Mobile-first fiscal management solution Fiskl has joined up with Samsung Appstack to help keep small- to medium-sized businesses (SMBs) competitive through collaborations and project management, according to a press release.
According to the release, Taher Behbehani, head of mobile division, senior vice president and general manager with Samsung Electronics America, said Appstack "is a platform where SMBs can go to get a collection of highly-rated app recommendations, from a partner they can trust.”
“For many small businesses, access to technological knowledge and resources has been a major obstacle to adapt to the digital-first economy,” he said, according to the release.
The pandemic has engendered a number of new obstacles for companies. Having cash flow stats and real-time financial reports for loan submissions available is critical, according to the release, which touted the platform as "easy to use and highly automated."
The release also stated SMBs will have access to Samsung's enterprise network, with discounts available and more savings depending on how many apps are purchased.
“Small businesses and self-employed professionals are the critical backbone to our economy,” said Fiskl CEO Alina Lapusneanu in the release. “During this challenging time, Fiskl can empower SMBs to manage their finances digitally, to take online and mobile payments, and collaborate remotely with their team, thus freeing up valuable time for business owners to focus on growing the business. In addition, with Fiskl poised to shortly become the first truly mobile accounting platform globally, there is a natural fit in our collaboration with Samsung, the market leader in mobile smartphones.”
Joining up with bigger-name apps can be a boon for startups. Nicolas Dinh, chief operating officer of year-old Canadian financial startup STACK, told PYMNTS that it can be good to work with major payment companies to avoid fraud.
“Startups like STACK are at a disadvantage by default because we lack the reputational track records of more established institutions and brands,” Dinh said.
