Lili, a financial platform developed to support small and medium-sized businesses, announced the launch of Lili Connect, a built-in financial integration that optimizes corporate financial processes.
With the introduction of the new solution, Lili plans to simplify banking, accounting, and tax processes for small and medium-sized businesses and enable partners to offer financial management tools directly through their platform. The announcement comes on the heels of the company’s partnership with Dun & Bradstreet, with both organizations planning to strengthen their business banking offerings. The combination of Dun & Bradstreet allows Lili to continue to improve business finances and provide tools and services that can assist owners in their expansion efforts.
ReliConnect for small and medium-sized businesses
With Lili Connect, partners can easily meet the financial needs of their small business customers through Lili’s services, including business checking accounts, automated transaction classification, invoicing and bill payment solutions, automated financial reporting, and taxes. You can manage it from anywhere. – Money saving tools. Additionally, Lili’s solution aims to replace the traditional account opening process that banks typically provide small business owners with, which is difficult to complete. Using Lili’s built-in application process, partner companies can help their customers open dedicated business banking accounts online, helping companies achieve their expansion goals.
Additionally, compared to traditional Banking-as-a-Service (BaaS) models, Lili’s Embedded Finance applications allow partners to reduce risks such as financial loss, fraud, compliance complexities, customer support, and Benefit from the power of Embedded Finance without the risk. Maintaining banking infrastructure. This allows partners to optimize their operations while providing customers with a fast and simplified banking experience.
At the same time, by integrating Lili’s tools into their platform, Lili Connect partners gain additional revenue streams, increase customer loyalty, and the ability to leverage financial data to optimize the overall customer experience. can benefit from. This announcement comes at a time of massive and rapid growth for the embedded finance industry, providing customized financial solutions to a variety of industries.
