Press Releases
The latest CFO.com survey shows that despite labor challenges and a potential recession, CFOs and business leaders are more confident in economic expansion for Q2 2023 and beyond. The survey covers 500 executives, most of whom expect revenue growth, but cost reduction remains a theme, with technology investment seen as key to easing workforce needs, while AI adoption is expected to expand, yet management must be mindful of supporting innovation to prevent talent attrition.
A survey commissioned by TravelBank and conducted by CFO Dive reveals that 71% of financial executives believe travel and expense management consumes too much time and effort, yet only 21% think this area most requires automation. The survey also found that 88% of financial executives believe fintech will become a significant growth driver in the next five years, and 73% worry that issues of employees violating travel policies will intensify as companies grow.
Moneypenny has launched a new Intake Service via VoiceNation to support accounting firms in converting new business leads. The service uses US-based call handlers to respond quickly to inquiries, qualify leads through tailored screening questions, and integrate with CRM systems, enabling in-house teams to focus on closing deals.
Mesh Payments, a spend management platform, has expanded its services to Europe, UK, and Asia, allowing multinational companies to manage spend in local currencies from a single platform. The expansion follows 3X growth in 1H 2023 and includes new capabilities for localized operations, ERP integrations, global compliance, and policy enforcement.
On June 22, 2023, CloudBolt Software released its tenth industry insight report, based on a survey of 500 executives, engineers, and developers, finding that FinOps adoption rates reach as high as 98%, but 44% of existing teams were established less than a year ago, and 45% of respondents have doubts about its real-world effectiveness. The report points out that insufficient foundational capability building and ambiguous responsibility allocation constrain the realization of FinOps value.
Mesh Payments, a global spend management platform, released ProcurePay on July 11, 2023. This enterprise payment solution is designed to connect procurement, payment, and reconciliation processes, delivering an automated payment experience. ProcurePay integrates with any ERP or procurement system, supports PO-driven processes for both online and in-store purchases, and covers over 200 currencies and more than 140 countries. The product is free for new and existing customers for the remainder of 2023.
Boston-based fintech company Centime announced the launch of its latest platform feature, Payment Hub, a business billing portal designed to help companies collect payments through a secure and easy-to-use interface, streamline accounts receivable processes, and enhance cash flow efficiency.
InfraSight Software Corporation announced on July 13, 2023, that its enterprise-grade application has entered beta testing. The platform focuses on cloud FinOps and risk clarity, transforming IT observability and financial data into actionable insights for C-suite executives, aiming to bridge the information gap between IT operations and executive leadership. Partners such as SecureIT Consulting and eCloud Managed Solutions have already deployed the platform, with more deployments expected in the coming weeks.
WarehouseQuote released its Q3 2023 Warehouse Pricing Index (WPI) report on July 20, 2023. The report shows a 9% year-over-year increase in warehouse storage costs nationwide, with prices remaining high amid capacity expansion and stabilizing inventory levels. The report also includes in-depth insights from C.H. Robinson and S&P Global Market Intelligence, and provides an outlook on 3PL industry trends for the remainder of 2023.