• Sat. Apr 20th, 2024

Cloud Finance taps Salt Edge to boost business finance management

By Gloria Methri

September 08, 2023

  • Cloud Finance
  • Corporate Finance
  • Finance Management

Cloud Finance, a software solution for corporate finance based in Italy, has joined forces with Salt Edge, a provider of open banking solutions.

The companies are working together to create an environment where professionals and businesses can harness the full potential of open banking to make smart financial choices, improve efficiency, and fuel economic progress.

Cloud Finance is dedicated to creating, developing, promoting, and selling various cloud software solutions for corporate finance, with a strong focus on artificial intelligence.

It provides various software applications for financial analysis, forecasting, business planning, business valuation, smart accounting, and ERP systems to cater to the needs of Italian-based professionals, financial consultants, analysts, entrepreneurs, and small-medium businesses.

By choosing to join the open banking pioneer’s Partner Program for account information services, Cloud Finance gains access to thousands of open banking channels compliantly without having to acquire their own PSD2 license. Salt Edge handles all technical, security, and compliance matters so that Cloud Finance can focus on what they are best at–its core business.

As of now, 78% of Cloud Finance customers utilise the Salt Edge bank connection, with the aim of achieving 100% adoption in the future.

Dr. Umberto Tranfaglia, CEO and co-founder of Cloud Finance said, “We are dedicated to empowering entrepreneurs to achieve financial sustainability and drive seamless growth through our innovative solutions. We found Salt Edge to be a reliable partner on this mission. Their solutions have seamlessly integrated with our platform, allowing for easy and fast bank account connectivity, all while strongly emphasising security and compliance with current regulations. We look forward to a continued partnership with Salt Edge to provide our clients with the most enjoyable experience possible.”

Andrei Scutari, Country Manager at Salt Edge said, “Our ultimate goal at Salt Edge is to provide businesses with better access to technology and financial data, enabling them to put ideas into action for the benefit of their customers. This partnership serves as a great illustration of how such an achievement can be made. We strongly support Cloud Finance in their mission to embrace technology innovations to deal with the financial sector’s complex challenges today and look forward to building a bridge between technology and the finance sphere together via open banking.”

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