Apron’s Post

According to the CFO website, only 9% of SMEs access financial services through SaaS. In other words 91% stuck with their bank for now. We help SaaS providers offer financial services. In our experience, the top-5 challenges are: 1. Selling a financial product is different from selling SaaS 2. Compliance and regulation are hard. SaaS providers are not set up to do it 3. SaaS founders and product teams know their market really well but they don't know financial services 4. Banking-as-a-Service providers are specialised, only cards, only FX, only credit etc. SaaS providers need all of them 5. SaaS is often global, financial services are mostly local. It is hard to find a single partner that can help globally Embedded finance will happen, it just needs a better ecosystem which is what we are building at Yordex. In my upcoming blog post I will go into more detail on each of these five challengers and describe what ecosystem is needed to overcome them. #baas #embeddedfinance #embeddedpayments #b2bpayments #spendmanagement #cfo #cfotech https://lnkd.in/e3U8zmNV

Enterprise SMBs are embracing instant ad hoc payments like never before. With a 28% increase in these payments since September, driven by the gig economy and key industries, businesses are seeing the value in fast, efficient transactions. Instant payments now represent 35% of ad hoc payment transactions, up from 27% last quarter. For gig economy firms, it's even higher at 39%. The future of payments is here, and it's instant: https://bit.ly/3L2AreR #InstantPayments #AdHocPayments #GigEconomy #BusinessGrowth #PaymentInnovation

Curious about the current trends shaping the corporate finance landscape this year? 🔎 📊 Our recently launched 2024 Finance Trends Report delves into the ongoing digitalisation and automation trends within the corporate banking sector. We spoke to 42 leading organisations, to reveal the driving forces, challenges, and technology adoption patterns anticipated in the finance department for 2024. ⚡ If you're pressed for time, our blog provides a concise overview of key statistics and findings from the report. For instance, did you know that: ➡ 52% of corporates have not made preparations for ISO 20022. ➡ 40% of businesses prioritize technology adoption as a key objective. Discover more insights and propel your finance strategy forward by reading the blog below. 👩💻 https://lnkd.in/eKBj5hUD #finance #financetrends #technologyadoption #iso20022 #cloud

I'm delighted to have been involved in building this report for 2024! Through my time at AccessPay it's been super interesting to see the unique challenges finance professionals face, especially in the current economic climate! It seems, there is a huge focus on finance leaders to provide strategic insight to help their businesses grow. Of course, they are looking at the ways digital transformation (and platforms like AccessPay) can help them achieve this. If you're a finance professional and you're interested to see what is coming out as 'top priority' for your piers, as well as the key 'challenges' they're facing, this report gives you some detailed insights into what other finance leaders are doing this year! Report available below ⬇

🚀 Exciting news for Finance & FinTech Enthusiasts! The future of accounts receivable is here, and it's powered by the cloud! 🌩️ Today, we're spotlighting the game-changing work of eTreem, a California-based startup revolutionising the financial tech world with their innovative, cloud-based solution for accounts receivable automation. eTreem was masterfully brought to life by founders Kevin Killworth and Mark Firmin. Their vision? To transform traditional accounts receivable operations into a sleek, unified, cloud-based platform. The result? Faster payments, increased accuracy, and significant cost reductions are just a few of the perks clients can expect. Curious about how this all works and how it might revolutionize the way businesses handle finance operations? Let this article be your guide! 🧭 https://lnkd.in/dwJeDtzy Join the financial revolution today! #FinanceTech #FinancialServices #FinTech #CloudComputing #SaaS #FinanceInnovation Learn more about eTreem and their disruptive offering: 🌐:https://lnkd.in/dy8TCqjX 📲:https://lnkd.in/deHdRSez

🚀💼 Unlocking SMB Growth: The Power of Embedded Finance in Software Platforms 💳🌐 Dive into the future of SMB financial services with insights from our latest report, crafted in collaboration with Edgar, Dunn & Company, based on Q3 2023 research. 🎯 Here's a snapshot: Defining the Landscape: Insights sourced from a global survey of 1,000 SMBs and interviews with leading SaaS platforms. Distinctions: SaaS platforms (operational software providers) and marketplaces (channels for SMBs to sell online). Embedded finance: Native integration of financial services into these platforms, creating a seamless customer experience. Untapped Opportunity for SaaS Platforms: 83% of SMBs express interest in accessing financial services via SaaS platforms, but only 9% currently do. A potential goldmine for platforms to enhance customer service, generate revenue, and stand out from competitors. Key Vendor Preferences: SMBs prioritize convenience, ease of adoption, and flexibility over price when selecting financial service vendors. 82% open to switching payments/banking solutions if offered by their existing SaaS platform. 6% willing to pay more for one-stop solutions through a single vendor, giving SaaS platforms a competitive edge. Financial Services in Demand: SMBs show significant appetite for FX services, payment processing, multi-currency accounts, and business credit cards. 82% likely to use FX services, 80% for payment processing, and 76% for multi-currency business accounts and business credit cards. Strategic Benefits for Platforms: Adding financial services reduces customer acquisition costs, enhances retention, and boosts the lifetime value of SMB customers. Financial services act as a 'sticky' value proposition, differentiating platforms, fostering loyalty, and unlocking new revenue streams. Empowering with Open APIs: Open APIs enable platforms to seamlessly integrate readymade financial solutions at speed. Regulatory complexities, upfront costs, and slow integration times are overcome by Payment Service Providers (PSPs) and fintechs, making it cost-effective for platforms to offer financial products quickly. 🔓💡 Don't miss the opportunity—embed finance seamlessly into your platform and redefine the SMB experience! #EmbeddedFinance #SMBGrowth #FintechInnovation

Only 9% of #SMEs are tapping into financial services through #SaaS, according to research from Airwallex. Clearly, it's time for a change and #Embeddedfinance can be a very powerful tool:   🚪Embeddedfinance offers a gateway to sophisticate financial products, currently unavailable to SMEs, thus reshaping SME's financial journey.   🏥 For SMEs, accessing capital is a long-standing pain point. Embedded finance helps overcome funding challenges that have hindered SME growth for too long.   ⛽ Embedded finance fuels operational efficiency, making businesses leaner and more competitive.   📊 Finally, it empowers SMEs leverage their #data, unlocking new growth opportunities.   Ready to join the financial revolution? Dive into the full article on TheCFO for more.

✔ Business. Payments. Made. Easy. 💊 Sage Intacct + REPAY - Realtime Electronic Payments is just the medicine you need for your month-end headache. 👀 Come see us Sage #Transform next week! We'll show you what you're missing! ☕ And check out our recently published blog post - definitely worth a read with your coffee this morning. #repay #sage #sagetransform #VPAAS

Real-time Payment Systems: The Future of Transactions. Real-time payments are revolutionizing the way we think about money and how it moves. It is no longer a futuristic concept but a reality that is shaping the future of the payments industry as we know it. The ability to transfer money and make payments instantly, with near real-time confirmation, can bring huge benefits to consumers, businesses and the entire economy. For more information, please visit www.aqcomply.com #accounting #cloud #audit #software #timeconsuming #accuracy #finance #aqcomply

💳Thanks to AccountingWEB.co.uk for publishing this opinion piece by our CEO Richard Bradley earlier this month. Championing the opportunities and navigating potential pitfalls in the payments space is all part of the service we provide daily to make sure our partners get the right solutions to underpin their success. 💬If you’d like to chat with Richard or any of our team about how we can support your advisory business to navigate the evolving payments landscape, please do get in touch. #payments #accountants #fintech #paymentssolutions https://bit.ly/4anAAo3