Fyorin and Scope forge partnership to elevate SME success in Malta and the Middle East

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This collaboration marks a significant leap forward, offering SMEs in Malta and the Middle East a comprehensive suite of financial tools.

Fyorin, a pioneer in financial operations solutions, is delighted to announce a strategic partnership with Scope, a leading EMEA software reseller renowned for its accounting solutions. This collaboration marks a significant leap forward, offering SMEs in Malta and the Middle East a comprehensive suite of financial tools designed to streamline operations and spur growth.

A Unified Solution for Financial Operations

SMEs often grapple with the complexities of multiple banking relationships and fragmented financial systems, hindering their operational efficiency. Recognizing this challenge, Scope and Fyorin have joined forces to integrate essential financial operations with accounting solutions, providing a seamless, efficient framework for businesses to thrive.

Key Partnership Benefits:

• Comprehensive Treasury Control: Fyorin’s platform revolutionizes treasury management by consolidating financial data from various institutions into a single dashboard. This empowers businesses with real-time visibility into their cash positions, spending, and treasury operations across different currencies and banks. SMEs can now make informed decisions with a holistic view of their financial health.
• Simplified Multi-Banking Solution: Fyorin addresses the complexity of managing multiple banking relationships by offering a centralized platform for SMEs. This innovation allows businesses to open and manage bank accounts in nearly 220 currencies, significantly reducing the need for multiple banking platforms, thereby cutting down on banking fees and administrative overhead.
• Automated Real-Time Reconciliation: Leveraging advanced integrations with top accounting software like Xero, Quickbooks, and Zoho, Fyorin automates the reconciliation of invoices, marking them as paid or partially paid. This feature eliminates hours of manual work, ensuring accuracy and freeing up valuable resources for other business-critical activities.
• Efficient Multi-Currency Payments and Budget Control: Through this partnership, Scope clients gain the ability to execute supplier payments directly from their accounting platforms. Fyorin’s sophisticated routing ensures payments are made in the supplier’s preferred currency and method. Additionally, Fyorin’s sub-accounts feature enables businesses to segregate receivables, each with its own dedicated IBAN, facilitating better financial organization and budget control.
• Virtual Multi-Currency Cards: Fyorin introduces a secure, flexible solution for managing online payments and subscriptions through virtual multi-currency cards. These cards can be issued for multi-use or single-use purposes, with customizable limits and controls. Businesses benefit from enhanced security and the opportunity to earn cashback on transactions, turning routine expenses into rewards.
• Transparent Approvals and Reduced Operational Costs: The partnership enhances payment approval workflows with clear roles and permissions, ensuring timely transactions. By streamlining these processes, Fyorin not only guarantees prompt payments to vendors and suppliers but also contributes to significant reductions in operational expenses.

Empowering Growth in Malta and the Middle East

With a strong foothold in Malta, this partnership is strategically positioned to leverage the growth potential in the Middle East. The region’s dynamic economic environment presents vast opportunities for SMEs equipped with the right financial tools.

Brian Ferris, Managing Director of Scope commented:

“We are thrilled to partner with Fyorin, a leader in financial operations solutions. This collaboration is a strategic step in enhancing the financial management capabilities of SMEs. Together, we’re bringing a holistic approach to financial operations, combining Scope’s expertise in accounting solutions with Fyorin’s innovative platform. This partnership empowers our clients with an integrated, efficient, and comprehensive system that not only simplifies their financial processes but also offers real-time insights for smarter decision-making. Our commitment to this partnership reflects our dedication to providing SMEs with the tools they need to thrive in a competitive global market” 

Scope’s expansion into the UAE, backed by Fyorin’s comprehensive financial network, underscores a mutual commitment to empowering SMEs, not just in Malta but also as they navigate the promising Middle Eastern market.

 “Through this partnership, Scope clients can now truly operate globally from a financial operations standpoint while having the flexibility and efficiency to better manage their treasury, across a network of financial institutions, with ease. This partnership will also enable scope clients to be more efficient by saving time and money through a 2-way automated integration with Accounting Platforms like Xero and Zoho.”

James Camilleri, co-founder and CEO. Fyorin.

About Fyorin

Fyorin is a financial operations platform, powered by a global network of financial institutions, delivering money movement and treasury management solutions for payment institutions, fintechs, and corporations.

About Scope

As a premier EMEA software reseller, Scope specializes in accounting solutions, dedicated to enhancing the operational efficiency of SMEs through technological excellence.