Not just software. TeamSystem accelerates on the front of the support of small and medium-sized enterprises that goes beyond the boundaries of mere information technology with an expansion in the field of financial services by launching its first alternative investment fund with a collection target of 50 million euros. The operation will be implemented through the subsidiary TeamSystem Capital at Work Sgr, a company authorized by the Bank of Italy to exercise the reserved asset management activity.
The fund aims to finance Italian SMEs and micro-enterprises in digital mode and at the same time to allow institutional financial investors, such as banks and insurance companies, to invest safely in the real economy of the country, thanks to a structure of guarantees aimed at to minimize the absorption of regulatory capital.
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“This is a further element that contributes to our mission to support Italian SMEs in the path to make them competitive through innovation by integrating our business management software with their financial needs, especially in a particularly delicate moment like the one we are currently in. living, ”explains CEO Federico Leproux. To date, TeamSystem has a customer base of 1.4 million including SMEs, micro-enterprises and professionals for which it processes over 300 million invoices a year: “It is a world that struggles and does not always have easy access to the banking system: in this sense we aim to integrate the services of the traditional world by providing access to liquidity with digital systems thanks to native integration with the billing and accounting functions ».
TeamSystem already offers a platform focused on the assignment of trade receivables, which allows companies to collect up to 90% of the amount of their active invoices in advance and in a totally digital way. Thanks to a recent agreement with Banco Bpm, which has made a 100 million euro line available, the platform will be able to purchase up to 400 million euro of invoices. Now the creation of an asset management company and the launch of the first fund expands the possibilities of access to credit by providing new opportunities with a minimum turnover threshold of 250 thousand euros.
The liquidity management component through working capital financing, credit transfer and digital lending is added to a component linked to payments connected with invoicing – TeamSystem also has a license as a payment institution – and is being completed with the third component of artificial intelligence applied to the assessment of creditworthiness for a digital finance division which is an internal startup born only last year and which soon aims to be worth 10% of the group’s turnover.