As the corporate world transitions more and more into a completely digital era, every business will find itself operating via software on Google Chrome, either at a desktop or remotely via a smartphone.
Many people today are familiar with the term ‘Hi tech’, yet not so many with the term ‘FinTech’. FinTech is an abbreviated form of Financial technology and refers to any business that uses technology to automate or enhance financial services and processes.
A model company that represents an ideal financial technology service provider is Mosaic finance. Mosaic makes the world of finance and financial goals easier to achieve. A brief outline of the company’s history and the platform it provides will show us how it’s the best representation of financial technology.
What is Mosaic?
Mosaic was created by a team of finance experts as well as software engineers and data scientists. They originally were the team that were responsible for leading another major american software provider, Palantir. Palantir was responsible for providing the market with financial data analytics.
However, whilst working at Palantir, the Mosaic team realized that the financial world was lacking financial software to help the consolidation of financial data and statistics that are spread across different departments within any one corporation.
That is why they created the Mosaic software company. It provides a software platform that can be used by your company to streamline its financial operations. The use it provides starts with the finance department and the responsibilities of the CFO, but also helps the functioning of different company departments. This could be the sales team or the marketing department. By using this platform, the data they work with is easier to access within the finance department.
This ultimately makes the role of CEO much easier. All financial data is easily integrated into one safe space. But the genius of Mosaic doesn’t stop there. Mosaic interacts with other software platforms that existing departments could be using such as Charge Bee or Sales Force. It lifts information from these platforms, streamlining each department’s functionality.
In fact, that’s why this company is called Mosaic. The platform it provides is a mosaic which integrates the function of every other software platform, each little tile, and then provides an overall financial picture.
So far it’s software is being used by the former CFOs of Yahoo and Shopify, as well as Palantir and Dropbox. The usefulness that Mosaic is giving the world of finance is clear to see from industry experts, who need a firm understanding of a multinational Corporation’s finances.
Mosaic’s financial platform has a couple of key functions. The functions can be summarized as Mosaic Analytics and Mosaic Planning. Their analytics provide up to date statistics from different departments and show all relevant metrics. Their Planning features provides suggestions and will highlight your statistics with tabs and interactive panels. These use AI to predict and forecast goals based on the available information.
Another key feature is their ability to integrate with other platforms that your company could be using. Mosaic refers to this as its ‘integrations’.
The ABC’s of finance with Mosaic.
Mosaic finance is really providing the financial world with different useful features. I think they can be really be quantified in a few different ways.
The first is that many finance departments haven’t yet made a full transition into using cloud hosted software applications. Sales departments have been using Salesforce. Intuit Quickbooks has been used by accountancy departments. Mosaic could be the first port of call for a finance department that needs to be digitally managed. The fact that it can incorporate other platforms as part of its own just increases its utility.
The second way is that it really acquaints those who want an understanding of the financial technology sector, to be able to see an example of how fin tech software operates. By focussing on a software that is user faced, it shows someone how innovative the fin tech scene can be.
Once a transition onto the Mosaic platform has been made, the finances of your company will be easily managed. One of the great financial issues that emerging companies can deal with is having inaccurate information and data regarding their company’s performance.
If your company is performing well, and you have prospective investors who want to see an interface that is easy to understand and that will encourage an investment, then a Mosaic dashboard will give a great impression. An investor will see all details in one easy to access place.
Sam Edwards is a content writer who lives in Tunbridge Wells. He is working for Pearl Lemon Properties When he is not writing, he can be found grabbing a coffee or playing guitar.