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THE EXPERTS’ GUIDE TO FINANCE SYSTEMS
Your fintech firm is all about innovation. How do you apply back-office innovation to ensure your firm stays resilient in today’s economic climate?
FOR FINTECHS
contents
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Enlist our expert support
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Reduce costs and losses
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Balance growth and risk
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Why finance experts need finance systems experts
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Act smarter and faster
WHY FINANCE EXPERTS NEED FINANCE SYSTEMS EXPERTS
Source: CBInsights, State of Fintech, Q2 2023
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decrease in global funding from Q1 to Q2 2023, reaching lowest levels since 2017
As the finance leader in your firm, you’re an expert in all things finance. Your priority is to free up funds for innovations that are changing the face of financial services and to demonstrate profitability to secure funding and investment. But you have your hands full navigating the tough economic climate. And you need innovative finance systems to reduce risk, keep the business healthy and scale to new requirements. At FIS®, we understand these challenges and how the latest back-office technology can help fintechs survive and thrive. Now we’ve brought together the knowledge and toolsets of our own experts to help you reinforce your finance infrastructure and support strong growth.
Finance systems are the engine of your fintech firm. To drive growth, you need to fine-tune the balance between funding investment and innovation and meeting financial and compliance obligations. Liquidity is a priority, so cash must continue to flow smoothly while you control multiple risks. In challenging times, the right tools will keep you operating at the peak of your powers.
Source: McKinsey, Into the Storm: CFOs Pivot to Managing Financial Headwinds, December 2022
of finance leaders say rising interest rates and inflation are top impediments to company growth
By automating repeatable payment processes, you will not only improve cash flow but also rapidly reduce administrative overhead and make more cost-effective use of your team’s talents.
THE BENEFITS OF AUTOMATED CASH FLOWS
Rupert French, FIS payments expert
Digitize the credit-to-cash cycle
Streamline your AP process
Manage complex treasury risks
HOW WE CAN HELP
Learn more
With artificial intelligence, workflow and collaboration tools, fully automate your AR process and create a foundation for continuous improvement in working capital and cash flow.
FIS® GETPAID
Execute AP payments globally through a single online portal to mitigate fraud risks, reduce costs and earn revenue share on qualifying electronic and card payments.
FIS® Integrated Payables
From currency hedging and interest rate derivatives to risk scenarios, fulfil all of your risk management needs, control and monitor real-time risks and run risk reports.
FIS® Treasury and Risk Manager
Finance professionals can’t facilitate growth without a crystal-clear, forward-looking view of cash flows and performance. But when data is fragmented across disparate systems and banking relationships, it takes time to crunch the numbers and build a true picture. For timely, accurate budgets and forecasts, and fast, informed decisions, more businesses are now streamlining and centralizing complex treasury and payment processes and simplifying bank connectivity with APIs.
Thomas Jerolitsch, FIS enterprise treasury expert
As well as simplifying connectivity with ERPs, banks and multiple payment providers, a centralized payment platform helps treasurers gain a clearer view of all their cash flows, increase control over key processes, reduce payment costs and improve liquidity risk management and reporting capabilities.
HOW CENTRALIZATION IMPROVES VISIBILITY AND CONTROL
Watch FIS enterprise payments expert Rijuta Jain explain the advantages of APIs for managing corporate payments.
APIs FOR PAYMENTS AND BANK CONNECTIVITY
Simplify bank connectivity
Modernize corporate payment processes
Improve visibility and control
Digitize payments and bank reporting to reduce complexity, improve visibility of cash flow for better liquidity management, and lower operational and transaction costs.
FIS® Payment Hub
Bring together disparate data sources and information into a single, customizable desktop for a one-touch, real-time snapshot of global risk and liquidity positions, plus sophisticated scenario analysis.
Through a secure managed cloud-based solution and bank communications channel, take care of all the administrative and compliance requirements of connecting to banks.
FIS® Swift Services
As rising prices stretch budgets, finance professionals are under pressure to manage operational overhead and costs and prevent losses from fraud. The more finance processes you can run with one technology provider, supported by cloud-based managed services, the more efficiencies you can gain. And with advanced treasury management systems, you’re also in a stronger position to optimize working capital, gain economies of scale and eliminate fraud.
A digital treasury and payments platform gives opportunities to save costs by reducing manual processes, optimizing working capital and establishing an in-house bank to minimize the number of banking relationships and centralize foreign currency hedging. “Firms can also greatly improve the security of their payments infrastructure by incorporating best-in-class digital controls for fraud prevention and cybersecurity.
INCREASING EFFICIENCY AND SECURITY WITH INTEGRATED SYSTEMS
Hear FIS cloud and managed services expert Tara Winters discuss real-world examples of how firms are using the cloud to both drive down costs and support growth.
SAVING COSTS AND IMPROVING AGILITY IN THE CLOUD
PwC Pulse Survey, 2022
of CFOs are deploying new cost-cutting measures
Crack down on fraud
Reduce total cost of ownership
Offload IT responsibilities
Create standardized workflows and controls for corporate payments to help slash fraud and errors, and consolidate bank communication flows to strengthen your security.
Integrate and streamline key processes, from cash positioning and forecasting to bank account administration, and access advanced tech in the cloud without capital investment.
Lighten your workload with managed infrastructure and support that simplifies your IT environment with improved stability, security and staffing.
FIS® Managed IT
ACHIEVE YOUR FINANCE VISION WITH FIS
A streamlined finance system positions the finance function as an integral cog in the success of a fintech and helps the finance leader orchestrate the next stage of growth for the firm. With our ecosystem of financial technology and services, FIS is the experts’ expert and the innovators’ innovator. Your back-office challenges are our challenges to solve, and we can partner with you to provide a strong, futureproof foundation of finance systems. As a single provider of your back-office technology and the world’s #1 financial technology provider, we can help you stay resilient and thrive with less cost, effort and risk.
ENLIST OUR EXPERT SUPPORT
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About FIS
FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world’s economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, system performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index.
Target costs and losses
Why finance experts need transformation experts
poweringfintechs@fisglobal.com
