Inspiration

The crisis hit hardly SME in the countries.The forecasts are not to be followed and they need a tool to properly assess the situation with hunt for cash and management of the real cash flows in the presence of cash deficit and loosing customers.

What it does

The SME Digital cash would be a good application attached to the online order taking system.The specific module will show in real time the main working capital items(receivables,payables, rates and cash flow position weekly). Having the data history of the SME there will be a comparison with better times and dashboard of some scenarios based on the history and additional parametrization in the current situation.

How I built it

The interfaces that could be build between banks API and this application could be used by SME.Farmers who have also needs for cash and advice how to obtain seeds, agricultural consumables and machines in the crisis times to sustain the whole cycle from the crops to the harvest and the SMEs to buy their raw materials from the producers. Tax authority links could be of great favour to them.

Accomplishments that I'm proud of

Fintechs and banks to be the bridge of the ongoing economic recovery and main strategic tool for SME in the world.

What's next for DIGITAL CFM

The real application creation and verification through testing in the business systems of some companies with real data (historical, actual and forecast).

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Updates

posted an update

## Current status Review of the EU sponsored projects; Short interviews with SMEs in potential shortfalls in the tourist and hotel services, common practice with electronic platforms; Review the current situation with EIF and Bank solutions in 3 application for credit lines for SMEs;

Issues

5 banks are main players in the current situation for SME projects and the procedure is not clear.
Control and sustainability audit not in place for verification.

Coming next:

Architecture and protype solution;
Defining Business plan- database for SME as DWH, program to incorporate the best practice of some SMEs,Functional Testing with some data and real time orders.

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