Here’s how Finly is helping businesses track spends across all digital financial instruments and save money
25 Jan 2019 10:01 AM IST
Founded in 2015, SaaS-based platform Finly lets businesses automate, track, and streamline business spends, ensuring financial efficiency and cost savings. Friends since they were teenagers, Veekshith...
- Founded in 2015, SaaS-based platform Finly lets businesses automate, track, and streamline business spends, ensuring financial efficiency and cost savings.
- It's what led them to launch Finly, a business spend and expense management system.
- After feedback, multiple iterations, and a lot of detailed ideation, we froze upon Finly and built a prototype to get our first set of customers.”Bengaluru-based Finly helps automate and streamline business spends, offering software for business expense management, digital fund disbursement, vendor payments, and GST-compliant invoicing and payments.
- sector]Why expense management?Enterprises use expense management software largely to track and audit employee-initiated expenses, including travel and entertainment.
- However, most software doesn’t solve the purpose because of two main reasons: excessive dependence on tools like spreadsheets and emails, and disconnected payments (due to current banking technologies).This ends up in lack of real-time visibility, low policy compliance, and the need for larger spends to manage finance teams.
Next Story
