Sections
accounting
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2.8KB2B 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...
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1.6KAPIHow APIs Are Helping FIs Meet SMBs’ Payment Needs
Corporates no longer tolerate “swivel chair” solutions that force them to switch back and forth between different software solutions and different bank...
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2.0KB2B PaymentsTribe Payments’ Bankbox Allows For Payroll, AP Integration
Tribe Payments has announced that its new Bankbox service, which allows for direct integration into payment rails for payroll and accounts payable...
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10.6KB2B PaymentsKPMG, PwC, EY To Put $9B Toward AI, Data Tech
The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data...
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7.8KB2B PaymentsCorporates Brace For Cloud Computing Accounting Changes
The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., has released new guidance on computing costs for cloud...
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2.7KAccounts PayableAP Automation Set To Shred Paper Checks
We may be present for an historic moment akin to the advent of electric lighting, or at least the leap from DVD...
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1.6KNext-Gen Sales TaxDeep Dive: How Not To Lose A Bundle On Bundled Taxes
Merchants frequently package products together into eye-catching bundles, selling everything from laptops with preloaded software to charcuterie gift baskets. Bundling can give...
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2.7KB2B PaymentsStarling Bank Marketplace Now Offers QuickBooks
Online accounting software provider QuickBooks is now part of the Starling Business Marketplace, Starling Bank said in a blog post on Wednesday...
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4.6KB2B PaymentsMessageXchange Launches PEPPOL-Certified eInvoicing In Australia, New Zealand
MessageXchange has announced that it is the first PEPPOL-certified eInvoicing Access Point service provider in Australia and New Zealand. Earlier this year,...
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2.3KB2B PaymentsAvidXchange Targets Banks’ B2B Payments Friction With AvidPay
Commercial payments technology company AvidXchange is connecting banking clients to its AvidPay B2B payments network through a new integration. The company announced...
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3.4KB2B PaymentsHow APIs, The Gig Economy Drive Payroll-Accounting Connectivity
With open banking business models inspiring FinTech innovators to explore other use cases for data integrations, the B2B financial services market has...
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4.4KInvestmentsSEC Probes WeWork For Potential IPO Violations
The U.S. Securities and Exchange Commission (SEC) is reportedly looking into WeWork to determine whether the embattled company violated financial rules while...
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3.7KRetailUnder Armour Defends Reputation Amid Allegations Of Hiding Soft Sales
Under Armour CEO Kevin Plank has responded to allegations that he borrowed business from quarters in the future to mask slowing demand...
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5.7KB2B PaymentsCreDec Adds Real-Time Payments To Xero
Payment service provider CreDec is integrating real-time payments capabilities that will allow small and medium-sized businesses (SMBs) and their accountants to bypass...
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4.8KSecurity & FraudJustice Department, SEC Investigating Under Armour
Baltimore-based Under Armour is being probed over its accounting practices by the U.S. Securities and Exchange Commission (SEC) and the U.S. Department...
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2.8KB2B PaymentsRedCloud Launches OCR-Driven Payment Solution
RedCloud Technologies has announced the launch of its optical character recognition (OCR) driven digital collections and reconciliation payment solution. London-based RedCloud allows...
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2.6KB2B PaymentsBig Four Seek Guidance On Trade Finance
Top accountancy firms are asking the Financial Accounting Standards Board (FASB) to clarify how corporates should report on supplier finance programs that...
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2.8KSecurity & FraudNews Of KPMG Audit Triggers Spike In Wirecard Shares
Shares in digital payment company Wirecard went up almost 7 percent on Monday (Oct. 21), following news of an independent audit by...
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4.1KB2B PaymentsOpen Banking Expands Its Horizons For Small Business Finserv
The evolution of financial services has opened the door for open banking to take place. While in the U.K., Europe and elsewhere,...
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3.7KSecurity & FraudAuthorities Demand Accounting Details From Germany’s Wirecard
After trying to discredit a report about its dodgy accounting practices, Germany-based Wirecard is facing demands from analysts for comprehensive information about...
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3.0KB2B PaymentsCodat Pulls SMB Accounting Into The Open Banking Fold
Small business (SMB) accounting FinTech Codat is teaming up with five°degrees to join its Open Banking partnership, according to Verdict on Tuesday...
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2.5KB2B PaymentsUK Tightens Accounting Standards As Corporate Collapses Continue
More high-profile corporate collapses in the U.K. have led the Financial Reporting Council (FRC) to enact more stringent accounting standards, The Guardian...
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2.8KInvestmentsTipalti Raises $76M In Series D Led By Zeev Ventures
San Mateo accounts payable automation startup Tipalti won $76 million in a funding round led by Zeev Ventures. Also participating were Group...
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3.9KPayment MethodsStripe Expands European Presence
San Francisco-based Payments startup Stripe is rolling out its services in eight new European countries, the company said in a press release...
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2.7KB2B PaymentsXero Integrates BP Fuel Card eInvoices
Small business cloud accounting company Xero has announced BP as its latest – and largest – partner to join Xero Connect. Scoop...
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3.8KSecurity & FraudMadoff Whistleblower Has GE On The Defense
Boston-based General Electric (GE) is defending itself against accounting fraud alleged by the same whistleblower who called out Bernard Madoff’s Ponzi scheme,...
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3.8KB2B PaymentsRevolut Taps Xero For SMB Expense Offering
Challenger bank Revolut is launching a new product for its small business customers. The U.K. company announced in a blog post on...
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2.7KB2B PaymentsRoadSync Streamlines Logistics Payments With QuickBooks
Logistics payments platform RoadSync is syncing into QuickBooks to boost transaction efficiency for its users. A press release reported by AJOT this...
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2.6KB2B PaymentsBig Four Accountancies Fail UK Audit Test
All of the U.K.’s so-called Big Four accountancy firms — KPMG, PwC, EY and Deloitte — have reportedly failed to reach audit...
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4.0KB2B PaymentsCambridge Global Payments Automates X-Border AP
FLEETCOR-owned Cambridge Global Payments has announced the launch of its Invoice Automation Solution. Cross-border commercial payments and FX management firm Cambridge Global...
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2.0KB2B PaymentsSMBs May Get More Time To Adopt New Accounting Standards
Financial regulators are considering allowing smaller businesses (SMBs) more time to comply with sweeping changes in lease accounting standards, which experts have...
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3.2KB2B PaymentsAmaiz Debuts Mobile Banking App For Startups
U.K. FinTech Amaiz is rolling out a mobile business banking app for entrepreneurs, announced in a blog post this week. The solution...
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3.3KB2B PaymentsBrex Integrates With Accounting Platforms
Commercial card startup Brex has announced the launch of a portal to connect cardholders to accountants. In a press release Thursday (June...
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3.7KB2B PaymentsPwC: Next Auditing Giant To Overhaul Business
PricewaterhouseCoopers is the next Big Four U.K. auditing giant to overhaul operations amid growing regulatory scrutiny on the industry. PwC is reportedly...
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2.0KB2B PaymentsSEC’s Top Accountant Role Left Vacant Ahead Of Standard Changes
As the Securities and Exchange Commission (SEC) readies to implement sweeping changes in accounting standards, the agency’s top accounting role has been...
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3.4KB2B PaymentsNew Details Emerge On Chinese Pharma’s $4.3B Fraud
New details have surfaced about how a Chinese pharmaceutical conglomerate overstated its cash position by about $4.3 billion. Bloomberg reported on Wednesday...
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2.3KB2B PaymentsUK Financial Watchdog Ramps Up Auditor Oversight
U.K. financial watchdogs have stepped up their oversight of the accounting and auditing industry amid a string of corporate accounting scandals, collapses...
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2.7KB2B PaymentsAccountants Sound Off On Wolters Kluwer Cyberattack
A cyberattack at accounting firm Wolters Kluwer that left its accountant clients unable to access a portal necessary to do their jobs...
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3.5KB2B PaymentsKPMG Won’t Split Accounting, Auditing Units
Despite recommendations from a U.K. authority, KPMG revealed it would not split up its accounting and auditing units. However, starting on June...
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2.4KB2B PaymentsChinese Firms Missing $6B In Cash
Regulators are taking action after more than $6 billion in cash has disappeared from the books of two Chinese companies, according to...
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3.0KB2B PaymentsDespite FY19 Losses, Xero Shares Surge
Small business accounting firm Xero saw its financial losses widen for the 2019 fiscal year, yet shares surged for the company as...
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3.5KB2B PaymentsWhy The Back Office Should Pay Attention To The POS
The journey of digitizing the enterprise created a whole new set of unique challenges in business operations. One of the largest was...
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5.3KB2B PaymentsWolters Kluwer Cyberattack Spreads ‘Quiet Panic’ Through Industry
A malware attack at accounting software company Wolters Kluwer wreaked havoc on the firm this week, as reports stated the cyber event...
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3.4KB2B PaymentsShould Auditors Be Responsible For Catching Corporate Fraud?
Tensions are running high in the U.K. corporate auditing arena. Amid calls to break up the so-called Big Four auditors – PricewaterhouseCoopers,...
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4.3KB2B PaymentsIntuit, ADP Strengthen Cross-Platform Integration
Human capital management solution provider ADP is deepening its integration with Intuit’s small business accounting platform, QuickBooks, to streamline data connectivity between...
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3.6KB2B PaymentsFreight Firm Celadon Settles Accounting Fraud Claims
Indianapolis-based freight trucking company Celadon Group has agreed to pay its investors $42.2 million after filing false financial statements and lying to...
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4.4KB2B PaymentsClickBank Teams Up With Fully Accountable On eCommerce Accounting Services
Global digital marketplace ClickBank has announced a partnership with Fully Accountable to offer a full suite of specialized accounting services for small and...
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5.7KStartupsBookkeeping Startup Pilot Lands $40M From Stripe, Index Ventures
Bookkeeping startup Pilot announced it has closed on a $40 million Series B round led by Index Ventures with participation from Stripe. The...
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4.0KB2B PaymentsPilot’s Human/Tech Combo Takes On SMB Back-Office Frictions
Multinational conglomerates, mom-and-pops, sole traders — businesses of all sizes across all industries must manage the books. More often than not, accounting...
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8.3KB2B PaymentsWhy Small Business Owners Should Always Have An Exit Strategy
Hundreds of thousands of new small businesses (SMBs) open their doors every year in the U.S., be them physical or digital. The latest...
