CFOs know not all prospects are what they claim to be. Potential clients will stretch the truth to get a line of credit that's bigger than what they're worth. The risks of fraud are surging: 44% of credit managers say…
Payments and Transactions
AI and machine learning technology is giving companies an edge like they've never enjoyed before. Businesses can pinpoint exactly which customers (and which kinds of customers) are more likely to buy their products -- and a whole lot more. Such…
Businesses that let new customers sign up via a click of the mouse may be forced to make cancellation of a subscription just as easy. The so-called click-to-cancel rule proposed by the Federal Trade Commission (FTC) is on track to…
The Financial Accounting Standards Board (FASB) is calling on publicly traded companies to report employee compensation. And that's not all. As we reported a few months back, FASB also wants public firms to report manufacturing and inventory expenses on their…
Ever wondered why Excel features a currency format as well as an accounting format? You're not alone. The reason is, creating Excel spreadsheets that contain currency like an income statement or a balance sheet can be difficult to organize. The…
Non-bank financial institutions are facing a double whammy, courtesy of the Consumer Financial Protection Bureau (CFPB). A new federal registry -- liable to be accessible on the Internet after its launch -- will list "corporate offenders that have broken consumer…
How did a diversity, equity and inclusion (DEI) program manager defraud Facebook and Nike of more than $5 million? With the help of crooked relatives and friends, as it turns out. Former DEI program manager Barbara Furlow-Smiles was sentenced to…
Let's be real: The enthusiasm behind real-time (or instant) payments stems almost entirely from the seller's side of B2B. After all, whether we're talking about a mom-and-pop vendor or a multinational corporation, who doesn't prefer getting paid sooner rather than…
The IRS is about to put all of the the funding, personnel and technology advantages it now enjoys to use. Count on an upswing in audits of wealthy companies as well as owners and investors who run afoul of tax…
The Internal Revenue Service has extended corporate, business and individual tax deadlines out to June 17 for San Diego, Detroit and dozens of counties throughout the U.S. Here's a rundown of areas that were declared disaster areas by the Federal…
Good news: The IRS updated its Form 1099-K FAQ fact sheet. The Service revised guidance for two dozen of the most common queries that it receives regularly. 1099-K compliance can be one of the more aggravating tax-reporting chores for businesses…
Whether they're triggered by criminal fraud, duplicate charges, a technical glitch or a dissatisfied customer, credit card chargebacks can become a nagging pain point for A/P and a disruptor to the efficiency and profitability of your business. In fact, Mastercard…
