Accounting

MEDIA ALERT: Wolters Kluwer expert comments on European Parliament vote to pass amendment implementing Basel III reforms

Retrieved on: 
Friday, April 26, 2024
Software, Finance, Banking, Data Management, Accounting, Professional Services, Technology, Security, CP, FRR, European Parliament, Amendment, Wolters, Risk management, EHS, Capital Requirements Regulation 2013, ESG, CRD, GRC, Capital Requirements Directives, Risk

The European financial landscape saw a milestone event this week, as the EU Parliament passed the Amendment to Regulation (EU) No 575/2013, implementing the Basel III finalization within Europe.

Key Points: 
  • The European financial landscape saw a milestone event this week, as the EU Parliament passed the Amendment to Regulation (EU) No 575/2013, implementing the Basel III finalization within Europe.
  • “This is a major overhaul of the capital requirements framework, impacting various aspects, including credit risk, operational risk, market risk, and the capital floor.
  • Whereas other significant jurisdictions, including the U.S., the U.K. and Hong Kong, have deferred timelines, the EEA region is now moving ahead with the Basel III reforms without delay.
  • Wolters Kluwer FRR is part of Wolters Kluwer’s Corporate Performance & ESG (CP & ESG) division, headed by CEO Karen Abramson .

Ryan Appoints New Chief Data Officer Chitranjan Sharma

Retrieved on: 
Friday, April 26, 2024
Technology, Finance, Consulting, Fintech, Accounting, Professional Services, Software, Asset Management, Data Management, Credit Suisse, Engineering, Senior, CDO, Bangladesh Technical Education Board, AI, Management

Ryan , a leading global tax services and software provider, is pleased to announce that Chitranjan Sharma has been appointed as Chief Data Officer (CDO).

Key Points: 
  • Ryan , a leading global tax services and software provider, is pleased to announce that Chitranjan Sharma has been appointed as Chief Data Officer (CDO).
  • “Chitranjan brings the expertise and innovation to ensure our technology practices, strategy, and mindset are nothing short of exceptional,” said Ravi Shrivastava, Senior Vice President and Chief Technology and Data Officer at Ryan .
  • “We are delighted to welcome him to the team as Ryan continues to evolve.”
    In this role, Sharma will spearhead the development of a global data strategy, optimizing profitability and tax compliance.
  • Before joining Ryan, Sharma held several leadership roles, including Chief Technology Officer and Managing Director at ROC360 and Senior Data and Technology Executive at Credit Suisse.

PPG again earns EcoVadis gold rating for sustainability practices, ranks among top 7% of evaluated companies

Retrieved on: 
Friday, April 26, 2024
Specialty, Environment, Home Goods, Retail, Finance, Interior Design, Architecture, Accounting, Professional Services, Building Systems, Other Manufacturing, Textiles, Sustainability, Packaging, Residential Building & Real Estate, Engineering, Commercial Building & Real Estate, Chemicals, Plastics, Construction & Property, Automotive Manufacturing, Aerospace, Other Retail, Manufacturing, United Nations, GRI, ISO, Gold, ESG, Creativity, Social responsibility, Ethics, United Nations Global Compact

PPG (NYSE:PPG) today announced that it has again earned a gold rating in corporate social responsibility from EcoVadis, a leading third-party sustainability ratings platform.

Key Points: 
  • PPG (NYSE:PPG) today announced that it has again earned a gold rating in corporate social responsibility from EcoVadis, a leading third-party sustainability ratings platform.
  • According to the EcoVadis rating methodology, PPG earned “advanced” scores in the categories of environment, labor and human rights, and sustainable procurement practices.
  • Contributing to PPG’s rating, in 2023:
    EcoVadis experts evaluate companies based on 21 factors grouped into four categories: environment, labor and human rights, ethics, and sustainable procurement.
  • The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.

ISG to Evaluate Workday Ecosystem Providers

Retrieved on: 
Friday, April 26, 2024
Software, Networks, Accounting, Internet, Professional Services, Data Management, Apps, Applications, Technology, Security, Data Analytics, Human Resources, Consulting, Cloud, CX, Ecosystem, AI, HR, Machine learning, ERP, Research, URL, ISG, HCM, Sales

The study results will be published in two comprehensive ISG Provider Lens™ reports, called Workday Ecosystem, scheduled to be released in September.

Key Points: 
  • The study results will be published in two comprehensive ISG Provider Lens™ reports, called Workday Ecosystem, scheduled to be released in September.
  • Enterprise customers of Workday are looking to providers to advise on digital HCM transformation, implement Workday solutions, fine-tune systems and optimize performance – all geared toward enhancing overall user experience and reducing costs.
  • “Workday is recalibrating its partner ecosystem with an emphasis on system integration to enhance the value of its platform, while prioritizing industry-specific solutions,” said Aman Munglani, senior director, ISG Provider Lens Research.
  • ISG has distributed surveys to more than 55 Workday ecosystem providers.

Milliman analysis: Competitive pension risk transfer costs decreases from 102.1% to 100.3% in March

Retrieved on: 
Friday, April 26, 2024
Consulting, Personal Finance, Accounting, Professional Services, Labor, Asset Management, Data Analytics, Public Policy, Government, Insurance, Human Resources, Finance, PRT, Milliman, Index, News

Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

Key Points: 
  • Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).
  • As the pension risk transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.
  • During March, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process decreased from 102.1% of a plan’s accounting liabilities (accumulated benefit obligation, or ABO) to 100.3% of those liabilities.
  • The competitive bidding process is estimated to save plan sponsors about 2.3% of PRT costs as of March 31.

Paystand Acquires Teampay for Giant Leap Toward B2B Payment Revolution

Retrieved on: 
Thursday, April 25, 2024
Professional Services, Payments, Blockchain, Technology, Software, Fintech, Accounting, Decentralized finance, CFO, NetSuite, DSO, Economics, Stifel, Heart, AP, B2B, Microsoft, Acquisition, Sage, CFOS, Cryptocurrency

Paystand, the global leader in blockchain-enabled B2B payments, today announced the acquisition of Teampay, an industry-leading spend management software.

Key Points: 
  • Paystand, the global leader in blockchain-enabled B2B payments, today announced the acquisition of Teampay, an industry-leading spend management software.
  • The transaction creates a B2B payments powerhouse whose continued goal is to revolutionize payments by expanding the largest, fastest, and most cost-efficient B2B payments network.
  • The combined Paystand platform empowers CFOs to drive profitable behaviors among employees, vendors, and customers.
  • "This acquisition represents a pivotal moment not only for Paystand and Teampay but also for the entire B2B payments industry.

loanDepot’s Jennifer Edwards Named to HousingWire’s 2024 Class of Rising Stars

Retrieved on: 
Friday, April 26, 2024
Finance, Banking, Professional Services, Residential Building & Real Estate, Construction & Property, Volunteering, Organization, Language, American Youth Soccer Organization, Woman, Humanity, Mentorship, Vision 2025, Senior, Accounting, Feeding America, LDI, HELOC, Habitat for Humanity, Boy, American Heart Association, Management

“Jennifer is passionate about making a difference for loanDepot, our communities, and the industry,” said loanDepot Chief Financial Officer David Hayes.

Key Points: 
  • “Jennifer is passionate about making a difference for loanDepot, our communities, and the industry,” said loanDepot Chief Financial Officer David Hayes.
  • “Her contributions have helped streamline and optimize the Company’s financial systems as part of our Vision 2025 strategy.
  • “This is a well-deserved honor for Jennifer who is a true servant leader within loanDepot,” said loanDepot Chief Accounting Officer Darren Graeler.
  • The Rising Star award marks loanDepot’s second HousingWire accolade of 2024, having earned the Tech100 Mortgage award in February.

Lido Advisors' Greg Kushner, Alexandra Browne, and Michael Karsa Recognized Among Forbes' Top Wealth Advisors

Retrieved on: 
Thursday, April 25, 2024
Personal Finance, Legal, Finance, Consulting, Banking, Accounting, Professional Services, Small Business, Asset Management, Other Professional Services, Research, Senior, Lido

Lido Advisors, LLC (Lido), a leading wealth advisory firm for high-net-worth individuals with $19.0 billion RAUM, proudly announces that Greg Kushner, Senior Managing Director and Chairman, Alexandra Browne, Senior Managing Director and Chief Development Officer, and Michael Karsa, Senior Managing Director and President, Midwest, have been honored as Forbes 2024 Best-In-State Wealth Advisors.

Key Points: 
  • Lido Advisors, LLC (Lido), a leading wealth advisory firm for high-net-worth individuals with $19.0 billion RAUM, proudly announces that Greg Kushner, Senior Managing Director and Chairman, Alexandra Browne, Senior Managing Director and Chief Development Officer, and Michael Karsa, Senior Managing Director and President, Midwest, have been honored as Forbes 2024 Best-In-State Wealth Advisors.
  • Forbes’ sixth annual ranking of Best-In-State Wealth Advisors features 8,507 seasoned wealth managers, managing cumulative assets of over $13.5 trillion.
  • “Greg, Alexandra, and Michael embody the core principles of Lido Advisors, providing tailored wealth management services to their clients,” said Jason Ozur, CEO of Lido Advisors.
  • For more about Greg, Alexandra and Michael, their areas of expertise and passion for client services, please visit:

Tractor Supply Company Reports First Quarter 2024 Financial Results; Reiterates Fiscal 2024 Financial Outlook

Retrieved on: 
Thursday, April 25, 2024
Retail, Consumer, Agriculture, Specialty, Pets, Natural Resources, Tractor Supply Company, Investment, Depreciation, Accounting, Transport, Growth, Comparable, Edible, EPS, Multimedia, TSCO

Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States (the “Company”), today reported financial results for its first quarter ended March 30, 2024.

Key Points: 
  • Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States (the “Company”), today reported financial results for its first quarter ended March 30, 2024.
  • Net sales for the first quarter of 2024 increased 2.9% to a record $3.39 billion from $3.30 billion in the first quarter of 2023.
  • The Company opened 17 new Tractor Supply stores and four new Petsense by Tractor Supply stores in the first quarter of 2024.
  • Based on year-to-date performance and its outlook, Tractor Supply reiterates the following financial guidance for fiscal year 2024, initially provided on February 1, 2024: