CashDirector is an artificial intelligence enabled and cloud-based digital platform that offers a Digital Business Assistant to MSMEs – mainly small firms, micro companies and entrepreneurs (including professionals, self-employed, craftsmen, retailers, etc.). MSMEs can save time by automating daily finance administrative tasks and better manage cash-flows by understanding real future cash inflows and outflows and obtaining financing in an automated process when needed.
“CashDirector is integrated with on-line banking and offered as a white-label or a partner label solution” – says Paolo Ravasi, General Manager Italy for CashDirector since February 2021. By partnering with us, banks and other providers of financial services can integrate our service into their online portals or apps as part of the their core banking or financing value proposition, branded with their own name and logo. Our business partners also obtain invaluable touch-points, otherwise not available to them, so that they can develop personalized offering to the existing and new MSME customers, assess the related risk more accurately and distribute the personalized offer in an automated and efficient way. As a result, our business partners generate additional revenue, reduce risk and enhance efficiency, well positioning themselves with MSMEs to become their preferred choice for financial services”.
CashDirector features a number of integrated functionalities:
- Pay-and-get paid: issuance of sales invoices, recording of expense invoices via mobile app, OCR of expense invoices, automated reconciliation of invoices and payments, active monitoring of receivables and payables, real-time performance dashboard with daily assessment of VAT, remote access of documents to accountants.
- Cash-flow management: cash-flow planner, integrated cash balance view (via PSD2), balance alerts, “funding” touch-points (sales and expense invoices, net working capital).
CashDirector has successfully proven its functionality and business model in Poland (mBank, part of the Commerzbank group, and othe banks) and Belgium (Aion), while market pilots in other EU countries are in progress. CashDirector received also many globally acclaimed awards, eg. Celent Model Bank 2018 award for small business (with mBank), EFMA, MIT and participated in prestigious business development programmes, eg Techstars, Plug & Play, PwC, EIT Digital.
CashDirector was originally founded in Poland by 3 serial entrepreneurs in 2012. it has recently launched operations in Italy, France and Germany as part of the international expansion and building CashDirector Europe. CashDirector is currently supported by two VCs: Luma Ventures and EEC Magenta.
“Our Italian platform is now ready – adds Ravasi – and we very keen to start our first partnership in the Italian market”.
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