10 Most Promising Finance Management Software Providers - 2014
Businesses ultimately succeed or fail based on their ability to create and manage a profitable business. The combination of a competitive, global environment and mandatory regulatory compliance means that successfully managing finances is one of the biggest challenges and opportunities a business can face. While there are many technology solutions aiding the finance industry, there are no proper control systems to regulate the ‘always-changing’ rules of regulatory boards.
It is essential to put reliable solutions in place to drive efficiency and performance–not only in the finance department but throughout the organization. Existing players and new entrants are increasingly embracing new technologies like Cloud and Big Data to power the Financial Management Softwares. This innovative approach is elevating industry standards and helping all the players in the channel to be more dynamic and operate more efficiently by accelerating financial close, providing strong expense management, offering streamlined and auditable revenue management and ensuring complete real-time visibility into the financial performance of the business.
With the new technologies, vendors are helping every business achieve sound financial management, from general ledger journals to sophisticated fiscal reporting, monitoring and enterprise performance management. They are directing financial companies and institutions to a new phase—shifting from age old processes to modern and easily deployable solutions.
In the last few months we have looked at hundreds of solution providers who primarily serve the finance industry, and shortlisted the ones that are at the forefront of tackling challenges faced by this industry.
In our selection we looked at the vendor’s capability to fulfill the needs of the finance sector through the supply of a variety of services that support core business processes, including innovation areas related to cloud, mobile, Saas, PaaS and ERP, Big Data and analytics, mobility, and social media in the specific context of the finance industry. We also evaluated the vendors support for bridging the gap between IT and Operations Technology.
We present to you CIOReview’s 10 Most Promising FMS Providers 2014.