Core Insights - The finance function is experiencing a dichotomy, with leaders investing in technology and AI while many teams remain entrenched in manual processes that hinder efficiency [1] Group 1: Survey Findings - Two surveys highlight the widening gap between strategic investment in technology and the execution of finance tasks, with a global cost of repetitive tasks estimated at $1.4 trillion [2][3] - Personiv's survey indicates that 60% of finance leaders are adjusting their strategic planning due to macroeconomic policy changes, with many companies increasing capital spending and technology budgets [4] - AI adoption is becoming central to finance strategies, with 70% of public companies integrating AI into compliance and reporting functions, compared to 45% of private firms [5] Group 2: Leadership Perspectives - Public company leaders view AI tools as essential for improving forecasting accuracy and risk management, with nearly three-quarters expecting macroeconomic conditions to improve in the coming year [6]

Financial Performance - Total revenue for Q1 2025 was $107.9 million, a 2.2% increase year-over-year[12, 21] - Total payment volume reached $20.6 billion in Q1 2025, up 3.7% from $19.9 billion in Q1 2024[16, 33] - Non-GAAP gross profit was $79.1 million in Q1 2025, resulting in a Non-GAAP gross margin of 73.3%, a 90 basis points expansion year-over-year[37] - Adjusted EBITDA margin for Q1 2025 was 16.2%[40] Operational Metrics - Total transactions processed in Q1 2025 were 19.7 million, a 1.9% increase from 19.3 million in Q1 2024[13, 23] - Total transaction yield was $5.48 in Q1 2025, a 0.2% increase from $5.47 in Q1 2024[28] Financial Position - The company's cash and cash equivalents stood at $389.3 million as of Q1 2025[43] - Long-term debt remained at $63.2 million in Q1 2025[43] Non-GAAP Measures - The presentation includes several non-GAAP financial measures such as Non-GAAP Gross Profit, Adjusted EBITDA, and Non-GAAP Net Income (Loss), which are used to supplement GAAP measures and provide insights into the company's operating performance[6, 8, 9]