SaaStr’s Post

It’s a hot topic right now – should finance teams stick with human expertise or lean into automation? A recent study shared by FF News | Fintech Finance shows UK businesses are split right down the middle: 💼 47% prefer human-led financial processes. 🤖 53% are all-in on automation for better efficiency and accuracy. At bluQube, we think the answer isn’t one or the other – it’s both. Automation is great for crunching numbers and handling repetitive tasks, but humans bring creativity, strategy, and big-picture thinking that no machine can replicate. With bluQube’s accounting software, we’re building a future where humans and machines work together to make finance smarter, faster, and easier. 💬 What about you? Do you trust the machines, stick with people's power, or prefer a mix of both? Read the full article here; https://lnkd.in/ethccYkT #AccountingSoftware #FinanceInnovation #Automation #HumanTouch

The tools keep coming. Over the last month I have met with or heard of several new companies and thought I would share about them. Bunker - I chatted with one of the founding members of Bunker, Aditya Jain. Bunker is a startup aimed to help you gain greater invisibility and insights into your accounting data. Their goal is to help you turn your financial data into cost-saving decisions. JustPerform - I learned about Just Perform from BPM as it was a highly related tool. I have the opportunity to chat with one of the founders Shameek Bhushan and got a quick demo of the tool and will be doing a deep dive soon. They have a strong presence in Asia and are looking to expand. Iris Finance - This is a new consumer-brand-focused planning tool that just came out of stealth. I had the opportunity to chat with the CEO, Andrew, and I am excited to see more industry-focused planning tools as I always like to see when tools solve for very specific use cases. Dynac Inc. - I chatted with the CEO of Dynac, Gary MacFarlane. This is a tool that has been in the market for a long time but was one I was not familiar with so it was good to learn about them. They have a long track record of supporting companies and providing finance and operational planning support. Rain Technologies Inc. recently launched Pluvo, a tool designed for the SMB market. This is one I am still trying to get a demo of, but it was recently added to my list of tools. They are farily new and appear to have many of the features you would expect from a midmarket planning tool. In addition to the I am excited to share QFlow.AI. QFlow.ai - I am excited to see them grow and develop and wanted to share they are the new premier sponsor of Future Finance. The top AI and technology podcast with your co-hosts Glenn Hopper and Paul Barnhurst, The FPandA Guy. They are your Go To Market Finance Co-Pilot focused on helping you deeply understand and manage your revenue planning. I am sure I missed a few companies as I talk to a lot but wanted to share a few I have seen and next I will share many of the different AI finance tools I am learning about. It is an exciting time as the technology keeps getting better.

Like Paul Barnhurst, The FPandA Guy shares, at Dynac we specialize in bridging the gap between finance and operations. Our software provides real-time visibility, accurate financial modeling, and collaborative planning. Contact us to discover how Dynac can empower your decision-making process! 😊 #Software #FinancialPlanning #Forecasting #Budgeting #Automation #Customization

We wrapped up our recent event with two crucial questions for finance teams. Here's what attendees had to say: Question 1: Do you think your finance team would benefit from embracing tech such as AI, automation, and integrations? 👍 Yes: 96% 👎 No: 4% Question 2: What are the main things that hold your organisation back from embracing technology? 👉 Lack of time/resources: 59% 👉 Budget: 52% 👉 Fear of change/the unknown: 37% 👉 Lack of company buy-in: 29% The overwhelming "Yes" (96%) to Question 1 reveals that most finance teams recognise the potential benefits of AI, automation, and integrations. However, responses to Question 2 emphasise the practical obstacles preventing adoption. Limited time, resources, and budget pose the greatest challenges. Additionally, fear of change and lack of company-wide buy-in remain significant barriers, highlighting the need to tackle both technological and cultural hurdles. What are YOUR biggest barriers to tech adoption in finance? Share in the comments! #fintech #finance #automation #ai #digitaltransformation

Basware’s New GenAI Tool Transforms Insights for CFOs Read more:- https://lnkd.in/gvsigdcN #genai #fintecbuzznews #ftb #fintech #financialtechnology #fintecbuzz

They say 7 is the number of greatness—from the 7 Habits of Highly Effective People to the world’s top athletes who swear by their lucky 7. So, we’ve taken a page out of that playbook and uncovered 7 ways AI simplifies reconciliation for finance teams. In our latest blog, we explore the 7 game-changing ways AI transforms reconciliation, including: ✨ Automating repetitive tasks to free up valuable time. ✨ Real-time discrepancy detection to eliminate costly errors. ✨ Streamlined workflows that make end-of-month closures a breeze. ✨ Advanced analytics for deeper insights into your financial data. If 7 is the number of champions, isn’t it time your finance team joined the winning streak? 👉 Read the full blog here: https://lnkd.in/dBwS9a_C #FinanceTransformation #AIinFinance #ReconciliationSimplified #LuckySeven #Paymentreconciliation #Paymentoperations #artificialintelligence #aiml #Financeoperations #Fees #paymentinsights #paymentdatamanagement #paymentanalytics

Basware’s New GenAI Tool Transforms Insights for CFOs Read more:- https://lnkd.in/gvsigdcN #genai #fintecbuzznews #ftb #fintech #financialtechnology #fintecbuzz

“Broken processes + new technology = expensive broken processes.”  -Catherine Marks … I loved this! Maxio was a platinum sponsor of GrowCFO’s Global Finance Summit, which happened this week.  Earlier today, I attended the webinar on "Marketplace Tools for Automation & AI in FP&A" with Paul Barnhurst, The FPandA Guy and Catherine Marks. At Maxio, I see the benefit of leveraging tech to boost efficiency and accuracy from our customers on a daily basis. Still, I loved hearing how others think about it in this space. My key takeaways: 👉 Small businesses are adopting advanced tools sooner than they have in the past. Paul attributed this to the “explosion of data.” Companies used to “get by” with spreadsheets longer than they can today.  👉 I’m a spreadsheet lover, but… they fall short in scalability, integration, and security regarding financial operations. 👉 Technology can significantly enhance efficiency, but only when the right people and processes are in place. Achieving the right balance is crucial to seeing real benefits. The idea of embracing tech to breeze through financial operations ties perfectly into a webinar we’re hosting next week, "How to Avoid Order-to-Cash Mistakes." We’re discussing the benefit of automation to avoid common pitfalls with the order-to-cash process (think: revenue leakage, losing investor/board trust, failed financial audits) and the process improvements you can make now to ensure your future tech investments truly pay off. 🗓️ Register now to save your spot: https://bit.ly/3K6PdRi #growcfo #b2bsaas

If driving purposeful work and retaining valuable employees are prioritized, leveraging next generation tech is a way to ensure YOUR finance team can buck the flight risk statistics highlighted here.

Register here → bit.ly/3Uxlg1h The complexities of managing company expenses on a large scale pose challenges for most businesses. Legacy corporate cards and expense software with limited automation and visibility create inefficiency and waste. Don't miss this exclusive opportunity to learn from Erik Zhou, Chief Accounting Officer at Brex, on June 13th during this virtual wine-tasting session, and discover how you can: - Ensure transaction security - Implement control measures at any level - Automate compliance tasks - Track budgets and expenses in real-time - Streamline employee reimbursements Admission is complimentary for eligible participants. Sonali Singh Shubham Vernekar Senjuti Ghosh Saket Bengani Sandeep Sivaram Mitch Speers Ashutosh Prasad #CapitalManagement #FinanceInsights #DigitalPayments #ExpenseManagement #FinancialStrategy #ProcurementOptimization #SmartSpending #FinancialControls #ProcurementStrategy #BusinessGrowth #SmartProcurement #ExpenseOptimization #FinancialDecisionMaking #AI #Automation