SKsoft vs Fyorin
Compare Fyorin & SKsoft based on efficiency of automated payables, receivables, fees, financial operations functionality and other benefits.
Fyorin vs SKsoft feature comparison
Global Wallet - 220+ currencies | ||
Domestic payment routes | ||
Dedicated account | ||
Automated payables | ||
Bulk payments | ||
Automated payroll | ||
Automated receivables | ||
Sub-accounts | ||
Expense Management with automated posting in Dynamics | ||
Cash rebate on card spend transaction | ||
Connect existing bank accounts | ||
Microsoft Dynamics 365 integration | ||
Unified Treasury management across different financial institutions | ||
Diversification of liquidity risk | ||
API capabilities | ||
Buy now pay later | ||
Pay via your existing bank | ||
Accounts Payable Automation
SKsoft and Fyorin both offer accounts payable automation solutions that streamline payments and eliminate manual work. A two-way sync with Dynamics 365 streamlines approvals, streamlines payments, and eliminates manual reconciliation. The key difference lies in the payment process. SKsoft requires you to bring your existing banks in order to process payments, while Fyorin lets you do it directly from the platform, through the global wallet, as well as through your existing bank accounts.
Accounts Receivable Automation
Fyorin and SKsoft offer accounts receivable solutions with integration to Microsoft Dynamics 365, the ability to create links and invoices directly from the platform, and the functionality to track payments. Besides basic receivables, Fyorin's accounts receivable solution offers Sub-Accounts. Sub-accounts come with a dedicated IBAN and incoming payments are automatically segregated to help manage cash flow and reporting.
Accounts Receivable Automation
Bill and Fyorin offer accounts receivable solutions with integrated accounting, the ability to create links and invoices directly from the platform, and the functionality to track payment progress. Bill and Fyorin differ primarily in the tools they integrate with - Fyorin offers a wider range of integrations than Bill. Conversely, Tipalti does not offer any accounts receivable solutions.
Global Payments & Diversification of Treasury
In contrast to SKsoft, where businesses can only conduct payments and treasury operations through pre-existing financial institutions, Fyorin gives you the opportunity to bank with multiple institutions as you would with one. This allows you to access 220+ currencies and automate payments globally without the need to build and maintain multiple banking relationships. Using Fyorin, you can easily diversify your treasury risk as your business grows and protect your long-term financial health.
Spend management & cards
Fyorin offers a solution that SKsoft lacks entirely - business expense management. You can issue business and employee cards to better control and monitor spending and eliminate out-of-pocket expenses. Cards from Fyorin come with a high initial limit which makes them suitable for large purchases. In addition, they come at 0% transaction costs and you receive cash back on every purchase, allowing you to improve your bottom line.
