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There are three new features — Intelligent Collections, Intelligent Vendor Management and Intelligent Planning — which are intended to remove time-wasting steps and friction and improve cashflow for corporatefinance teams, the release stated.
Anticipating Financial Challenges: Strategic Measures for CorporateFinance As a CFO in South Africa or elsewhere in Africa, you’re no stranger to the financial hurdles that come your way. Strategic Measure: CFOs should focus on strong cashflowforecasting and planning for different scenarios.
They need efficient tools to manage cashflows, both cash in and cash out, and to predict the impact of something specific to their treasury needs.” “Treasurers need to optimize as much as possible and be more agile,” Carrere says. It’s becoming a sweet spot for banks to supply this,” suggests van Zanten.
The year 2024 brings a landscape of unprecedented challenges and opportunities for corporate treasurers. From the ongoing global conflicts to the lingering effects of high inflation, corporatefinance professionals are gearing up to navigate an environment marked by volatility and uncertainty.
He remains “bullish,” he said, on the technology’s ability to streamline vendor payments, as well as to make a bigger impact on the broader corporatefinance ecosystem. That same information is key to alternative and traditional lenders, which need this data to underwrite their financing.
The enterprise resource planning ( ERP ) system has been a staple of corporatefinance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. But the ERP of today doesn’t look like it used to.
As a provider of back-office financial technology, it's vital to speak with chief finance officer (CFO) and finance executive end-users about what they need and which friction points are giving them the most pain. 1, they want to accelerate the transformation of how work gets done," Gupta told PYMNTS in an interview.
Corporate treasury technology company HighRadius is rolling out a new cashflowforecasting solution developed using artificial intelligence (AI) technology. HighRadius said that legacy strategy is “crippling corporate treasurers from making confident short-term and long-term debt and investment decisions.”
FutureCFO: What’d be the challenges facing the finance function and the CFO post-pandemic? Visibility of cashflow, forecasting, fraud, risk management (FX, third party) and real time are the most requested. However, switching to SaaS does not solve all the problems.
Using Excels spreadsheets to analyze daily global cash positions is the largest time-waster, analysts found, noting that this process alone wastes 1,296 hours a year. Treasury-related accounting tasks, payment fund transfers and cashflowforecasting are also top time-wasters for treasurers relying on spreadsheets.
The company provides automation in treasury and cashflowforecasting that can integrate into existing ERP (enterprise resource planning) systems. Since its launch, the firm added working capital analytics and other tools for its corporatefinance clients. Catfoss Finance. Alternative Lending.
. “This could, first of all, solve problems on the treasury side by reducing the number of disputes, to make cash application and reconciliation a lot more efficient, and to improve cashflowforecasting and cash conversion,” he explained. ”
FP&A teams are responsible for a variety of activities, including periodic financial close and consolidations, strategic and annual planning, monthly forecasting, cashflowforecasting, financial reporting, financial modeling, and what-if scenario planning and analysis. Why do you need FP&A?
Linked to cash visibility and cashflowforecasting, it gives an accurate starting point but also allows for a dynamic forecast and recommendation on a “best fit” product—from a savings account to fixed income products and even FX swaps, all using the bank’s pricing.
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