce errors. Hit reply to schedule a demo to see how your company stacks up against the competition.
Computer researchers claim to have found yet another flaw in the upgrade to the chip-based credit cards in the United States. The chip on these credit cards have been praised for making them nearly impossible to counterfeit. While the cards also contain a magnetic strip, that strip is supposed to tell the payment machine to use the chip. But there's a relatively easy way to knock down that safeguard.
New research from the International Federation of Accountants shows how advice and expertise from accountants helps improve business performance at companies around the world. The researchers found that accountants are well-suited to play various roles in the organizations where they work, including analyzing and communicating information, decision making, managing risks, and creating sustainable value for the business.
Join MineralTree CEO, BC Krishna, on Wednesday, August 17, 2016 at 1:00PM EST to learn how your business can refine their finance strategy to optimize cash management and discuss how you can manage your AP organization to improve cash management.
Answering that question starts with knowing who they are and how they practice their trade. As Kount VP Don Bush and Karen Webster chatted about in a live digital discussion, it’s also time to stop underestimating how effective they can be at getting your data and using it against you and your customers.
Banks can solve a major headache for commercial clients by offering business services to help manage accounts payable, accounts receivable, tax collection and other payments. In this video, Matthew Hawkins of MineralTree explains how this approach can strengthen the client relationship while generating additional fee income for the bank.