In The News

4 Best Ways to Use Advanced Analytics


Predictive and prescriptive analytics help companies use the increasing amounts of data to improve their business and financial performance. Predictive analytics use statistical analysis, data modelling, real-time scoring, and machine learning to detect trends for forecasting. Prescriptive analytics rank the trade-offs of different courses of action companies may take to reach certain objectives, for example through scenario modelling.

The New Skillsets CFOs Need to Acquire to Provide Strategic Leadership


Many CFOs are frustrated by how often their companies face significant new business threats, a study by the Financial Executives Research Foundation suggests. Of the 55 financial executives of Fortune 500 companies interviewed for the study, 24% said they don’t see significant changes and unknown threats to the business until it is too late.

Companies grapple with leasing standard complications


Organizations are finally starting to prepare for the new lease accounting standard that will be taking effect in 2019, but as they do they’re running into some unexpected complexities. Deloitte partners Jeanne McGovern and Derek Bradfield convened a panel last week at a Financial Executives International conference in Philadelphia to discuss the leasing standard.

Survey: Financial Leaders Understand Risk, But Few Feel Ready


Despite the importance of aligning risk with their core business strategy, only 25 percent of financial leaders feel they are able to execute a proper response to risk, and almost 60 percent feel they are too late in recognizing the key risks imperiling their businesses.

Skills that help CFOs handle disruption strategically


Many CFOs are frustrated by how often their companies face significant new business threats, a study by the Financial Executives Research Foundation suggests.

Google Sees Minor Change to Revenue as a Result of New Accounting Standard


Add Google Inc. to the list of companies that expects little change to their financial results from the FASB’s sweeping new rules for recorgnizing revenue. The internet company, which adopted the standard one year ahead of its 2018 effective date, recorded revenue for 2016 that was $15 million lower than it would have been if calculated under old revenue rules. For a company with $425 billion in revenue, the decrease felt like a “rounding error,” said Josh Paul, director of technical accounting for Google.

Regulator: Make Sure Judgments on Revenue Accounting Match up With Internal Controls


The FASB’s landmark revenue accounting standard erases U.S. GAAP’s industry-specific guidance for the sales proceeds from construction projects, software deals, and real estate ventures, among others. Without the detailed accounting requirements for individual industries, companies have to use more judgment when they calculate the top line of their income statements. This means businesses must have proper controls in place to ensure the veracity of these judgments, an SEC official said on June 27, 2017, at a Financial Executives International conference in Philadelphia.

As Pace of Standard-Setting Slows, Effort to Aid Implementation of Major Standards Picks up


After years of watching the FASB develop major new accounting standards, companies now have to start following them. First up is the sweeping revenue recognition standard, which goes into effect in 2018 for public companies. Lease accounting changes hit public company balance sheets in 2019, and new rules for estimating losses on bad loans follow the year after.

Executives Uneasy Over Lease Accounting IT Systems


U.S. companies—facing challenges on how they will account for some of their leasing contracts under new rules—are starting to worry about whether the computerized systems they’re putting in place will be ready for the complex tasks required.

North American, European cardless ATM cash access providers unite to pursue global goal


HalCash North America, introduced in the U.S. in 2015 under the brand name Pin4, has announced the acquisition of a majority equity ownership stake in HalCash International.

PIN4 acquires controlling stake in HalCash International


PIN4HalCash North America (HCNA), referred to in the U.S. as its operating brand Pin4™, announced the acquisition of a majority equity ownership stake in HalCash International (HCI).

PFC totem pole architecture and GaN combine for high power and efficiency


The Open Compute Project (OCP) was begun by Facebook, in an effort to reduce OPEX and CAPEX of hyperscale data centers, by openly sharing data center solutions and building blocks between interested companies. Google joined the OCP in 2016 and Bel Power Solutions has been providing OCP-compliant power solutions since OCP began.

PE-backed Pin4 aquires HCI


Pin4, which is backed by Ashby Point Capital, has acquired Madrid-based HalCash International, a developer and owner of mobile phone-based technology that enables cardless cash withdrawals at ATMs. No financial terms were disclosed.

FEI Says Tax Reform May Significantly Affect Financial Reporting


The Trump administration and GOP lawmakers are calling for a major overhaul to the U.S. tax code. If the final changes are as sweeping as the proposals lawmakers have put forth, the implications for the accounting for income taxes will be significant. The largest U.S. companies want the FASB to closely monitor the legislation as it works its way through Congress to soften the final effect on financial reporting.

U.S. Accounting Rulemakers Urged to Mull GOP Tax Reform Impacts


A prominent business group said that U.S. accounting rulemakers should start to informally engage with companies about the implications of potential U.S. tax law changes.

Bel Power introduces ac/dc power supply using Transphorm GaN FETs


The Transphorm 650-V GaN JEDEC-qualified semiconductor is part of the TET3000-12-069RA power supply from Bel Power Solutions. The supply uses the Transphorm GaN-based bridgeless totem-pole PFC topology to achieve greater than 96% efficiency. The power supply is on display during the Power Conversion and Intelligent Motion (PCIM) Europe conference as part of the co-located showcase in the HY-LINE Power Components booth.

Transphorm showcasing GaN FETs at PCIM Europe


At the 2017 Power Conversion and Intelligent Motion (PCIM) Europe expo in Nuremberg, Germany (16-18 May), Transphorm Inc of Goleta, near Santa Barbara, CA, USA – which designs and manufactures JEDEC-qualified 650V gallium nitride (GaN) field-effect transistors (FETs) for high-voltage power conversion applications…

Transphorm Bringing the GaN Revolution to Nuremberg


At the 2017 Power Conversion and Intelligent Motion (PCIM) Europe expo, Transphorm Inc. will demonstrate high voltage GaN’s momentum in the market. Various displays will exhibit the advantages of Transphorm’s high voltage GaN FETs when used in power electronics systems including power supplies, servo motors and photovoltaic inverters. Further, the company will showcase its recently announced AEC-Q101 qualified GaN FET—the industry’s first automotive-grade GaN technology.

Three Overlooked Questions That Can Affect a Financial Plan


It’s always a good time to sit down with clients to review their financial goals and plans. But the new Trump administration gives advisors an extra reason to touch base with clients who may be wondering how this change may impact public policy and the financial markets.

Advisors and Firms Must Now Adapt to Survive


Everyone is talking about the uncertainty around whether the Department of Labor’s proposed fiduciary rule will be delayed further due to the executive order from President Donald Trump, or if it will be implemented at all. What they are not talking about is how — in response to the fiduciary rule’s planned introduction and preparations for it — the business of financial advice has changed and what advisors need to focus on to grow their businesses.

Umesh Mishra: GaN and power to the people and planet


The wide bandgap semiconductor Gallium Nitride (GaN) has been out of the lab and into products in some markets for almost a decade. But this is a new and exciting time for GaN as it finds its way into rapidly expanding high-speed, high-power applications like data centers, motor drives, EVs, and more. A significant player in this “GaN Revolution” is global semiconductor company Transphorm, Inc.

Why Financial Advisors Need To Be Coaches


Financial advice is best delivered in the context of a long-term relationship between a financial advisor and a client. Keeping a client for the duration of that financial journey can be hard work. Advisors who approach each client relationship like a coach, with a focus on helping their clients achieve positive financial outcomes and maintain their financial discipline over the long-term, will be the ones who develop a successful partnership that will stand the test of time.

Transphorm launches first automotive qualified GaN FETs


Transphorm’s second generation, JEDEC-qualified high voltage gallium nitride (GaN) technology has passed the Automotive Electronics Council’s AEC-Q101 stress tests for automotive-grade discrete semiconductors. These are the first such GaN FETs, says the company.

Transphorm introduces Silicon Valley Center of Excellence


Transphorm Inc of Goleta, near Santa Barbara, CA, USA, which designs and manufactures what it claims are the industry’s only JEDEC-qualified 650V gallium nitride (GaN) field-effect transistors (FETs) for high-voltage power conversion applications, has formally introduced its Silicon Valley Center of Excellence.

Groups recommend ways to fight financial fraud


The Anti-Fraud Collaboration, a coalition of the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors, has released a new report on how organizations can deter fraud and improve financial reporting.

State Bankruptcies: Why Obamacare Will Never Be Repealed


The Trump administration, along with Congress, is hard at work on their quest to repeal and replace the 2010 Affordable Care Act (ACA). Last week their proposal passed through two House committees and is moving on to a budget panel before it hits the floor.

5 ways to build quality financial plans amid DOL fiduciary rule uncertainty


As advisers grapple with an uncertain regulatory environment, increased competition and fee compression, it’s imperative for them to focus on strengthening client relationships. One of the best ways to do this is by creating and implementing a culture of quality financial planning.

Hanson McClain “Money Matters”


Growth Opportunities Can Appear When Re-examining Financial Advice, Plans


The business of financial advice is changing. People want more transparency, there is fee compression, robo advisors are entering the business to provide formulaic advice and clients, as well as financial advisors, are nearing retirement age.

Establishing the reliability lifecycle of GaN power devices


Extensive reliability testing is an essential phase of any new product or technology. Transphorm utilizes standard JEDEC qualification testing prior to commercializing its GaN (gallium nitride) FETs to ensure that the quality of the devices will meet customer expectations for reliability. However, since the JEDEC tests were originally developed for silicon technology, Transphorm’s testing has gone beyond the minimum requirements of JEDEC testing by running tests on a much larger number of devices than the minimum required. In addition, aggressive accelerated life testing was also performed.

6 Ways to Protect Against the Biggest Threat in Retirement


It’s the job of a financial professional to help clients pay for their health care costs in retirement. But what if you could help them control these costs, too?

Top 15 Risk Factors for M&A


In an uncertain economic year, its not surprising the M&A market was equally as rocky. In March, mergers and acquisitions declined more than 55% in value from the prior year period only to bounce back in October with four of the year’s top 10 deals and $250 billion in announced transactions. As 2016 comes to a close short of last year’s record-setting levels, what risk factors are acquirers worried about most before closing their next deal?

Think DOL’s Fiduciary Rule Is Too Strict? Blame SEC


The investor watchdog talks to ThinkAdvisor about why SEC Chair White is a ‘bad SEC chair for investors’ and why the Social Security trust fund isn’t as important as many think

Ultimate Holiday Gift Guide for Clients


The holiday season provides advisers with a great opportunity to show clients how much their business is appreciated. Gifts can say something special: From books and documentaries to picnic blankets and pecans, we’ve assembled some great ideas from advisers.

Kevin Knull’s 6 Parts of a DOL-Friendly Financial Plan


Kevin Knull, president of PIEtech, creators of MoneyGuidePro, tells ThinkAdvisor what fiduciary advisors need to know about their clients.

Big Companies: Don’t Wait on New Revenue Rules


Bloomberg BNA’s Corporate Law & Accountability Report is available on the Corporate Law Resource Center. This news service keeps corporate practitioners informed of legal developments of…

Pin4 Targeting US Unbanked and Underbanked Market


Pin4 Partnership Rounds Out Viamericas’ Payout Network


International licensed remittance company Viamericas Corporation and Pin4®—the U.S.’s first independent cardless cash ATM network—today announced completion of their partnership initiative targeting the peer-to-peer (P2P) payments market. The initiative integrates Pin4’s cardless cash withdrawal technology with Viamericas’ recently launched digital money transfer platform, Vianex. This integration expands the Vianex payout network’s value proposition by adding more physical cash withdrawal locations while increasing access to underbanked and unbanked customers.

New book offers advice on how to navigate the post-DOL rule world


New government rules require that financial advisers put their clients’ interests first when recommending what to do with their retirement savings. But no one has defined what good advice actually means or how to accomplish it — until now.

Book Review: “Exploring Advice” Contains Insights from 39 Industry Thought Leaders


According to Kevin Knull, CFP®, the President of PIEtech, the developers of MoneyGuidePro financial planning software, the financial industry is undergoing a revolutionary shift driven by five key factors: The Department of Labor’s new regulations, asset management commoditization, fee compression, an increasingly competitive environment, and a more informed consumer. Given these trends, Knull felt there was need for a book to help improve the industry, so he crowdsourced a book that explores the aspects of a good financial plan and quality advice.

Exploring Advice: How to know if you’re delivering good advice and quality plans


Telcodium introduces first redundant power supplies using GaN FETS: Product of the Month


It’s finally happening: the first redundant power supplies using GaN FETs. They shrink the footprint by 30% and improve total system efficiency to 94%

Companies Lack Incentive to Cut Back Financial Disclosure


Regulatory efforts to reduce and improve information in corporate financial filings lack one important ingredient: incentives.

Pin4 Cardless Cash Payouts


Why Cash-Back Rewards Aren’t Just For Credit Card Companies Anymore


Loyalty programs are gaining steam as retailers of all sizes look to attract new customers and build relationships over the long term. From the simple coffee shop stamp and earning points toward free travel, to cashing in a rebate check toward a new smartphone and earning cash back, loyalty programs are being credited for everything from strengthening brand awareness to driving sales.

6 Ways to Protect Your Pocketbook From Sky-High Medical Bills


Dan McGrath, the co-founder of Jester Financial Technologies, a small health care data company in Beverly, Massachusetts, remembers being in the dentist office with his retired mother and realizing he’d made a grave mistake.