The COVID-19 pandemic disrupted normal operations for many businesses and led to cash squeezes as consumers delayed making payments. As painful as this experience was, chief financial officers (CFOs) at organizations quickly recognized that the upheaval created an opportunity. Digitization initiatives simmering on the back...
As the first public neobank in the U.S., LendingClub has well-positioned itself to meet consumers’ needs as they rely more and more on digital channels to manage their finances and credit. “What we’re trying to do is also take that digital frame that we have...
The movement toward payments digitization has had positive ripple effects in B2B, with an overwhelming number of CFOs remarking that accelerating those modernization efforts also makes back-end operations more efficient. In a new study, “Business Payments Digitization: A Path to a Better Balance Sheet,” done...
Like many other chief financial officers during the pandemic, TreviPay CFO Joel Campbell found himself spending an awful lot of his time overseeing his company’s rush to modernize its back-end technology stack to ensure it could keep doing business while the office stayed shut. Some...
The way things are recorded in accounting has not changed, but the way people interact with data has changed greatly, Amir Jafari, chief financial officer at Plastiq, told PYMNTS. For example, he explained that the system of records has been untouched for 40 years, while...
As loyalty and retention efforts take on greater importance in hotly competitive pandemic-era commerce, more chief financial officers are intensifying efforts around digital transformations that ensure greater customer lifetime value as a core strategy for ongoing growth. For The Strategic Role Of The CFO Playbook,...
Alongside Virta Health’s work in trying to cure type 2 diabetes, the CFO of this virtual healthcare startup keeps busy finding solutions for a range of other challenges. Specifically, he is focused on minimizing the headaches from the B2B world’s reliance on outdated, paper-based checks...
The pandemic’s disruption to the economy and to business models has spurred chief financial officers (CFOs) to re-examine the strategies they use to reach their end customers. And as part of those strategies, digitization is critical. Digitizing payment processes is helping many organizations continue to...
The pandemic’s disruption to the global economy clarified how important it is for chief financial officers (CFOs) to think strategically, particularly concerning business strategies that keep companies connected with their customers. For starters, the pandemic hastened the adoption of digitization throughout corporate financial operations. This...