SNAB

snabfinance.com
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Company Overview

SNAB is a fintech company based in Madrid, Community of Madrid, Spain. With a core team of 6 members, the company specializes in global treasury management solutions for businesses with multiple subsidiaries. SNAB also operates remotely, offering its services worldwide. As part of the Y-Combinator W22 batch, SNAB has raised 1.1 million euros in a financing round.

Global Treasury Management Platform

SNAB offers a global treasury management platform designed for complex multi-group businesses. The platform aims to centralize and automate access and management of global banking for companies with multiple subsidiaries. One of the key features includes banking aggregation, allowing businesses to manage multiple bank accounts in one place. The platform also enables businesses to handle accounts payable and receivable, enhancing overall cash flow and treasury management.

Automated Financial Management

Through its treasury management platform, SNAB helps businesses automate up to 80% of the manual work involved in financial management. This automation includes features such as paying invoices in one click directly from the platform and improving cash visibility and treasury management. By centralizing these processes, SNAB aims to make financial management more efficient and less time-consuming for businesses.

Integration with ERP Systems

SNAB supports seamless integration with several major ERP systems, including Netsuite, Microsoft Dynamics, and Sage. This integration allows businesses to streamline their financial operations further by syncing their treasury management platform with their existing ERP systems. This connectivity is designed to enhance the accuracy and efficiency of financial data management.

Servicing Regions

While headquartered in Madrid, Community of Madrid, Spain, SNAB extends its services across Spain, Europe, and globally through remote operations. The company's remote capabilities enable it to provide fintech solutions to clients regardless of their geographical location, tailoring its treasury management services to fit the diverse needs of international and multi-group businesses.

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