Essential financial tech tools
- Iter Advisors
Contents
In an increasingly digital financial environment, companies need to equip themselves with the best tools to manage their finances. Here's a roundup of essential technology tools for CFOs, sorted by category.
1. ERP platforms: centralizing and optimizing financial operations
- NetSuite: a complete ERP solution, integrating accounting, inventory management and much more. Its flexibility makes it the tool of choice for growing SMEs.
- SAP S/4HANA: a robust ERP solution, particularly suited to large companies with complex, scalable requirements.
- Microsoft Dynamics 365: easier financial and operational management for companies already invested in Microsoft tools.
- PennyLane: offers a modern ERP solution specifically combining accounting, expense management and financial process automation.
2. Expense management tools: control expenses with precision
- Payhawk: offers centralized expense management with physical and virtual cards, facilitating budget management and real-time tracking.
- Expensify: simplifies expense tracking and reimbursement for employees on the move thanks to an intuitive mobile application.
- Ramp : offers advanced expense management and fraud detection features, all with an intuitive interface.
- Brex: offers exclusive benefits for startups and technology companies, providing simplified expense management.
- Airbase: combines expense management with automated accounting functionality, offering an all-in-one solution for high-growth companies.
3. Billing tools & accounts receivable: optimizing collections
- Stripe: versatile payment solution, ideal for e-commerce businesses looking to manage transactions and invoicing efficiently.
- Chargebee: designed to automate recurring invoicing and subscription management, particularly suited to SaaS companies.
- Upflow: helps reduce late payments by automating reminders and providing detailed analysis of accounts receivable.
- Bill.com: offers a centralized platform for automating accounts payable and receivable processes.
4. Cash management tools: maximizing financial visibility
- Tesorio: provides automated forecasts and working capital optimization tools.
- Kyriba: provides real-time visibility of the company's global liquidity, with advanced financial risk management features.
- Cashforce: helps companies optimize their working capital with precise analyses and recommendations for action.
5. Reporting and financial analysis tools: improving decision-making
- Anaplan: offers real-time financial modeling and forecasting solutions.
- Adaptive Insights: helps companies build dynamic budgets and forecasts, adapted to constantly changing needs.
- Workday Adaptive Planning: ideal for large companies requiring robust performance management and financial forecasting solutions.
Conclusion
Each of these tools contributes to modernizing the finance function and fully exploiting the value of corporate data. The right tools enable you to :
- Save time and energy
- Doing more with less
- React quickly to new information
- Make more informed business decisions
Above all,automation and the right tools free your team from repetitive, low-value-added tasks. Successful businesses are built on solid financial expertise. Let's keep moving towards optimized business intelligence and smarter companies with these valuable tools.
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