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Survey Reveals: The Top SaaS Solutions Redefining Finance Departments in 2024

The Finance Weekly

The responses were enlightening, and we are excited to share our findings, highlighting the aspects that matter for finance departments and how the IT mindset has shifted around software implementations over the past three years. This often involves replacing outdated ERP systems or implementing new cash management solutions.

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Cashflow visibility: Finance execs, C-suites report low confidence

Future CFO

When it comes to cashflow visibility, under 4% of the 1,483 business leaders and finance and accounting executives from different countries report complete confidence, said Blackline recently. According to survey results, C-suite and finance and accounting respondents see that the three biggest challenges facing them in the coming year are:

Finance 96
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The Bank-FinTech Tie-Up Streamlines Access To Finance, Data

PYMNTS

As banks look to streamline access to finance or make it easier to safely share financial information with apps, Barclays Business Banking and Wells Fargo are joining forces with FinTechs on digital initiatives. PYMNTS rounds up the latest partnerships and initiatives below. Barclays & Propel. Wells Fargo & Envestnet.

Finance 91
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Getting the decisions right: how can CFOs be future-ready

Future CFO

Because of this, 90% of finance leaders surveyed look into reducing or pausing spending across areas ranging from marketing to people development, despite some of these areas being long-term priorities. CFOs see the need to modernise finance operations to reduce manual effort and enable employees to focus on more value-added activities.

CFO 52
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The Benefits of Automating Forecasting Processes  

Centage

When it comes to automation, what’s particularly beneficial is the way technology can automate how financial data flows through models and forecasts, freeing financial teams from the manual labor of attempting to create forecasts via spreadsheets. This can mitigate many of the risks associated with the preparation of forecasts.

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Traditional FIs Drive Modernization Through FinTech Pairings

PYMNTS

Consumer Bank Chief Digital Officer Mike Naggar said the FI aims to provide customers "a choice, convenience and control of their financial data. Finantier Joins Y Combinator With Open Finance Model. WEX Talks Bank Partnerships To Advance B2B Payments.

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B2B APIs Bring Access And Speed To Finance

PYMNTS

Open banking and its promise of more elasticity in finance is enabled by application program interfaces (APIs) — lines of code that execute everything from simple peer-to-peer (P2P) transfers to industrial-sized B2B real-time payments. As the industry marks two years since open banking’s U.K.

B2B 53