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by waterside81
1917 days ago
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This sounds like exactly the right formula for startup success: 1) People with experience in a given industry 2) People who have seen the problem over & over again 3) Large businesses with lots of money but lacking in skill/will to automate the solution themselves 4) Outsider comes and says "hey we can automate that really boring problem for you save you money" Please remember this comment when you get acquired for tons in a few years. |
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If I may, the final ingredient I'll add is that this problem is one where software not only automates but enhances the solution. As a company grows, they'll add additional credit facilities and explore other financing options (like forward flow arrangements). Each agreement/arrangement comes with their custom set of requirements on your various credit products, and the lack of a central data store creates all sort of internal process complexity.