PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Top 3 Ways Cloud-Based Solutions are Changing the Role of Finance Professionals

Chris Elmore by Chris Elmore
April 19, 2016
in Industry Opinions
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Trends in consumer technology have slowly made their way into our business life; one of those trends — the “Cloud” — is certainly changing how we perform our jobs, regardless of industry. And, why wouldn’t that be the case?

For finance professionals, to advise your business to the best of your ability, you need to see the entire picture – that means integrating data from different tools and sources. And we’re not sedentary beings anymore; you can’t solely have access to the required finance program on one immobile desktop. Lastly, your job requires tools that enable you to work at the speed of business – lightning fast.

More detail on the ways your work life is being changed by cloud-based solutions is outlined below. For further insight, join us for an educational webinar featuring Payment Experts, Chris Elmore of AvidXchange and Steve Murphy of Mercator Advisory Group and PaymentsJournal on Thursday, April 28 at 2 p.m. ET. Register here.

Data Interoperability – Systems should work together to create a seamless experience for users, and to leverage the collective power of the data that is available. For example, in the financial space, having an accounting system that integrates seamlessly with a T&E tool or an AP automation solution helps with creating accurate financial projections for improved budgeting and forecasting.

Visibility into Data from Anywhere – Flexibility to accommodate a 21st-century finance professional who doesn’t want to be married to his/her desk. In a recent study done by the Census Bureau, one of the fastest-growing groups of professionals to work from home are in the financial space. Cloud-based solutions have certainly played a part in this. Additionally, your life is on the move, going to tradeshows or board meetings, and cloud-based solutions keep you connected wherever you may be.

Data-Driven Decisions – Cash is king, and you’re the keeper. The business relies on you to have accurate numbers to help make important decisions on hiring, investments, and more. If you’re currently relying on your trusty Excel spreadsheet, then you know how difficult it can be to quickly whip up reports, or do a fast analysis.

Tags: Fraud Risk and Analytics
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    January 31, 2023
    credit card tumbling

    How to Detect, and Prevent, Credit Card Tumbling

    January 30, 2023
    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    January 27, 2023
    faster payments

    Faster Payments Are Set to Revolutionize Modern Digital Payments

    January 26, 2023
    How AI can Help Manage Payments Risk in 2023

    How AI can Help Manage Payments Risk in 2023

    January 25, 2023
    cross-border payments

    How to Implement Effective and Innovative Cross-Border Payment Strategies

    January 24, 2023
    credit card experiences, digital payments, b2b payments

    Will Consumer-to-Business Payment Trends Drive B2B Global Growth in 2023?

    January 23, 2023
    Faster Payments Faster Identity Verification, connected car, payments

    2023 Predictions: Authentication, Digital Identity, and In-Car Payments

    January 20, 2023

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the U.S. Bank report - Real-time payments