Previse’s Post

What business objectives will financial services firms prioritise this year? A new survey from Johnston Carmichael Chartered Accountants and Business Advisers polled 250+ senior executives at UK-based financial services firms and found a growing focus on technology, specifically automation, across the sector. Here are a few standout stats: 👉🏼 25.7% of financial services companies cited automation as a priority for their business next year 👉🏼 40% of wealth and investment management firms, and 40% of corporate and investment banks used automation to control costs over the past 12 months 👉🏼 32% of fintechs said they considered automation of processes to be the most important area of investment We’ll likely see a rise of companies using automation technology like UpSlide to drive efficiency and cut costs in 2024. 👀 Is your company prioritising technology investments this year? https://okt.to/K6NZPX #productivity #technology #CIB #finance

What business objectives will financial services firms prioritise this year? A survey from Johnston Carmichael Chartered Accountants and Business Advisers polled 250+ senior executives at UK-based financial services firms and found a growing focus on technology, specifically automation, across the sector. Here are a few standout stats: 👉🏼 25.7% of financial services companies cited automation as a priority for their business this year 👉🏼 40% of wealth and investment management firms, and 40% of corporate and investment banks used automation to control costs over the past 12 months 👉🏼 32% of fintechs said they considered automation of processes to be the most important area of investment We’ll likely see a rise of companies using automation technology like UpSlide to drive efficiency and cut costs in 2024. 👀 Is your company prioritising technology investments this year? https://okt.to/dG2sV5 #productivity #technology #CIB #finance

🚀 #CFO Strategies in the Subscription Shift: Balancing Act for Effective Spending 🌐💡 🔄 Dynamic Business Models: The corporate landscape is undergoing a transformation with the rise of the Subscription Economy. Companies, offering both subscription-based and traditional services, face the challenge of adapting to foster enduring customer relationships. 🌐 Diverse Service Mix: For CFOs overseeing companies with a blend of subscription and non-subscription services, effective spending management takes center stage. Striking the right balance is essential, considering the predictability of subscription income alongside the variability of traditional service offerings. 📊 Strategic Financial Oversight: CFOs play a crucial role in navigating the dual-service landscape by aligning financial strategies with the unique dynamics of diverse revenue models. Prioritizing spending management ensures resources are allocated efficiently to maximize returns. 🔗 Innovation in Spending: Success in this dynamic #environment requires CFOs to lead in the integration of technology solutions for efficient subscription management. Simultaneously, they must innovate in spending strategies, ensuring financial decisions are attuned to the distinct needs of both service categories. As businesses evolve in the subscription era, how are CFOs innovatively steering #spending strategies to capitalize on the predictability of #subscriptions and the flexibility of traditional #services ? 💬✨ #OfficeOfTheCFO #Innovation #FinTech #CapitalGrowth #Risk #Cashflow #Cash 

We've got a ton of insight for #middlemarket executives here and in this series at it evolves :) Middle-market businesses operate in an economic landscape marked by heightened uncertainty. Firms on the smaller end of the middle-market spectrum face the brunt of this unpredictability. This analysis, the first in PYMNTS Intelligence’s new “2024 Certainty Project,” examines the economic impact of uncertainty on these businesses, revealing essential insights for any business leader seeking to understand how to navigate dynamic market conditions. This monthly project rotates through CFOs, heads of payment and heads of operation to monitor trends and sentiment across the operation of United States firms with revenues between $100 million and $1 billion.

How much is your business worth?   This question is like catnip to any business owner and anyone who provides financial or M&A services to a business.   The answer is always "It Depends" and I love how this report breaks out recent valuations by industries, key employee turnover, and a range of value.   That wide range of value is determined by a number of factors many of which are listed at the top of the article.   Props to Patrick McMillan for sharing this and I concur with his assessment that a single report is not the same as a valuation. Seller\buyer beware! #businessvaluation #ebitda   https://lnkd.in/gTnsdS_E

According to Gartner, CFOs are facing a “deadweight” economy that challenges an organization’s ability to meet corporate performance expectations. They are confronted with an environment characterized by tepid demand growth, stubbornly high costs, and constrained access to capital. By addressing these 5 questions, a CFO can develop a robust financing plan that fuels growth and safeguards the company's future. Swipe left to know more. 👈 https://lnkd.in/gu_TRW2b #DebtMetrics #IndianBusinesses #YubiCreditMarket #DebtFinancing #TaxBenefits #FinancialRatios #DEratio #ICR #CurrentRatio #CFO #FinancingPlan #BusinessGrowth #DebtManagement #FinancialResilience

How can CFOs thrive amid economic and financial uncertainty? According to an article by CFO, there are three key strategies to consider. First, prioritize cash flow management. Ensuring sufficient liquidity is essential for dealing with unexpected challenges. Second, leverage technology. Adopting advanced tech can streamline operations and offer insightful data. Last but not least, capitalize on agility. Being adaptable to change can turn threats into opportunities. https://lnkd.in/e8MUiXDc #CFO #CFOStrategy #LeadershipTips

HOT OFF THE PRESS! RapidRatings in #BusinessInsider today, as our financial data was recently used by an asset management firm in an economic analysis that unveiled significant stress to the #middlemarket of the United States #manufacturing base, where smaller companies are getting squeezed with increased costs of capital and debt, along with inputs and labor. Do you know which of YOUR critical third-parties are in financial peril? We can help you to proactively understand and manage those risks. #RapidRatings