How Can a CFO Leverage FinTech Trends in Financial Management?

One of the core tasks of CFOs is being able to effectively manage their company’s finances.  
 
Their responsibilities range from being able to properly account for all transactions and overall cash flow, ensure accurate financial data, as well as handle all financial matters such as investments, building a company’s financial portfolio and the like. 

Benefits of Financial Technology  
 
Modern CFOs who are looking to further improve their financial management can incorporate FinTech trends such as online banking, payments and investment opportunities into their everyday workflow. For example: 

Adopting Online Payment Methods 

Integrating online banking in the form of online payments for your company’s transactions effectively widens the range of consumers that can avail yourself of your products and services. 

Online payment methods also allow for accurate and real-time tracking as each transaction will have a corresponding reference number along with the exact amount, date and time it occurred, giving your company accurate financial date for financial management and audit purposes. 

Investment Opportunities 

With FinTech, the movement of money has become more flexible. This allows you to diversify your company’s financial portfolio. You can investigate worthy investment opportunities and employ the ease of online methods to build an impressive portfolio. 

Secured Finances 

One of the greatest benefits that technology has given us is the ability to secure our data – the same can be said with a company’s finances.  

By employing FinTech trends such as cloud accounting and AI for fraud detection, companies can give their finances an added layer of security and minimize any risks and vulnerabilities. 

Stay on Top of the Latest Finance and Accounting Trends Today! 

D&V Philippines has made it a priority to stay on top of all the developments in the finance and accounting industry. With our readiness to adapt to any changes in the field, we are equipped with the necessary tools to help companies achieve success. Contact us today and we’ll help you find the right solution for your needs.  

Download our Outsourcing: How to Make it Work guide today and find out how we provide quality and secure services.