Displaying items by tag: Finance

GUEST RESEARCH:  More than half (54%) of Finance and Shared Services leaders are using AI for automating routine tasks but 60% say they are concerned with the current state of processes in their organisation may limit the value they can reach with AI.

COMPANY NEWS:  Annual awards program recognises top-performing partners driving digital transformation for the Office of the CFO

COMPANY NEWS:  Avalara, Inc., a leading provider of tax compliance automation software for businesses of all sizes, today announced it has been named to G2's 2025 Best Software Awards, earning an award for G2's Best Accounting and Finance Products 2025. This is Avalara's third inclusion in G2's Best Software Awards.

Financial sustainability is the backbone of any successful enterprise, ensuring long-term growth while weathering economic uncertainties. For businesses in India’s dynamic market—marked by rapid digitization, regulatory shifts, and evolving consumer preferences—achieving this requires strategic planning, adaptability, and disciplined execution. This article offers a comprehensive overview of how you can enhance financial sustainability in your business.

GUEST RESEARCH: More than eight out of 10 (84%) of Supply Chain leaders globally say they urgently need to better understand how their business processes actually work and 93% believe there is untapped value in their departmental processes.

COMPANY NEWS: 

• Australian-built generative AI software trialled by iconic American confectionery company Tootsie Roll could provide hundreds of millions of dollars in savings to the manufacturing industry.
• Includes real-time insights facilitating a greater connection between the C-suite and operational teams.

Coco Hou CPA is calling on professionals working in accounting and finance to consider taking on a side hustle in bookkeeping and accounting to meet the growing demand from businesses in need of accounting services and to help earn more money to help with household bills. 

GUEST OPINION:  For security professionals who may be hesitant to invest in video analytics, now's the time to reconsider. In a newly released Omdia report commissioned by BriefCam (now Milestone Systems), the research firm uncovered a compelling story: more than 85% of the organisations surveyed that use video analytics achieve a return on investment within just one year. The study, which surveyed 140 end users across multiple industries, demonstrates that security technology is no longer just for security — it's a cross-organisational tool that delivers measurable business value far beyond traditional safety applications.

• Working closely with developers, the two companies are targeting new applications for enterprises in banking, finance, ports, online streaming, and the public sector.
• StarHub’s 5G and 4G networks will connect to Nokia’s Network as Code platform with developer portal to give developers a seamless pathway for creating new applications.

Singaporean telecommunications conglomerate Starhub, with over 2 million subscribers, and Nokia are partnering on network APIs to support StarHub’s mission to create new revenue opportunities for its customers and monetise its network assets.

GUEST OPINION:  Future-focused C-suite banking forecasts: major shifts in customer experience, revenue models, and tech infrastructure

GUEST OPINION:  In an era where innovation defines industry leadership, artificial intelligence (AI) has rapidly shifted from being a speculative investment to a critical tool for achieving business efficiencies, cost savings, and customer engagement.

GUEST INTERVIEW :  As businesses shift from Bare Metal to the cloud, why is this trend accelerating?

ANNOUNCEMENT:  Backbase, the global leader in engagement banking, has successfully delivered a new digital banking platform for MyState Bank (MyState) to support future growth. The platform represents a significant leap forward in delivering seamless, customer-centric digital experiences to MyState customers.

COMPANY NEWS:  Backbase, the global leader in engagement banking, has successfully delivered a new digital banking platform for MyState Bank (MyState) to support future growth. The platform represents a significant leap forward in delivering seamless, customer-centric digital experiences to MyState customers.

Insurance and finance giant Suncorp is reaping big rewards. from smart tech investments, its FY2024 results show.

Artificial intelligence is changing the banking business, with major implications for both traditional and new banks. This shift in the banking industry from traditional, data-driven AI to sophisticated generative AI which offers unprecedented levels of efficiency and customer engagement. In the banking industry, generative AI has the potential to increase productivity by 5% and decrease worldwide spending by $300 billion, according to McKinsey's 2023 banking report. 

COMPANY NEWS:

Key highlights: 

• Atturra Limited unaudited FY24 revenue to exceed $240m, up 35% on the prior corresponding period (pcp)
• Strong end to 2HFY24 with Underlying EBITDA for the full year of $25m to $26m, up 19% on pcp which is in line with guidance of 25m+
• Over 40 new federal government contracts signed across multiple departments and agencies including Departments of Defence, Home Affairs, Finance, and Treasury, as well as the Australian Signals Directorate, Australian Criminal Intelligence Commission and Australian Financial Security Authority showing confidence in Atturra’s sovereign capabilities. Although individually not material to the overall FY24 result, the combined contracts noted have contributed to the aggregate FY24 performance outlined above.  
• Continuing to track well with contracts in the education, mining and resources and local government sectors. Atturra is expecting to continue strong revenue growth in FY25 whilst maintaining target underlying EBITDA.
• Continued success in integrating acquisitions to be Australia’s leading sovereign end to end IT services and advisory businesses.
• 20%+ growth in revenue for FY25 whilst maintaining underlying EBITDA of 10.5%

COMPANY PRODUCT NEWS:  The AI revolution in the last couple of years has taken almost every industry by a storm. AI-powered applications have shown just how powerful and useful they can be. Therefore, it does not come as a surprise to know that traders in the financial markets have opted to use AI trading bots to elevate their experience and to reach new heights of profitability.

COMPANY NEWS:  SAP Account Substantiation and Automation by BlackLine, financial review option, is the latest market-leading solution extension from BlackLine to be sold by SAP

GUEST OPINION: In today’s modern business environment investors, employees, consumers and regulators are increasingly demanding that companies operate with sustainability and ethics at the forefront of business growth. Corporate success is no longer defined by financial profits alone.