Financial inclusion, since 2011, has been a cornerstone of business development. Traditional, siloed financial processes and systems are unready to serve the demand for real-time data and agility. The concept of connected finance shatters these silos, integrating financial data across …
The financial world is now witnessing a rapid shift led by the rise of “open finance” and “connected finance.” Open finance is an extension of the Open Banking concept, which translates to building financial solutions leveraging openly available APIs for …
Businesses across industries often find themselves bogged down by endless paperwork and tedious manual tasks, wishing there was a better way. Untallied balance sheets, endless waits for payments, or lost vendors slipping through the cracks, many such instances can be …
CFOs today direct their organization’s growth strategy rather than just focusing their efforts on managing financial and risk management.
They are expected to be strategic partners to the CEO in business planning, write down the financial roadmap, communicate a clear …
James Mcneill Stancill said, “You can’t pay bills with profits—only cash.” Well, it’s 2024, and his words still ring true. When you optimize cash flow management—aka the tracking of funds in and out of your business—it makes it easier to …
Contemporary business finance has evolved far from what we knew about the space. Modern-day financing proactively uses technology. Organizations use different payment tools, payroll solutions, ERP software, and data visualization platforms – all in hopes of streamlining financial processes. However, …
Institute of Finance & Management (IOFM) data reveals that only 5% of PO-to-invoice matches are 100% accurate on the first try. Besides being inefficient, manual accounts payable (AP) or accounts receivable (AR) processes have many hidden and direct costs …
