{"id":3558,"date":"2020-11-23T15:12:51","date_gmt":"2020-11-23T13:12:51","guid":{"rendered":"https:\/\/www.roweb.ro\/blog\/?p=3558"},"modified":"2023-03-29T16:10:03","modified_gmt":"2023-03-29T13:10:03","slug":"5-ways-to-use-financial-technologies","status":"publish","type":"post","link":"https:\/\/www.roweb.ro\/blog\/5-ways-to-use-financial-technologies\/","title":{"rendered":"<strong>Efficient Ways to Use Financial Technologies in Your Business<\/strong>"},"content":{"rendered":"\n<div class=\"suits\">\n    <p>Banking, insurance, trading, risk management \u2026 whatever industry your company belongs to, you know better than\n        anyone that financial technologies must become part of your business story.\n    <\/p>\n    <img decoding=\"async\" src=\"\/images\/new_design\/blog\/articles\/Efficient-Ways-to-UseFinancial-Technologies\/infographic-en-desktop.svg\" class=\"img-responsive simple-no-border hidden-xs\">\n    <img decoding=\"async\" src=\"\/images\/new_design\/blog\/articles\/Efficient-Ways-to-UseFinancial-Technologies\/infographic-en-mobile.svg\" class=\"img-responsive simple-no-border visible-xs\">\n    <p>&nbsp;<\/p>\n    <p>As incredible as it may seem to us today, this is how things worked when digitalization was only a promise with\n        no\n        deadline attached. (the biggest challenge being not only the technology but also the people&#8217;s willingness to\n        embrace\n        digitalization)<\/p>\n    <p>In the past 8 months, the new context forced people to educate themselves from the digital perspective.\n        Customers,\n        business owners, financial teams, etc., understood that procrastinating the adoption of digitalization is no\n        longer\n        a matter of choice and that it has to be done in no time.<\/p>\n    <p>So, here you are. Searching for the right digital solution that will help your business to look and feel\n        digital-savvy.<\/p>\n    <p>&nbsp;<\/p>\n    <h2 class=\"header-with-badget\">\n        #1 Simplify transactions &amp; track the documents flow\/client\u2019s status\n        by developing and implementing an invoice\/finance management software\n    <\/h2>\n<figure class=\"wp-block-image\"><img decoding=\"async\" loading=\"lazy\" width=\"770\" height=\"582\" src=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img1.png\" alt=\"financial technologies\" class=\"wp-image-3559 simple-no-border\" srcset=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img1.png 770w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img1-300x227.png 300w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img1-624x472.png 624w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/figure>\n    <p>This <a href=\"\/invoicer-invoice-management-software.html\" target=\"_blank\" rel=\"noopener noreferrer\">invoice\/finance management software<\/a> will be very useful for both accounting departament and top management:\n    <\/p>\n    <ul class=\"blue-checkbox\">\n        <li>\n            <strong>accounting department <\/strong>&#8211; easy and safe data management, fast access to financial documents,\n            smart data displaying and filtering, etc.\n        <\/li>\n        <li><strong>top management<\/strong> &#8211; quick overview of the customers\u2019 status and transactions\u2019 evolution, plus\n            easy access and transfer for the financial documents (anytime is needed).<\/li>\n    <\/ul>\n    <p>By developing a finance management software, you\u2019ll have access to several features:<\/p>\n    <ul class=\"blue-checkbox\">\n        <li>flexible tools for data management and export;<\/li>\n        <li>smart data displaying (listing, filtering, charts) for a faster and better overview;<\/li>\n        <li>automated processes for eliminating redundant and time-consuming activities (e.g., transforming the proforms\n            into invoices, exchange rate listing, and management, etc.) <\/li>\n    <\/ul>\n    <a href=\"\/invoicer-invoice-management-software.html\" target=\"_blank\" class=\"blue-button\" rel=\"noopener noreferrer\" style=\"margin-top: 15px; font-size: 11px;\n        line-height: 13px; margin-bottom: 50px; width:auto;\">See an example<\/a>\n    <h2 class=\"header-with-badget\">#2 Unify multi-parties financial processes by using a dedicated financial management\n        web app\n    <\/h2>\n    <p><a href=\"\/fgcr-credit-granting-software.html\" target=\"_blank\" rel=\"noopener noreferrer\">This type of solution<\/a> is very useful when your financial activities involve multi-party entities (clients,\n        external institutions, and your company).<\/p>\n    <p>For example, let\u2019s say you offer a financial product that needs approval from a bank. Usually, the client has to\n        take into account several steps for obtaining the product &#8211; completing request forms, bringing supporting\n        documents, requesting validation and approvals, etc. All these steps involve great effort and time consumption.\n    <\/p>\n    <p>On the other hand, disparate activities and working with several platforms (that are not synchronized) generate a\n        high risk of errors and delays in the process. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" loading=\"lazy\" width=\"770\" height=\"477\" src=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img3.png\" alt=\"financial technologies\" class=\"wp-image-3560 simple-no-border\" srcset=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img3.png 770w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img3-300x186.png 300w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img3-624x387.png 624w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/figure>\n    <p>So, <a href=\"\/fgcr-credit-granting-software.html\" target=\"_blank\" rel=\"noopener noreferrer\">using a dedicated financial management web app<\/a> allows you to:<\/p>\n    <ul class=\"blue-checkbox\">\n        <li>offer online registration of requests (and to send them automatically to the financing institutions \/banks);\n        <\/li>\n        <li>get faster and simplified exchange of documents between the parties involved in the processes;<\/li>\n        <li>benefit from optimized workflows for the entire financial process.<\/li>\n    <\/ul>\n    <a href=\"\/fgcr-credit-granting-software.html\" target=\"_blank\" class=\"blue-button\" rel=\"noopener noreferrer\" style=\"margin-top: 15px; font-size: 11px;\n        line-height: 13px; margin-bottom: 50px; width:auto;\">See an example<\/a>\n    <div class=\"blue-info image-pc\" style=\"width: 100%!important;\">\n        <div class=\"col-lg-10 col-md-12\">\n            <p class=\"white-block\"><strong>EARLY ADOPTION OR CUSTOMIZED SOFTWARE SOLUTIONS?<\/strong>\n            <\/p>\n            <p class=\"white-block\">Whatever your need is, we adapt fast to it and deliver you exactly the solution that\n                suits your interests best.\n            <\/p>\n            <p>\n                <a class=\"contact-us\" href=\"\/contact\" target=\"_blank\" rel=\"noopener noreferrer\">\n                    Get in touch with us\n                <\/a>\n            <\/p>\n        <\/div>\n    <\/div>\n    <p>&nbsp;<\/p>\n    <h2 class=\"header-with-badget\">#3 Offer digital-only solution to solve the most frequent financial activities of the\n        clients\n    <\/h2>\n    <p>Digital-only solutions are efficient ways to bring the most used financial tools (e.g., money transfer, exchange,\n        pawn, etc.) at your customers\u2019 fingertips (both figuratively and literally).<\/p>\n    <p>The solution must be developed based on a cross-devices journey scenario, so your client has constant access to\n        the digital tools he is interested in.<\/p>\n    <p>Types of features you can choose to integrate in the digital-only solution:<\/p>\n    <ul class=\"blue-checkbox\">\n        <li>real-time calculator;<\/li>\n        <li>on-app transactions;<\/li>\n        <li>direct contact tool;<\/li>\n        <li>updated info;<\/li>\n        <li>smart and secure registration and login;<\/li>\n        <li>transitioning history;<\/li>\n        <li>etc.<\/li>\n    <\/ul>\n<figure class=\"wp-block-image\"><img decoding=\"async\" loading=\"lazy\" width=\"770\" height=\"434\" src=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/image-13.png\" alt=\"financial technologies\" class=\"wp-image-3561 simple-no-border\" srcset=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/image-13.png 770w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/image-13-300x169.png 300w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/image-13-624x352.png 624w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/figure>\n    <p>You can opt for developing a web-only solution (e.g., a website optimized for mobile), or develop a suite of\n        integrated solutions (e.g., website + mobile app + CRM)<\/p>\n    <p>&nbsp;<\/p>\n    <h2 class=\"header-with-badget\">#4 Provide access to a 360\u00b0 customer-centric mobile app\n    <\/h2>\n    <p>Usually developed for banking services, this app is a great opportunity to place everything a customer needs and\n        expects in one place:<\/p>\n    <ul class=\"blue-checkbox\">\n        <li>movements;<\/li>\n        <li>transfers;<\/li>\n        <li>cards;<\/li>\n        <li>market overview;<\/li>\n        <li>online trading;<\/li>\n        <li>mails;<\/li>\n        <li>announcements;<\/li>\n        <li>info and tech support;<\/li>\n        <li>etc.<\/li>\n    <\/ul>\n<figure class=\"wp-block-image\"><img decoding=\"async\" loading=\"lazy\" width=\"770\" height=\"639\" src=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img2.png\" alt=\"financial technologies\" class=\"wp-image-3562  simple-no-border\" srcset=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img2.png 770w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img2-300x249.png 300w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img2-624x518.png 624w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/figure>\n    <p>&nbsp;<\/p>\n    <h2 class=\"header-with-badget\">#5 Increase customers\u2019 engagement with an intuitive and collaborative finance app\n    <\/h2>\n    <p>The opportunities for developing finance management apps for customers are unlimited. Literally.<\/p>\n    <ul class=\"blue-checkbox\">\n        <li>Shared wallets &#8211; for easy management of shared expenses<\/li>\n        <li>Monthly expense tracker &#8211; transactions and spends management<\/li>\n        <li>Personal financial analyzer &#8211; to track financial goals and gaps<\/li>\n        <li>Get-your-plan app &#8211; for shortening the process of getting a customized quotation<\/li>\n        <li>Insurance-broker &#8211; to give users a real-time overview of what insurance companies offer<\/li>\n    <\/ul>\n    <p><span style=\"color:#02638E;\"><strong>Need an example?<\/strong><\/span> Take a look at the following project:<\/p>\n    <p><strong>Shared Pockets: <\/strong>one of the first collaborative and the most user-friendly and customizable\n        budgeting app currently on the market.<\/p>\n    <p>Users can install it for free and start organizing their income streams, tracking their expenses, and managing\n        their budget, including for goals where they\u2019re pooling in money with other users, in any currency that they\n        need, as well as for cryptocurrencies and gas.<\/p>\n    <a href=\"\/shared-pockets.html\" target=\"_blank\" class=\"blue-button\" rel=\"noopener noreferrer\" style=\"margin-top: 15px; font-size: 11px;\n        line-height: 13px; margin-bottom: 50px; width:auto;\">Read more<\/a>\n<figure class=\"wp-block-image\"><img decoding=\"async\" loading=\"lazy\" width=\"770\" height=\"866\" src=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/image-11.png\" alt=\"financial technologies\" class=\"wp-image-3563 simple-no-border\" srcset=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/image-11.png 770w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/image-11-267x300.png 267w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/image-11-624x702.png 624w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/figure>\n    <p>&nbsp;<\/p>\n    <h2 class=\"header-with-badget\">Instead of conclusions (some takeaways):\n    <\/h2>\n    <ul class=\"blue-checkbox\">\n        <li>It\u2019s essential to know from the start what you want and need: a full-customized solution (made from scratch) or a fast development (based on a predefined solution architecture)?<\/li>\n        <li>Developing a financial solution by keeping the user in mind may seem overwhelming. That\u2019s why most of our clients <a href=\"\/contact\" target=\"_blank\" rel=\"noopener noreferrer\">request a consultation session<\/a> first &#8211; so we can give them pre-developing pieces of advice.<\/li>\n        <li>Postponing the development of a digital solution for financial activities may cost you a lot: errors and delays among the processes, lost opportunities in positioning on the market, unhappy clients who choose competition\u2019s services instead of yours, etc. So, why waiting when you can start a conversation with one of our experts?<\/li>\n    <\/ul>\n    <div class=\"blue-info image-pc\" style=\"width: 100%!important;\">\n        <div class=\"col-lg-10 col-md-12\">\n            <p class=\"white-block\">Not sure what type of digital solution suits best your company\u2019s interests?\n            <\/p>\n            <p class=\"white-block\"> Get advice from Roweb\u2019s experts\n            <\/p>\n            <p>\n                <a class=\"contact-us\" href=\"\/contact\" target=\"_blank\" rel=\"noopener noreferrer\">\n                    Book a free consultation\n                <\/a>\n            <\/p>\n        <\/div>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Banking, insurance, trading, risk management \u2026 whatever industry your company belongs to, you know better than anyone that financial technologies must become part of your business story. &nbsp; As incredible as it may seem to us today, this is how things worked when digitalization was only a promise with no deadline attached. (the biggest challenge [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3565,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[174],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/posts\/3558"}],"collection":[{"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/comments?post=3558"}],"version-history":[{"count":8,"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/posts\/3558\/revisions"}],"predecessor-version":[{"id":7867,"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/posts\/3558\/revisions\/7867"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/media\/3565"}],"wp:attachment":[{"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/media?parent=3558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/categories?post=3558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/tags?post=3558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}