New Fintech Factris Platform Enables Automated SME Funding

Factris, a leading fintech company, has recently announced major changes to its FAB (Finance Automation for Business) platform. These changes include same-day payments, streamlined onboarding, and fraud prevention features for European SMEs. The new platform has been simultaneously released in all five of Factris’ markets – Belgium, the Netherlands, Poland, Latvia, and Lithuania.

The new platform incorporates automation and AI features that enable adaptations to local languages, currencies, and regulations. This allows Factris to expand its services into new markets in the EU, providing faster approval, direct control of accounts, and easier access to funds for European SMEs.

These changes represent a significant improvement over the original FAB platform from 2018, offering same-day payments, faster debt collection, streamlined onboarding, and access to multiple insurers and funders. Clients and brokers can now use self-service portals to manage their information, submit invoices, monitor statuses, and view reports.

One of the most exciting additions to the platform is the AI-enhanced Robot OCR Tool, which uses optical character recognition to process invoices quickly, streamlining workflows and increasing productivity.

CEO Brian Reaves expressed his enthusiasm for the new platform, stating that it will allow Factris to expand its financing services across the EU and help even more SMEs receive the working capital they need. With these new automated capabilities, Factris is well-positioned to provide quick, affordable capital to SMEs across Europe.

For more information about Factris and its new platform, visit http://www.factris.com.

In conclusion, Factris’ new FAB platform represents a significant step forward for the company, providing enhanced capabilities and automation to better serve European SMEs. With same-day payments, streamlined onboarding, and fraud prevention features, Factris is well-equipped to expand into new markets within the EU. This new platform is a testament to Factris’ commitment to providing quick, affordable capital to SMEs across Europe, utilizing the latest financial technology and personalized guidance.

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