Press Releases
Survey: 60% of CFOs Believe Enterprises Are Ready to Apply AI, but Only 35% Actually Use AI in Finance
The 2024 CFO survey jointly released by Tipalti and CFO Dive shows that 60% of financial executives believe their organizations are ready to implement AI tools, but only 35% actually use AI in finance functions. 72% of respondents reported facing resource constraints in 2024, and 84% believe manual tasks still consume too much time. The report emphasizes that CFOs adopting a value-creation mindset are more likely to achieve organizational goals.
Centime Integrates with American Express via Sync Program to Enhance B2B Payment Solutions
Centime, a cash management platform, has integrated with American Express via the Sync Commercial Partner Program. This collaboration allows businesses to generate virtual cards for B2B vendor payments, optimize cash flow, and earn rewards on eligible cards. The integration enhances payment control and visibility for users.
Personiv Releases New Finance and Accounting Talent Market Report: Talent Shortage Intensifies, Outsourcing and AI Adoption Take Center Stage
Personiv released its CFO Pulse report on August 6, 2024, indicating that the accounting talent shortage continues to worsen, with 83% of senior leaders acknowledging the shortage (up from 70% in 2022). The report is based on a survey of 278 U.S. finance and accounting leaders across more than 20 industries and explores coping strategies such as outsourcing and AI adoption.
Marco injects financial flexibility into HR services firms | CFO Dive
Fintech company Marco recently approved factoring credit lines for three Canadian HR services firms, one of which increased its line from $500,000 to $1.1 million, helping them optimize cash flow and scale operations.
Trintech Sets Another Record in Q2 Bookings, Driven by Innovation and Customer Success
Trintech announced record bookings in the second quarter of 2024, with approximately 20% year-over-year growth in the first half. By integrating Frontier and Accurate, enhancing AI capabilities, launching new Cadency features, and winning multiple new global customers, the company further solidified its leadership in financial reconciliation and close software.
Trintech Named 2024 Technology Leader in SPARK Matrix™ for Financial Close Management by Quadrant Knowledge Solutions
Quadrant Knowledge Solutions has recognized Trintech as a 2024 technology leader in its SPARK Matrix™ for Financial Close Management (FCM). The evaluation highlights Trintech's Adra and Cadency platforms, which leverage automation and AI to streamline financial close processes. The report also underscores Trintech's strong customer impact and technology excellence, as noted by industry analysts and company leadership.
Trintech Named Workday Innovation Partner and Achieves Workday Packaged Solutions Badge
On September 11, 2024, Trintech announced it became a Workday Innovation Partner and achieved the Workday Packaged Solutions badge. The partnership will simplify the integration between Workday Financial Management and Trintech's financial close solutions, helping finance teams automate transaction matching, shorten close cycles, and reduce risk.
Survey: Most Finance Leaders Struggle to Keep Pace with E-commerce Growth
A survey report jointly released by Hokodo and the B2B E-commerce Association reveals that 66% of finance leaders believe their teams cannot keep up with the pace of e-commerce development, and 17% of respondents say their finance teams are not prepared for the future. The survey also found that finance leaders face multiple challenges in balancing financial control with strategic growth, managing cash flow, and payment terms.
Industry Dive Launches DiveAccess API: Empowering Developers to Enhance Large Language Models with Professional B2B Content from 37 Publications
Industry Dive announced the launch of the DiveAccess API, which provides access to over 4 million articles from its 37 industry publications, designed specifically for large language model developers to enhance retrieval-augmented generation (RAG) workflows. The API offers continuously updated professional B2B content covering sectors such as banking, automotive, healthcare, agriculture, and energy. Megan McCoskey, Vice President of Product at Industry Dive, stated that the API will help developers significantly improve the ability of models to deliver precise, high-quality responses.