The global economic landscape is increasingly complex and unpredictable. One thing remains certain, however: Having a savvy, steady chief financial officer helming the finance function can do wonders for business success. Understanding how a CFO’s responsibilities have expanded and what qualities are now essential in a CFO is crucial for enterprises looking to grow and
The state of logistics is representative of the state of commerce. As shippers and carriers alike deal with spotty spot demand, inflation, and geopolitical tensions across key supply chain points, observers believe it’s time for a reset, one driven by digital innovation. And with the announcement Monday (Aug. 19) of Freightos’ acquisition of Shipsta, a freight-tender
CredibleX and Fracxn partnered to provide small- to medium-sized businesses (SMBs) with access to a variety of financing solutions. With this collaboration, Fracxn’s instant financing solutions for SMBs will be added to the financial solutions offered by CredibleX, the companies said in a Monday (Aug. 5) press release. “Together, we simplify access to financing and
Wind the clock back just a few years, and online transactions were a disjointed experience. After filling a cart at a merchant’s site, upon checking out a user would be directed to another website to enter the same payment details. Cart abandonment inevitably followed. Enter embedded payments. As Jim Colassano, senior vice president, RTP, product
Docyt has added an “AI bookkeeper” called GARY to its digital back-office solutions for small and medium-sized businesses (SMBs). GARY is built on the Docyt AI software-as-a-service (SaaS) financial management platform that integrates expense management, revenue accounting, industry vertical reporting and financial reporting of key performance indicators (KPIs), the company said in a Tuesday (July
In response to higher interest rates, several major companies have reportedly made the decision to reduce the size of their supply-chain finance programs. This financing option, which allows companies to extend payment terms with vendors, gained popularity as it enables buyers to retain cash for longer periods while allowing companies to avoid debt on their balance
Bookkeeping platform Digits has acquired budgeting and forecasting startup Basis Finance. “With rising interest rates and a tightening fundraising environment, the importance of extending runway has become crystal clear to founders in 2024,” the company said in a news release Monday (June 17). “Through this acquisition Digits will accelerate its [financial planning and analysis] FP&A roadmap and extend its dashboard
Traydstream and 360tf partnered to digitize, innovate and expand global trade finance solutions. The collaboration aims to make trade finance “efficient and seamless” by bridging the global trade finance gap, reducing paper dependency and digitizing processes, the companies said in a Wednesday (June 12) press release. “360tf and Traydstream together aim to revolutionize the digitization
The Treasury Department is seeking comments from the public about the use of artificial intelligence (AI) in the financial services sector. The agency released a request for information on Thursday (June 6) and said it encourages the submission of comments within 60 days, according to a Thursday press release. The request for information encompasses “uses,
The Small Business Administration (SBA) reportedly plans to launch a working capital pilot program that will include government-backed credit lines of up to $5 million. The pilot program is designed to be attractive to both lenders and borrowers and to provide small businesses with working capital they need to pursue new contracts and expansion, SBA