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Eyetech and Fyorin announce partnership to deliver a complete financial operations solution for SMEs with Microsoft Dynamics

Press Release
Accounting
Partnership
Accounts Payable
By
Karolina Jarosinska
|
July 9, 2024

Eyetech, a managed IT services business and premium Microsoft Dynamics 365 partner, and Fyorin are pleased to announce their partnership. As part of this partnership, businesses in Malta, Cyprus and the UK will be able to automate payables, receivables, streamline accounting, reporting tasks, and the unification of treasury.

The financial and accounting processes of SMEs are increasingly complex as they grow and scale, involving an increasing number of bills, invoices, incoming and outgoing payments, as well as banking relationships. Hence, businesses today need to rely on multiple systems to manage their payables, receivables, expenses, and reporting. As a result, manual work increases, delays occur, and costs are often increased, which impacts overall efficiency.

Eyetech provides bespoke cloud accounting and finance solutions with Microsoft Dynamics 365 to businesses in Malta and Cyprus. Using its financial operations platform, Fyorin provides Eyetech with unparalleled financial technology expertise, including automation of accounts payable and receivables, expense management that turns payments costs into earnings, treasury management and seamless reconciliation between multiple financial institutions, as well as the ability to connect existing accounts. By integrating Fyorin's platform with Microsoft Dynamics 365, Eyetech can now offer end-to-end financial operations solutions to their clients.

The partnership between Fyorin and Eyetech allows clients on Microsoft Dynamics to benefit from:

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Improved working capital and efficiency with automated payables: Using a two-way integration with Microsoft Dynamics 365, Fyorin can automate payables end-to-end, including centralising all bills, streamlining the approval process and facilitating global payments without requiring users to log in to separate banking systems. This reduces manual work, improves operational efficiency, and reduces costs for Eyetech clients eventually contributing to better control over the working capital.
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Getting paid on time thanks to accounts receivable automation: Fyorin simplifies receivable processes, allowing businesses to get paid faster and manage their cash flow more efficiently. SMEs on Microsoft Dynamics can generate invoices and payment links directly from the platform, track the payment progress, and reconcile them instantly in their accounting software. Additionally, the sub-accounts feature, which comes with its own dedicated IBAN, automatically separates incoming payments into distinct accounts for streamlined reporting and better control of revenue.
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Better budget and spend control with virtual multi-currency cards: Fyorin offers Eyetech clients the option of controlling and managing company expenditures, subscriptions, and employee expenses with virtual multi-currency cards. With an online dashboard, they can issue multi-use or single-use cards, set limits, and controls. In addition, they earn cashback every time they pay with the card, which can significantly reduce the costs of high-value purchases such as hosting and software.
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Significant time and money savings thanks to streamlining compliance and global banking operations in one platform: Fyorin's multi-banking feature allows SMEs to bank with multiple financial institutions as they would with one and create bank accounts in nearly 220 currencies to transact globally like a local and reduce banking fees. With that, Eyetech clients can pay suppliers and receive payments directly from Fyorin in any currency, without the need to maintain multiple bank accounts for payments.
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Improved decision-making thanks to 100% overview of the treasury under one roof: Fyorin centralises financial data from multiple financial institutions in one place, including the ability to connect to pre-existing banks, giving Eyetech's clients a real-time and accurate view of their cash position, spending, and treasury, along with easy reconciliation.

Overall, the partnership with Fyorin will bring Eyetech clients reduced costs, improved efficiency of financial operations and increased capacity for global growth.

As part of their partnership, Eyetech and Fyorin aim to provide SMEs around Malta with comprehensive financial operations and accounting solutions to help them meet their local and global growth goals. This partnership is once again a statement of the commitment to continuously innovate and improve how businesses transact and manage their finances globally.

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Karolina Jarosinska
Product Marketing Manager
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Karolina is the product marketing manager at Fyorin. She deep dives into topics like fintech, payments, unified treasury to extract the recent trends and insights and bring them to Fyorin's audience.

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