Small and medium-sized enterprises (SMEs) – including startups, self-employed specialists, and entrepreneurs – are the backbone of the European economy. Representing 99% of all European businesses, SMEs employ nearly 100 million people and contribute over 50% to the European GDP. To help these businesses thrive, Finom, an Amsterdam-based financial platform, offers a suite of innovative tools and services designed specifically for entrepreneurs, freelancers, and SMEs.
Finom boasts a customer base of over 100,000 users across Europe. The platform is designed to streamline financial operations and provide entrepreneurs with the same tools and advantages as larger companies. With Finom, European businesses can take advantage of convenient financial tools, accounting integrations, and invoicing solutions, all aimed at creating a level playing field.
Key Features of Finom
Finom integrates business accounts, expense management, and accounting into a seamless, mobile-first platform. Customers can issue physical and unlimited virtual cards, set limits for each one, and securely manage domestic and international payments.
Tailored solutions for startups: Finom offers a range of tariff plans, from a completely free Solo plan for freelancers to an Enterprise plan for larger companies with dozens of employees. These tools enable startups to scale their operations rapidly and even expand internationally.
- Mobile-First Platform: Accounts can be opened fully online via smartphone or desktop.
- Multibanking: Customers can integrate an infinite number of existing bank accounts.
- Simplified Invoicing: Customizable invoice templates help businesses get paid faster.
- Accounting Integrations: Entrepreneurs can connect their preferred accounting tools to match receipts and invoices effortlessly.
- International Transfers: Users can send and receive money in over 20 currencies from 150+ countries.
Tax management
With Finom, entrepreneurs can manage their taxes by themselves or reduce their accountant’s paid hours.
- Auto integration of invoicing with Finom API in any e-store, CRM, or ERP
- Automated upload of documents and transactions
- Extract data from receipts or any other document with an auto-recognition feature
Expense control
Startups that operate under tight budgets may benefit from extensive control instruments.
- Card expenses: Issue, top-up, or limit cards for employees in a couple of clicks
- Receipt storage: Get employees’ receipts uploaded and securely stored.
- Data collection: You can bulk export documents and transaction data.
- Cashback: Depending on the plan, Finom customers can get up to 3% cashback on every transaction – it may be enough to pay for the plan itself.
In summary, Finom offers versatile financial tools for entrepreneurs, freelancers, and SMEs all across Europe. It integrates essential financial solutions into a convenient platform, streamlining financial operations and supporting business growth. With features like multibanking, simplified invoicing, and international transfers, Finom empowers small and medium-sized enterprises to compete more effectively in difficult markets. Visit Finom’s website to learn more and open a business account!
Read the orginal article: https://www.eu-startups.com/2024/07/finom-empowering-european-smes-with-cutting-edge-financial-solutions-sponsored/
