Sustainable financing has become a crucial component for the economic and social growth of SMEs in Colombia. Its objective is to promote business sustainability, that is, the ability of an organization to operate responsibly in the economic, social and/or environmental spheres, ensuring its long-term growth without compromising future resources.
However, This issue has become one of the biggest challenges for 99.5% of Latin American SMEs.
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In this context, Finaktiva’s Supply Chain Finance emerged as a tool to support companies on their path towards sustainability.
This multi-funding platform allows you It allows large corporations to offer their suppliers a direct channel to manage their invoices and optimize their cash flow and liquidity, reducing the overload in the areas involved.: treasury, accounting and purchasing, thanks to process automation.
In this way, SMEs can also access the different services offered by Finaktiva, such as credit, factoring and confirming, and can even access business training programs. However, the most interesting thing is that this Colombian fintech becomes the ally of these large companies to leverage the sustainable growth of their supply chain, build loyalty in their community and design support programs on issues of financial inclusion, governance and good business practices that positively impact the ESG criteria of large companies.
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“This not only improves the liquidity of SMEs, but also benefits large companies by optimizing the relationship with the supply chain and fostering sustainable businesses, promoting responsible practices that have a positive impact on the entire value chain, both economically and socially and environmentally. In this way, small and medium-sized companies can maintain their cash flow and operate efficiently, minimizing the risks associated with a lack of capital,” highlights Pablo Santos, co-founder and CEO of this fintech.
The Finaktiva Suite provides SMEs with a financial management tool that allows them to anticipate their liquidity needs, receive financial recommendations to make adequate financial planning and make better decisions. In addition, it allows them to access financing under more favorable conditions in terms of time, rate and access, promoting their economic growth and operational stability, making them sustainable companies.
Since the implementation of this new platform, significant progress has been made in several key indicators, both for the fintech and for the companies that access its services.
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According to the firm, in the last year, around 63,240 transactions were observed.
An added benefit is that the platform enables companies to continuously monitor the financial and social performance of their suppliers, ensuring they work with partners who meet high sustainability standards, which promotes economic and social well-being throughout the supply chain.
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