In this day and age, there’s a world of difference between running a business and running it well. With so much competition, companies need to be quick on their feet when it comes to maintaining steady cash flow and inventory from suppliers. However, that requires swift transfers and payments, and if you’re dealing with international wholesalers and clients, this becomes much more difficult. So, what’s a business owner to do? Although international banking has become quite a hassle, things are simpler thanks to global platforms such as Flyfish.
Considering its range of different features, it’s worth taking a look at its different offerings and how they can assist your business in getting ahead of the competition. This Flyfish review goes into detail regarding what you can expect from the platform once you sign up.
Issue Debit Cards for Day-to-Day Expenses
Let’s start with the most functional feature that it offers: the business debit card. Once you sign up via the hassle-free registration process, you can instantly issue debit cards to your suppliers and team members. With these debit cards, your business can improve expense management and make payments on a global scale. If you think about the typical process involved in making business expenses, team members need to secure approval and apply for reimbursement, which can take quite a while. On the other hand, using debit cards streamlines the entire process.
Rather than going through the trouble of submitting reimbursement applications and verifying receipts, teams can make purchases through the card. As the business owner, you can control what purchases are and aren’t allowed through the debit cards. For instance, you can limit cash withdrawals.
Register For a dedicated business IBAN Account
Typically, IBANs are shared by multiple entities, but a dedicated business IBAN is a unique number that’s assigned to your business exclusively. Because it’s not shared by many people, you get a much more secure and personalized solution for business transactions. You’ll be able to make both SEPA and SWIFT transactions, which allow you to transfer money locally and internationally. There are plenty of perks that come with signing up for a dedicated IBAN account. You can make cost-effective international payments in different currencies.
Another reason why Flyfish is a suitable payment platform is that its dedicated business IBAN services are secure. This means your assets stay protected, allowing confident transactions. With integrations such as fraud detection, multi-factor authentication, and encryption of personal data, you can rest assured that your data and funds are secure.
Easy Signup Process
The signup process with Flyfish is easy and doesn’t require you to leave your home or office – you can do it online. Once you get a dedicated IBAN account, you can manage business transactions with ease through instant SEPA and SWIFT transfers. Regardless of your corporate structure, Flyfish can handle all types of business use cases. You can reimburse suppliers quickly, take control of employee spending, and manage expenses through immediate access. Additionally, Flyfish is able to provide impressive security by supporting Apple Pay and Google payments, allowing users to make secure and contactless payments. Not to mention, you can issue unlimited corporate debit cards for all your business needs.
Manage Payroll with Ease
Now, you can make sure that your local and international teams get paid on time with efficient payroll services. With Flyfish, you can outsource corporate payroll processes to professionals. This doesn’t just make things more convenient, but by taking the manual work out of calculating payroll, you ensure greater accuracy and fewer compliance risks. At the same time, you can reduce the number of compliance-related risks and level up your data security to prevent confidential information from falling into the wrong hands.
At the same time, you can improve access to expert support, allowing you to focus on more important things. For instance, growth initiatives that help scale your business in new markets and industries. Meanwhile, Flyfish will handle the complexities of payroll organization. That being said, it’s essential that you select a corporate payroll provider that adheres to high standards of security. Flyfish does this and doesn’t levy any hidden fees that could impact your overall budget.
Bottom Line
In essence, Flyfish is a global payment platform that’s designed to allow convenient and seamless transfers both locally and internationally. My review discussed how it issues debit cards that allow employees to handle day-to-day expenses without facing the hassles of an administrative process. Similarly, business owners can register their business for a dedicated business IBAN to allow quick and easy payments to sellers. It also gives you an entire infrastructure to track expenses and manage payroll. Once you let Flyfish take the reins for payment-related tasks, you can move on to high-priority tasks such as growing the business and developing new products.
