Latest news
PowerPlan launched Data Hub, a suite of SaaS APIs designed for energy and utility companies, aimed at simplifying data access, improving analytical efficiency, and being compatible with both on-premises and cloud environments.
On January 10, 2023, Mintec announced the acquisition of AgriBriefing, which owns brands including Urner Barry, Strategie Grains, FeedInfo, and Tropical Research Services. This merger will create the world's largest agri-food price reporting agency (PRA) and data provider, covering 650 commodities and 21,000 time series, serving more than 5,000 clients across over 50 countries.
On January 10, 2023, Traceable AI announced it will help FDIC-insured financial institutions meet the FFIEC's latest cybersecurity compliance requirements. The FFIEC updated its guidelines in October 2022, explicitly listing APIs as an independent attack surface and requiring financial institutions to inventory and conduct risk assessments of APIs. Traceable provides features such as API discovery, risk scoring, sensitive data flow monitoring, and automated consistency scanning, and supports on-premises, SaaS, or cloud deployment.
RELEX Solutions and Legion Technologies announced a strategic partnership on January 11, 2023, aimed at integrating supply chain planning and workforce management technologies to provide retailers with more accurate demand forecasting, optimized scheduling, and real-time data sharing, thereby improving overall operational efficiency and return on investment. The two companies will showcase the results of their collaboration at NRF 2023.
The latest survey released by CFO.com shows that CFOs and corporate executives are generally cautiously optimistic in the face of potential economic recession risks in 2023. The survey, covering 500 financial and non-financial executives, found that although 99% of respondents expect budget cuts, most still anticipate moderate growth. Meanwhile, employee morale issues are prominent, with 78% of CFOs and 59% of non-financial executives believing that the "quiet quitting" phenomenon affects companies, and 50% of managers are actively seeking new jobs.
B Lab Global announced two new executive appointments on February 16, 2023: Clay Brown as Head of Standards, Certification, and Product Delivery, and Anand Sankaran as Head of Finance and Administration. Both bring extensive industry experience and will report directly to Chief Executive Eleanor Allen.
A survey of more than 6,000 accountants and auditors worldwide by Caseware International reveals that talent shortage has become the fastest-growing challenge in the accounting and auditing industry. Over 90% of respondents said it is difficult to recruit skilled talent, and more than 85% believe retaining talent is not easy. The report also notes that the industry is responding to these challenges and enhancing client collaboration by accelerating the adoption of tools such as cloud technology and data analytics.
A global survey jointly released by FTI Consulting and CFO Dive shows that the 2023 CFO agenda focuses on four key priorities: streamlining operations, upgrading financial systems and data insights, focusing on talent and supporting technology, and strengthening ESG reporting and controls. Based on feedback from 304 senior finance executives, the survey reveals that inflation (77.3%) and cost of capital (76.7%) are the primary risk factors, while companies also face challenges such as data access and forecast accuracy.
Outsourced communications provider Moneypenny has launched an Insolvency Support Line designed to handle the surge of calls from suppliers and customers following administrative announcements such as restructurings. The service aims to reduce disruptions for in-house teams, with an average small business insolvency generating 50-60 calls in the first two weeks, and high-profile cases receiving hundreds. Available in six and 12-month contracts, the line can be set up in 48 hours.
Cash management solution provider Centime announced on March 14, 2023, that its SuiteApp, built on the Oracle NetSuite SuiteCloud platform, has received 'Built for NetSuite' certification. The application is designed to enhance cash flow forecasting, optimize accounts payable/receivable processes, and provide working capital credit lines of up to $250,000.