Panax’s Post

Where are you located on the 'Love-Hate' Excel spectrum? Do you ❤️ the flexibility and functionalities, or hate 🤬 the mistakes, collaboration issues and the complexity? Discover which type of Excel user you are and the possible cash and treasury management alternatives in this new guide: https://lnkd.in/dctmMZPn

Panax's Founder and CBO, Niv Yaar, has shared an insightful blog post on the recent CrowdStrike outage and its widespread impacts, including everything finance leaders need to know: ❗ Which Financial Institutions were Affected? ❗ Implications for Companies ❗ Contingency Plans Read the full post to understand the crisis and how it affects business financial operations: https://lnkd.in/dkUGGu5J

What were your insights from the Windy City Summit? Niv Yaar, Panax’s co-founder and CBO, identified 3 top trends: 1) AI is top of mind 2) Challenges in forecasting persist 3) Banks are strengthening collaboration with technology vendors Agree? Disagree? Read the blog for more insights: https://lnkd.in/d_2-zi9j

Announcing: Panax Forecasting! We’re excited to share an important new capability with our customers - the ability to automate and customize your financial forecasting. Leverage Panax and benefit from: Accuracy - Forecasting based on your banking data and ERP. Automation - Automated forecasting based on input assumptions and updated actuals. Customization - Create forecast methods based on your knowledge of the cash flow. Check out how Panax forecasting works and how you can use it from our latest blog by Adi Barak, Panax’s VP product. https://lnkd.in/dUSsm2cY

Reasons to automate your cash flow: 1) Rising interest rates - Don’t miss out on income opportunities 2) Globalization - Your workload is growing with the decentralized cash footprint 3) Increased counterparty risk - You need to manage accounts across multiple banks Automation can help you better fit your new work requirements. Improve capital efficiency and get smarter. We explain how in this blog: https://lnkd.in/d_dkbHvW

After speaking with over 200 CFOs, treasurers, and finance leaders, we found two key types of complexities that make it impossible to scale: 1. Cash footprint -  By the time you’re looking at the numbers, they are already far behind the curve and any decision you make is based on lagging data.  2. Cash flow - Making sure the timing of inflows meets the timing of outflows in an optimal way.  Manual maintenance of these processes simply doesn’t cut it anymore. Automating them can help your company meet critical performance KPIs while freeing your time to focus on bigger, better things. Learn more from this blog: https://lnkd.in/d_TFhXib

Is it time to hire a treasurer? Here are 5 telltale signs: You Have a Vast Cash Footprint 💰 You Have a High Volume of Inflows and/or Outflows 💸 You’re Using Debt and Credit Lines 💳 You Have a Large Investment Portfolio 📈 Discover the 5th and more examples in this article: https://lnkd.in/ds444DEh

Starting now! Join us to discuss AI optimization use cases for your finance operations. Can AI help you perform better? Find out! https://lnkd.in/dk6c3sN6

Last chance to register! Don’t miss out on our fascinating discussion tomorrow about how AI simplifies and improves finance ops and treasury management with Dan Fletcher, CFO of Planful, Noam Mills, CEO, and Sefi Itzkovich, CTO, co-founders of Panax, and Hadar Siterman Norris, Partner at Team8. Don’t miss out on a chance to discover - Is AI a fit for your finance job? Sign up here: https://lnkd.in/dk6c3sN6