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Fluidly boosts cashflow management offering with new funding tools

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September 07, 2020

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UK FinTech Fluidly today announced the addition of end-to-end funding tools to its cashflow management solution in a bid to offer pre-qualified funding options to businesses. The new funding tools, along with the platform’s existing features like forecasting, planning, debtor management, will enable accountants to deliver essential cashflow advisory during the COVID-19 recovery era.

Caroline Plumb OBE, founder and CEO of Fluidly said, “Funding is the natural extension of our app. Cashflow forecasting is a starting point that lifts the lid on what’s going on in a businesses finances, and once accountants have that visibility, they need tools to help their clients take action. Our planning, debtor management, and now funding tools all work together to help accountants improve their clients’ bank balances.”

“During Covid-19, 65% of scenario plans created in Fluidly were about survival, but as the economy recovers businesses will look to invest in growth. This is where funding comes in. Fluidly provides accountants with everything they need to help clients secure the finance they need to grow again.”

Fluidly works with lenders, including Funding Circle, Esme, NatWest, and iwoca, to match businesses with the finance they need. The FinTech has also enhanced its product offering with the inclusion of a scenario planning feature and provides dedicated broker service for offering specialist advice in a compliant way.

Sian Kelly, managing director at Inform Accounting, said, “Over the last six months we’ve been stretched thin providing support to all the clients that have needed it. We couldn’t have launched funding during such a busy time if it wasn’t for the low-touch way Fluidly structures its service. It’s been great having Fluidly as a trusted partner, identifying which of our clients are in greatest need of funding and making sure they get the right financial product.”

Fluidly’s app integrates with cloud accounting packages and is designed to help accountants provide support for small businesses. Fluidly matches businesses with relevant products from a carefully curated range of financial providers within two minutes.

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