PYMNTS

OCTOBER 19, 2020

Scams have taken on a new life amid the COVID-19 pandemic, according to Armistead, with scammers impersonating tax officials, personal protective equipment (PPE) sellers or bank personnel to trick victims into sending them money. The economic anxiety associated with the pandemic has made victims especially vulnerable.

Fraud 171

Fraud Analytics System Examples 171

Abrigo

MARCH 29, 2017

Since leaving public accounting, she has been an internal auditor, a tax preparer and a controller. Analytics can more effectively focus firm resources. Analytics can more effectively focus firm resources. What analytics cannot do is enhance professional skepticism for the auditor.

Analytics 150

Analytics How To eBook Fraud 150

PYMNTS

DECEMBER 1, 2017

But there is a clear common thread among the B2B startups that secured fresh funding this week: data analytics. Read below to explore the ways newly-funded firms are using the power of data analytics for their corporate customers. Blockchain.

Analytics 118

Analytics blockchain Data Big Data 118

PYMNTS

JULY 26, 2019

The Internal Revenue Service (IRS) is going to send letters to about 10,000 cryptocurrency holders warning them about the penalties they will face if they don’t report their income or pay taxes on the transactions, according to a report by The Wall Street Journal. Taxpayers should take these letters very seriously. at the World Bank.

Taxes 128

Taxes social media cryptocurrency Washington 128

FICO

MARCH 16, 2018

Social Network Analysis (SNA) tools hold the potential to help tax and revenue agencies identify non-compliance and tax fraud. These tools have been proven to be effective in fraud detection¹, but to date haven’t been utilized to any large degree at tax agencies. Opportunities for Tax Agencies. Improper registrations.

Analysis 45

Analysis Taxes Fraud Compliance 45

PYMNTS

FEBRUARY 8, 2018

If death and taxes are sureties, insurance payments rank up there, as people insure homes and autos and apartments against any number of calamitous scenarios. like paying over the phone using an IVR system that will securely capture credit card information. Thus, the appeal of other options offered by firms like One, Inc.

Taxes 101

Taxes Payments social media Policies 101

Perficient

JULY 27, 2020

If you’re noticing new customers requesting accounts within your business, or new users on your site, you should look at your commerce site analytics and see what these customer demographics look like. How are you handling sales tax in various states that you might serve through a B2C channel?

Analytics 332

Analytics Technology Strategy Taxes 332

PYMNTS

APRIL 15, 2019

“Goods and services are sourced and shipped from a large number of suppliers, leaving business customers with a tremendous volume of expenses to process, and often little information for each transaction.”. Now, Mastercard said, it is providing mid- and large-sized operations with an easier way to understand and manage expenses.

Data 177

Data Taxes Tools Analytics 177

PYMNTS

MARCH 4, 2020

At the same time, a surge in third-party financial platforms has disrupted the flow of data into the ERP, disbursing information throughout the back office. Similar challenges have emerged in the traditional ERP’s ability to meet modern financial planning, cash flow forecasting, and risk analytics needs, he added. Modernizing the ERP.

Data 260

Data Taxes Analytics Resources 260

PYMNTS

JANUARY 9, 2020

Many industry players are touting the ability to use analytics and automation technology to handle mundane, time-consuming tasks, freeing up resources for accountants to take on more advisory roles. After all, just because data is digital, that doesn’t mean it’s easily accessible or analyzed.

Data 173

Data Analytics Examples Technology 173

PYMNTS

OCTOBER 29, 2019

The platform also supports tax exemption for qualified purchases. Amazon Prime , meanwhile, connects business customers to free delivery for users on their business account, as well as a range of B2B services including analytics and procurement controls. Germany, U.K., France, Italy, Spain, Japan and India.

Analytics 101

Analytics Taxes Meeting Marketing 101

PYMNTS

FEBRUARY 20, 2020

If FinTech firms don’t agree, JPMorgan will bar them from accessing the information, reports said, as well as screen-scraping tools. FreshBooks Inks Tax Integration Deal. Data and analytics firm AccountScore will facilitate the data integration via its Open Banking solution. ”

Lending 217

Lending Taxes Fintech Data 217

PYMNTS

MARCH 26, 2019

In a press release on Monday (March 25), the firms said their integration means restaurant owners and managers will be able to access higher-level analytics about their businesses and workforce. Netchex and Delaget are introducing a new solution that combines data from the point of sale (POS) and other systems.

Data 122

Data Analytics Capital Tools 122

PYMNTS

NOVEMBER 4, 2020

As more B2B companies look to deliver B2C experiences through digital channels, they need access to accelerators such as our FastTrack Commerce that can address this customer-driven imperative, quickly and cost effectively,” said Paul Lynch , area vice president and managing director of LiveArea EMEA, according to the release.

Taxes 174

Taxes Customer Experience Analytics Management 174

PYMNTS

JANUARY 2, 2020

The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax. “Many of the routine jobs will go as areas such as invoice processing are automated.

Data 179

Data Training Technology Taxes 179

Abrigo

JANUARY 6, 2017

Advances in automation While artificial intelligence and data analytics may provide huge opportunities for audit, tax and client accounting services in the future, a prerequisite to widespread use will be the continued automation of data inputs, according to Asgeirsson. Register here.)

Trends 219

Trends blockchain Taxes Survey 219

Abrigo

SEPTEMBER 19, 2016

Identifying service opportunities is especially important for firms looking to transition from a focus on compliance services , such as tax and audit, to value-added advisory services that might generate higher margins. After all, accountants are commonly known as providing services such as tax preparation and audits.

Taxes 150

Taxes Compliance eBook Resources 150

PYMNTS

JANUARY 24, 2019

Data and analytics company Ascension has suffered a data leak that exposed more than 24 million loan and mortgage documents from some of the country’s biggest banks. This information would be a gold mine for cyber criminals who would have everything they need to steal identities, file false tax returns, get loans or credit cards.”.

Taxes 155

Taxes New York Security Data 155

Abrigo

SEPTEMBER 20, 2023

Data analytics : Machine learning can discern patterns often overlooked by human oversight. This abuse was frequent with the Paycheck Protection Program (PPP) set up during the Covid-19 pandemic. 1st-party debit or credit card fraud : Card fraud causes financial institutions significant monetary losses.

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

FEBRUARY 15, 2019

Any of these documents can be used to integrate key supply chain data for improved landed costs analysis and reporting analytics.” The CloudTrade platform automatically extracts the necessary data and integrates the information into an existing transportation management system, payment platform and other back-office portals.

Marketing 151

Marketing Taxes Data Analytics 151

Abrigo

SEPTEMBER 26, 2016

If so, it might be time to learn how you can elevate your role as a CPA from a finance or tax advisor to one of a business consultant. While CPAs and other accounting professionals are known for their analytics, consulting is more than telling a client what you can do for them through number-crunching services.

Meeting 150

Meeting Analytics Taxes How To 150

Abrigo

NOVEMBER 28, 2014

How many times have you had to refer a client out to another financial services firm because your firm is too busy putting out fires with tax and audit work to provide business analytics or other advisory services ? Leveraging technology is also important for your firm’s reputation.

Taxes 192

Taxes Survey Technology Comparison 192

PYMNTS

SEPTEMBER 20, 2017

ctrl is a cloud-based platform providing accounting, payroll and analytics solutions for Canadian SMBs. When businesses have up-to-date information in real-time, they’re at an advantage to make better business decisions.”. The company’s Deloitte Private unit announced the launch of ctrl on Tuesday (Sept.

Compliance 108

Compliance Taxes Analytics Management 108

PYMNTS

MAY 21, 2018

The latest evidence comes from SetSchedule , a real estate data analytics and marketing firm. The tool factors in ancillary data such as school districts, tax records, crime rates and other neighborhood characteristics. All of this information goes into the creation of the predictive analysis of home value.”. “All

Data 115

Data Tools Analytics Taxes 115

PYMNTS

APRIL 11, 2017

based digital data management company that operates in the data analytics, artificial intelligence and machine learning space linked to corporate finance and procurement. Reports said employee data including names, employee IDs, Social Security numbers and other information was compromised as a result.

Data 115

Data Taxes Analytics Management 115

PYMNTS

OCTOBER 7, 2020

This means individual transactions are unlikely to pop up on regulators’ or tax officials’ radar, thus keeping the operations under wraps. Data analytics is another critical tool that eCommerce payment providers can leverage in their anti-money laundering (AML) efforts. How Payment Providers Stop Money Laundering.

Payments 171

Payments Analytics Online Retail 171

PYMNTS

OCTOBER 10, 2019

Amazon Business has also strengthened its B2B offering through collaborations with third-party partners, too.

Tools 122

Tools Taxes Analytics Payments 122

Celent Banking

JULY 21, 2015

The crux of the presentation was the benefits of big data and cognitive analytics for financial markets. Add to structured data the volume, variety, and velocity (known as the 3 Vs) of unstructured data and the challenge of implementing and managing information becomes even greater. Cognitive analytics.

Big Data 100

Big Data Data Analytics Resources 100

PYMNTS

DECEMBER 8, 2020

Robinson said that the government is increasingly looking to the payments players and banks to help with analytics, third-party data and even craft data sets. “I But there are some best practices that government can learn, even if the evolution toward digital will be done in stages.

Payments 183

Payments Fraud Taxes Tools 183

Payments Source

JULY 28, 2017

Starting next month, Prime Minister Narendra Modi’s government will begin amassing a warehouse of virtual information collected not just from traditional sources like banks but also from social media sites, as it looks to match residents’ spending patterns with income declarations, said people familiar with the matter.

social media 60

social media Taxes Fraud Analytics 60

PYMNTS

AUGUST 2, 2019

Bad actors, she said, are perennially on the hunt for sensitive information such as Social Security numbers and birth dates — not to mention bank account numbers — that can, in combination, be leveraged to drain funds. Consider, for example, the DocuSign links that appear in email inboxes, requesting clicks on links that wreak havoc.

How To 198

How To US Fraud Security 198

Abrigo

DECEMBER 18, 2023

Deferred maintenance and missed tax payments are other red flags for financial institutions to monitor. Benchmark industry analytics help identify how borrowers are doing compared to the industry. Examiners “have got to be able to come to a conclusion…and they’ve got to be able to come to the same conclusion you did,” Kirby said. “If

Risk Management 222

Risk Management Management Lending Capital 222

PYMNTS

MARCH 15, 2017

Additionally, Baker provides dispensaries with real-time analytics capabilities for dispensaries’ POS systems, enabling cannabis merchants to access information like their popular products and customer shopping cycles. billion in state tax revenue from retail sales by 2020.

District of Columbia 101

District of Columbia Technology Guidelines Software 101

Abrigo

SEPTEMBER 10, 2021

BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. BSA teams began hiring for skill sets that included analytical and investigative thinking.

Training 195

Training Risk Management Pennsylvania Resources 195

PYMNTS

JUNE 2, 2016

The firm has said that SmartVM uses a variety of mechanisms through which to automate supplier information: robotic process automation, interfaces with a number of governmental agencies, including tax agencies, and vendor records that are tied to APEX Analytix’s several decades of work within supply chain management. ”

Data 100

Data Analytics Fraud Taxes 100

Abrigo

OCTOBER 13, 2016

For example, respondents in Xero’s recent survey mostly considered accountants as analytical, intelligent and having strong business skills. Hamilton believes businesses need accountants to go beyond traditional compliance-focused services and provide input that owners make better decisions based on their financial information.

Strategy 150

Strategy Survey Taxes Analytics 150

PYMNTS

MARCH 6, 2019

Yet the latest research from the University of Alberta suggests organizations continue to find ways to obscure key information about their companies within annual reports in an effort to mask bad news. ” Meanwhile, previous research from Audit Analytics has also revealed that the number of accounting errors among the U.S.’s

Report 139

Report Leadership Regulation California 139