Fintech PR
Basware’s New GenAI Tool Transforms Insights for CFOs
New ‘CFO Cockpit’ with GenAI can save financial professionals hundreds of hours a year
CHARLOTTE, N.C., Oct. 29, 2024 /PRNewswire/ — Basware, the global leader in accounts payable (AP) automation and invoice processing, has upgraded its analytics platform with GenAI to deliver Basware Insights. The latest innovation will transform how finance teams analyze, manage and report on their AP processes.
Basware Insights not only addresses a crucial reporting challenge faced by finance leaders, but also provides real-time analysis and actionable insights, enabling finance teams to streamline operations and maximize their team potential.
Addressing Financial Visibility Gaps
CFOs often struggle to gain visibility into key financial processes across their business, leaving critical questions – from process performance to areas of improvement – unanswered. In addition, they are also tied up with financial reporting, both internally to the boardroom and externally to federal tax authorities. Publicly listed businesses are mandated by the SEC, London Stock Exchange, and other regulatory organizations to release quarterly and annual financial records to shareholders.
Transforming AP Team Efficiency
Adding to the challenge, AP Managers also have their own reporting demands to track and improve KPIs for their teams. More than 50% of AP leaders are actively looking to improve their reporting and analytics to stay on top of their data, according to a benchmark report.
With 84% of a typical AP practitioner’s day spent on manual tasks, including data collection, consolidation, analysis and reporting, Basware Insights offers a solution, providing complete coverage of AP operations combined with AI-powered, real-time insights.
Natural Language Processing Meets Financial Analytics
The Basware Insights platform – which enables AP leaders to ask questions in natural language and receive tailored insights in return – transforms the way that customers and finance departments analyze and interact with data. It provides an easy-to-use, customizable dashboard with AI-driven insights. It also provides data-driven benchmarking for industry-specific insights and specialized reporting capabilities, all of which drive long-term business growth. With GenAI, it will constantly learn and improve the underlying data over time.
Key Metrics with ‘CFO Cockpit’
With Basware Insights, finance leaders can use the ‘CFO Cockpit’ to monitor key metrics such as touchless invoice rate, providing visibility over manual or human intervention throughout the invoice process, and retrospective POs (POs created after the invoice is sent), helping CFOs manage spend control and analyze the invoice process in-depth. The CFO Cockpit gives CFOs visibility into essential financial and operational metrics to optimize overall financial performance.
Perttu Nihti, Chief Product Officer at Basware, commented on the reporting product innovation:
We live in a fast-paced environment where CFOs and finance leaders expect to run financial numbers from various places and create one, easy-to-use report. Basware Insights lowers the barriers that finance teams face with data, not only providing fast reporting, but also fast insights. Our Insights dashboard is the go-to GenAI-powered invoice analytics solution, allowing finance teams to transform the way they interact with data and meet their strategic AP goals. These capabilities help our customers on their journey towards achieving 100% touchless invoicing, positioning us as leaders in innovative invoice analytics. This latest release has been built in collaboration with some of our top customers, ensuring we’re delivering a solution that truly meets the needs of the market.”
Insights builds on Basware’s wider AI strategy, hiring Director of AI Anssi Roukonen to oversee AI innovation, as well as launching AI Copilot AskMary and AI-powered fraud prevention and overpayment tool AP Protect, to help streamline the office of the CFO.
About Basware
Basware is how finance leaders in global enterprises can finally automate their complex, labor-intensive invoice processes and stay compliant with regulatory change. Our AP automation and invoicing platform helps you achieve a new level of efficiency – in a matter of months – while reducing errors and risks. We bring a unique combination of true automation, complete coverage, and deeper expertise to make it all just happen for our customers. That’s why the world’s most efficient AP departments at thousands of companies rely on Basware to handle over 220 million invoices per year. With Basware, Now it all just happens.™
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View original content:https://www.prnewswire.co.uk/news-releases/baswares-new-genai-tool-transforms-insights-for-cfos-302288814.html
Fintech PR
Oxford don Levy’s VC-think-tank Blue Capital announces Hon. Hugh E. Powell as Partner
Powell is former Advisor to UK Prime Minister David Cameron.
SAN FRANCISCO, Jan. 6, 2025 /PRNewswire/ — Blue Capital, the VC-think-tank firm, has appointed The Honorable Hugh E. Powell as Partner. Powell has served as Advisor for more than a year, providing strategic guidance and now accepts this enhanced role.
“We are enthusiastic to welcome Hugh as Partner,” said Matthew Chase Levy, General Partner of Blue Capital. “His expertise and capabilities will be invaluable as we continue to identify and support the most promising efforts in the sector. Hugh is deeply aligned with our mission to accelerate the transition to a more powerful and secure energy future. I have personally learned a great deal from him during his time advising and look forward to our greater partnership.”
The Hon. Hugh E. Powell brings diplomatic acumen and strategic insight to Blue Capital. As the former Deputy National Security Advisor of the UK under Prime Minister Lord David Cameron, he possesses a deep understanding of the geopolitical landscape and the critical role of energy security in global stability. His experience in navigating complex international relations has been instrumental in guiding Blue Capital’s investment strategy and fostering partnerships across borders. Powell served in Helmand, Afghanistan, and previously in the embassies in Berlin and Paris. He also spent 4 years as an adviser to Macquarie Bank. “I am deeply honored to join Blue Capital as a Partner,” said Powell. “Matthew and the team have built something truly special – a firm with not only a clear vision for the future of energy but also the expertise and network to make that vision a reality.”
Blue Capital was founded by Matthew Chase Levy, Honorary Fellow of Wolfson College, Oxford, the youngest Don in the Fellowship’s history. Levy is the first American physicist to be Sir Isaac Newton Fellow in The Royal Society, an institution re-founded in 1662 by King Charles II.
“The appointment of Hugh as Partner has significantly strengthened Blue Capital’s capabilities. We are honored to have him and his support” said Levy. “Finally, I am grateful to Hon. Jo C. Bamford for his firm’s advice to consider to re-brand to Blue Capital. We admire its elegance.”
About Blue Capital:
Blue Capital is the VC-think-tank that invests in people working to defeat existential threats using free markets. The first to combine a think-tank with a VC, Blue Capital both writes and invests in topical sectors that include fusion power, sustainable energy, and job-positive artificial intelligence. Blue Capital’s strategy is oriented to achieving attractive financial returns whilst increasing the use of responsible power.
Web: www.aeblue.com
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View original content:https://www.prnewswire.co.uk/news-releases/oxford-don-levys-vc-think-tank-blue-capital-announces-hon-hugh-e-powell-as-partner-302342703.html
Fintech PR
Zoomlion Accelerates Global Expansion with Localized Innovations in Saudi Arabia
RIYADH, Saudi Arabia, Jan. 6, 2025 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”, 1157.HK) successfully hosted a key account networking and technology launch event on December 19 in Riyadh, Saudi Arabia, unveiling 24 localized innovative products and several intelligent construction solutions. The event showcased Zoomlion’s commitment to advancing its globalization strategy and strengthening partnerships in the Saudi market.
The event featured the launch of 24 products across seven major construction equipment categories, including mobile cranes, tower cranes, concrete, earthmoving, aerial work platforms, industrial vehicles and more. Alongside these innovations, the company introduced three intelligent solutions tailored for mining, nuclear plants, and infrastructure projects, as well as five core intelligent systems.
At the event, Zhan Chunxin, Chairman and CEO of Zoomlion, engaged with clients on product quality, service efficiency, and spare parts support. He also visited local construction project sites, connecting closely with local clients. His visit reinforced the company’s dedication to deepening collaboration and meeting the evolving needs of the Saudi market.
Zoomlion has designed its products with precise adaptability according to the environment and working conditions to meet local needs. The fully tested and verified products also take the Saudi drivers’ control routine habits into consideration to elevate the operating experience.
Clients expressed their confidence in Zoomlion’s capabilities, with Shawaf, Vice President of SHAWAF Company, highlighting their decade-long partnership as a testament to the mutual trust and success shared by both parties. He stated that the event was a great opportunity to connect with more industry peers and he hopes SHAWAF and Zoomlion can further strengthen their cooperation and achieve win-win success.
Zoomlion has been a key player in the Saudi market since entering the region in 2006. In 2021, the company established a local subsidiary and developed a comprehensive service network comprising 16 branches under its “1+11+4” structure. This framework enables full-coverage services, timely technical support, and efficient spare parts supply, further solidifying its reputation as a trusted partner in the region. Over the years, Zoomlion’s strategic presence has contributed to its sustained growth and strengthened its relationships with clients.
The Saudi market serves as a pivotal region for Zoomlion’s global strategy and a critical platform for advancing localized technology and achieving mutual growth. Through continued innovation in products and services, Zoomlion aims to deliver superior experiences to customers in Saudi Arabia and neighboring regions, reinforcing its competitive edge.
View original content:https://www.prnewswire.co.uk/news-releases/zoomlion-accelerates-global-expansion-with-localized-innovations-in-saudi-arabia-302342704.html
Fintech PR
Hyundai Motor Group Executive Chair Euisun Chung Outlines 2025 Vision Driven by Commitment to Innovation, Overcoming Challenges, and Creating Opportunities in New Year’s Message
- Hyundai Motor Group celebrates New Year at Hyundai Motorstudio Goyang, emphasizing open communication with employees at flagship space
… Executive Chair Euisun Chung highlights the need to face challenges head on at 2025 New Year’s Remarks, strengthening the Group’s vision
… Key HMG executives held ’roundtable’, discussing the future global business environment and the Group’s vision following questions from employees - Executive Chair Chung underscores the need for perspective in facing difficulty, emphasizing innovation and overcoming challenges is part of the Group’s DNA
… Preparation and fundamental capabilities are key Hyundai Motor Group assets to help navigate and embrace change
… Agile responses to unexpected challenges through flexible processes and a culture of unified action to achieve collective goals - Open culture where talent can thrive and teamwork is further strengthened to underscore the Group’s resilience and focus on opportunities for growth
… Ensuring an environment where creative and enthusiastic individuals can demonstrate their capabilities to the fullest
… Investment in key business areas and strategic collaboration with partners
SEOUL, South Korea, Jan. 6, 2025 /PRNewswire/ — Hyundai Motor Group (the Group) today held its annual New Year’s Address, with Executive Chair Euisun Chung outlining the Group’s focus for 2025: overcoming challenges through a commitment to innovation, embracing change, and further strengthening teamwork.
Held at Hyundai Motorstudio Goyang, near Seoul, this year’s event adopted a new format to drive in-depth dialogue among attendees, discussing the global business environment for the year ahead and the Group’s strategic direction.
Executive Chair Chung began by thanking Hyundai Motor Group employees around the world. “We achieved a lot last year,” he said. “These achievements were the result of your tireless efforts to deliver the quality, trust and experience our customers expect. I extend my deepest gratitude to you all.”
He continued by emphasizing the importance of facing both internal and external challenges over the year ahead, as well as the potential for global growth across the Group’s operations by overcoming adversity through its commitment to innovation, further strengthening teamwork, and a proactive approach to creating future opportunities.
“Innovation is in Hyundai Motor Group’s DNA. If we continue to embrace change and pursue innovation, we can overcome any test or difficulty we may face,” said Executive Chair Chung.
Executive Chair Chung also reinforced Hyundai Motor Group’s resilience and its ability to further strengthen its position as a global mobility leader by looking for opportunities in every challenge.
“There is no need to be intimidated by uncertainties ahead. Without challenges, we risk becoming complacent, which presents a bigger danger. We cannot assume success in 2025 simply because of our strong performance last year. But we should also not be pessimistic as a defensive mindset can stifle innovation. Challenges can sharpen awareness and drive action – Hyundai Motor Group has successfully navigated challenges in the past and emerged stronger. We will do the same again.”
Addressing challenges and creating opportunities
Executive Chair Chung categorized two types of challenges the Group is facing – ‘predictable’ and ‘unexpected’ – and outlined strategies for overcoming both.
He stressed that thorough preparation is key in overcoming predictable challenges, adding that “It’s not simply about eliminating risks, but about a comprehensive understanding of the background, context, and historical trends to create opportunities for future growth.”
Chung continued by highlighting the importance of fundamental capabilities as a key factor in addressing unexpected challenges, including flexible and open processes, a culture of objective analysis and agile response, and continuous, unified action to achieve the Group’s shared goals.
With the appointment of José Muñoz as Hyundai Motor’s first non-Korean CEO, Executive Chair Chung emphasized this milestone as “a clear expression of our commitment to innovation”, reiterating the Group’s dedication to creating a global culture where talented individuals are recognized and can thrive regardless of their nationality, gender, seniority or background.
Executive Chair Chung closed the Group’s 2025 New Year’s Address by highlighting that “We must expand our strong commitment to innovation,” linking leadership in industrial change and technological development, strategic investment in core areas for the Group, and collaboration with other partners when necessary.
“Our greatest asset is our people. Their talent and resilience mean we do not retreat when we face adversity – we innovate,” said Executive Chair Chung, closing the roundtable. “We embrace challenges as opportunities to grow stronger and to shape a brighter, more sustainable future. We will continue to work together in 2025 to further strengthen Hyundai Motor Group’s collective vision.”
More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com
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