Featured Vendors (April - June)

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Featured Vendors (April-June) -2023

The recent shifts in technology, regulations, and global events have propelled the financial landscape to change at a dizzying pace. Whether it is a large multinational firm or a small community institution, organizations need to revisit their financial plans and gear up for what lies ahead. At most financial companies, a digital future—or the digital transformation as we call it—prompt concern regarding the legacy systems and processes latency in innovation. But the opportunities to unlock powerful business insights and enhance productivity certainly exist with data analytics, artificial intelligence (AI), and digital labor. A smart move for financial institutions would be to put money into AI and cognitive computing, which have the potential to create savings and improve customer experience.

As the demand for increased operational efficiency sweeps across the finance market, AI is a worthy investment to create intuitive strategies for yielding a superior business workflow. Another technology that is in the finance industry’s purview is blockchain. From smart contracts and programmatic interconnectedness for information exchange to anti-money laundering (AML) and know your customer (KYC) initiatives, blockchain covers it all. As money moves more quickly, detecting and inhibiting fraudulent transactions takes on increased urgency. As such real-time fraud detection is gaining prominence in the financial services sector, leveraging which financial institutions can validate, account, and identify frauds during payment processing in seconds.

Information, as always, is the first step toward prevention. Today’s fraudsters are always on their feet, agile, and increasingly adept at finding new ways to penetrate into organizational security frameworks. The inclination of most millennials to rely on digital wallets along with the cryptocurrencies has given rise to a fertile ground for data breaches and fraudulent activities. Against this backdrop, balancing rapid, frictionless payments and effective security measures is of utmost importance. If the financial institutions are looking to expand their digital ecosystems, the best approach would be to build agile, adaptable, and feature-rich APIs that deliver quality banking, and reliable upfront security measures.

In helping businesses choose from a pool of noteworthy options, CFO Tech Outlook has compiled valuable insights from industry thought-leaders and listed the ten most innovative and proficient financial solution providers in 2023.

    Featured Vendors (April - June)

  • Accrualify
    Accrualify

    The accounts payable solution provider, Accrualify is a robust platform developed for enterprise-level accounting teams that function on the accrual method of accounting. Accrualify Purchaser saves the accounting department’s time and frustration by automating month/quarter-end accrual processes. They automatically tie in vendors to specific purchase orders, mass request accrual estimates, and invoices, manage purchase orders and send invoice payments all through a single platform. The mission at Accrualify is to leverage AI and ML to address the many pain points corporate finance organizations face daily

    www.accrualify.com

  • Artsyl Technologies, Inc.
    Artsyl Technologies, Inc.

    Artsyl, the accounts payable solution provider, develops Smart Process Technology to Power Process Improvement. Smart Process Technology reduces business process costs, improves data accuracy, speeds workflows, integrates data with applications, enhances visibility, and ensures compliance. Artsyl has been solving complex customer business process problems with its robust, flexible, and intuitive technology. Global companies like World Vision rely on Artsyl to improve their operations. With powerful features such as Multi-Channel Capture, Automated Document Classification, Advanced OCR Extraction, Text Recognition, Rules-Based Validation, Approvals/Escalations, Notifications, and Data Integration Artsyl can streamline virtually any business process

    www.artsyltech.com

  • AvidXchange
    AvidXchange

    AvidXchange revolutionizes the way companies pay their bills. It is an industry leader in automating invoice and payment processes for midmarket companies spanning multiple industries including Real Estate, Financial Services, Energy, Nonprofit, and Construction. When accounts payable processes are paper-based companies waste their time chasing approvals, cutting checks, and answering inquiry calls from vendors. AvidXchange gives them the power to automate manual tasks and spend your time doing more valuable tasks. The company was recognized as one of the 50 fastest-growing private companies in the Charlotte area for four consecutive years

    www.avidxchange.com

  • Comdata
    Comdata

    For over 45 years, Comdata has been a leading provider of innovative B2B payment and operating technology. They combine the unique capabilities in technology development, credit card issuing, transaction processing, and network ownership. The combination helps the clients to build electronic payment programs that positively impact their bottom line and operate their businesses more efficiently. The company continuously evolves the products by focusing on their customer’s needs to provide security, accessibility, and profitability. As a division of FleetCor Technologies, Comdata is part of one of the largest payment companies in the world

    www.comdata.com

  • EML
    EML

    With payment solutions from EML, companies can empower with more control, transparency, and flexibility over the payment processes. EML makes the payment process more efficient and secure from start to finish while helping to improve customer service and increase brand loyalty. The company’s portfolio offers innovative payment technology solutions for payouts, gifts, incentives and rewards, and supplier payments. They issue mobile, virtual, and physical card solutions to some of the largest corporate brands around the world, process billions of dollars in payments each year, and manage more than 1,100 programs across North America, Europe, and Australia

    www.emlpayments.com

  • OnPay Solutions
    OnPay Solutions

    As an accounts payable solution provider, OnPay Solutions automates, streamlines, and optimizes client’s accounts payable payments and processes. Their bank-level data security eliminates risks of fraud and data breach. Their accounts payable platform guarantees immediate ROI. With a single file upload, the company securely automates all the payments such as checks, ACH, wire transfers, and virtual cards. OnPay Solutions have a clear, transparent, and comprehensive, 4-tier pricing structure based on the volume of remittance lines. It allows users to create an account and start using our invoice clearing automation platform within minutes

    www.onpaysolutions.com

  • P2D
    P2D

    P2D is a unique business services company specializing in document solutions that turn ‘paper to data.’ It is a UK-based business services company specializing in digitizing and exchanging commercial documents electronically such as invoices, purchase orders, and expense claims. The company performs by automating conventional business processes with a secure, HMRC, and tax compliant service. P2D customers can reduce cost, enhance profitability, increase efficiency, ensure compliance, optimize IT, and be sympathetic to the environment. The company’s solutions are entirely web-based and are provided to their customers on pay for usage basis allowing flexibility and control

    p2dgroup.net

  • Procurify
    Procurify

    The vision at Procurify is to reinvent the way organizations spend. They strive to achieve the vision by helping companies and organizations across the world get more from their spending. The company works with organizations by assisting them in understanding and aligning their organizational spending with their core values and business objectives. They give ample amount of dedication to the customer experience through quality features, user-experience, and customer success. Clients receive personal and professional growth across all aspects of Procurify’s business. They continuously challenge destructive and unsustainable business practices to stand firm as an accounts payable solution provider

    www.procurify.com

  • Sciomagis
    Sciomagis

    Sciomagis is a company that specializes in providing information business solutions as well as developing and maintaining custom information systems. Their expert competencies are in the field of document and process management systems. They have provided solutions in archiving, accounts payable, sales automation, client relationship management, and other areas. One of their products, Sky.Flow helps the client, business processes with the dynamic, no-coding platform. It enables them to create workflows, data, forms, and all other related properties of the business process and run them immediately using a simple and modern web interface

    sciomagis.com

  • Corcentric

    Corcentric

    Corcentric is a leading provider of procurement and finance solutions that transform how companies purchase, pay, and get paid. Corcentric’s procurement accounts payable and accounts receivable solutions empower companies to spend smarter, optimize cash flow, and drive profitability. The company was named as one of the ’50 Providers to Know’ of 2019 by Spend Matters and a leader in IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Payable Automation 2019. Since 1996, more than 6,000 customers from the middle market to Fortune 1000 have used Corcentric to reduce costs and improve working capital