Datamatics jumps on introducing FINATO to drive finance transformation in global enterprises
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Datamatics Global Services is currently trading at Rs. 581.60, up by 27.65 points or 4.99% from its previous closing of Rs. 553.95 on the BSE.
The scrip opened at Rs. 544.35 and has touched a high and low of Rs. 581.60 and Rs. 544.35 respectively. So far 8084 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 678.90 on 14-Jul-2023 and a 52 week low of Rs. 256.35 on 23-Dec-2022.
Last one week high and low of the scrip stood at Rs. 614.05 and Rs. 539.35 respectively. The current market cap of the company is Rs. 3385.75 crore.
The promoters holding in the company stood at 66.50%, while Institutions and Non-Institutions held 2.74% and 30.75% respectively.
Datamatics Global Services has upgraded all its Finance and Accounting (F&A) customers to FINATO from its existing iPM platform. FINATO is a digital augmented suite powered by artificial intelligence, machine learning, automation, analytics and mobility. FINATO is a unified platform with multiple modules across Procure to Pay (P2P), Order to Cash (O2C), Record to Report (R2R), Travel and Expense (T&E), Contract Management and Financial Planning & Analysis (FP&A).
FINATO is built for Finance function keeping in mind the requirements of the finance transformation for the coming decade in line with Datamatics ‘Deep in Digital’ brand promise. FINATO is available as a SaaS-based platform, and effortlessly scales to handle growing transaction volumes. It seamlessly accommodates multiple currencies and languages while remaining agile in the face of regulatory shifts. It has intelligent automation and smart workflows at its core, enabling straight-through processing, thus improving efficiency and accuracy of operations. Leveraging the power of artificial intelligence, FINATO enables CFOs to make data-driven decisions. Real-time reporting and dashboards provide the CFOs with full visibility of finance operations, cashflows and business KPIs. FINATO comes with a very engaging and user-friendly interface, and is also available as mobile-based application, leading to increased productivity, ease of use, and better adoption.
Datamatics Global Services provides intelligent solutions for data driven businesses to increase productivity and enhance the customer experience.
