This week’s roundup of financial software news for CFOs has something of a partnership theme. When it comes to innovation, the future for B2C and B2B financial software still looks to be largely influenced by the move towards partnerships between banks and FinTechs. In fact, Mark Carney, Governor of the Bank of England, discussed this trend in a speech almost a year ago, in which he spoke about the wider payments ecosystem, and expressed the Bank’s commitment to building infrastructure to help realise FinTech’s promise. Read on for five pieces of finance software news, including some interesting research from our friends at Xero.
Plug and Play, the largest global innovation platform, and TechQuartier, the one-stop startup hub in the heart of Frankfurt, Germany, announce Aareal Bank, BNP Paribas, Deutsche Bank, DZ Bank and NETS Group as the first five corporate partners to join their fintech program based out of Frankfurt. The partnership, known as “Fintech Europe,” will act as a home away from home for some of the most disruptive and innovative startups in the banking industry as they pilot their solutions with leading financial institutions.
HPD Software, a market leader of commercial finance software has won the International Trade category in the 2018 Queen’s Award for Enterprise – in recognition of the company’s outstanding overseas growth.
HPD Software was selected on the basis of its international presence in over 50 markets globally and for its recent market expansion, notably in Lebanon, Democratic Republic of Congo, United Arab Emirates and Jordan. The increased growth, largely helped by a subscription based pricing model which makes HPD LendScape finance software affordable to smaller enterprise businesses.
Vena Solutions, the fastest growing provider of cloud-based corporate performance management (CPM) software, today announced a new partnership with Sage Intacct, the innovation and customer satisfaction leader in cloud financial management solutions. As part of the new relationship, Vena has integrated its financial planning and analysis (FP&A) solution with Sage Intacct’s cloud-based accounting software. The integration is now available in the Sage Intacct Marketplace.
The global market in top countries of the world has been exclusively evaluated in a publication added by Research N Reports, titled “2018-2023 Global Accounting Software Market Report.” The authors of this publication have predominantly focused on the demand and trends in the markets by country. Understood from the title of the publication, the 2018–2023 forecast period considered here has been kept in view to foresee the overall revenue, price, consumption by country, and sales by type and application of the market.
Over half of the invoices issued by the UK’s small businesses were paid late last year, according to new research.
Accounting software provider Xero, who compiled the data, found that these delays caused 53.6 per cent of small businesses to start 2018 in negative cashflow.