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The rise in digital transformation (DX) initiatives and the adoption of mobile technologies have also contributed to the demand for cloud-based financial applications in Asia/Pacific. Companies are increasingly seeking secure and compliant solutions to manage their financialdata.
Lack of Security Features Excel may be an easier target for hackers due to inadequate encryption features for protecting your sensitive business information, such as identifiable details and confidential financialdata. Even with password protection, your critical information is still vulnerable.
There is no shortage of FinTech firms that have emerged since the 2008 financial crisis aiming to facilitate access to small business capital, many of which target supplier and invoice financing specifically. As the industry grows, access to small business financialdata is a critical component of risk mitigation and underwriting practices.
Excel may be an easier target for hackers due to inadequate encryption features for protecting your sensitive business information, such as identifiable details and confidential financialdata. There are several other issues your business may face depending on how you use Excel and what financial information you store in it.
Your employee satisfaction and retention will suffer, and your business leaders just won’t have the financial insights they need to make better decisions at the speed they now expect,” said Planful CEO Grant Halloran at the Planful Perform event for finance and accounting professionals. 1 – Move your data to the cloud.
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