There is a new vendor targeting the financial close and consolidation market. Fluence Technologies claims to be the only financial consolidation software firm targeting mid-sized companies. Enterprise Times recently spoke to its founders, John Power, CEO of Fluence Technologies and Don Mal, Executive chairman of Fluence Technologies. That interview will be published soon. Power said: “Fluence has an unparalleled team with literally centuries of financial consolidation and performance management experience under our belts. Along with that comes a solution that’s decades in the making, and a major reason our customers trusted we’d deliver a consolidation solution that met their needs perfectly.”
It could not have been a more difficult year to emerge, 2020 has been dominated by the pandemic. However, this has not held back the new fintech firm. It has quickly attracted customers and is rapidly approaching the 100 customer mark. With funding from its founders, angel investors and MaRS IAF it is set for rapid growth in 2021. Recognition for the completion of its cloud-based consolidation firm also arrived as performance management advisors BPM Partners named it “Best New Vendor”.
Mal also commented: “We’ve known from the start that the mid-market is drastically under-served from a financial consolidation solution perspective. That’s why we’re laser-focused on software that meets the needs of mid-sized customers, without spending a fortune or needing a degree in coding to power a critical business process.”
Enterprise Times: What does this mean?
This is an interesting company that has centuries of financial close management experience. Don Mal was Co-founder and CEO of Vena Solutions. Power was at Longview Solutions for more than 20 years and was CEO for ten years. They have built an experienced team of experts with centuries of experience between them. With financial backing and an innovative solution, Fluence Technologies is poised for expansion in 2021. It is certainly a company to watch.
Power noted: “We give mid-sized finance teams more confidence and more time. We’ve got your back, and you get your weekends back.” It is something that some finance leaders will find attractive, especially around the period end.