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A survey report jointly released by Hokodo and the B2B E-commerce Association reveals that 66% of finance leaders believe their teams cannot keep up with the pace of e-commerce development, and 17% of respondents say their finance teams are not prepared for the future. The survey also found that finance leaders face multiple challenges in balancing financial control with strategic growth, managing cash flow, and payment terms.
Industry Dive announced the launch of the DiveAccess API, which provides access to over 4 million articles from its 37 industry publications, designed specifically for large language model developers to enhance retrieval-augmented generation (RAG) workflows. The API offers continuously updated professional B2B content covering sectors such as banking, automotive, healthcare, agriculture, and energy. Megan McCoskey, Vice President of Product at Industry Dive, stated that the API will help developers significantly improve the ability of models to deliver precise, high-quality responses.
On October 29, 2024, Basware announced the launch of Basware Insights, integrating GenAI technology into its analytics platform. The tool offers natural language querying, real-time data analysis, and key metric monitoring features such as the CFO Cockpit, aiming to address reporting and visibility challenges faced by finance teams in accounts payable processes.
Senior pharmaceutical industry executive Taggart McGurrin recently appeared on the Life Sciences 360 podcast to share his innovative ideas and industry insights in the field of non-addictive pain management.
On November 19, 2024, Legion Technologies announced that it has expanded its partnership with Vail Resorts to all 37 of its resorts in the U.S. and Canada. The Legion WFM platform, which was previously piloted successfully, is now deployed across all resorts, helping management schedule staff more efficiently to address complex mountain operations needs.
Cybrid announces that its platform, supported by stablecoins and the Bitcoin Lightning Network, provides secure and efficient solutions for cross-border and domestic payments, in response to demand driven by the global cryptocurrency market value exceeding $3 trillion and changes in the U.S. regulatory environment.
Senior commodity analyst Kurush Mistry announced support for a 16-year-old microfinance initiative in East Africa that provides collateral-free loans to rural women entrepreneurs, starting at just $50, and has helped create over 105,000 small businesses in Uganda, Tanzania, and Kenya. Mistry's contribution will be used to expand loan coverage, business training, and community development.
Celonis, a global leader in process mining and process intelligence, announced on December 5, 2024, the appointment of Benoit Fouilland as Chief Financial Officer (CFO), effective December 1, 2024. Fouilland will join the executive management team and oversee the global finance organization and strategy to support Celonis's continued expansion in global growth, technological innovation, and market leadership.
Rossum's "2025 Document Automation Trends" report, based on a survey of over 470 financial executives in the US, UK, and Germany, reveals a contradictory state in the financial automation field: despite the prevalence of advanced automation platforms, Excel remains the preferred tool for 58% of financial leaders; cost (32%) has become the biggest implementation barrier; 27% of respondents believe the risks of AI and automation outweigh the benefits; and 46% of financial leaders consider themselves or their departments to be "Luddites." The report also invites several industry experts to provide strategic insights.