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In the world of start-ups, every minute holds great significance. And yet, did you know that start-ups typically dedicate around 10% of their valuable time to crafting financial reports for investors?
If you're a start-up and often find yourself scratching your head while striving to send up-to-date and accurate reports to your investors, rest assured you're not alone, and numerous other start-ups have been down this road before you. The bad news is, you can't afford to carry on like this if you have ambitions to stay the course. The good news is, there are solutions available.
1) Time, a Precious Commodity for Start-Ups
Time management is absolutely crucial for any start-up. Hugues Vandepeutte, who himself faced these challenges when EMAsphere was still a fledgling start-up, understands just how vital it is to foster trust-based relationships with investors. However, too many young companies persist in expending precious resources on manual financial report creation. The result is a significant loss of time, an increased risk of errors, and consequently, an inevitable impediment to their growth.
2) The Challenge for Start-Ups: Crossing the 3-Year Mark
In the world of start-ups, obstacles abound, and sustainability remains a formidable challenge. In fact, only one in every two start-ups manages to cross the three-year threshold. For high-growth companies, the need to adopt support mechanisms is indisputable. This is where financial reporting automation comes into play.
Numerous success stories such as Exotec, Kazidomi, Qualifio, and eFarmz have successfully navigated these challenges by automating their financial reporting. This innovation has provided them with a clearer view of their cash flow, while generating substantial time savings and averting errors associated with manual data processing. For financial directors and management teams, selecting an appropriate reporting solution equates to increased efficiency, financial savings, and reduced stress. It is within this context that EMAsphere, the automated financial reporting platform for financial directors, stands as a cutting-edge solution.
3) Building Investor Confidence with EMAsphere
Two compelling examples, eFarmz and Utopix, showcase the benefits of adopting EMAsphere to establish a strong relationship with investors.
Sophie Verhulst, co-founder and Customer Success Manager at Utopix, shares her experience: "It was very challenging to provide our investors with up-to-date and timely reporting." Thanks to a good understanding of the start-up's needs and a swift implementation of EMAsphere, Utopix's investors now have access to detailed, real-time financial reporting on the company's performance.
"The tool was configured for me to track the KPIs I need on a monthly basis. Above all, it's a tool for sharing with investors so they have up-to-date financial status information."
An Invaluable Asset
eFarmz, a platform for the short-circuit distribution of organic and local products, also faced financial reporting challenges before embracing EMAsphere. Dimitri, eFarmz's founder, highlights that, with the automated reporting solution, he can now share relevant reports with non-financial teams, whether it's internal department heads or external investors, such as banks.
In conclusion, for start-ups, financial reporting automation is an invaluable asset. It saves time, streamlines processes, and helps build strong relationships with investors. EMAsphere stands as an innovative partner in this journey, offering an effective solution for SME financial directors seeking growth and success. Embrace innovation, choose EMAsphere, and propel your start-up to new heights.
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