It may sound Delphian but volatility is a permanent and indefeasible feature of modern economy and all its derivatives. Every minute and day huge corporations and small businesses bear losses connected with currency devaluations, fluctuations in commodity prices and interest rates.
The only ones who take situation under control are proactive CFOs and managers that have adopted modern technologies in the sphere of SaaS (Software as a Service) financial apps that alleviate the consequences of any alterations that happen in the marketplace from time to time.
The seven-mile advances in technology have made this process not manual any longer. SaaS financial apps assist companies to hedge their exposures and manage their task rather effectively.
Born out of a powerful combination of Predictive Analytics, Big Data software, Cloud Technology and Mobility, SaaS financial apps have become the so-called “long-hoped for” medicine locally and worldwide.
Some argue that hedging programs are rather costly and time-consuming and that the game is not worth a candle. To some extent, this is true, as some exposures cannot be hedged or the hedging cost of currency involved is too high and is not worth hedging. But for other market players where “stakes are high”, SaaS financial apps and hedging programs are essential and serve as an airbag.
So, what are the advantages that SaaS financial apps deployment entails?
2. Improved planning, accounting, budgeting and analytics processes.
3. Instant access to real-time financial info.
4. Mobile-access performance management.
5. Significant cost reductions.
6. Audit interpretations and expectations.
In brief, SaaS financial apps gather huge volumes of internal and external data and analyze it in real-time mode delivering results using mobile technology and rich visualizations. Moreover, based on these results CFOs make predictions, take decisions on- the- fly and are never caught off-guard. What is more surprising, proactive CFOs derive revenues out of decline in foreign currency exchange rate and, thus, not only hedge their exposures but also make profit.
SaaS financial applications give brilliant opportunity to anticipate devaluations and forecast exposures with confidence. They will equally serve for a large corporation and for a medium-size business.
Not sure whether SaaS financial app will serve your business?
Elinext Group, having broad expertise in SaaS technologies, will be glad to offer you a great range of Solutions for your SaaS financial app deployment performing functions of exposure identification, risk management, derivative accounting, performance reporting, and regulatory compliance and audit support.
You can also do a trial from a specific function like tax or treasury and then move further towards the deployment of SaaS financial application for all your business processes.
In today’s promptly changing economic environment it is better to be fully-equipped not with a sword, but with technology and special software. It works better and bears real fruit.
Industries and Technology Areas
Technology Areas: software as a service, mobile and web application development