Supervising and managing businesses’ monetary aspects, corporate finance is veering organizations toward success. Today, corporate finance has become an integral part of the business model as it deals with funding and increasing the value of a firm to the shareholders. Realizing this significance, businesses are investing considerably in digitalization to enhance their corporate finance management so as to stand ahead of their peers. Moreover, when corporate customers’ minds are etched with digitalization, it is hard to convince and retain them by operating corporate finance functions in manually intensive and error-prone spreadsheets. To overcome this impediment it is important for organizations to leverage high-end technologies like IoT, cloud, and big data, commanding substantial digitalization in their corporate finance management.
Incorporation of newer technologies in corporate finance management is already allowing businesses to undergo a significant makeover. The inevitable technology, artificial intelligence (AI) is helping CFOs in handling tedious tasks that include audits, corporate compliance, and other data-driven reporting. Alongside, robot process automation (RPA) is also enabling CFOs to optimize accounts-payable and accounts-receivable processes.
Moreover, big data and predictive analysis emerge as a breakthrough in helping finance team to forecast the market changes and take decisions accordingly. The AR-enabled data visualization is helping CFOs and business analysts to comprehend complex data and make decisions swiftly while VR is enabling virtual trading. That being said, blockchain is also playing a game-changing role in corporate financing by securing customer data with its cryptographic technology and enhancing transparency—alleviating the risk of know-your-customer (KYC) regulations.
With a behemoth of such technologies shaping the corporate finance landscape, business leaders are seeking suitable corporate finance solution providers that incorporate robust technologies pertaining to company goals. Today, the market is replete with countless corporate finance solution providers, striving to pull themselves up by their bootstraps.
With a comprehensive view of corporate finance technology’s wide application’s, this edition of APAC CIO Outlook features companies with in-depth expertise in providing exemplary corporate technology solutions that help clients in tackling the various challenges in the arena of corporate finance. A prominent team of CIOs, CEOs, VCs, and analysts along with the APAC CIO Outlook’s editorial board have analyzed the strength and capabilities of the different players in this field and shortlisted the ones that are distinctively prominent.
We present to you APAC CIO Outlook’s “Top 10 Corporate Finance Tech Solution Providers – 2019.”
