19:43 9 July 2020
Finiata introduces intelligent financial planning service
Finiata introduces in Poland a digital and intelligent financial advisory service - Finiata Analityka With the introduction of this new function, self-employed persons, freelancers and small companies will be given the opportunity to review their cash flow for free. The service also offers tips and advice on liquidity planning. The analyses are based and generated automatically based on the findings of the Copernicus machine learning algorithm. The new function of the Analityka product not only forecasts the future financial liquidity of the company, but also shows in which areas of activity users can potentially save and how to overcome possible threats.
Research conducted in the second quarter of 2020 among owners of small and medium enterprises in Poland shows that 76 percent of them are afraid of losing financial liquidity. Over half of the surveyed entities expressed concerns about the need for demand for cash from external sources. Experts noticed a worrying trend of growing liabilities - at the end of March 2020, the company's receivables from banks and contractors amounted to PLN 33.2 billion, and a month later this amount increased by another PLN 572 million. Research also shows that 27 percent entrepreneurs are looking for tools or services on the internet that can help improve liquidity.
(WBJ)
