Market trends and business perspectives
There are several users of the financial statements prepared by a company.
Some of these users include the existing shareholders, potential shareholders, competitors, customers, management, employees, the government, lenders, and the general public.
All these stakeholders can be interested in a company’s financial statements to help them make wise decisions when dealing with the said company. [Read more…] about 4 Ways to Improve the Efficiency of Your Auditing Process
Research shows growing confidence among consumers and business leaders that robots handle finance tasks better than people
2020 has changed our relationship with money and people now trust robots more than themselves to manage their finances, according to a new study by Oracle and personal finance expert Farnoosh Torabi.
The study of more than 9,000 consumers and business leaders in 14 countries found that the COVID-19 pandemic has increased financial anxiety, sadness, and fear among people around the world and has changed who and what we trust to manage our finances.
In addition, people are rethinking the role and focus of corporate finance teams and personal financial advisors, according to the research. [Read more…] about People trust robots more than themselves with money, according to global study
Electric vehicles have been with us for a long time.
It’s only recently that they’re being touted as a serious replacement for the internal combustion engine and a (partial) answer to our climate crisis.
The UK government says that it’ll ban the sale of petrol and diesel vehicles by 2030 – and you can reasonably expect any Labour government to be at least as ambitious, given their slightly greener voter-base.
By then, electric cars will need to be fairly ubiquitous. So what’s stopping this from happening right now? [Read more…] about What Barriers Still Impede Electric Vehicles?
Computer-aided design specialist PTC has signed a definitive agreement to acquire Arena Solutions, a software as a service (SaaS) product lifecycle management (PLM) platform provider.
The acquisition will further PTC’s strategy to be the leader in the rapidly-growing market for SaaS-based product development software, enabling the company to deliver a complete CAD + PLM SaaS solution.
Under the terms of the agreement, PTC will acquire Arena Solutions for $715 million in cash. Subject to customary closing conditions and completion of regulatory review, the acquisition is expected to be completed in PTC’s fiscal Q2 2021. [Read more…] about PTC to acquire product lifecycle management provider Arena Solutions
Customer-related risk assessment is highly important to any organization. That’s why companies process information from each prospective customer to maintain the needed level of organizational supervision.
Proper customer due diligence (CDD) is what institutionalizes this process. Proper CDD utilizing makes companies aware of the smallest risk and helps identify the highest risks, including fraud.
CDD is a legal requirement for businesses in the US and many other countries with EDD (Enhanced Due Diligence) required for dealing with clients from the KYC high-risk category. [Read more…] about Customer Due Diligence: Why and How?
China is expanding the testing of digital yuan currency to prepare for any further restrictions on its companies by the US.
So far, US President Donald Trump has effectively banned Huawei in the US and from doing business with US suppliers globally.
Huawei is the leading Chinese telecommunications equipment provider, supplying 5G systems to many countries abroad, and it offers a successful line of smartphones. [Read more…] about China expands testing of digital currency in case US bans yuan
AutoStore, the Norwegian robot technology company, reported revenues of $195 million in 2019, up 36 percent from 2018.
The company generated earnings of $108 million following the “continued strong demand for automated warehouse solutions”.
AutoStore adds that the outlook remains strong, despite short-term Covid-19 impact. [Read more…] about AutoStore reports record revenue growth for 2019
As a consumer, the most beneficial aspect of modern banking is the ability to have your money by your side at all times.
This easy access to your money will save you from having to make your way to the bank every time one of your accounts runs low and you need to transfer.
As a banker, there is a growing demand for banks and financial institutions to implement this digital method of banking. Consumers want their money whenever and wherever they can get to it. [Read more…] about The Future of Finances – A Digital Banker
By Deblieck Tommy, Managing Director / Partner, Zora Robotics
It is absolutely stunning to see how being disruptive makes you barely bankable.
When you become an entrepreneur, you’re first convinced that difference is an asset, that heading for a direction that no one follows is one of the keys. You with me? [Read more…] about Opinion: Disruption should bring passion into minds of investors
Universal Robots, the largest collaborative robot manufacturer in the world, has launched a new cobot leasing program in partnership with DLL, a global vendor finance company.
The new agreement enables all manufacturers, regardless of size or capital equipment budgets, to reap the benefits of automation without worrying about cash flow and seasonal fluctuations.
Klaus Vestergaard, CFO at Universal Robots, says: “We’re leveling the playing field by enabling all manufacturers to immediately put cobots to work without an upfront capital investment. [Read more…] about Universal Robots partners with DLL to launch financial services leasing program
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