Perficient

OCTOBER 15, 2024

Lets talk about data governance in banking and financial services, one area I have loved working in and in various areas of it … where data isn’t just data, numbers aren’t just numbers … They’re sacred artifacts that need to be protected, documented, and, of course, regulated within an inch of their lives.

Tools 221

Tools Data Compliance Regulation 221

Abrigo

FEBRUARY 25, 2025

Each step of back-end loan processingfinancial spreading, risk assessment, document gatheringrequires significant effort just to make incremental progress. Financial analysis Manual data entry related to financial statements and tax forms is like filling a jar with tweezerspainstakingly slow. The results?

Lending 195

Lending FDIC Policies Analysis 195

PYMNTS

JANUARY 22, 2019

Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement. The financial services sector is promoting innovation in the area of healthcare financial management.

Management 184

Management Tools Taxes System 184

Abrigo

JANUARY 21, 2025

How would your institution manage this additional workload while maintaining compliance with daily deadlines? With a Suspicious Activity Monitoring Services package, Abrigo assigns experienced financial crime professionals as project managers for the institution.

Fraud 221

Fraud Training Analysis Compliance 221

PYMNTS

JANUARY 27, 2020

The latest Workforce Spend Playbook examines how an increasingly younger workforce is changing employees’ and employers’ approaches to payment and expense spending, as well as the ways manual spending tools could hurt both during tax season and in spend reporting. Why Deft Spend Management Is Crucial To Successful Event Planning.

Management 160

Management Taxes Tools Metro 160

Abrigo

OCTOBER 28, 2015

Likewise, accountants each year experience a tax season that requires detailed planning and precise execution. One way to organize those efforts as tax season approaches is to think of your planning in terms of three general areas: capacity, communication and conclusion.

Taxes 150

Taxes Meeting Software Examples 150

Abrigo

FEBRUARY 18, 2016

In this webinar, Sageworks is teaming up with Linda Keith CPA again to bring you more great information about tax return analysis. Linda has been a guest speaker on several Sageworks webinars that covered topics like Global Cash Flow , Red Flags for Tax Return Analysis and Making Judgement Calls for Tax Return Analysis.

Guidelines 150

Guidelines Analysis Taxes Training 150

PYMNTS

JANUARY 29, 2020

businesses are likely already feeling tax season’s pressures. Filing is exhausting and complicated for individuals, and businesses experience those tax difficulties to a far greater degree. SMBs And Manual Tax Frustrations. Spring may seem far away, but U.S.

Taxes 141

Taxes Fraud Tools System 141

Abrigo

FEBRUARY 7, 2023

You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH Takeaway 1 The OCC recommends that construction lending risk be managed by specialized real estate and construction lenders who report to the credit department. Takeaway 2 Construction lending risk is unique.

Lending 195

Lending Management Risk Management Software 195

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Preventing crime also includes thwarting tax fraud, and companies must obtain certain details to fulfill their tax reporting responsibilities.

Data 166

Data Management Taxes Meeting 166

Abrigo

FEBRUARY 20, 2025

AI can extract information from tax returns and pull credit checks to speed up underwriting, which is good. It then offers to initiate an online application, outlining the required documents and information. Organizational culture and change management Implementing AI is a cultural transformation.

Strategy 195

Strategy Compliance Data Tools 195

Abrigo

DECEMBER 10, 2024

The statement provided examples of risk management and other practices that may be effective in combatting this often-underreported crime. It can take many forms, such as misusing or stealing money, coercing an older individual into signing documents, or improperly using conservatorship, guardianship, or power of attorney.

Fraud 195

Fraud Training Software social media 195

PYMNTS

JANUARY 16, 2019

The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region. IoT Gains Traction With Blockchain.

blockchain 206

blockchain Taxes Security Survey 206

Perficient

AUGUST 19, 2020

During the last two months approximately, one new solution, Cloud Administration Tools “CAT”, and three updates: Account Reconciliations “RCM”, Task Manager “UTM” and Tax Provision “TXP” have been released. With the process executed, the task which is a task type of Data Management can be monitored from Task Activity.

Management 322

Management Tools Taxes Data 322

Abrigo

MAY 1, 2020

Manage PPP loans through forgiveness. Guidance for other employers in general on documentation for forgiveness isn’t spelled out specifically. However, the American Institute of CPAs recently published recommendations for PPP loan forgiveness documentation aimed at driving consistency among lenders and reducing borrower confusion.

Taxes 195

Taxes Lending Payments Report 195

Abrigo

NOVEMBER 17, 2023

Financial institution staff and management eager to grow the loan portfolio are themselves familiar with the aggravations, bottlenecks, and inefficiencies associated with loan approval processes. Download this infographic to see how construction loan management compares using a spreadsheet-based systems and a software solution.

Lending 221

Lending System Software Taxes 221

PYMNTS

MAY 13, 2020

The IRS is seeking to have contractors assist in auditing digital currency tax returns, according to a post on CryptoTrader.Tax ‘s website. CryptoTrader.Tax is a tax software platform and is used by bitcoin as well as digital currency investors to manage their reporting.

Taxes 130

Taxes Bitcoin cryptocurrency Meeting 130

PYMNTS

SEPTEMBER 17, 2020

Physical documents introduce a trove of friction points for the enterprise. Whether that's a lack of security if a piece of paper falls into the wrong hands, or simply the pain of having to manually store a document or capture its data, paper is far from the most efficient way to do business. A (Digital) Document Deluge.

Compliance 157

Compliance Taxes Industry Data 157

Abrigo

JANUARY 7, 2021

Borrowers of less than $150,000 don’t have to provide documentation of this when they apply, but they must either provide it during the application, during the forgiveness application, or on SBA’s request. Relevant tax forms, quarterly financial statements, or bank statements are acceptable documentation. March 31 deadline.

Taxes 195

Taxes Lending Connecticut Capital 195

PYMNTS

DECEMBER 4, 2020

Customers of digital business banking platform Penta will now have the option to manage accounting and receipts digitally as the company partners with Germany-based DATEV Marketplace , a company news release stated.

Taxes 164

Taxes Digital Banking Management Company 164

Abrigo

FEBRUARY 6, 2025

CRBs frequently face difficulties securing loans or even maintaining a bank account, leaving them to manage their cash businesses outside of traditional financial institutions. Lending to CRBs supports local economies by fueling job creation, boosting tax revenue, and promoting community growth. These details matter.

Lending 195

Lending Compliance Community Software 195

Abrigo

MAY 10, 2021

Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing. A loan origination system (LOS) should perform several basic functions to automate and manage the end-to-end steps in the commercial loan process. LOS process management features.

System 195

System Lending Analysis Software 195

PYMNTS

AUGUST 5, 2019

International Business Machines Corp (IBM) and blockchain consultancy Chainyard have announced a new blockchain network for supply chain management designed to improve supplier validation, onboarding and life cycle information management, IBM said in a press release on Aug. 5 (Monday).

blockchain 122

blockchain Management Tools Taxes 122

Abrigo

AUGUST 26, 2024

Takeaway 2 Starting CECL model risk assessments at a high level ensures the focus is on data inputs, assumptions, documentation, and estimates. Takeaway 3 Consider risks tied to methodology, the use of third parties, management bias, and estimation uncertainty during a CECL model risk assessment.

Compliance 195

Compliance Management Regulation Data 195

South State Correspondent

MARCH 21, 2023

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects. In 2020, the U.S.

Taxes 195

Taxes Community Bank Community Operations 195

Abrigo

OCTOBER 11, 2016

They would not yet have tax returns for the business, and they would likely still be showing poor cash flows. Additionally, document collection can be one of the biggest obstacles to booking a loan. For example, consider a small business owner in their first year of business.

Analysis 150

Analysis Lending Taxes Software 150

BankBazaar

JULY 9, 2024

Amidst tax filing season, understanding the necessity of filing a NIL income tax return can save you from potential hassles and bring financial benefits. As tax season approaches, many people may wonder about the necessity of filing an income tax return (ITR) when their income falls below the taxable threshold.

Taxes 78

Taxes Compliance Regulation System 78

South State Correspondent

JUNE 7, 2023

Bank ERC Background Bank ERCs is a refundable tax credit available to businesses, including financial institutions, affected by the global pandemic as granted under the CARES Act and modified by the Relief Act. For employers with 500 or fewer employees, all wages paid to employees can be qualified.

Taxes 195

Taxes Meeting Operations ATM 195

PYMNTS

JUNE 24, 2016

A new solution by business service provider TMF Group is looking to help corporations manage employee spend, regardless of location. The company launched TMF QuickDocs , a product aimed at facilitating document retrieval to access corporate records across geographical jurisdictions.

Management 101

Management Compliance Groups Taxes 101

Abrigo

JANUARY 17, 2023

A lot of us used a customer portal for PPP Lending due to the mere volumes of customer loan requests and documents flowing to/from the bank and the customer. The customer portal for requesting financials and tax returns. No more file/share renaming the documents to the appropriate customer, etc. This has several bonuses.

Lending 195

Lending System Customer Experience Case Study 195

Abrigo

JULY 27, 2016

All financial institution personnel play a role in the maintenance of positive asset quality through loan portfolio management, especially during periods of growth. But as the OCC instructs examiners in its Comptroller’s Handbook, loan portfolio management is the process by which these inherent risks are managed and controlled.

Handbook 150

Handbook Management Taxes System 150

Abrigo

DECEMBER 17, 2014

Demand for valuation services is growing, according to a recent AICPA survey , with increased opportunities expected in shareholder/partner disputes, contractual disputes, family law, and gift and estate taxes, among other areas. This improves consistency and quality control as you perform valuations in compliance with AICPA guidelines.

Analysis 207

Analysis Survey Compliance Guidelines 207

Abrigo

JUNE 14, 2016

Here are three ways that the lending department can proactively help manage credit quality. Request a consistent set of product-specific documents. Consistent documentation at the start of the application ensures comparability throughout the loan-approval process, which helps maintain asset quality.

Lending 150

Lending Examples Taxes Resources 150

Abrigo

JULY 19, 2017

One of the most common ways to import the data from a tax return into a digital system is to use Optical Character Recognition (OCR) software. However, for more complex data like a tax return that has both letters and numbers of varying lengths, OCR is not very accurate. This happens when a computer sees an image of a tax return.

Taxes 150

Taxes Software Data Lending 150

Perficient

JANUARY 18, 2023

Non-public or financial information: Company Strategic plans, contract information, tax records, employee salary. . Each type of data has different levels of difficulty to manage data : . i.e., Microsoft Office or Adobe PDF documents stored in a shared drive or computer folder. . Determine your type of data.

Regulation 275

Regulation Data Security Compliance 275

Abrigo

DECEMBER 3, 2015

Sageworks, a provider of credit risk and portfolio management solutions , regularly hosts complimentary webinars for banks and credit unions. While the FASB’s CECL model has garnered much of the industry’s attention as of late, several other topics within credit, stress testing and the ALLL were of interest to banks and credit unions in 2015.

Risk Management 150

Risk Management Taxes How To Management 150

Abrigo

DECEMBER 9, 2014

Note, the list isn’t exhaustive but is meant to highlight some important talking points: • Identify which source documents are required from the borrower and what time period they should cover (consider both recency and duration) • Specify what quality of borrower data (audited, compiled, tax returns, etc.)

Training 170

Training Policies Analysis Community Bank 170