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HGP – Cloud Elements Helping Companies Go Digital by Intelligent Integration
Sometimes it takes an unstoppable force to drive significant change. That’s unfortunately the case at the moment, with the current virus forcing just about every company in the world to “go digital,” and quickly. But digital is in line with most customers’ preferences in most market segments and, enforced or not, moving processes so that they’re more streamlined and integrated digitally is increasingly important for businesses.
More in line with the conservative reputation that financial businesses seem loathe to shake off, corporate banking has been slower to acclimatize to the technological landscape. But perhaps now is the time to change all that?
Winning with integration
Technology need not be ground-breaking nor untested to be impactful. While the technology press might be examining quantum computing or artificial intelligence and finding startup disruptors to profile, the truth is that the correct and judicious application of a little of the right technology can have a great deal of positive impact.
That’s especially true where there’s manual processing, data entry, and repetitive human labor involved. In many businesses, procure-to-pay, and accounts payable are still dominated by manual handling, despite the presence of powerful ERPs, financial planning applications, business intelligence software, and so on.
With help from leading partners in the financial technology space like Cloud Elements, many companies are successfully leveraging relatively simple yet incredibly powerful technologies in APIs (application programming interfaces) and automation. Thousands of specialist applications are automating manual processes and offering new insights, faster. Each offers APIs but increasingly, they need to deliberately ‘speak’ with each other to fulfill their promise and deliver the end-to-end experience stakeholders, partners, and customers want.
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