Judicial recovery is one of the most concerning signs that a company is facing serious financial problems. To avoid reaching that point, it is essential that small and medium enterprises (SMEs) manage their finances in an intelligent and strategic way. Fintechs have played a crucial role in this process, offering solutions that help companies avoid extreme financial crises
The gravity of the problem becomes evident in the recent records of bankruptcy filings made by these companies. In July, the SMEs registered 166 requests, representing 72,8% of the total of 228 orders made by companies of all sizes — the highest result for the month since the beginning of the historical series of Serasa Experian in 2005
These numbers highlight the lack of healthy financial management, that pushes many SMEs to the limit of their capabilities, forcing them to seek judicial protection to renegotiate their debts. Fintechs offer a more efficient and personalized approach to financial management, allowing SMEs to better organize their cash flows and manage their commitments responsibly. Through innovative tools, these companies help SMEs understand their finances in detail and make data-driven decisions, what is essential to avoid delays in payments, default and the need to resort to judicial recovery
Effective credit management is essential, especially for small and medium-sized enterprises (SMEs), since access to financing usually depends on the clarity and accuracy in the demonstration of cash flow. Companies that cannot clearly show their results face difficulties in obtaining loans from banks and other financial entities. When credit is necessary, he often comes with high fees, like overdraft or working capital, that can compromise the financial health of the business
With more flexible payment terms and reduced interest rates, how SMEs can maintain a healthy cash flow, strengthen your business relationships and focus on business growth without the constant worry of financial crises. In Brazil, where approximately 8 million companies are SMEs representing 30% of GDP, but they only receive 7,5% of the available credit, the performance of fintechs becomes essential to improve this discrepancy and foster the economic development of the sector
With an innovative and personalized approach, Justa and other fintechs are transforming the way SMEs manage their finances, ensuring that these companies have the necessary support to grow and thrive. The "split" system, that automates the division of payments in commercial transactions allows the amount paid in a single transaction to be automatically divided among different parties involved, ensuring safety, time savings for participants
The split is especially useful for SMEs that need to ensure recurring payments and avoid double taxation. For example, when a customer makes a purchase in a store, the value can be divided in real time between the establishment and the service provider, without the need for additional steps or manual processes. This system is a reflection of technological advancement in payment methods and helps reduce the risk of default, providing more efficient financial management
Eduardo Vils is the president of the fintech Justa, whose mission is to make the market fairer
