Sections
accounting
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B2B PaymentsAcctTwo Rolls Out Project Billing Customization For Sage Intacct
In an effort to provide automation for the most complicated project billing use cases, AcctTwo has rolled out a customization for Sage...
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RegulationUK Moves To Split Audit And Consulting Profits At Big Four
The Big Four accounting firms will have to put their United Kingdom auditing and consulting practices in separate business units by 2024,...
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Security & FraudSoftBank Wants Out Of Wirecard Partnership After Last Year’s $1B Investment
SoftBank is looking to put distance between itself and Wirecard due to the German payments company’s ongoing scandal involving missing money and...
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Security & FraudFormer Wirecard Execs Face Criminal Charges In Austria
The Wirecard AG accounting scandal has extended its reach to Austria. A criminal complaint has been filed in a Vienna court against...
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B2B PaymentsPayment Rail Innovators Focus On B2B Payments Data
Whether building solutions on existing rails like ACH, or developing new infrastructure to bypass legacy tools, payment rail innovators are placing a...
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NewsToday In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards
In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards...
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Bank RegulationWirecard Forces ‘Radical’ Reboot Of German Accounting Regs
As the fallout from Wirecard’s troubles unfold, Germany’s deputy finance minister has called for radical solutions to fix how accounting firms are...
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Security & FraudEY Under Scrutiny Over Wirecard Accounting Practices
Ernst & Young (EY), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank...
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Security & FraudMastercard, Visa Said To Rethink Wirecard Deals Amid Accounting Scandal
Mastercard and Visa are considering ending their agreements with Wirecard to process payments on their networks as the German financial technology company’s...
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B2B PaymentsData Hurdles Keep Accountants From Elevating Their Role
With more organizations embracing FinTech in the back office, businesses are increasingly aware of the importance of data integration between various portals....
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Security & FraudWirecard’s End Appears To Begin In China
For Wirecard, does the end start in China? It’s well known by now that roughly $2 billion is unaccounted for in a story...
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Security & FraudWirecard’s Missing Cash Brings Accounting Saga To New (Perhaps Final) Chapter
Cash, they say, is king. And when cash disappears from the bank (and thus from corporate coffers) — under mysterious circumstances with...
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Security & FraudWirecard CEO Out After Auditors Reported $2B Is Missing
The founder and CEO of Wirecard AG resigned Friday (June 19) one day after auditors revealed 1.9 billion euros ($2.1 billion) were...
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Security & FraudWirecard Delays Annual Report After Auditors Can’t Confirm $2.1B In Cash Exists
Wirecard has postponed publication of its 2019 annual report after disclosing that its auditor can’t confirm the existence $2.1 billion in trust...
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B2B PaymentsUK’s Peasy Offers Rewards For Faster Invoice Payments
Peasy, a new U.K.-based startup, wants to help businesses get invoices paid faster, according to a press release. The idea behind Peasy...
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B2B PaymentsReceipt Bank Buys Xavier To Boost Accounting Services
Digital accounting platform Receipt Bank has acquired analytics firm Xavier to help boost services for accountants and bookkeepers, according to a press...
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B2B PaymentsQuickBooks Strengthens Reports, Adds Enterprise Diamond Tier
Stronger report functions for QBO Accountant and QuickBooks Online have come with a refresh of the accounting software programs in June. A...
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B2B PaymentsWhy Economic Volatility Opens Up Opportunity For The Modern Corporate Accountant
The pandemic is setting the stage to change just about every aspect of running a business. With market volatility and economic pressure...
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B2B PaymentsFreshBooks Unveils Initiative To Link Accounting Professionals With SMBs
To connect modern accounting firms with small businesses, FreshBooks rolled out its FreshBooks Accounting Professionals Program. The software firm said the initiative...
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B2B PaymentsCorporates Explore The Path Of Least Resistance To AP Automation
With a newfound sense of urgency, corporates jump-started their digitization efforts almost immediately after stay-at-home mandates began. With accounts payable (AP) departments...
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B2B PaymentsCapgemini Teams With BlackLine To Help Organizations Streamline F&A
In an effort to help organizations optimize their accounting and finance procedures, Capgemini has joined forces with BlackLine Inc. for a global strategic...
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B2B PaymentsBridging The Accounting Gap For Lessors And Lessees
The International Accounting Standards Board introduced a significant overhaul to lease accounting standards, and while the changes went into effect at the...
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Accounts ReceivableHighRadius Rolls Out Technology Suite For AR Automation
To automate accounts receivable (AR) for mid-sized companies, HighRadius has rolled out its RadiusOne A/R Suite. The FinTech enterprise Software-as-a-Service (SaaS) company, which...
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B2B PaymentsAvignon Capital Rolls Out Accounting Service To Help Real Estate Investors
To help real estate investors contend with the increasingly complicated accounting and compliance work particular to real estate, Avignon Capital, a European...
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Partnerships / AcquisitionsRevolut Integrates With Clear Books Accounting Software
London-based FinTech Revolut said it will “integrate” its products with Clear Books, which offers accounting software for small businesses. The pair-up will...
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B2B PaymentsEsticom, Foundation Team To Speed Up Construction Project Management
Esticom, a cloud-based estimating software that aims to aid contractors, is partnering with Foundation Software to help construction company management by streamlining...
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B2B PaymentsSage Updates Will Boost SMB Accounting Visibility
Cloud business management firm Sage has announced new updates to its small business cloud accounting solution to help customers gain more insight...
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B2B PaymentsAutobooks Enables SMB Payments Via Accounting Portal
To help small- to medium-sized businesses (SMBs) receive payment online, SMB payment and accounting platform Autobooks unveiled the rollout of a new...
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Security & FraudWirecard CEO Won’t Resign Despite Questions Raised By Audit
Despite an audit that raised questions about operations at Wirecard, a publicly traded financial services provider based in Munich, its CEO has ignored...
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B2B PaymentsCutting Through The Accounting Jargon For Independent Contractors
Independent contractors sit somewhere along the spectrum between consumer and small business owner. As one-person operations, they often lack the resources and...
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B2B PaymentsAcctTwo Aims To Transform SaaS Accounting With Managed Service
With a managed accounting service (MAS) created for startup founders and chief financial officers (CFOs), AcctTwo has rolled out service called MAS for SaaS....
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B2B PaymentsOneStream Launches Automated Account Reconciliation
OneStream, which specializes in corporate performance management (CPM) for companies, has a new program that promises to speed up the time it...
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B2B PaymentsTeampay Wields Slack To Promote Controller Collaboration
Spend management startup Teampay is introducing the Controller Collective, a Slack-based exchange to assist controllers and senior accounting professionals, Teampay said in...
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B2B PaymentsThe Waterfall Effects Of Integrated SMB Accounting
Automation in small business accounting can certainly be beneficial, but when a cloud-based accounting platform remains within the confines of its own...
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InternationalSmall Business Accounting Software FreshBooks Rolls Out In UK
With a continuation of its global expansion, small business accounting software maker FreshBooks has rolled out in the United Kingdom. The firm...
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B2B PaymentsRethinking Reconciliation Amid Deeper Corporate Finance Disruption
The reconciliation process is traditionally viewed in the context of financial transactions: Does the value of a company payment match with what...
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B2B PaymentsAirwallex, Xero Collab On X-Border SMB Payments, Reconciliation
Australian cross-border FinTech unicorn Airwallex is integrating with New Zealand’s cloud-based accounting platform Xero, Airwallex announced Tuesday (March 10). The collaboration is...
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B2B PaymentsFloQast Augments Reconciliation Automation With AI
Accountant close management software company FloQast has upgraded FloQast AutoRec, the company’s AI-powered solution to account reconciliation, according to a release. FloQast...
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B2B PaymentsQuickBooks Deepens PayPal Integration For SMB Payments
QuickBooks Connect, an event planned this week in London, was canceled due to the coronavirus, so parent company Intuit has released information...
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The WeekenderTreasury APIs, BNPL And Robinhood’s Outage Top This Week’s News
It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest...
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B2B PaymentsHostBooks Launches Mobile Accounting App For SMBs
HostBooks Accounting Software Company has announced the launch of its mobile app to help small businesses with payroll integration and other services....
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B2B PaymentsSage Exits Latin America Amid Cloud Transition Growing Pains
The British accounting software company Sage is offloading its operations in Brazil in a deal estimated to be valued at £1 million,...
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B2B PaymentsUK Moves Closer To Big Four Accountancy Breakup
The Financial Reporting Council (FRC), the U.K.’s audit regulator, announced plans this week to break up the dominance of the largest four...
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B2B PaymentsOpen Banking Deepens Its SMB Accounting, Lending Presence
As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. This week’s...
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B2B PaymentsReuters, KPMG Team For Aussie Business Taxes
Business information firm Thomson Reuters is teaming up with global tax company KPMG to offer Australia businesses a solution to deal with...
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B2B PaymentsAccounting Firms MYOB, Xero Eye Invoice Finance Solutions
Accounting software providers MYOB and Xero are exploring invoice finance solutions while retaliation ensues in the background regarding products that charge fees...
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B2B PaymentsSmall Businesses’ Biggest Lease Accounting Pitfalls
New lease accounting standards are in effect for publicly traded companies in the U.S. after the Financial Accounting Standards Board (FASB) and...
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B2B PaymentsAccounting Background No Longer Needed For CFO Jobs
Having an accounting background is no longer a must for a company’s chief financial officer (CFO), according to a report by The...
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B2B PaymentsHow Faster Payments Can Show Future Of SMB Cash Flow
Advances in data integration and automation have taken small- to medium-sized business (SMB) accounting to the next level. In the effort to...
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B2B PaymentsHow Big Data Guides The Accountant’s Evolution
Technology continues to initiate change in the role of accountants from number-crunchers to strategic advisors. With client requirements in flux, and with...
