The 'Lance' Freelancer Banking App Automatically Allocates Funds
Michael Hemsworth — June 19, 2021 — Tech
The 'Lance' freelancer banking app takes a different approach to banking for professionals looking to maximize their efficiency when it comes to their specific needs. The app works by having funds put int before automatically allocating money towards different stacks related to salary, savings and taxes before leaving the remainder in the main balance for business expenses. This will eliminate the need to perform the manual dividing of funds to further streamline efficiency for users.
The 'Lance' freelancer banking app will also automatically pay taxes on a quarterly basis to eliminate the occurrence of forgetting to pay them. The app takes a fine-tuned approach to finances that accommodates the ever-increasing number of freelancing professionals who need a better way to handle their money.
The 'Lance' freelancer banking app will also automatically pay taxes on a quarterly basis to eliminate the occurrence of forgetting to pay them. The app takes a fine-tuned approach to finances that accommodates the ever-increasing number of freelancing professionals who need a better way to handle their money.
Trend Themes
1. Freelancer Banking Apps - The emergence of freelancer banking apps offers a disruptive opportunity for the financial technology industry to cater to the unique needs of freelancers and maximize their efficiency.
2. Automated Finance Management - Automation of finance management through apps such as Lance presents a disruptive innovation opportunity for financial technology companies to optimize financial processes for their users.
3. Streamlined Tax Management - Streamlining tax management through finance apps like Lance creates a disruptive opportunity for the tax industry to cater to the specific needs of freelancers and improve their financial management.
Industry Implications
1. Financial Technology - The emergence of freelancer banking apps, such as Lance, presents a disruptive opportunity for financial technology companies to optimize financial processes for freelancers and offer customized experiences.
2. Freelance Management - The automation features in freelancer banking apps, like Lance, offer a disruptive innovation opportunity for freelance management companies to provide financial management solutions to their clients.
3. Tax Management - Streamlined tax management through finance apps such as Lance presents a disruptive opportunity for the tax industry to improve processes and provide more targeted solutions for freelancers.
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