A recent study showed that business owners across the UK require, on average, an extra four hours per day to complete admin tasks, such as chasing invoices - a task critical for ensuring the smooth running and cash flow of the business. But with continued introductions of automated technologies, it has the potential to revolutionise the way businesses can access capital solutions.

Traditionally, the process of applying for and receiving business capital requires an in-depth, manual look at the finances, credit history and background of the business, but new advancements in technology, such as automation is speeding up this process.

Credit scoring