Fintech businesses combine the high growth, challenger spirit and hectic workload of start-up companies with the fast-moving world of technology and software development. They are also characterised as highly focused on their business strategy with limited opportunity to properly develop backend operations including financial processes and regulatory requirements. Processes become even more complex where the start-up partners with more established financial institutions.
Fintech companies at the early stages frequently use entry-level and basic accounting systems. This approach could expose the business to hidden costs and potential revenue leakage if not addressed.
This Oracle NetSuite guide offers clear benefits to investing in financial management software earlier than might feel necessary. The approach empowers Fintechs to confidently engage in funding rounds, safe in the knowledge that it is suitably equipped to deal with increased demand for business transparency and to handle growth without the need to expand back-office costs at the same rate.
Click on the link to download your guide to Financial management software for Fintech companies.