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As smaller businesses grow into medium-sized businesses, the sophistication of their financial management strategies must expand as well.Though there is a widespread push among the business community toward modernization 鈥?a discussion often centered around the need to ditch the spreadsheet 鈥?the chief financial officers of SMBs continue to wade through troves of siloed data, which makes financial planning and analysis FPA a tedious endeavor.Didi stanley cup Gurfinkel, co-founder and CEO at DataRails, recently explained to PYMNTS that the Excel spreadsheet is actually an instrumental, highly valuable tool for finance professionals, especially when running FPA reports. Enhancing the power of the spreadsheet, rather than forcing CFOs onto an unfamiliar system, could be the strategy that yields more effective financial planning 鈥?and jump-starts the finance department own modernization journey.The Power Of The SpreadsheetGurfinkel 8216 experience has shown finance leaders to often lag behind other departments when it comes to modernization, which he described as a 8220 tate of mind.One of the last departments in stanley canada the organization that still hasn ;t perfor stanley uk med this transformation is the CFO office, he said. If you take a typical board meeting or management meeting, the VP of sales will present a beautiful dashboard with all of the marketing analytics. The CFO will open the Excel spreadsheet. This is how things work.The s Wurc Pizza Is Winning The Online Food Delivery Wars
TransferMate Global Payments, the cross-border B2B payments provider, announced Monday May 20 it inked a deal with Wells Fargo to deliver its Global Invoice Connect platform for U.S.聽 based international businesses.In a press release, TransferMate said its Global Invoice Connect Platform enables U.S. businesses to receive payments from global customers for a lower cost. Global Invoice Connect provides electronic bill presentmen stanley cup t in U.S. dollars or in the customer local currency. TransferMate collects funds from customers located in over 50 countries around the world through local funds transfer in customers local currency. With this relationship, TransferMate and Wells Fargo are leading the charge in reducing the friction between borders for international businesses, and those aspiring to expand abroad, Terry Clune, co-founder and CEO of TransferMate, said in the press release. Global Invoice Connect is a prime example of two stanley termoska innovative financial services companies coming together to deliver a powerful new payments technology that helps businesses stay ahead of the curve in an increasingly fast-paced world. The platform by TransferMate reduces administrative overhead by automatically matching the payment received to the invoiced amo stanley france unt, eliminating the need for manual reconciliation. The platform also reduces the payment cost in many locations and provides competitive foreign exchange rates that may be better than at a customer local bank.By partnering wit
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