Remember floppy disks? Some manufacturers might as well still be using them. But running a modern manufacturing business on an outdated enterprise resource planning (ERP) system can be like trying to race NASCAR with a horse-drawn carriage. Aging ERP systems, cobbled together decades ago, have...
Open-source financial infrastructure provider Formance raised $21 million in a Series A funding round to grow its Ledger and other solutions that help developers build financial flows and products. The funding round was co-led by PayPal Ventures and Portage and came after a 12-month period...
You can’t spell technology-fueled growth without the letters C, F, and O. By aligning teams, leveraging technology and maintaining a disciplined focus on growth, the modern CFO’s role is increasingly evolving into one that can serve as a catalyst for organizational success. The reason? Finance...
Many companies struggle with a lack of transparency in their accounts receivable (AR) processes, making it difficult to identify payment issues and forecast cash flow. As business operations become more complex, AR automation provides a solution. The PYMNTS Intelligence report “Window of Opportunity: Gaining AR...
As criticism of traditional biweekly and monthly payroll systems increases, workers in gig, freelance and contract roles are more vocal about the financial strain caused by delayed payments. This has sparked a demand for instant payroll, changing how employees manage their finances and engage with...
Innovation isn’t just about new products or technologies; it’s about challenging old ways of thinking and improving every part of the business. Organizations looking to grow need to unlock operational data within the business and establish a single source of truth. Otherwise, a vacuum may...
To keep their organizations competitive, treasury teams need a unified source for payment management to efficiently manage financial operations, reduce costs, and mitigate errors and fraud. In a press release Wednesday (Jan. 8), FinTech company Treasury4 announced the launch of Payments4, a module for its...
Turning cost centers into growth engines is the name of the game for today’s CFOs. The financial landscape is changing rapidly. Traditional payment processes, characterized by manual workflows and delayed reconciliations, no longer align with the demands of an increasingly digitized and globalized business ecosystem....
It is the first Monday of 2025, and at least one thing is already different: Apple’s finance function. The world’s largest company, with a $3.27 trillion market cap, has a new CFO. Kevan Parekh, formerly Apple’s vice president of financial planning and analysis, has officially...