Accelerating South Africa’s next generation of financial services
AlphaCode identifies, partners & grows next-generation financial services, entrepreneurs, through incubation, acceleration, collaboration and investment. They work with start-ups who have a high-potential concept in financial services and is at least 51% black South African owned.
One of the benefits of partnering with AlphaCode is that they also provide their partners with entrepreneurial support. Their startups have access to expertise in marketing, legal, regulatory and technology services. This level of access helps their entrepreneurs reach their next phase of growth much faster.
Connecting Suppliers and Entrepreneurs
Alphacode gives its entrepreneurs access to a wide variety of outsourced suppliers and contractors. Suppliers such as full-stack developers, web developers, lawyers, accountants, business coaches, copywriters, designers and video producers were all available to help them grow their businesses.
However, Alphacode struggled with a clear picture of which suppliers were being engaged and how much of the investment was being spent on these suppliers and was it a good balance. Alphacode also didn’t want their entrepreneurs spending wasteful hours on administrative work to manage and pay their suppliers. They wanted their entrepreneurs’ time spent on growing their businesses.
Connecting the dots with a little customisation
Using Flexyforce, AlphaCode could onboard all their support within their network onto a single platform, ready for easy access for their entrepreneurs. Each startup received their own Flexyforce login details so they could manage, brief and pay the suppliers that they required for their businesses. Because Flexyforce automates the entire supplier payment process, it saved Alphacodes entrepreneurs hours of unnecessary administration.
Absolute Transparency
Flexyforce also customized the platform to allow Alphacode to provide the startups with credits which could be redeemed against the services used. Alphacode gains full visibility of suppliers being used and the costs. This makes it easy for Alphacode to control spend and calculate return on investment for that spend, putting all stakeholders on the same page.
The Results:
onboarded
since sign up
Future Tech for future businesses
Flexyforce has become an integral part of Alphacode’s streamlined startup support process. Putting investors, entrepreneurs and the suppliers that help them all on the same page while also freeing up their startups from the administrative burden and ensuring tax compliance when paying those suppliers.
“Flexyforce has been a useful platform for us to be able to facilitate support for our startups across various suppliers. One of the few platforms designed for an accelerating marketplace!”
Andile Maseko, Head of Ecosystem Development, Alphacode
Join hundreds of companies who are enjoying the benefits of Flexyforce:
Showmax now books its suppliers, has clarity of work to be done and arranges payment in just a few clicks.
Showmax has peace of mind that its outsourced workforce comply with tax regulations.
Significant reduction in administrative work for the Showmax team.