cfotechoutlook

The Quintessential Technology Source for Corporate Financial Professionals

6OCTOBER 2021Managing EditorSarah DawsonAaron Pierce Ann Bennis Antony MosesVisualizerAlbert RozarioSalesSarah DawsonManaging Editoreditor@cfotechoutlook.comRichard Watsonrichard@cfotechoutlook.comEditor's NoteEmail:sales@cfotechoutlook.comeditor@cfotechoutlook.commarketing@cfotechoutlook.com OCTOBER - 2021, Vol - 07, Issue - 09 (ISSN 2644 - 2841)Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com Editorial StaffAva GarciaJoshua Parker Paul BarberJoy ParkerCopyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffDigital transformation trends directly impact the way companies engage with their banks--and cash management sits at the forefront of this revolution. With an increased focus on profitability, the adoption of cash flow solutions has increased multifold as they enable organizations to define financial goals, monitor costs and revenue, and develop business plans through the early identification of trends and anomalies. According to MarketsandMarkets, the global cash flow management market is projected to grow from $369 million in 2020 to $1,170 million by 2025, at a CAGR of 25.9 percent during the forecast period. In order to solve their cash handling and storage problems and achieve better visibility into their financial health, organizations are readily adopting technologies, including Artificial Intelligence (AI), Machine Learning (ML), data analytics, and business intelligence. These technologies improve the overall efficiency of cash management processes, ultimately leading to business growth. However, business activity and cash flow uncertainty has been rising radically since the onset of the COVID-19 pandemic. Managing and forecasting cash flows in the pandemic has become a matter of survival for numerous companies. Moreover, companies are gradually adopting big data and analytics capabilities with cash flow management solutions to gain improved financial insights and prepare better for the future. As organizations are finding new ways to enhance decision-making and strengthen their competitive advantage, today's cash management solutions ought to go beyond the simple processing of payables and receivables. The solutions need to effectively automate and optimize working capital, accurately forecast cash flow, and mitigate and prevent fraudulent activity. In this edition of CFO Tech Outlook, we bring you some of the most successful cash management solution providers that deliver the best outcomes for their clients. This edition offers a blend of thought leadership and subject matter expertise along with profound insights from CIOs and CXOs. We hope this edition assists you in choosing the right cash management solution provider according to your requirements. Let us know your thoughts!Managing Cash Flow in the COVID Era
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