APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    How FinTech Can Bolster Small Businesses

    FinTech companies make these tools affordable for SMBs. Linking business credit with accounting software to automatically pay off credit without any human interaction is widely practiced by organizations.  

    How FinTech Can Bolster Small Businesses

    By

    Apac CIOOutlook | Thursday, January 01, 1970

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    Fintech is disrupting the conventional financial services. It does not just touch the financial services sector but every operation of financial industry such as mobile payments, loans, money transfers, asset management, fundraising and more. FinTech startups are small and agile and small businesses can use them to their advantage. Here are a few tips on using FinTech for small businesses. 

    Acquiring Business Loan Funding

    FinTech assists small business owners in obtaining the required funding. Small business owners used to opt for small, local banks but FinTech startups have opened up a new platform which provides fast and straightforward online lending. Additionally, they have increased awareness regarding Cryptocurrencies like Bitcoin to help fund small business and make other payments. Bitcoin offers flexibility to business owners by providing a different approach to payments.

    E-Invoicing

    Electronic invoicing allows business owners to automate payments and reduce cash flow challenges. This technology reduces the amount of human interaction required to process payments and makes it instant and straightforward without any geographical boundaries hampering the process. By lowering the people involved to get the job done, the companies can save a lot of money.

    Tenant Management

    Property managers, landlords, and real estate agents are getting on the FinTech revolution. They can efficiently manage their tenants remotely by sending them rent notices and accepting payments with their smartphones. This process helps them boost productivity.

    Cybersecurity

    Cybersecurity is a big issue for business owners, and even small businesses must keep their data secure. FinTech brings cybersecurity to these small organizations via various software packages to improve their defenses. Even the non-technical business owners can install and manage this software.

    Get Cash from Invoices Instantly

    Majority of startups fail because of poor cash flow management skills. As an example, if invoices are paid with a payment term of 90 days, startups have to issue free loans. Waiting for 90 days for the payment is something that small businesses cannot afford. Several startup resources offer a range of options that help these small businesses to finance these receivable instantly. 

    Affordable Account Management Tools

    There are a lot of tools that are crucial for a business’s success like an accounting profile and managing client profiles. Small companies can’t afford these tools because of the cash crunch. FinTech companies make these tools affordable for SMBs. Linking business credit with accounting software to automatically pay off credit without any human interaction is widely practiced by organizations.

    Automate Monthly Payments

    There is more than one way to accept customer payments. Automating monthly variable payments, one-off payments and fixed subscription and membership payments improve the timeliness of the payments. Additionally, it removes the possibility of human error causing delays in the payment process. FinTech makes real-time customer service, accepting payments, paying employees and managing inventory while spending less money.

    See Also:

    Top FINTECH Companies

    Top Fintech Consulting Companies

    More in News

    The Journey Towards Smart City Development

    The Journey Towards Smart City Development

    Harnessing Big Data Analytics to Enhance Business Strategies

    Harnessing Big Data Analytics to Enhance Business Strategies

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    Impact of Digital Transformation on Retail

    Impact of Digital Transformation on Retail

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/how-fintech-can-bolster-small-businesses-nwid-5809.html