CFOS

New Survey Finds Small Business Owners Lack Resources for Handling Tax Credits

Retrieved on: 
Friday, December 2, 2022

Omega Accounting Solutions today released the results of a new survey finding that 63% of business leaders and decision makers feel their business lacks resources or needs help handling tax credits.

Key Points: 
  • Omega Accounting Solutions today released the results of a new survey finding that 63% of business leaders and decision makers feel their business lacks resources or needs help handling tax credits.
  • The nationwide survey, by Atomik Research, was conducted from August 11 to 18, 2022 on behalf of Omega Accounting Solutions.
  • 81% of business leaders and decision-makers indicated that business is suffering because they lack knowledge of or adequate counsel on accounting procedures, financial planning and related business tasks.
  • Omega analysts believe these survey results indicate that small businesses are often underserved when it comes to tax credits.

ICR Hosts The ONE Group’s Manny Hilario on the Welcome to the Arena Podcast

Retrieved on: 
Thursday, December 1, 2022

ICR , a leading strategic communications and advisory firm, is pleased to announce that Emanuel Manny Hilario, President and CEO of The ONE Group Hospitality, Inc. (Nasdaq: STKS), recently appeared on Episode 52 of ICRs Welcome to the Arena podcast.

Key Points: 
  • ICR , a leading strategic communications and advisory firm, is pleased to announce that Emanuel Manny Hilario, President and CEO of The ONE Group Hospitality, Inc. (Nasdaq: STKS), recently appeared on Episode 52 of ICRs Welcome to the Arena podcast.
  • Welcome to the Arena is hosted by Tom Ryan, Co-Founder & CEO of ICR.
  • Tom spoke with Manny about The ONE Groups bold approach to hospitality, unique Vibe Dining concept, their company philosophy on capital allocation, unique growth strategy, and more.
  • The Welcome to the Arena podcast has featured discussions with CEOs, CFOs, financial analysts, members of the media, investment bankers, private equity executives and others who influence and create value for public and private-equity backed companies.

WNS Recognized as a ‘Leader’ in Finance & Accounting by ISG

Retrieved on: 
Thursday, December 1, 2022

WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) solutions, today announced that it has been recognized as a Leader across all four Finance & Accounting (F&A) outsourcing categories Procure- to-Pay (P2P) , Record-to-Report (R2R) , Order-to-Cash (O2C) and Financial Planning & Analysis (FP&A) in the 2022 ISG Provider Lens Finance & Accounting Services Quadrant Report .

Key Points: 
  • WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) solutions, today announced that it has been recognized as a Leader across all four Finance & Accounting (F&A) outsourcing categories Procure- to-Pay (P2P) , Record-to-Report (R2R) , Order-to-Cash (O2C) and Financial Planning & Analysis (FP&A) in the 2022 ISG Provider Lens Finance & Accounting Services Quadrant Report .
  • In the area of O2C, ISG highlights WNS unique Quote-to-Sustain (QtS) offering which, powered by hyperautomation, seamlessly integrates upstream and downstream processes.
  • In addition, the ISG report cites WNS industry-specific O2C solutions such as revenue accounting and revenue recovery for airlines, claims processing for insurance, and order management for manufacturing/retail as key differentiators.
  • It is an honor to be recognized as a leader across multiple categories in F&A by ISG.

Most U.S. Business Executives Say Economy is Already in Recession or Will Be Before 2023, AICPA & CIMA Survey Finds

Retrieved on: 
Thursday, December 1, 2022

Some 51% of business executives say the U.S. economy is either already in recession or will be by the new year, according to the fourth-quarter AICPA & CIMA Economic Outlook Survey .

Key Points: 
  • Some 51% of business executives say the U.S. economy is either already in recession or will be by the new year, according to the fourth-quarter AICPA & CIMA Economic Outlook Survey .
  • Only 12% of business executives expressed optimism in the U.S. economy over the next 12 months, the lowest level since the throes of the Great Recession in early 2009.
  • One-in-four survey takers say their organizations have increased their rounds of forecasting compared to what they were doing during the pandemic economy.
  • U.S. business executives outlook on the global economy over the next 12 months also fell, from nine percent last quarter to seven percent.

Former Senior L'Oreal Exec Joins Patrick Ta Beauty

Retrieved on: 
Wednesday, November 30, 2022

In 2019, renowned makeup artist Patrick Ta, established product specialist Rima Minasyan, and seasoned entrepreneur Avo Minasyan, brought to life Patrick Ta Beauty.

Key Points: 
  • In 2019, renowned makeup artist Patrick Ta, established product specialist Rima Minasyan, and seasoned entrepreneur Avo Minasyan, brought to life Patrick Ta Beauty.
  • Parikh brings 20+ years of consumer goods finance and operations experience and over a decade in the beauty industry to this exciting time at Patrick Ta Beauty.
  • Avo added "I'm excited to be partnering with Paul to help bring the operations of Patrick Ta Beauty to the next level."
  • Patrick Ta Beauty is currently sold at Sephora North America and Sephora at Kohl's and has a strong consumer base on Patrickta.com in the US.

Teampay Brings Total Funding to $65 Million with Latest Round Led by Fin Venture Capital

Retrieved on: 
Wednesday, November 30, 2022

Teampay , the all-in-one-purchasing platform, today announced it raised $47 million in Series B funding led by existing investor Fin Venture Capital.

Key Points: 
  • Teampay , the all-in-one-purchasing platform, today announced it raised $47 million in Series B funding led by existing investor Fin Venture Capital.
  • New investors Mastercard, Proof Ventures, Trestle, and Espresso Capital supported the oversubscribed round, bringing Teampays total funding to $65M.
  • As part of this latest round of funding, Teampay will expand its partnership with Mastercard to accelerate its go-to-market strategy.
  • With this deeper collaboration, Mastercard and Teampay will mutually explore opportunities to enhance product capabilities at scale.

Optimism about the Canadian economy continues to slide: CPA Canada Business Monitor (Q3 2022)

Retrieved on: 
Wednesday, November 30, 2022

"Canadian business leaders expressed decreased optimism in their business outlook, with hiring plans being negatively impacted," says David-Alexandre Brassard, CPA Canada's chief economist.

Key Points: 
  • "Canadian business leaders expressed decreased optimism in their business outlook, with hiring plans being negatively impacted," says David-Alexandre Brassard, CPA Canada's chief economist.
  • The CPA Canada Business Monitor is issued quarterly, based on a survey commissioned by CPA Canada and conducted by NielsenIQ.
  • Chartered Professional Accountants of Canada (CPA Canada) works collaboratively with the provincial, territorial and Bermudian CPA bodies, as it represents the Canadian accounting profession, both nationally and internationally.
  • Representing more than 220,000 members, CPA Canada is one of the largest national accounting bodies worldwide.

Kyriba and J.P. Morgan Payments Launch New Real-Time Treasury Solution

Retrieved on: 
Tuesday, November 29, 2022

We are excited to deliver real-time payments and bank reporting through a deep integration with J.P. Morgan Payments," said Bob Stark, Global Head of Market Strategy at Kyriba.

Key Points: 
  • We are excited to deliver real-time payments and bank reporting through a deep integration with J.P. Morgan Payments," said Bob Stark, Global Head of Market Strategy at Kyriba.
  • Hunt Companies increased the volume of real-time payments by 375% month-over-month by using the Kyriba and J.P. Morgan payments solution.
  • I am pleased to take payments to the next level with Hunt Companies, Kyriba and J.P. Morgan Payments.
  • Hunt Companies early adoption of Kyriba and J.P. Morgan Payments solution marks a critical moment for innovation in payments as the daily RTP payment limit reached $1 million, said Felix Grevy, Head of Connectivity and Open API at Kyriba.

Zylo Secures $31.5M Series C to Help Companies Reduce SaaS Costs and Operationalize Renewals

Retrieved on: 
Tuesday, November 29, 2022

INDIANAPOLIS, Nov. 29, 2022 /PRNewswire/ -- Zylo, the enterprise leader in SaaS Management, today announced $31.5 million in Series C funding led by Baird Capital's Venture Team. Organizations worldwide rely on Zylo to find, manage, and reduce SaaS application spend, sprawl, and risk – challenges brought to the forefront given the current economic climate.

Key Points: 
  • Organizations worldwide rely on Zylo to find, manage, and reduce SaaS application spend, sprawl, and risk challenges brought to the forefront given the current economic climate.
  • On average, companies use more than 300 SaaS applications and overspend on licenses by 15% each year, according to Zylo research .
  • CIOs and CFOs increasingly look to Zylo's SaaS Management solutions to achieve visibility across their entire organizations' SaaS commitments and stop SaaS sprawl.
  • Zylo customer Coupa has experienced firsthand the value that Zylo can offer to companies managing hundreds of SaaS applications.

Bottomline survey finds CFOs have positive views of cash and liquidity

Retrieved on: 
Tuesday, November 29, 2022

The results are available in the report Data, Vision and Technology: CFOs Find A Recipe For Success .

Key Points: 
  • The results are available in the report Data, Vision and Technology: CFOs Find A Recipe For Success .
  • The survey results are notable for four themes among the CFOs surveyed:
    View across cash is critical: Nine out of ten CFOs (90%) rate their companies current view across cash as either excellent or good.
  • Four out of five CFOs say dynamic functions across cash are highly integrated within their businesses.
  • Mind the gap: CFOs are also aware of the gaps they must fix to become fully transparent, connected business ecosystems.