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Is your finance team getting the love and attention they deserve? Typically overworked and underappreciated, finance teams are a serious flight risk. Staffing problems in the finance department can impact an entire company. And yet, most finance teams still spend an inordinate amount of time on manual tasks.
The survey revealed that the majority of participants consider “managing liquidity risk and overseeing financial risk management” to be crucial priorities. An automated, consolidated spendmanagementplatform helps treasury departments gain the visibility and control they need to build responsiveness for a turbulent economy.
LeaseQuery , a provider of software built to empower accounting and finance teams by simplifying the complex, has acquired Stackshine, a SaaS spendmanagementplatform designed to help companies track and optimize their software spend and usage.
LeaseQuery , a provider of software built to empower accounting and finance teams by simplifying the complex, has acquired Stackshine, a SaaS spendmanagementplatform designed to help companies track and optimize their software spend and usage.
These businesses will also be able to take advantage of enhanced spend controls on their eligible Mastercard corporate and business cards, all while staying with their existing issuing bank and benefiting from a next generation spendmanagementplatform. With this integration, U.S. With this new integration, any U.S.
If you’re like most finance professionals right now, you’re keeping a close eye on spending. With so much uncertainty about the future, finance leaders are focusing on investments with rapid impact. Evaluating the time-to-value of a spendmanagementplatform. ROI within six months. Ease of use and adoption.
Some examples of these policies might include: Finance has clear expense policies in place, including what documentation is required and who needs to approve new purchases. It also places an undue burden on managers and the finance team when they are forced to “police” employees to make sure spend requests are compliant.
But it’s more critical than ever that we not rely on “good enough” processes that cost more, expose us to risk, and place an increased burden on our teams to spend extra hours on manual tasks. The benefits of a better process accrue to both Finance and the total employee population. Set up now for future success.
Few milestones in a company’s lifecycle demand a more focused response from finance and accounting than the first external audit. Airbase is a spendmanagementplatform that provides full visibility and control over all non-payroll spend. The responsibility of a financial leader throughout an audit.
New tools that give visibility into subscription spending, like Airbase, help the finance department to be the unifying glue across the company. Finance can identify duplicate spend and opportunities for savings. Airbase’s spendmanagementplatform improves collaboration through configurable, cross-functional workflows.
Small- to medium-sized business (SMB) spendmanagementplatform Spendesk has landed an $18 million investment in addition to its $38 million Series B round in 2019. Spendesk provides a spendmanagement offering that gives further visibility and digitization to finance workforces.
Some of these have transitioned to public companies and continue to rely on our spendmanagementplatform since it can grow and adapt as their processes change. What is change management? Change management is a systematic approach to navigating transitions for a company. And why does it matter?
The rapidly evolving spendmanagement market is once again experiencing a breakout moment. As the category leader and pioneer, Airbase is the first and only spendmanagementplatform to now offer Guided Procurement — intake functionality for all purchasing.
Just look at SAP Ariba , which integrated PrimeRevenue’s supply chain financing into its spendmanagementplatform, or Reckon , a small business accounting platform that recently rolled out an SME lending feature thanks to Prospa. “It’s a very expensive form of financing,” Grant added. .”
HR and payroll software solutions provider Paylocity has struck a deal to acquire spendmanagementplatform Airbase for $325 million, the companies said in a media release on Sept. The deal is being funded by borrowings under Paylocity’s revolving credit facility. Canada, India, and the Philippines.
This week’s examination of the latest tie-ups include a new partnership between Coupa and BNP Paribas, as well as a broader discussion of the impact of “open finance” on small businesses by Plaid. ” Plaid Dives Into Open Finance. BNP Paribas, Coupa Pair On V-Cards. ”
In B2B payments and corporate finance, it wasn’t only bank-FinTech collaboration that made headlines in 2018. Partnerships, joint ventures, as well as merger and acquisition (M&A) activity between banks, startups, payments firms, technology conglomerates and everyone in between became a popular strategy for tackling friction.
With its new platform InvoiceXchange, B2B payments and invoicing company Crowdz has begun enabling its business clients to crowdfund their unpaid invoices as an alternative to traditional trade financing products. Vroozi, Stratas Embrace Vendor Collaboration.
businesses to connect their bank account data directly into Soldo’s business spendmanagementplatform. These integrations, Soldo VP of Small Business Europe Darren Upson said, “will give businesses and their accountants even greater control and visibility over every aspect of their finances.”
In its latest move, Visa announced a deal to acquire Fraedom , a longtime partner that provides expense management technology to FIs and direct to businesses. “They’ve been great in reporting and spendmanagement, and in moving their solutions into digital,” Phalen said.
One of the largest hurdles in this arena, the Playbook noted, is off-policy spending. A lack of visibility into company expenses – the result of a lack of platforms and systems to provide transparency into employee spending – has hampered companies’ ability to identify excessive, off-policy or potentially fraudulent transactions.
Advantages if Corpay One All in in one SpendManagementPlatform. Bill Pay, Expense Reimbursement, and Credit card management all in one place Custom Workflows to aid in Automation No Per User costs - Additional Remittance information sent to payee. Cashback - 1% on >50K spend - 1.5 <50K
However, it wasn’t just the mergers and acquisitions of B2B finance players, or the enhancements of services to cater to corporates and small businesses, that grabbed the world’s attention this year.
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