Outsourcing allows firms to innovate
For Stephen Dawson, CEO and founder of fintech start-up Grapple, outsourcing the finance function to an accounting firm allows him and his team to focus on the actual business of growing the business.
Grapple is a peer-to-peer lending start-up which allows businesses to borrow against invoices owing to them by connecting them with investors looking for returns. It operates in a similar way to marketplace personal loan provider Society One and in fact uses the same matching technology, Clearmatch.
Uniquely, Grapple can use the invoices to create a flexible line of credit facility for its customers, which means they only borrow as much as they need.
The fintech draws on trusted expertise from innovative accounting firm Mazars Australia to take care of its daily transactional finance needs, up to strategic advice.“It really just allows us personally to focus on growing the business,” Dawson says.
“We have that peace of mind that we’re fully compliant and have real-time information to make those strategic decisions while not having to deal with the day-to-day or the monthly reporting and compliance regulations.”
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