Whatever the size of your fintech firm, it’s never too soon to build a solid foundation of finance systems. So, what big benefits can you expect from the strongest solutions?
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Trend sheet
UNDERPIN FINANCE MANAGEMENT NOW
For an ecosystem of robust finance systems and managed services, look no further than FIS. As a single provider of your back-office technology, we can help you build and extend the infrastructure you need, as and when you need it.
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The stronger your base of finance systems today, the easier it is to expand tomorrow. Rather than buying point solutions that only meet your immediate basic requirements, choose modular technology that you can add to as your business grows.
You may not yet need the functionality for, say, hedge accounting or the ability to connect to multiple banks. But by building scalable infrastructure with a single technology partner, you can save the effort of integrating with other vendors’ systems later.
futureproofed processes
Demonstrate credibility
In an uncertain economic environment, where funding is at a premium, it’s more important than ever to show your investment and banking partners that you are managing your fintech firm efficiently and effectively.
By giving you a constantly clear view of liquidity, a strong, mature set of treasury and finance systems allows you to not only make better, faster decisions about the risks you face, but also easily update investors and lenders on your cash position and the health of your business.
2. Sound reputation
Save money
With investors looking for rapid returns, it’s never been more critical for fintechs to improve their bottom line. And the more finance processes you can run with one technology provider, from treasury and disbursements to accounts payable and receivable, the more efficiencies you’ll gain overall.
You won’t have to deploy multiple costly finance applications. Plus, you can easily introduce new capabilities like in-house banking, which will help keep down your overall number of bank relationships.
3. Lower costs
Reduce risk
Achieve risk compliance
As your firm grows, more and more transactions will flow through your fintech firm, exposing your operations to security risks. A payment hub solution will protect you with robust controls for fraud and cybercrime prevention.
Standardized, seamlessly integrated finance processes will also help reduce errors and comply with security, audit and regulatory reporting requirements. For total data integrity, you could even reconcile all your transactions centrally with a single AI-powered system.
4. More control
Whether your firm facilitates payments by customers or makes disbursements to them, do you have the infrastructure to support fast, low-cost transactions globally?
If you’re expanding overseas, sending international payments via traditional banks can take days, with recipients often receiving less than expected. For the best customer experience, advanced payment solutions deliver same- or next-day payments to accounts or cards in any currency, with FX rates agreed upfront and no hidden charges.
5. happier customers
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FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world’s economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, absolute performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS ranks #241 on the 2021 Fortune 500 and is a member of Standard & Poor’s 500® Index.
About FIS
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FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index.
About FIS
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With scalable finance systems, there’s no limit to where you can take your services. As well as automating your own invoice-to-pay and credit-to-cash processes, you could offer accounts payable and receivable solutions as a service, to help business customers improve their cash flow.
And why keep powerful treasury tech to yourself? With an integrated global FX portal, you could also provide customers with real-time rate feeds and auto-hedging capabilities, so they can manage their own FX trades.
6. new opportunities
Retain investment
Integrate seamlessly
Ensure scalability
Streamline operations
Accelerate payments
Strengthen relationships
Attract more customers
Expand your horizons
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REASONS TO strengthen your finance systems
1. Commerce Bank, The Hidden and Overt Costs of Paper Checks for B2B Payments
