Financial technology is revolutionizing the way we do business, touching every aspect of how we handle financial transactions. We’re entering an era in which data transparency, peer-to-peer communication, and efficiency will elevate business to an entirely new level.
This is highly relevant to finance and treasury, and just as important to procurement because that’s where the business relationship starts.
In this rapidly evolving environment, the way you respond to change, and the opportunities change presents, can ultimately determine your company’s future.
Like C2FO, some of the firms on the 2016 Forbes Fintech 50 list focus on removing barriers to create seamless financial, security, data and HR transactions that make business easier. This is the common thread you see within fintech.
Simplicity matters because nobody has time to launch complicated systems that require extra people, training, IT support and time.
So heading into 2017, it’s time to set some goals. What better way to hit the ground running than to take some inspiration from how leading fintech firms are disrupting the status quo for the better? Here are a few companies from this year’s Fintech 50 list that provide interesting means of improving overall supply chain health, or the flow of working capital between businesses.
Chain is a technology company that partners with organizations to build, deploy and operate blockchain networks. This technology can give your business the ability to transfer financial assets in a highly secure environment, move money internationally more quickly or connect to other global networks that power the supply chain. Chain already has an impressive list of customers including Citi, Nasdaq and Visa. At C2FO, we work with businesses to free working capital that is trapped within A/P and A/R processing. With Chain technology, that cash could flow even faster. Cool idea.
First of all, we love that Gusto has a Chief Customer Officer and they have customer stories that back up their promise to automate HR complexity so users can focus on more meaningful work. At C2FO, we too offer a solution that lets our customers focus on growing their business. We make liquidity flow easily between businesses at a rate that works for everyone. With Gusto, by making the most complicated business tasks simple and personal, Gusto is re-imagining payroll, benefits and HR for modern companies. Many of our supplier customers could benefit from the simplicity and ease of Gusto. Nice work.
If you didn’t know this already, C2FO stands for Collaborative Cash Flow Optimization. Any company that can improve collaboration between companies gets our attention. Symphony, is the platform that powers work with secure messaging for teams, workgroups and organizations of all sizes. They focus on “vibrant communities” and in our world, the more teamwork between large corporates and their supply chain partners the better. We see this as the key to building trust and stronger partnerships. Encore!
We didn’t purposely choose companies to highlight that have only a one word name; it just so happens that many of the companies featured on this year’s Forbes Fintech 50 list have creative names that sound a bit edgy. This should not be associated with risky. Many of the firms on this year’s roster are backed by world-class venture capital firms and maintain global leaders as customers.
C2FO strives to be an agent of change in the fintech space, and we are delighted to have been named to the Forbes Fintech 50 list for the second year in a row. Only around half of the firms listed made the list again and only 20% were true B2B platforms that can help improve the flow of working capital for businesses. We’re thankful to all the customers who have made this honor possible and we’re eager to continue building our global marketplace to liberate working capital for all businesses.