If you have a business, whether large or small, you know that it is necessary to take care of profitability and do everything possible to increase it.
This is where the current advancement of technology and its specific application to finance make Fintech solutions increasingly attractive to companies.
What Is A Fintech Solution?
Fintech or financial technology is a new financial industry that applies technology to improve financial activities and make them more efficient and profitable.
They are the new applications, processes, products, or business models in the financial services industry, composed of one or more complementary financial services and made available to the public via the Internet.
Generally, these services are offered by companies that are experts in new technologies that want to grow towards a market dominated by large companies, taking advantage of the fact that these are slow and not very innovative when it comes to new technologies.
In other words, Fintechs offer technological tools that help financial management efficiently, easily, and at reasonable costs.
Segments With Demand For Fintech
The tools they offer are divided into four broad segments that respond to very specific demands from companies:
Operation tools and means of payment
Client Details and Big Data (large-scale data espionage)
Security and identification of people
Electronic money
Of these four groups I want to refer in this note to the first, a segment that is defined as SCF (Supply Chain Finance).
Within these technological financial solutions that provide greater profitability, we find BilliB, which stands out here for being the only SCF that is adapted to the requirements of Spanish legislation.
BilliB is a very flexible and easy-to-use financial solution that helps to optimize the management of working capital, thus allowing greater profitability to be obtained.
How To Turn Your Bills Into Money?
Anyone who owns a company knows that on a day-to-day basis, we live pending liquidity since coordinating collections with payments has never been easy. When you want to know how much money you have, there is always money “up in the air” to be collected and payment obligations to be made.
In short, in the accounts of every company, regardless of its size, there are liquidity peaks and valleys, which force you to optimize your cash-flow.
And this is where BilliB comes in, which combines a payment manager and a financing manager in a space for collaboration between customers and providers.
Propose the use of the dynamic discount to your suppliers to facilitate prompt payment operations. Well, let’s go to the mess! Discover how BilliB works
Conclusions
The world of Fintech has just begun and opens up a world of previously unimagined possibilities for companies. The grand driver is the current civilization of living “always online” thanks to the great growth of new technologies.
In Europe alone, 20 million businesses still do not accept credit or debit card payments online. And this is just one example of the great opportunity to obtain greater profitability that opens up in this segment of tools, both for the company that offers the product or service and for the end customer.
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