ON AUGUST 22, 2022, the Central government announced a review of overseas investment framework to bring clarity on direct and portfolio investments abroad. It brought various transactions under automatic route to enhance ease of doing business. Overseas investments rules and regulations superseded the earlier framework governed by Foreign Exchange Management (Transfer Or Issue Of Any … Read more
Payments software provider Modern Treasury, revealed its new AI Reconciliation Suggestions tool, meant to enhance reconciliation, increasing the efficiency of its platform and speed of cash reconciliation for customers. With Reconciliation Suggestions, an AI algorithm makes suggestions in ambiguous cases when the core Modern Treasury reconciliation engine, which is entirely deterministic, can’t proceed because it … Read more
Expanded alliance brings complementary skillsets to strengthen client outcomes Oct 24, 2023 NEW YORK and ARMONK, N.Y., Oct. 24, 2023 /PRNewswire/ — Today, IBM (NYSE: IBM) and KPMG LLP announced they are expanding their alliance to help enable business transformations for clients implementing SAP S/4HANA® across the energy and utilities industry. Cloud enterprise resource planning … Read more