Top 5 Benefits Getting Salesforce Integrated to FinTech Businesses

Due to the obvious digitization of financial services and payments, the FinTech industry has been booming. The use of digital solutions is required for the digitization of the entire FinTech sector. Salesforce in finance technology solutions is among the leading digital solutions used in the FinTech industry. Running a FinTech company is difficult and time-consuming.

The management of various processes within a FinTech organisation must be optimised using digital platforms and solutions. Furthermore, FinTech services are customer-oriented because they directly engage with and assist customers. FinTech companies, for example, must connect with their user base to improve customer relationships and sales turnover. As a result, good CRM solutions like Salesforce for FinTech companies are a viable option.

Benefits of Getting Salesforce Integrated to FinTech Businesses

Working in the FinTech industry can be exceptionally hard since it is a finance domain, which is why many FinTech firms are implementing Salesforce to drive business growth.

Salesforce offers a variety of services and features to businesses, which FinTech firms can take advantage of. Salesforce Marketing Cloud, for example, can be used for promotion strategy as well as organising the development of marketing strategies. Marketing and sales are critical for FinTech companies.

In this section, we'll look at the benefits of Salesforce for FinTech companies.

  • Customer-Oriented Services

    FinTech companies strive to make financial services more accessible to users. To achieve this goal, the Salesforce platform provides a foundation for making business processes more customer-centric. The distinction between FinTech apps and solutions and the banking sector with Salesforce is better service delivery in a customer-friendly manner. Salesforce for FinTech can help collect data about customer behaviour and expectations, allowing FinTech apps to provide customer-centric services.

    The tools provided by the Salesforce Suite of CRM solutions enable the company to develop new customer-centric features and strategies for implementing the digital product. Salesforce features and tools assist businesses in deriving better insights into consumer behaviour from the platform's overall use. With new, customised services designed to meet customers' expectations, Salesforce integration improves the customer-brand relationship.

  • Customer Active participation

    FinTech companies, like any other customer-centric business, want to increase customer engagement through various solutions and platforms. Customer engagement measures the popularity of a usable app and its market performance. When a FinTech solution has high customer engagement, the FinTech company generates consistent revenue.

    Salesforce consulting services from experienced Salesforce professionals can help increase customer engagement through novel solutions. A FinTech company's customer engagement model can be converted with the help of Salesforce solutions designed specifically for FinTech companies.

    Additionally, Salesforce enables FinTech companies to analyse customer data to gain valuable insights into their preferences, behaviour and purchasing patterns. These insights assist businesses in categorising their customers by offering differentiated products that align with their customers' financial goals.

  • Multiple System Replacement

    Another significant advantage that the Salesforce platform offers leading FinTech companies is the ability to integrate multiple systems into a single comprehensive suite. For example, the Salesforce platform provides business professionals with marketing and sales capabilities. Rather than using multiple solutions that only add to the number of resources, using the Salesforce CRM platform is always preferable, which provides multiple features under one umbrella.

    Furthermore, Salesforce solutions can be customised to meet specific needs, allowing the user company to maximise the benefits of the Salesforce integration.

    A Salesforce integration consultant can advise you on how to use Salesforce features effectively so that the framework can start replacing multiple systems with a single platform. The use of Salesforce CRM can thus reduce the number of resources required for a specific process without affecting its outcome. Salesforce CRM for FinTech, on the other hand, can optimise resource utilisation costs to increase profits from FinTech solutions and services.

  • Significantly Raise the Lead Conversions and Sales

    Getting Salesforce integration extends the Sales Cloud feature, which also supports advanced lead generation and conversion processes. Sales Cloud characteristics can increase sales both in the short and long term. Using Salesforce CRM Sales Cloud, for example, can aid in the collection of data required to improve sales strategies and the output of sales promotions. With the help of Salesforce Sales Cloud, the business can quickly monitor sales activity from the ground up, resulting in increased revenue and profits.

    To have a greater impact on revenue generation, the management can enhance its internal strategic plan and external sales processes. The Salesforce CRM Sales Cloud streamlines overall sales efforts for greater impact by utilising data-backed strategies and features. The impact is amplified in segments where certain outcomes are guaranteed. These predictive and customer behaviour analytics assist the FinTech company in tracing out the user journey to conversion and consistent application use.

  • Advanced Compliance

    Compliance with the appropriate regulatory frameworks and industry standards is one aspect in which FinTech applications must exercise caution. Compliance can be a time-consuming process for businesses. Salesforce integration can aid in the promotion of better compliance practices, keeping the company out of legal and regulatory trouble.

    Thus, Salesforce integration is in charge of the company's FinTech solution's policy framework and ethical operation. Better compliance ensures that the FinTech app is reliable and useful to users. Perfect compliance practices also encourage the widespread adoption of FinTech applications and solutions.

    Aside from these advantages of Salesforce solutions in the finance domain, the Salesforce platform improves the productivity and efficiency of digital solutions by lowering operational risks associated with these sensitive apps.

    The use of Salesforce in conjunction with the right consultant services can vastly improve the prospects of a FinTech company. Salesforce can support the industry's core financial operations such as fund transfers, case escalation, handling customer and account-related changes, and so on. This is possible because Salesforce can integrate various legacy, front- and back-office processes to quickly and seamlessly perform the aforementioned tasks.

    Informatrix is a Salesforce expert and business growth partner to various FinTech startups and investment firms. With years of consulting experience and a sole focus on Salesforce, our trusted advisors can listen to your specific needs, recommend best practices in the investment industry for your CRM, and deliver long-term solutions that will significantly accelerate your fundraising.