Whether you are an incoming CFO charged with improving performance or a sitting one trying to transform your organization, execution risk looms large. Consider, for example, the risks involved in expanding globally or in changing your business model or even in getting projects that are off the rails back on track. Solutions may entail everything from reorganizing your own group to upgrading talent, structure, systems, and processes—possibly all at once.
Some have said that with faster payments comes more fraud — and that fraud could be on the rise due to Same Day ACH. NACHA talked to the financial institutions who drive 66 percent of ACH volume and got quite a different story.
CFOs are transforming their companies into service providers in an effort to keep revenues boosted, according to new analysis from FinancialForce. More than a third of the CFOs surveyed said that providing subscription-based services has become more important to their companies’ health over the last five years. More than a quarter said they expect to provide these services as a way to promote their firms’ growth plans in the coming two years.
Wallets can be lost, stolen or forgotten, but most people today wouldn’t be caught dead without their phones. Banks understand, and are grabbing on to that trend. Customers who don’t want to fumble around in their wallet for their A.T.M. card — or who have misplaced it for the umpteenth time — will soon be able to unlock cash dispensers’ coffers by using their phone.
Many accountants could make a full-time job out of simply trying to understand the various types of technology that can make their personal lives easier and their practices more profitable and secure. However, three technology trends are of particular interest to public accountants because of their potential to transform major aspects of the profession. These three trends are the progress of blockchain technology, the continued shift to the cloud, and advances in automation. Below are brief descriptions of each trend.
Accounts payable has been undergoing a paradigm shift from a back-office afterthought to a core, strategic business function. Join us on March 2nd to learn how to illustrate the ROI in automating your accounts payable (AP) process. We will cover 10 steps to developing and communicating a winning business case for accounts payable automation at your company.
According to the results of the Hacking America: Cybersecurity Perception study, American consumers are at risk of “cyber confusion” in both the workplace and at home. The research, from Kaspersky Lab and HackerOne, revealed that both consumers and businesses in the U.S. are in need of a deeper understanding of cyberthreats and how to protect sensitive data online.
Traditional financial institutions have been forced to look inward as they continue to face competition from alternative lenders and FinTech providers. And while partnerships, collaboration and internal product development have helped banks to improve their reputations for innovation among their corporate clients, a new report from Boston Consulting Group says it’s not enough.
MineralTree provides the easiest to use Accounts Payable and Payment Automation solutions for finance professionals at growing middle market enterprises. Serving 1000+ customers and processing $2B in annual payments, MineralTree SaaS solutions automate either the full invoice to pay or payments processes, and reduce time spent by 70 percent.