A Citigroup subsidiary failed to detect fraudulent invoices and work estimates in a receivables factoring program for an oil industry provider.
Your company’s strategy isn’t static, so your capital allocations shouldn’t be either.
Despite a fall in revenue, the fast-food company still beat sales and earnings estimates and saw an increase in same-store sales globally.
As consumer and business debt levels climb, investors pour money into online lending firms.
Finance and tax departments have little choice but to build forecasting models that can accommodate a number of different variables.
In addition, they remain extremely conservative about how they "invest" excess cash.
The cash conversion cycle improved once again in 2017, largely because many companies took as long as possible to pay suppliers.
If your organization is proud of maintaining a very low rate of uncollectibles, you may want to take a harder look at the books.
The rise in the core personal consumption expenditures index last month is not expected to change the Fed's policy of gradual rate increases.
Invoicing can be an expensive process that involves intensive manual data entry, revisions, approvals, and bookkeeping.