Financial technology – often known as fintech – is used to automate financial services for large and small companies. It is utilized to help your business keep track of its financial records and process payments through special payment software. Financial technology solutions are the answers built for many of the problems associated with the financial technology space.
Financial technology solutions exist in many different forms. Say, for example, your business has been using QuickBooks for years to tally up your receipts and keep track of which contractors are owed money and when. The QuickBooks software you use is an example of a financial technology solution. It is software on your computer designed to make your financial operations run smoothly and lessen delays.
Some of the Top Financial Technology Solutions to Consider
Over the past few years, many developments and changes have occurred in the space surrounding financial technology solutions. For one thing, the number of online businesses has grown, which means companies must now may it safer (and easier) for internet transactions to take place.
Specific kinds of fintech software that could be applied to your business include:
Platforms like Shopify, Squarespace, and WooCommerce exist for this very purpose. They offer your business a suite of tools ranging from secure payments and marketing to shipping and customer engagement to give you the chance to conduct business safely with people all over the world.
Small Business Management Tools
Small business management software like QuickBooks, Zoho Books, and Xero make it easier for your business to stay on top of its finances and expenses. If you have receipts, for example, you won’t need to keep the paper receipts in files and access them each April when tax season arrives. Instead, you can simply enter them into the program. The system will keep records for you and tally your receipts accordingly, taking a rather long (and mundane) task off your shoulders.
Online Payment Processing Services
More online payment processors are available nowadays—operating in a manner similar to traditional banks. They offer fraud protection and allows individuals and businesses to make and receive payments over a secure internet connection. This way, your business can purchase and sell items online without having to worry about identity theft and other liabilities. Stripe and Paypal are some of the leading payment platforms today.
Ready to Expand Your Business?
If you are ready to consider financial technology solutions for your growing startup, give us a call today. At Pretty Books, we’ll help you evaluate your current financial technology solutions and see if there are better solutions to help you meet your goals.
If you are ready to take your company to the next level and want to find out more, don’t hesitate to contact our qualified representatives. We can also provide you with an estimate regarding the costs of our services. We’re looking forward to talking with you!