It doesn’t matter if you’re just starting a business or have been around in the industry for years, keeping a steady cash flow is necessary to stay ahead of the competition. But when you’re constantly facing delays due to the lengthy process of international banking, this can become a little difficult. Not to mention, there’s an entire range of other financial tasks that need to be taken care of, such as tracking expenses and managing payroll. With a global payment platform such as Flyfish, all this becomes possible.
Simplifies Local and International Transactions
When your business has a corporate IBAN and multi-currency account, it simplifies your ability to make local and international transactions. Unlike a typical shared IBAN, you’ll be able to transfer funds quickly and easily, with greater transparency and security. Moreover, you can transfer funds to bank accounts in different countries – all without worrying about things like currency conversions or fees that come with international banking.
Flyfish enables users to manage, receive, and send money securely locally and internationally via SWIFT and SEPA transfers. When you have a corporate IBAN and account, you can scale back its solutions depending on your needs. So, whatever industry you’re operating in, whatever service you provide, and regardless of whether you’re a small or large business, you can benefit from a corporate IBAN.
Get Better Cash Flow and Cost-effectiveness
If I could name one important thing for a business to maintain operations, it’s cash flow. Without it, you can’t pay employees or suppliers – everything comes to a grinding halt appliancesissue. This problem is exacerbated when your business works with companies across the border, as the hurdles of international banking make it harder to maintain timeliness. Thankfully, having a corporate IBAN and multi-currency account makes it easier for businesses to improve cash flow.
When you have a corporate IBAN by a service like Flyfish, you can easily transfer funds between bank accounts in various countries. This helps you avoid any delays in payments and improves your cash flow. Another advantage of having a corporate IBAN is that it offers a rather cost-effective option for businesses that rely on international transactions. This is especially the case for small or family-owned businesses that rely on cross-border sellers and clients to make money. When they can avoid the typical charges and conversion fees of cross-border transactions, it’s easier to make a profit.
Lower Risks and Security Concerns
Just the thought of facing security concerns while making international transactions can make you nervous. Having a corporate IBAN can reduce your exposure to such risks by making it easier to track transactions in multiple currencies. This reduces the risk of errors and simplifies account reconciliation. Besides this, Flyfish makes a difference by allowing contactless and secure payments through Google and Apple Pay. It even keeps your data and funds protected through measures like multi-factor authentication and 3D secure cartoonwise.
In fact, you’ll get centralized control over the whole of its features, including things like corporate card usage. This means you can restrict the type of transactions and purchases made using corporate debit cards as well. And if you’re providing one card to each department, you can even limit their purchases and what kind of purchases they make.
Integrate Your Corporate IBAN Into Existing Systems
Despite the benefits that a dedicated corporate IBAN can provide, many businesses avoid getting one because they worry that it can’t be integrated into existing systems. The answer to that question is: yes! In fact, the whole point of a unique IBAN is to that you can seamlessly integrate it into your company’s current system. This way, when you integrate it, your business can smoothly transition to the new model. At the same time, you don’t need to worry about any disruptions affecting the company’s financial operations.
Plus, Flyfish offers greater security, transparency, and financial control to help empower your business. You’ll be able to benefit from the efficiency and convenience of a corporate IBAN service that’s designed to enhance financial operations. Additionally, you can issue corporate debit cards to teams as a way to manage smaller expenses without the hassles of an administrative process networthhaven.
Bottom Line
To sum it up, Flyfish is an advanced global payments platform that allows clients to make local and international payments with convenience. Through Flyfish, you can manage corporate payroll based on your company’s current model. Whether you pay through bank transfer or want to top up their corporate debit cards, it’s up to you. Similarly, you can issue corporate debit cards so that team members can pay for company expenses without a tiring administrative process. But perhaps the greatest advantage is that you can make timely payments and receive money on time. This helps you build trust with employees and helps maintain a steady cash flow.
