SKsoft vs Fyorin

SKsoft and Fyorin both offer accounts payable automation solutions that streamline payments and eliminate manual work. A two-way sync with Dynamics 365 streamlines approvals, streamlines payments, and eliminates manual reconciliation. The key difference lies in the payment process. SKsoft requires you to bring your existing banks in order to process payments, while Fyorin lets you do it directly from the platform, through the global wallet, as well as through your existing bank accounts.

Fyorin and SKsoft offer accounts receivable solutions with integration to Microsoft Dynamics 365, the ability to create links and invoices directly from the platform, and the functionality to track payments. Besides basic receivables, Fyorin's accounts receivable solution offers Sub-Accounts. Sub-accounts come with a dedicated IBAN and incoming payments are automatically segregated to help manage cash flow and reporting.

In contrast to SKsoft, where businesses can only conduct payments and treasury operations through pre-existing financial institutions, Fyorin gives you the opportunity to bank with multiple institutions as you would with one. This allows you to access 220+ currencies and automate payments globally without the need to build and maintain multiple banking relationships. Using Fyorin, you can easily diversify your treasury risk as your business grows and protect your long-term financial health.

Fyorin offers a solution that SKsoft lacks entirely - business expense management. You can issue business and employee cards to better control and monitor spending and eliminate out-of-pocket expenses. Cards from Fyorin come with a high initial limit which makes them suitable for large purchases. In addition, they come at 0% transaction costs and you receive cash back on every purchase, allowing you to improve your bottom line.