Finance
Cloud-Powered Solutions Improve Productivity for Finance Firms
A Unified Workflow Within the Cloud
The convenience of the cloud can translate directly into productivity gains. Every time financial workers log on to an application or server, they must go through basic security. Those 60-second increments add up — but working within a centralized ecosystem offers greater ease and efficiency. Even in a multicloud environment, users still have a unified experience for task completion and workflow.
This level of convenience pays off. In a recent keynote on digital transformation, VMware CEO Raghu Raghuram said, “You must deliver a frictionless experience to your employees, so that they can go about achieving the next great leap in productivity.”
For workers in compliance departments, in-cloud regulatory reporting tools can reduce the burden of daily tasks. Workers in disaster recovery can reap similar benefits from the cloud. Employees across teams can also optimize cloud platforms to run faster during high-traffic times of the day or week. Cloud tools can even detect the stability of an internet connection, which helps users avoid unexpected downtime and delays.
RELATED: Businesses are thriving with the right mix of productivity tech.
Improved Insights with the Cloud’s Data Analytics
Data analytics in the cloud is another way that financial services companies can be more strategic in their digital transformation efforts and gain more insights into their business revenue.
For example, collaboration analytics, including Microsoft’s Viva Insights (part of its Microsoft 365 platform), Google Work Insights and Cisco Webex, can provide data on the cost-benefit ratio of daily work. Combine this with a cloud management tool such as CDW Inscape, and IT leaders can also improve security, enhance visibility and reduce costs.
LEARN MORE: Training your team can improve productivity in your organization.
Quickly Access Information and Collaborate Across Teams
Financial organizations can also take advantage of cloud-based productivity suites such as Microsoft 365 E3 and E5, which enable teams to call, chat or videoconference from any device in one click. This is particularly helpful for teams working in hybrid or remote setups, easily facilitating more regular communication and collaboration. These quick connects can also eliminate meetings, which 71 percent of senior managers say are inefficient and unproductive, according to Harvard Business Review.
Any one of these tactics improves productivity, but it’s clear that a cloud-based approach will help financial firms stay competitive in uncertain times.
Today’s installment of campaign-related news items from across the country.
* When it comes to campaign finance laws, both parties’ campaign committees have faced restrictions on how much money they could spend in coordination with candidates’ campaigns. Those limits are now effectively gone.
As MS NOW’s Jordan Rubin explained, “The Supreme Court’s GOP-appointed majority ruled for Republicans in their campaign finance challenge to restrictions on political parties spending on ads with input from the party’s candidate.”
A Punchbowl News report added that the ruling, written by Justice Brett Kavanaugh, “handed Republicans a massive win” and is likely to “usher in the biggest change to campaign finance law since the Citizens United decision.”
The same report went on to note that Tuesday’s high court ruling “allows for unrestricted coordination between candidates and party committees. That means committees, like the NRSC or the DCCC, can run unlimited TV ads with allied candidates. More importantly, they can also buy those ads at the much cheaper rate offered to candidates. … Tuesday’s SCOTUS ruling will also eradicate the need for independent expenditure arms at party committees.”
Republicans already enjoyed a significant financial advantage over Democrats. The Republican-appointed justices just made it easier for the GOP to capitalize on that advantage.
* In Colorado’s closely watched Democratic primaries, incumbent Sen. John Hickenlooper fended off a challenge from the left, but some of his colleagues weren’t as fortune: Democratic socialist Melat Kiros ended long-serving Rep. Diana DeGette’s career in Denver’s congressional district, while state Attorney General Phil Weiser scored a major upset by defeating incumbent Sen. Michael Bennet in a gubernatorial primary.
* In the race for North Carolina’s open Senate seat, former Democratic Gov. Roy Cooper leads former Republican National Committee Chairman Michael Whatley in the latest New York Times/Siena poll, 50% to 43%, pointing to a possible pickup opportunity for Democrats.
Google Cloud and FactSet, a provider of data and artificial intelligence solutions to the financial markets, plan to jointly develop AI agents designed to assist with portfolio operations, deal advisory and corporate finance.
Tuesday’s Supreme Court ruling changing certain federal campaign finance limits could make a big difference in the battle for control of Congress this fall, giving Republican candidates who have been getting outraised by opponents direct access to more party cash.
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