Software Development
Bankify partnered with the renowned software development firm, Itule Company Limited, to enhance the way small and medium-sized enterprises (SMEs) manage and monitor their client invoices.
Client
Bankifi
Date
June 2021
Services
Website
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Bankify, a cutting-edge technology company, offers a platform that seamlessly integrates all the essential elements for constructing sustainable financial solutions for customers. Leveraging open banking and artificial intelligence, Bankify enhances the customer experience, boosts revenues, and achieves personalization and automation in financial services.
Bankify encountered a pivotal challenge in their mission to expedite payment processes for small and medium-sized enterprises (SMEs) from their clients. They sought a solution to overhaul SME invoice recording systems, making it easier to identify and emphasize outstanding bills.
The skilled professionals at Itule Limited worked closely alongside Bankify to craft and deploy an automated system for tracking invoices.
The integration of SME business bank accounts with their accounting packages facilitated effortless generation and viewing of invoice lists, enhancing overall efficiency.
The introduced system led to a more rapid review of invoices and enhanced follow-up on unpaid bills.
Customers experienced an improved ability to collect funds from clients with outstanding invoices in a more timely manner.
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