The so-called 'financing gap' in the Netherlands is the largest within the Eurozone. The financing gap can be significantly reduced with the use of the right software, such as Fyndoo Advise.
'Of all the small and medium-sized companies in the eurozone, Dutch SMEs have by far the most difficulty in obtaining financing. The financing gap, the gap between the demand for corporate financing and the supply of bank credit, is widest in our country.' This is shown by research by Allianz and credit insurer Euler Hermes. The so-called 'financing gap' in the Netherlands is the largest within the Eurozone. Dutch entrepreneurs often turn to their bank when it comes to financing issues.
Let's put these observations to the test. Is it necessary for entrepreneurs to turn to the bank so often? More than a hundred financing parties are active in the Netherlands. As an accountant, how do you keep an overview here? And if you already have that overview, how do you find the best form of financing for your customer? Smart software can help you with this.
The right form of financing
There are many different financing options. If you know the financing objective of the entrepreneur, a financing form will automatically match this. Let's take an example: an entrepreneur wants to buy a new shovel. When purchasing, you can take out a regular loan, but as an alternative, you can also look at a lease. And within that it is also bursting with possibilities: you have operational lease and financial lease, and even the 'sale and leaseback' construction. In the latter form, you sell existing business assets to the lease company, and then lease them back. This can be interesting if the entrepreneur has certain machines on the balance sheet, and also wants to purchase a new machine. He can then decide to lease the entire machine park after all.
No time-consuming Excel exercise Working
out such scenarios is often an Excel exercise for many. If you do not do this often, it is time-consuming to develop your own forecasting model, which provides insight into the differences between the various possible financing constructions.
We make that easier with the Fyndoo Advise software. Based on annual figures, which you read in from, for example, Caseware or Unit4 Audition, you can prepare a forecast within a few minutes. The calculation model has already been made for you; so you don't have to worry about that anymore. This already narrows the financing gap: the software helps you select the best financing form, which also makes non-bank financing accessible.
Automatic comparison of providers
In contrast to the mortgage market, the business financing market in the Netherlands is not yet so transparent. You cannot simply compare the rates of a number of lenders. With our software, we are taking a step in that direction: in Fyndoo Advise you simply select the appropriate financiers, and you request a quote from multiple parties with just one request. For a simple financing product, you can do this in just a few minutes.
This also reduces the financing gap: because alternative financiers suddenly become accessible as well. So you no longer only request a quote for financing from the bank, but also from alternative financiers.