Digital Accounting
Digital Accounting platforms allow businesses to automate lengthy manual processes to run leaner operations. From invoice reconciliation to bookkeeping and payroll, these platforms improve operations for millions of businesses around the world, particularly in the SME market.
Problem
Banks often keep their APIs behind closed doors to all but their biggest enterprise clients. This means SMEs and early-stage enterprises have to spend a lot of time processing their accounts manually with third-party help.
Solution
Lean allows businesses to create automated workflows that hook directly into their bank. From invoice and payroll processing, to tax returns and book keeping.
How Lean helps Digital Accounting.
Balance
Digital Accounting Platforms can keep track of money remaining within the customer’s account to assist with reserve capital management and expenditure.
Transactions
Digital Account platforms can perform profit and loss analysis, reconcile payments, and help customers better understand their finances.
Fintech-to-customer Payments
Digital Accounting Platforms can use programatic payment initiation to disburse payments to suppliers and employees, thus ensuring timely payment of dues and avoiding fees related to late payments.