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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.
FranchiCzar announced the selection of Location3 as its strategic digital marketing partner for its franchise brand portfolio, with the collaboration aimed at driving data-driven local marketing to support brand growth.
Tipalti, a global accounts payable automation platform, released a new report on August 3, 2023, titled "CFOs Heighten Focus on Achieving Efficiencies." Based on a survey of 153 finance executives, the report shows that 76% of respondents believe manual tasks still excessively consume finance team time, and 76% believe that in 2023, the CFO function will need to do more with fewer resources. 44% are focusing on improving new efficiencies, and nearly 70% are advancing investments in finance automation. The report also notes that key areas for automation include expenses (67%), tax compliance (66%), and automated payments (62%), among others.
Legion Technologies' annual report, surveying 1,513 hourly employees and 628 managers, finds schedule flexibility is the most critical factor for hourly workforce retention, with 96% of employees ranking it as the top job-taking benefit and 48% of managers citing it as the biggest retention challenge. The report also reveals 62% of hourly employees plan to leave within 12 months, and 43% would switch jobs for early wage access, underscoring the need for modernized workforce management.