{"id":1044,"date":"2019-10-10T16:21:34","date_gmt":"2019-10-10T16:21:34","guid":{"rendered":"https:\/\/swoopfunding.com\/ie\/?p=1044"},"modified":"2024-03-28T09:52:56","modified_gmt":"2024-03-28T09:52:56","slug":"unlock-cash-you-didnt-know-was-there","status":"publish","type":"blog","link":"https:\/\/swoopfunding.com\/ie\/blog\/unlock-cash-you-didnt-know-was-there\/","title":{"rendered":"Unlock Cash you didn’t know was there"},"content":{"rendered":"\r\n

The early stages of running a small business pose all kinds of commercial challenges, so anything to help keep cash flowing positively is generally welcomed. However, generating extra cash into your business doesn\u2019t necessarily have to come in the form of funding.<\/p>\r\n\r\n\r\n\r\n

Identifying overspend and discovering savings on your everyday costs are something more and more businesses are taking advantage of – and Swoop\u2019s Savings Checker tool provides you with insights that might surprise you.\u00a0<\/p>\r\n\r\n\r\n\r\n

With an average SME finding in excess of \u20ac3,000 per annum in savings, this free tool is an essential part of an increasing number of small businesses\u2019 financial planning. \u00a0<\/p>\r\n\r\n\r\n\r\n

Earlier this year, Swoop was selected to integrate our platform with Open Banking, giving our SME customers the ability to securely integrate their bank account in order to compare and switch current accounts, and make cost savings on their everyday spending.\u00a0<\/p>\r\n\r\n\r\n\r\n

How does it work?<\/p>\r\n\r\n\r\n\r\n

Simply register with a single simple form, and integrate your bank account – this allows the platform secure, fast, and highly regulated access to your account details.\u00a0<\/p>\r\n\r\n\r\n\r\n

Once integrated, the technology quickly and seamlessly gets to work reviewing your small business spending patterns and suggesting where savings can be made.\u00a0<\/p>\r\n\r\n\r\n\r\n

Where can I save money?<\/p>\r\n\r\n\r\n\r\n

Banking<\/p>\r\n\r\n\r\n\r\n

Swoop will compare your bank account against every major business bank account and offering, and based on your own personal banking activity, will determine which bank you would be better off banking with. We have access to 72 different business current accounts across 16 banks, meaning there are numerous opportunities to save here.\u00a0<\/p>\r\n\r\n\r\n\r\n

Foreign Exchange<\/p>\r\n\r\n\r\n\r\n

For small business making international transactions, this is one of the biggest areas for potential saving, with an average of \u20ac6k saving per annum per SME.\u00a0<\/p>\r\n\r\n\r\n\r\n

Utilities, insurance, broadband and mobile phone<\/p>\r\n\r\n\r\n\r\n

Most of our customers find savings in one or more of these everyday costs. Our smart technology will quickly and efficiently calculate where you\u2019re overspending across these categories, and provide the opportunity to switch.\u00a0<\/p>\r\n\r\n\r\n\r\n

How much could I save by integrating my bank account?<\/p>\r\n\r\n\r\n\r\n

It\u2019s easy to see how quickly the cash can add up by looking at the average savings Swoop\u2019s small business customers are making:\u00a0<\/p>\r\n\r\n\r\n\r\n