By: DigitalCFO & Jedox | 5 April 2022
Rapid tech innovations, dynamic customer demands and a global pandemic – We live in a world that is volatile and susceptible to disruptions. Leaders today need to know sooner, act faster, and adapt more quickly to changing business conditions.
To that end, the value of planning and analysis has never been more crucial. Businesses may have made decisions in the past using spreadsheets, siloed procedures, and unlinked end-to-end systems. However, with the emergence of digitisation and constant volatility of the market, these traditional ways may now lead to more delays, errors, and frustrations.
DigitalCFO & Jedox jointly organised a physical CFO Executive Roundtable discussion with more than 10 senior finance leaders sharing valuable insights with each other.
Download the survey report to get further xP&A insights from the industry’s leading finance leaders
ADDX, CGS-CIMB and Taurus Point
How Digital Securities By ADDX Are Changing Corporate Finance
This case study examines what digital commercial papers are, what gap they fill in the current corporate financing landscape, as well as the long-term implications if this instrument becomes widely accepted among issuers and investors.
ADDX is your entry into private market investing. It lets you invest in private equities, hedge funds, unicorns, and other private market opportunities. We've even made them accessible at a far lower entry cost.
Private markets have long excluded most people. We don't think that's fair, and we're here to change that.
If we succeed in building a financial market that allows capital to flow freely through equal access to investors, we have a shot at creating a world where everybody can access financial ecosystems – easily, fairly, and safely.
Your guide to best practices and expert recommendations for automating your accounts payable process.
Accounts Payable Automation
Our AP Automation experts know what works – and what doesn’t – when it comes to digitalising your supplier invoice handling. This exclusive e-book provides you our recommendations and best practices for getting the most out of your solution.
By: Board Asia Pacific | 11 November 2021
Consolidation is a foundational element of any corporate performance management solution today. Improved management reporting, for example, which is cited as a primary driver in two-thirds of all CPM/BPM projects, relies heavily on consolidation functionality. Larger and medium-sized enterprises that seek to improve their financial consolidation are usually aiming to trade up from legacy systems, separate and weakly integrated applications, and/or Excel processes.
It’s common that a specific pain point drives Finance to consider upgrading financial consolidation, and then a larger vision of how to leverage the upgrade takes shape. We encourage companies to define the vision clearly and extend it as far as practical, because this tends to bring the most extensive benefits.
This whitepaper recommends a set of ten key criteria for selecting a consolidation solution and gives real-life examples of several major companies that “took consolidation to the next level”.
By: Swift | 17 September 2021
APIs (application programming interfaces) are the firepower behind many of today’s most popular online products and services, connecting and exchanging data between applications and web servers. An API is a set of software code and definitions that describe how two or more applications can interact and communicate with one another. Developers use APIs as a shortcut to quickly and efficiently integrate their applications with other software. Once implemented, applications exchange data with each other by making ‘API calls’, pushing and pulling information between themselves in real-time. Organisations offer APIs to developers – who could be employees, customers or third parties – as a way of increasing the speed and efficiency of developing new applications that work their software.
SWIFT has been a leader in unlocking the potential of APIs for years having launched their first API in 2017. Since then, adoption and usage of the SWIFT API channel has grown significantly with more than two billion API calls made over SWIFT in 2020 – a 120% increase year-on-year.
The ‘Be part of SWIFT’s open API revolution’ paper explores in detail:
- APIs and the platform economy
- Tapping into the power of APIs in financial services
- Overcoming a key industry challenge: A Fragmented API Environment
- Harnessing the power of APIs for the SWIFT community
- APIs: At the heart of SWIFT’s strategy
- Starting your API journey with SWIFT
- The APIs available on SWIFT
By: Mambu | 5 August 2021
With an estimated 1.9 billion Muslims around the world – nearly a quarter of the global population and the largest religious group in the world – the opportunity and necessity of Islamic finance is evident. This relatively new banking sector has been around for roughly 40 years, and given how young the industry is, it demonstrates a huge potential and scope for evolution.
To get better insight into how this industry can develop, Mambu conducted a global survey of 2,000 members of the younger Muslim community (Gen Z and millennials) to understand what Islamic finance means to them, as well as their expectations of this sector.
Key Beliefs Include:
- You shouldn’t make money from money –
essentially, a system that is ‘interest free’
- Your money should not cause harm, meaning
Islamic financial services should not invest in
things like alcohol, tobacco and gambling.
- Islamic finance encourages partnership
(Mudarabah), in which partners share in the
profits and losses of an enterprise.
By: Esker | 29 July 2021
Leading medical technology company, Siemens Healthineers, was looking to automate its highly manual order entry process to free up Customer Service Representatives (CSRs) from time-consuming, low-value tasks and facilitate order management, regardless of order type or format.
Siemens Healthineers Italy turned to Esker to automate, standardize and streamline its order management process, and ensure full compatibility with NSO.
Prior to Esker, only 8% of orders were automated. Today, Siemens Healthineers automates 85% of received orders, with 93% of order fields correctly identified by the solution.
By: Fujifilm & Esker | 26 July 2021
Digital transformation has reached a tipping point. It is no longer a “nice to have” option or vague long-term goal. The pace of transformation has accelerated over the past 18 months and analyst IDC predicts that by the end of 2022, more than 50% of APAC GDP will be digitalized according to this new eBook by Fujifilm and Esker.
The global events of 2020 have only served to further, boost this digital transformation trend. According to Gartner, 69% of companies accelerated their digital business initiatives in the wake of COVID-19 disruption.
Amid this disruption, CFOs face myriad challenges. According to EY’s annual global CFO survey, 84% of finance leaders said that balancing short-term results and creating long-term value is a priority.
The eBook explores in detail:
- CFO Priorities and goals
- The Digital Enterprise: Goals and Challenges for 2021
- How to fuel finance automation
- Different Finance Gaps
By: Accuity | 6 May 2021
The fast, frictionless payment transactions experienced by consumers are influencing B2B customer expectations and driving payments digitisation, according to this new whitepaper by Accuity.
The whitepaper explores in detail:
- The added value of data in the new payment ecosystem, including ISO 20022 and APIs.
- The benefits of electronic payments in B2B to reduce friction and improve efficiencies. Improvements could lead to a $950 billion global opportunity across invoice processing, Accounts Payable payment processing, working capital management, factoring and cross-border payment optimisation.
- The impact of digital payments transformation on key B2B sectors:
– Corporates, including small- and medium- sized enterprises
– Financial institutions
– Fintech companies
Accuity, a LexisNexis® Risk Solutions Company, powers compliant and assured client transactions to help build an interconnected and trusted financial ecosystem. Our financial crime screening, payment services, and benefits compliance solutions help enable financial inclusion while identifying criminal activity and fraudulent players. With deep expertise and industry-leading data and analytics solutions from the Firco and Bankers Almanac brands, Accuity provides unmatched confidence, efficiency and compliance for customers around the world.
By: Workday | 16 Apr 2021
The COVID-19 pandemic has accelerated the adoption of digital transformation across many different areas. However, according to Workday’s CFO Indicator Survey 2020 on finance digital transformation, nearly half of 225 CFOs from global organisations surveyed have not implemented any finance digital transformation initiatives.
Finance digital transformation is the implementation and use of digital technologies such as the cloud, machine learning, and augmented analytics to finance processes to create more efficacy, insight, and agility. Up-skilling and change management are essential success factors.
Between March and May 2020, we asked 225 CFOs from global organisations how they are navigating uncertainty by initiating finance digital transformation.
Learn what finance digital transformation entails and how it helps CFOs adapt.
Download the report to find out what CFOs across the world are doing to help equip their team to tackle change.