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2024 predictions for finance: From virtual payments to business travel (part 1)

Future CFO

SAP Concur has revealed key 2024 predictions for finance by its executives. For the upcoming year, AI is the connecting thread among SAP Concur executives’ predictions, the firm said, adding that AI is changing how all business is conducted, and travel, expense, and invoice (TEI) management is no exception.

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ERP Functional Areas of Management

Navigator SAP

There are many benefits of cloud ERP systems such as SAP ByDesign, as they are designed with easy-to-use dashboards akin to those consumers use online in their everyday lives. Sales data related to customer visits, expenses, shipping, invoicing, forecasting, and competitor analysis are all available in one place.

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Today In B2B: SBA Releases New PPP Loan Guidance; xSuite Secures Peppol Certification

PYMNTS

Today in B2B payments, the SBA releases guidance for the next round of PPP loans, while xSuite secures Peppol invoice certification. Singapore Grants eDoc Firm xSuite Peppol Certification for Invoices. TripActions Adds Integrations for Microsoft, SAP and Others. SBA Unveils Guidance for Second Round of PPP Loans.

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ERP Data On The Front Lines Of Blockchain Adoption

PYMNTS

The company announced earlier this month that it has developed what it claims to be the world’s first technology to integrate blockchain into ERP systems like SAP. Being able to transmit this type of data via blockchain would make B2B processes like invoice processing and payments far quicker, the company explained.

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The 5 best budgeting software solution to increase efficiency of the business

Spreadym

It helps automate and streamline the budgeting process by providing tools and features to input financial data, allocate funds to different categories, monitor expenses, and generate reports. Budgeting software is an application designed to assist businesses in creating, managing, and tracking their budgets.

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The Lasting Impact Of Corporates’ Mistrust Of The Cloud

PYMNTS

That skepticism has largely waned, though, with many organizations taking a hybrid approach to cloud solutions and, eventually, entrusting the cloud to store key information like financial data. Putting financial data in the cloud [could] be perceived as a major security risk.”.

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For Improving Financials, Putting Big Data Into Context Is Key

PYMNTS

More recently, corporate T&E software firm Coupa found that the majority of chief financial officers lack full visibility into company spend. Without a full picture of financial data in context, executives cannot know where to look for a problem, let alone identify one, said Rinke.