Bellin is offering free licenses for its tm5 software to charitable and social institutions pursuing humanitarian or social objectives. The application enables nonprofit organisations to manage their assets and payments, helping them receive an overview of their current liquidity and a transparent overview of all cash flows in the organisation. Reports, which are frequently required as proof by supporting organisations and sponsors, can be easily generated in the system.
To be eligible for Bellin support, organisations need to be recognised as nonprofit organisations pursuing objectives such as improving child and youth welfare, providing relief to the poor, advancing education, environmental and nature preservation or other charitable causes. Sponsorship is available not only for German institutions but also for NGOs recognised as charitable organisations in their respective countries.
Cash-flow based metrics now feature prominently alongside traditional revenue measures of business performance in the key figures or financial summary pages of any public company.
With the end of 2017 fast approaching, many finance professionals might be counting down the days with some degree of dread. Year End is just around the corner and with it comes the many long hours accountants will spend going over balance sheets and profit and loss accounts, investigating account irregularities and chasing sign offs.
The EU and US’ shift in accounting standards may bring balance sheet losses and increase credit risk, according to James Elder, director of risk services at Standard & Poor’s (S&P) Global.
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.