FinTech Awards 2023 Wealth & Finance 23. Jun23426 Best SME Financial Operations Platform 2023 (USA): FynOps FynOps is aimed at small to medium sized businesses who struggle to get the financial data they need in a timely manner. It offers a simplified operations platform that brings together multi-channel financials and insights in one place to provide up to the second information about the monetary health of their business. FynOps offers its client businesses ease of integration and powerful multimodal automation, enabling financial data to be synchronized with their bookkeeping software accurately and in real time. It has a strong focus on B2B FinTech, providing clients with a range of services useful to them. One of the major advantages it offers is the ability to connect financial data from various sources seamlessly. This ensures that data is synchronized by FynOps in combination with the client’s accounting software such as QuickBooks Online. In addition, the FynOps platform includes multimodal intelligent automation that makes financial processes more efficient, and reduces manual work for clients. This multimodality supports standards-based application programming interfaces (APIs) as well as non-structured ways of processing data such as email, cloud storage and robotic process automation (RPA). It gives FynOps the ability to connect with almost any third-party system or data set. Consolidating multi-channel financials and insights into a single platform is another key feature FynOps offers. To do this it uses a financial knowledge graph known as FynGraph. It then layers on top powerful financial datadriven Generative AI to provide the all-important insights and advice. Clients are provided with a comprehensive end-to-end view of their financial data, making it easy to see how everything is connected. This eliminates the need for spreadsheets and pivot tables based on data exported from multiple disparate systems. Monica Roca is the co-founder and CEO of FynOps, having amassed over 25 years of experience in accounting and the implementation of financial systems across both small and large U.S. corporations. The inception of FynOps stems from Roca’s recognition of the challenges faced by small business proprietors in harmonizing their financial, accounting, and back-office functions with the demands of their frontoffice responsibilities. Roca’s insight revolves around the notion that a greater degree of automation within accounting is imperative to alleviate time and financial constraints for small businesses. Walter Quesada, the co-founder and CTO of FynOps, brings to the table extensive expertise in deploying advanced technology and scalable processes. Prior to his role at FynOps, he held the position of Director of AI and Emerging Technology at PricewaterhouseCoopers (PwC). His substantial experience renders him an invaluable and erudite member of the team, responsible for catalyzing innovative systems such as the recently introduced ‘Continuous Innovation’ framework for product development. This framework encompasses a perpetual sequence of stages including hypothesis formulation, research, experimentation, collaborative partnership, iterative refinement, testing, quality assurance, and production. The approach that FynOps uses is proven, and prioritises the best possible services for its clients. It believes in offering a client-centric resource that delivers exceptional products specifically focused on responsiveness, personalised support, trust, and a userfriendly interface. The company also values a continuous feedback loop, and provision of proactive support. It has already processed more than $5M in merchant revenue reconciliations, and over 50,000 automated transactions. This has saved customers over 10,000 hours of tedious work. It aims to stay ahead through carefully learning and absorbing up to date market intel, done as part of its continuous innovation cycle. Part of this work involves constantly researching, and collaborating with industry peers as well as its own customers. It also dedicates time to evaluating new technologies and learning new skills each week. FynOps believes that the internal culture it fosters plays a significant role in the value it brings to clients. It influences its approach to innovation, customer focus, collaboration, and adaptability. The company has a strong growth mindset, and an excellent internal work ethic. Its team have a willingness to learn and adapt to the evolving fintech landscape, which drives success in the market for both FynOps and its clients. Looking to the future, FynOps has plans to introduce new features requested by customers over the next few months, in addition to new integrations, further AI investment, and increased data analytics capabilities. This will enable its SMBs to easily leverage cutting edge technologies and also outsmart their competition. The company is actively seeking strategic partnerships to accelerate growth and innovation. It’s working towards SOC2 certification as well, so it can solidify customer trust with its robust security measures. For the remainder of 2023 the focus is mainly aimed at further growth, and promotion of the customer feedback loop. The goal at FynOps is to continuously meet evolving customer requirements and deliver an exceptional financial operations platform for all of its valued clientele. It has recently been announced as the Best SME Financial Operations Platform 2023 (USA): FynOps. This title, from the FinTech Awards, is a fitting tribute to an estimable company, constantly striving to make a positive difference for so many small to medium sized businesses. Company: FynOps Web Address: https://fynops.com Contact Name: Monica Roca
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