For almost all SMEs and some large enterprise or organizations, local B2B payments are usually settled by cheques, needing paper works, counterchecks, step by step approvals, data/journals input, cheques/remittance&clearance if in a good internal control.
After each month process, there were like 4 or 5 large storage boxes for physical invoices to keep for audit purpose and reference.Fintech companies largely focus only on cross border payments and something else.
All along I've been searching for a better way since when I got frustrated spending my time on messy payments routine and digging a few piece of papers out from huge storage room for auditors and sometimes for tax authority and banks.
That ambition still lives within me.
effective B2B settlements for SMEs.
Unlikely that I could make it for coming Fintech Festival to check out exhibition boots, and try out what people had created.
But I'd keep all possibilities open till the end.
