Late payments have been a notable by-product of the pandemic — and chief financial officers and other executives have been digitizing operations in an effort to meet those challenges to cash flow … and overcome them. In The Strategic Role of the CFO Playbook, a...
March 2020 threw a wrench into the financial strategies of businesses across the globe, disrupting well-established norms in every area of their payments processes. As chief financial officers (CFOs) can attest, the past 17 months have fundamentally altered the long-term growth plans of their businesses,...
Saving and investing app Acorns Grow Incorporated has appointed former Twitter exec Rich Sullivan as its new Chief Financial Officer (CFO) in anticipation of its public Nasdaq listing. Sullivan led corporate finance and financial planning and analysis for Twitter as part of more than two...
Evidence of the digital shift is not hard to find, from the millions of office workers who continue to work from home to the fleets of Amazon trucks coursing through neighborhoods. A less conspicuous wave of digital adoption is occurring in company accounting and finance...
Last year saw more resignations from chief financial officers than any other year, with the pandemic having adverse effects on corporate balance sheets, The Wall Street Journal reported Monday (Jan. 18). In 2020, there were 37 companies in the S&P 500, including big names like General...
A thriving commercial environment relies on sellers being able to trust that they will be paid when they provide goods and services, but myriad obstacles can impede the smooth transfer of B2B funds. Buyers need to control costs to meet their payment promises, then leverage...
Virtual cards can reduce fraud for businesses transacting online by keeping sensitive payment details safer from cybercriminals, says Mike Cook, senior partner at IBM Payments Center. In The CFO’s Guide To Digitizing B2B Payments, Cook discusses how securing cardholder onboarding can save businesses from tackling...
Corporate buyers and sellers continue to struggle with disruptions to cash flow and administrative processes that are being caused by the pandemic. This may make it more important than ever for firms to be able to use alternatives to expensive, slow-moving paper checks. B2B transactions...
We discover a basic truth upon reading PYMNTS November 2020 CFO’s Guide To Digitizing B2B Payments done in collaboration with Comdata: many treasury operations need digital triage. “Companies shifting to digital payment methods are overcoming many of the challenges that have historically plagued business-to-business (B2B)...