The revolution in corporate finance: the future favours Fintech providers

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The advent of the digital era has radically transformed the way entrepreneurs and business people conduct their financial transactions. Today, financial services for entrepreneurs are more accessible than ever, as technological innovation enables fast, efficient, and secure financial transactions using innovative solutions known as financial technology, or simply fintech. However, the fintech landscape is constantly changing with each new technological solution introduced to the market, shaping the future of financial services for entrepreneurs. In this blog, we will explore how fintech is impacting the business world and what changes can be expected in the near and distant future.

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Why fintech providers are becoming an increasingly popular choice among entrepreneurs for payment systems

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In today's world, financial technology (fintech) has become an indispensable tool for swift, efficient, and secure business operations, especially for companies. Entrepreneurs have started recognizing the benefits of fintech providers compared to traditional banking institutions, particularly in terms of payment systems. In this blog, we will explore why entrepreneurs often opt for fintech providers for their payment systems and what advantages this brings to their business processes.

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Competitiveness with accounting software and solutions

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Have you ever wondered if your existing information solutions are still efficient and competitive enough? Because changes in the field of information systems and tools have never been as rapid as they are today, it's necessary to constantly keep up with innovations, or else catching up on lost productivity might be challenging.

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Conversions and importing into accounting

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The main promise of IT experts when introducing computers and machines into modern business – including accounting services – was that technology would help us save time and money. But has it? A typical example of extraordinary progress and innovation in business is the solutions provided by Fintech companies – at the same time, they cause a lot of headaches for accountants... many times, they complain that they feel like they've gone back 10 years (in terms of how this documentation is processed).

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Digitalisation in accounting is the cornerstone of modern productivity

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The concepts of efficiency and productivity weren't invented by the younger generation of entrepreneurs and lecturers. In every serious accounting service, the questions of how to organize work processes optimally and how to guide the client through the month have always been addressed. However, many good practices – such as systematic archiving, labeling, Dofe and IFE folders, barcode usage, and much more – are now being replaced by digitalization and related systems.

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The development of DigiAce is co-financed by the Republic of Slovenia and the European Union from the European Regional Development Fund.

The development of DigiAce is co-financed by the Republic of Slovenia and the European Union from the European Regional Development Fund, with a financial support of EUR 54,000 under the P2 2022 call.
The aim of DigiAce is to automate the import of statements and transactions when dealing with FinTech providers. This promotes the transition to digital and more efficient business operations and encourages the recruitment of high value-added staff.
Short description of the results of the operation:
The operation has developed, refined and commercialised a web application for the conversion of business data through FinTech providers and its direct import into accounting and ERP software. In addition, we have developed and integrated the Bankconnect module, which allows a significantly simplified direct retrieval of bank statements also from traditional banks. Within the project, we have prepared the basics for building an API interface for more modern integration with other applications. In addition, the project implemented a number of other solutions, such as integration with the CRM system, integration with the payment and subscription system (Stripe) and a multilingual website - including a back-end multilingual interface (application).