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CashAnalytics has officially achieved “Built for NetSuite” status. “With the CashAnalytics SuiteApp, NetSuite users can spend less time crunching the numbers and more time analysing cash flow”, says Conor Deegan, CEO & Co-founder at CashAnalytics. By leveraging real-time data from NetSuite, CashAnalytics helps finance teams spend less time manually compiling data and more time managing cash flow and guiding financial strategy. Read last week’s press release below.
New SuiteApp for cash flow management meets Oracle NetSuite SuiteCloud Platform development standards and best practices
DUBLIN, Ireland – June 29, 2022 – CashAnalytics, a cash flow management platform for expanding businesses, today announced that its SuiteApp has achieved ‘Built for NetSuite’ status. The new SuiteApp, built using the Oracle NetSuite SuiteCloud Platform, enables businesses to adapt and thrive by helping them improve cash flow and stay in control of their liquidity.
“With the CashAnalytics SuiteApp, NetSuite users spend less time crunching the numbers and more time analysing cash flow,” said Conor Deegan, co-founder & CEO, CashAnalytics. “CashAnalytics enables businesses to see their cash position across the business with one click or drill down at the transaction level in an instant. This increased visibility helps uncover new ways to improve business performance and helps leadership make confident decisions.”
By leveraging real-time data from NetSuite, CashAnalytics helps finance teams spend less time manually compiling data and more time managing cash flow and guiding financial strategy. The cloud-based platform provides a complete view of a business’s current and future cash position by simplifying and automating the process of cash forecasting and liquidity planning. By reducing administrative tasks, CashAnalytics enables finance teams to confidently plan for what’s ahead with less work.
“Businesses must effectively manage cash flow to maintain daily operations and adapt to changing business conditions,” said Guido Haarmans, VP, SuiteCloud Developer Network and Partner Programs, Oracle NetSuite. “This new SuiteApp extends our robust solution for cash flow management, helping NetSuite customers to further automate cash flow management and forecasting.”
Built for NetSuite is a program for NetSuite SuiteCloud Developer Network (SDN) partners that provides the information, resources, and methodology required to help them verify that their applications and integrations meet NetSuite standards and best practices. The Built for NetSuite program is designed to give NetSuite customers additional confidence that SuiteApps, like CashAnalytics, have been built to meet these standards.
Oracle NetSuite’s SuiteCloud platform is a comprehensive offering of cloud-based products, development tools, and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, the industry’s leading cloud-based financials / ERP software suite, SuiteCloud enables customers to run their core business operations in the cloud, and software developers to target new markets quickly with newly-created mission-critical applications built to extend the power of NetSuite.
The SuiteCloud Developer Network (SDN) is a comprehensive developer program for independent software vendors (ISVs) that build apps for SuiteCloud. All available and approved SuiteApps are listed on SuiteApp.com, a single-source online marketplace where NetSuite customers can find applications to meet specific business process or industry-specific needs. For more information on SuiteCloud and the SDN program, please visit https://www.netsuite.com/portal/developers/overview.shtml
CashAnalytics is a cash flow management platform for growth-focused businesses, designed to help treasurers and finance managers improve their free cash flow and stay in control of their liquidity as their business continues to expand. By automating the administrative tasks that cause cash and liquidity forecasting to take unnecessary time and effort, CashAnalytics enables finance teams to focus on adding real value to the business. The CashAnalytics software helps them take control over their working capital and assists them to achieve clear visibility of their cash situation.
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27-06-2022 | treasuryXL | CashAnalytics | LinkedIn | Data-driven cash flow forecasting is typically highly automated. Automated data heavy lifting and analysis are necessary to make the process sustainable. Read now the latest section of this guide to adopting data-driven cash forecasting in your business.
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Revolutionizing Global Liquidity Management for Treasury and Finance
Treasury Intelligence Solutions (TIS), a global leader in enterprise payment optimization, today announced their acquisition of Cashforce, an AI-powered provider of cash management and forecasting solutions.
This acquisition will see Cashforce’s leading cloud solution – currently deployed at many of the largest and most sophisticated corporate treasuries in the world – become integrated with TIS’ SaaS payments platform. This unified solution will provide enterprises with an unmatched suite of capabilities for cash management, global payments, and fraud mitigation along with superior connectivity, workflows, and reporting functions.
Over the past few years, TIS and Cashforce have collaborated closely to provide a complementary offering for treasury and finance teams. These efforts were met with immediate success in the market as demand for improved cash management and forecasting tools has risen sharply. Now, TIS’ acquisition of Cashforce presents the perfect opportunity to integrate both products together as part of a more complete offering.
For the thousands of enterprise treasury and finance practitioners who currently use TIS, this acquisition provides access to faster and more accurate cash reporting, forecasting, and working capital management. To date, cash positioning and forecasting are still being performed manually by many treasury groups, which represents a major pain point for CFOs and business leaders when attempting to make strategic financial decisions. However, the robust capabilities provided by Cashforce eliminate many of these inefficiencies and ultimately enable companies to gain quick and accurate insights into their financial position based on reliable payments and liquidity data.
According to Erik Masing, Group CEO of TIS, “Cashforce has been a premier partner of TIS for several years and has contributed significantly to the cash forecasting and management capabilities we offer clients. The acquisition is a natural extension of our business and will allow TIS to further integrate Cashforce’s solution with our platform in order to offer advanced forecasting and data management capabilities to all our clients. This means enterprises can significantly reduce complexity in their global payments and cash management tech stacks by leveraging standardization and transparency afforded by a single, elegant solution.”
For Cashforce, the acquisition means that existing clients can now supplement their robust forecasting capabilities with TIS’ industry-leading payments and bank connectivity features. As explained by Nicolas Christiaen, Founder and CEO of Cashforce, “Giving businesses complete visibility over their cash and liquidity data has always been the core objective of Cashforce. While we have spent years perfecting our capabilities in this regard, TIS has been strengthening their suite of payments, bank connectivity, and cash management tools. When combined, these two sets of capabilities form the ideal solution for global treasury and finance teams to achieve full control and visibility over their entire payments and liquidity architecture – including all entities, back-office systems, and banks.”
With the added capabilities of Cashforce’s solution, TIS now offers a single, scalable cloud platform for clients to address needs in the following areas:
- End-to-end payment processing and bank statement management
- Global bank connectivity and financial messaging
- Real-time cash positioning and liquidity management
- Multifaceted cash forecasting, cashflow analytics, and working capital management
- Bank account management and bank documentation management
- Payment compliance and sanctions screening control
- Treasury security, regulatory compliance, and fraud mitigation tools
For more information on TIS’ acquisition of Cashforce and the advantages our combined solution will provide to enterprise treasury, finance, and executive teams, contact us at [email protected] or by using the information found on our website.
TIS is reimagining the world of enterprise payments through a cloud-based platform uniquely designed to help global organizations optimize payments, manage cash visibility, and mitigate risk. Corporations, banks, and business vendors leverage TIS to transform how they connect global accounts, collaborate on payment processes, execute outbound payments, analyze cash flow and compliance data, and improve critical outbound payment functions. With $2 trillion in payments processed annually, the TIS corporate payments platform helps businesses improve operational efficiency, lower risk, manage liquidity, gain a strategic advantage – and ultimately achieve enterprise payment optimization.
Visit us for more information at https://www.tispayments.com.