Member Since: Jun 5th 2019
As founder and CEO of Reinfund, Pierre helps companies improve their cash flow profile, by collaborating with their clients on payment terms. Prior to that, Pierre acted as Project Leader in Corporate Development & Partnerships, for a global retailer. As former Investment Banker, he advised companies and investment funds in regard to their strategic equity transactions. Pierre is passionate about Corporate Finance, Fintech and scalable automation systems. Reinfund helps businesses receive payements from their clients faster, via incentive programs. Pierre holds a MSc degree from HEC Paris
Oct 24th 2019
Very interesting article.
I'm sure that all CPAs, advisors and consultants are able to relate to this article, as one day or the other, we've all had to cope with clients that would not know how to manage their accounting process or payroll. While it can be tedious and time-consuming, it also gives us a sense of purpose. You know that you are adding a lot of value in your clients' lives, in those moments :)
Requesting upfront payments from their customers can be a healthy solution, in some cases. But, in certain industries, merchants would have no other choice than offering payment terms. So, adopting digital solutions managing clients payment terms (myminicfo.com - that's my company by the way) or e-invoices would be much appropriate to those companies.
By the way, I got anxious when I read about those 50 year-old tablets ;)
Jun 7th 2019
This is a very good article!
According to author and Oxford lecturer Daniel Susskind, technology doesn’t simply streamline traditional approach, it actively displaces the work of accounting professionals. What's more, a McKinsey report highlights that 86% of all current tasks undertaken by auditors, accountants and bookkeepers has the potential to be automated!
So, the way accounting firms are adopting digital solutions and how they embrace the shift to advisory services is going to be increasingly critical to their success, in the years to come.
In addition, my conviction is that the surge of new payment methods in the B2B industry is going to play an important role in the way accounting professionals work.