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Here at Pegasus we look back on some of the highlights of 2023, and look forward to a strong year ahead.
With spending on financial management software set to increase by 72% in 2024 compared with 2023 according to Gartner, it’s perhaps not surprise that we have seen substantial uptake of our Opera 3 SQL SE platform.
As organisations continue to invest in digital capabilities from which to better manage their businesses, tame complexity and unlock greater collaborating and insights, the right digital platform has become a prerequisite for running a successful business in 2023/2024.
One of our recent SQL customers, roofing specialist, Foregale, is testament to this trend, with investment in digital a key aspect of its customer service-led strategy.
Having gone live with Opera 3 SQL SE in July 2023, the management team at Foregale are already reporting huge improvements in terms of visibility, collaboration, speed and responsiveness. Sales Order Processing (SOP) in particular is much faster using Opera 3 SQL SE, allowing the team to respond to customer queries almost instantaneously and in turn fostering both superior customer experiences and stronger relationships.
The strong relationships we have with our partners is crucial in helping customers like Foregale to maximise the value from our solutions of course. We continuously work closely with partners and customers to understand the specific challenges they face and on the back of this feedback we were delighted to launch AP Automation last Summer.
We designed the solution based on the fact that while there have clearly been great strides in digitalisation of the office of the CFO, AP is an area which still harbours substantial inefficiencies. Having the means to streamline invoice processing and supercharge productivity within the office of the CFO not only supports complete visibility and control over the status of every invoice, but finance teams are able to reduce the risk of fraud, avoid errors and overpayments, and make faster, smarter budgeting decisions.
The superior reporting which comes with this capability means that insights and intelligence gleaned can be used to contextualise insights, facilitate better decisions to monitor cashflow, and prompt rapid action in the face of trends or anomalies. This brings us to the next big trend of 2023, which has undoubtedly been agility.
The world post Covid has become increasingly uncertain, and as a result, traditional profit and loss metrics have been joined by flexibility, resilience and agility as enterprises seek the means to respond quickly and effectively to constant change.
This transition has seen financial management evolve from a back office function focused on reporting past performance, to an intelligence hub, fuelling strategy and business decisions in a dynamic and future-focused way.
Digital is at the very heart of delivering this intelligence, and therefore intrinsic to any modern Office of the CFO. This shift represents an exciting opportunity for us and the industry as a whole.
With a number of new products in the pipeline, our team are looking forward to helping organisations to unlock this intelligence, channel agility and resilience, and innovate in an ever-changing economic environment in the next 12 months, and we’re incredibly excited to see what 2024 brings.
In the meantime, we’d like to wish all of our customers and partners a prosperous new year.
Posted On: January 03, 2024
