Partnership with KBC Corporate Banking

BrightAnalytics is making strides. As illustrated by the new partnership with KBC Corporate Banking, which aims to provide Belgian businesses with even better support in meeting today's financial challenges. For BrightAnalytics this new commercial collaboration marks a new and important step in their ambitious growth strategy.

As a banker KBC Corporate Banking often meets with companies to discuss their financial needs. Having a clear and up-to-date overview of a company's financial and operational performance at all times is absolutely crucial to be able to make the right decisions at the right time. Real-time management reporting gives them that finger on the pulse.

At the same time KBC Corporate Banking also announced their collaboration with a different fintech company: Cashforce, a software program that maps out working capital.

Wim Eraly, Senior General Manager KBC Corporate Banking: ‘We’ve recognised for some time now that we as bankers with more advanced technology must collaborate with our clients. The days are gone when a relationship manager could sit down with the client and make a rough calculation of the funding requirement for the year ahead on a piece of paper or using a spreadsheet. We have to support our clients even more effectively in this area by helping them achieve accurate real-time insights. This also applies to operating results. Accurate figures visualized in clear reports ensure that you always know perfectly how your organization is performing. We also believe in Open Banking at KBC, so rather than building solutions like this ourselves, we look for outside partners who use technology to create the right solutions for our clients. Following our joint venture, Cashforce and BrightAnalytics are the next fintechs we’ve partnered with as part of that approach.’

Lode Bogaert, co-founder BrightAnalytics: ‘As a company, you need to be able to monitor your financial performance briefly and quickly, no matter how complex your structure may be. We automate the consolidation of all figures and translate them into useful and insightful management reports, which you can also share with the entire organization. You get helicopter overviews in clear, visual dashboards and can also zoom in to the smallest detail to identify risks. We want to give everyone in the organization clear insight into performance because transparency greatly increases agility and the chances of success. In doing so, together with KBC, we aim to boost ambitious Belgian SMEs. It’s a promising partnership that also firms up our own ambitious employment growth strategy substantially.’

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