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Hold the phone: retailers eye payments via smartphone

Near Field Communication (NFC) will enable contactless mobile payments at the register An emerging technology called Near Field Communication will soon give new meaning to the phrase “tapped out.” Once NFC systems become widespread, which could happen as soon as next year, consumers will be able to pay for purchases at the checkout counter by […]

Sorting Out Sales

Changes to revenue recognition rules may be beneficial but will lead to accounting headaches that new software can relieve. Last September, regulators issued new revenue recognition rules that allow companies to book product and service sales separately—a boost for the balance sheet, but a big accounting hassle. Prior to the new rules, effective 1Q of […]

Manual AR Slows Cash Forecasting

Treasury departments where manual processes are still prevalent are struggling with getting timely information on accounts receivable, according to a recent report from Boston consultancy Aite Group. That slow stream of data on payments impedes a company’s ability to accurately forecast cash flows, which has become critical in uncertain economic times. For example, paper checks […]

SunGard Cloud Offering Set to Launch

New AvantGard Treasury XE aims to deliver treasury support for the middle market SunGard is set to launch on Sept. 22 a cloud-based, treasury-on-demand product for companies with up to $2 billion in revenue. The new AvantGard Treasury XE aims to deliver support for cash management, foreign exchange, in-house banking, money markets and other transactions […]

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