Arthum offers an integrated financial technology platform for contract employment businesses, streamlining HR and finance operations like onboarding, payroll, and invoicing within ERP systems. The platform addresses working capital challenges by providing receivable financing and earned wage access, supported by partnerships with financial institutions.
Funding
Funding not disclosed
Founders
Product
Problem
Small and medium-sized enterprises (SMEs) in the contract employment sector often face working capital challenges due to delayed invoice payments and the need for efficient employee onboarding and payroll processing. This can create cash flow gaps, hindering business operations and growth.
Solution
Arthum provides an integrated financial technology platform designed for the contract employment industry. The platform streamlines critical HR and finance operations, including employee onboarding, payroll processing, and invoicing, directly within an ERP system. It addresses working capital constraints by offering receivable financing solutions, such as bill discounting, and facilitates earned wage access for employees. By partnering with financial institutions, Arthum delivers data-backed, tailored financial products to support the growth of SMEs and their workforce.
Target Audience
The primary target audience includes small and medium-sized enterprises (SMEs) operating within the contract employment sector, particularly those in manufacturing, retail, construction, security, and the gig economy.
Features
- Integrated ERP system with embedded finance capabilities for contract employment businesses.
- Streamlined employee onboarding, payroll processing, and invoicing workflows.
- Receivable financing options, including bill discounting, to address working capital gaps.
- Earned wage access for employees, providing immediate access to earned income.
- Partnerships with financial institutions to offer curated financial products.
- Automated payment and expense differentiation features within a current account offering.
- Loan account functionality for hassle-free bill discounting and fund disbursement.
- Compliance and reporting functionalities integrated into the platform.