Flyfish Review – Financial Management Service Offering Custom Solutions and Instant Payments

Flyfish Review – Financial Management Service Offering Custom Solutions and Instant Payments

For a business to stay afloat, it’s imperative that it receives and makes payments on time. But to succeed, you need to develop your services and give your client base something new. So, how does a business ensure seamless payments and transfers, as well as dedicate time toward business growth? The answer is to outsource one to focus on the other. Administrative tasks like payment processing can take a lot of time. Therefore, outsourcing it to another service like Flyfish can save you time for more business-oriented tasks like marketing and development. So, in this Flyfish review, let’s discuss what you can expect with such an option.  

Unlike cookie-cutter solutions, Flyfish takes a personalized approach toward each business. So, regardless of your size or industry, you get assistance that meets your specific needs. Here are some of the biggest perks.

Accurate Payroll Processing

No matter where you’re operating, corporate payroll compliance is a crucial aspect of business operations. It allows companies to fulfill their tax obligations while improving employee satisfaction. By ensuring accurate payroll processing, you don’t just increase employee satisfaction but reduce the risk of financial repercussions as well. And even if you rely on Flyfish for payroll processing, you get customizable solutions, like recurring automatic payments and executing payments separately.

A major concern among business owners is that they’ll have to face hidden or additional fees when paying affiliates, contractors, or employees. Corporate payroll services by Flyfish make it easier to pay employees with the click of a few buttons – all without hidden fees. In fact, its improved analytics system also keeps a record of your payments to generate reports, which gives your accountants a much-needed break. And if you’re concerned about data security, rest assured that all data is stored securely while keeping in line with current regulations.

Dedicated Business Debit Cards

If the thought of making supplier payments is enough to give you a headache, then maybe it’s time to get business debit cards instead. These solutions are a total game-changer that enables swift and secure payments to your vendors and suppliers. You can settle bills quickly, which is crucial for maintaining strong business relationships and preventing any roadblocks during operations.

You also have the option to order a business travel debit card, which simplifies expense management for frequent trips. So, if your business model requires meeting with clients or partners out of town or in different countries, having a travel debit card helps avoid the hassle of reimbursement paperwork. Instead, your employees can make business-related purchases using their designated card. Not to mention, these cards have great security features, like the option to set limits, so you won’t need to worry about unauthorized transactions.

Make Secure Cross-Border Payments

While signing up for a Flyfish account, all you need to do is provide a few important details regarding your business. Then, you can set up a dedicated business IBAN, which is entirely different from using a shared IBAN. One of the biggest perks is that it’s much more secure to make local and global transactions with a separate IBAN. In fact, you can have a dedicated corporate account regardless of your industry, services, or size.

Additionally, it facilitates SWIFT and SEPA transactions with ease, so you can make payments to cross-border vendors and suppliers. It also means that you can receive payments from clients in different parts of the world as well. Besides making simpler international payments, a dedicated IBAN also allows faster multi-currency SWIFT payments while offering perks like multi-factor authentication.

Monitor Transactions 24/7

To promote better transparency and security, Flyfish makes it simpler for business owners to monitor expenses and transactions. Using the application, you can set limits and rules for your business debit cards. So, if a specific transaction doesn’t meet certain criteria, it is declined or flagged as a suspicious transaction. To prevent unauthorized or out-of-policy purchases, you can block specific merchant types or ATM cash withdrawals entirely.

This can help you cut back on unnecessary expenses while keeping an eye on employee transactions. Similarly, you can block further transactions or freeze an employee’s debit card if they try to make out-of-policy transactions.

Bottom Line

Overall, there are various advantages that come with making the switch to a payment processing solution like Flyfish. For starters, your company can enjoy accurate payroll processing without the risk of errors or noncompliance. With a Flyfish business account, you can order dedicated business debit cards for your teams, allowing convenient day-to-day purchases. You can also register for a corporate IBAN, which is much more secure than a shared IBAN and allows you to make cross-border payments. And most importantly, users can monitor everything from one place so that it’s easier to adjust rules and limits as necessary.