{"id":88309,"date":"2022-12-12T18:30:12","date_gmt":"2022-12-12T16:30:12","guid":{"rendered":"https:\/\/factorialhr.com\/blog\/?p=88309"},"modified":"2025-05-02T12:05:22","modified_gmt":"2025-05-02T10:05:22","slug":"banca-aidexa-success-story","status":"publish","type":"post","link":"https:\/\/factorialhr.co.uk\/blog\/banca-aidexa-success-story\/","title":{"rendered":"The Impact of Factorial in the Digitisation of Banca AideXa&#8217;s Processes"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">\u201cSomething was missing, and we decided to create it. Strengthened by mutual esteem and complementary skills, we founded a startup.\u201d <\/span><a href=\"https:\/\/www.aidexa.it\/\"><span style=\"font-weight: 400;\">And with these words, in 2018, Banca AideXa<\/span><\/a><span style=\"font-weight: 400;\"> was born. It became the<strong> first Italian FinTech dedicated exclusively to small and medium-sized enterprises<\/strong>, aiming to ease the process of accessing credit for entrepreneurs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;We were born with the <strong>aim of simplifying the lives of entrepreneurs<\/strong>, especially the smaller ones, who are a huge segment in Italy,\u201d explains <strong>Federico Sforza, CEO and founder<\/strong> of the company that today has about 60 employees. \u201cIt&#8217;s a somewhat abandoned segment of the traditional banking system. We were born for this: to simplify their banking experience.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But how? <strong>With a 100% digital approach.<\/strong> By harnessing the opportunities of open banking, Banca AideXa allows SMEs to receive a loan proposal in a few minutes and to have the amount credited to their current account in a few days, without the need to sign or upload paper documents.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/factorialhr.co.uk\/get-started\"><img decoding=\"async\" class=\"wp-image-88948 aligncenter\" src=\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2022\/12\/21135936\/start-free-trial.jpg\" alt=\"start-free-trial\" width=\"839\" height=\"287\" srcset=\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2022\/12\/21135936\/start-free-trial.jpg 900w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2022\/12\/21135936\/start-free-trial-300x103.jpg 300w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2022\/12\/21135936\/start-free-trial-768x263.jpg 768w\" sizes=\"(max-width: 839px) 100vw, 839px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/factorialhr.co.uk\/get-started\"><b><div class=\"js-toc toc\">\n<p class=\"js-toc-title toc__title\">Table of Contents<\/p>\n<nav id=\"fac_toc_nav\" class=\"js-toc-nav toc__nav\" aria-label=\"Table of Contents\"><ol class=\"toc__list toc__list--level-1\"><li class=\"toc-heading-level-2\"><a class=\"toc__link toc-link-heading-1\" href=\"https:\/\/factorialhr.co.uk\/blog\/banca-aidexa-success-story\/#the-evolution-and-goal-of-banca-aidexa\" title=\"The Evolution and Goal of Banca AideXa\" data-target-id=\"the-evolution-and-goal-of-banca-aidexa\">The Evolution and Goal of Banca AideXa<\/a><\/li><li class=\"toc-heading-level-2\"><a class=\"toc__link toc-link-heading-2\" href=\"https:\/\/factorialhr.co.uk\/blog\/banca-aidexa-success-story\/#factorial-and-aidexa-bank\" title=\"Factorial and AideXa Bank\" data-target-id=\"factorial-and-aidexa-bank\">Factorial and AideXa Bank<\/a><\/li><li class=\"toc-heading-level-2\"><a class=\"toc__link toc-link-heading-3\" href=\"https:\/\/factorialhr.co.uk\/blog\/banca-aidexa-success-story\/#the-processes-with-the-greatest-impact\" title=\"The Processes with the Greatest Impact\" data-target-id=\"the-processes-with-the-greatest-impact\">The Processes with the Greatest Impact<\/a><\/li><li class=\"toc-heading-level-2\"><a class=\"toc__link toc-link-heading-4\" href=\"https:\/\/factorialhr.co.uk\/blog\/banca-aidexa-success-story\/#how-factorial-can-help-smes-and-fintechs\" title=\"How Factorial Can Help SMEs and FinTechs\" data-target-id=\"how-factorial-can-help-smes-and-fintechs\">How Factorial Can Help SMEs and FinTechs<\/a><\/li><li class=\"toc-heading-level-2\"><a class=\"toc__link toc-link-heading-5\" href=\"https:\/\/factorialhr.co.uk\/blog\/banca-aidexa-success-story\/#\u2705-digitise-your-company&#039;s-processes-too-with-factorial!\" title=\"\u2705 Digitise your company&#039;s processes too with Factorial!\" data-target-id=\"\u2705-digitise-your-company&#039;s-processes-too-with-factorial!\">\u2705 Digitise your company's processes too with Factorial!<\/a><\/li><\/ol><\/nav><\/div><\/b><\/a><\/p>\n<h2><b>The Evolution and Goal of Banca AideXa<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Banca AideXa&#8217;s goal was t<strong>o create something new and make the world of online financing more efficient and convenient for businesses<\/strong>. The idea was built on the need for speed and simplicity because entrepreneurs have no time to waste.\u00a0 Every day, they must make decisions, seize opportunities and develop ideas at pace.\u00a0\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">Our aim? Give small and medium-sized Italian businesses quick and secure access to credit.<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">By harnessing the potential of <\/span><span style=\"font-weight: 400;\">data analytics<\/span><span style=\"font-weight: 400;\"> and artificial intelligence technologies, Banca AideXa is able to accurately assess a company&#8217;s credit profile in a few seconds, surpassing the &#8220;old&#8221; parameters. <strong>Data drives the digital experience and decision-making.<\/strong> Thanks to open banking and a large ecosystem of partners and information sources, Banca AideXa is able to reconstruct the history of companies, assessing their creditworthiness and alignment with the products offered.<\/span><\/p>\n<h2><b>Factorial and <\/b><strong>AideXa Bank<\/strong><\/h2>\n<p><iframe title=\"The FinTech Revolutionizing SME Credit Access and Their HR | a Success Story\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/YZ4cPAblykg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">Speaking with the managers of Banca AideXa, they explained that the main problem they were facing concerned the <\/span><strong>management of attendance records in the company and the <a href=\"https:\/\/factorialhr.co.uk\/blog\/guide-managing-employees-holidays\/\">request for holidays and permits<\/a><\/strong><span style=\"font-weight: 400;\"><strong>. <\/strong>More specifically, the problem was that <strong>employees did not <a href=\"https:\/\/factorialhr.co.uk\/blog\/time-tracking-software-employees\/\">clock in or out<\/a> <\/strong>so hours worked weren\u2019t recorded. They also didn&#8217;t have an effective way to log the days they worked from home and the days they were away from the office.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They needed <strong>a tool that would negate the need for time-consuming daily tasks<\/strong> and Excel files. For these reasons, they chose <strong>Factorial<\/strong>. With <\/span><a href=\"https:\/\/factorialhr.co.uk\/\"><span style=\"font-weight: 400;\">Factorial&#8217;s <\/span><span style=\"font-weight: 400;\">all-in-one <\/span><span style=\"font-weight: 400;\">software<\/span><\/a><span style=\"font-weight: 400;\"> they have been able to <strong>manage employee entries and exits<\/strong> for both remote and office<\/span><span style=\"font-weight: 400;\"> wor<\/span><span style=\"font-weight: 400;\">k<\/span><span style=\"font-weight: 400;\">ing<\/span><span style=\"font-weight: 400;\">, and have finally <strong>solved the problem of <a href=\"https:\/\/factorialhr.co.uk\/blog\/annual-leave-requests-holidays\/\">holiday requests<\/a><\/strong>.\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">Factorial has allowed us to eliminate the bureaucracy.<\/span><\/p><\/blockquote>\n<p><b>Federico Sforza \u2013 CEO and Founder<\/b><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe chose Factorial because we had a growing need to reduce the margins of error in day-to-day management,\u201d <strong>Alice Vinci, head of Banca AideXa&#8217;s People Team<\/strong>, told us. She also explained that <strong>Factorial&#8217;s proactivity and continuous desire to innovate<\/strong> has meant they have found features and ideas in the software that they had not yet thought about. \u201cNot only have we been <strong>able to digitise all our processes, but also improve them<\/strong>.\u201d\u00a0\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">Factorial is not something static, it is constantly changing and I like to discover new features that can improve our processes.<\/span><\/p><\/blockquote>\n<p><b>Alice Vinci \u2013 People Team<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Team leaders appreciate the <strong>simplicity, speed and ease of data management<\/strong> and information exchange within Factorial. Sforza explained: \u201cWe are a <strong>completely paperless<\/strong> company: for this reason and for a series of values \u200b\u200bwe share, we chose the Factorial platform, which we found very simple and allowed us to manage all our internal HR processes.\u201d\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\" wp-image-88348 aligncenter\" src=\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2022\/12\/12181112\/banca-aidexa.png\" alt=\"banca-aidexa-factorial\" width=\"745\" height=\"343\" srcset=\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2022\/12\/12181112\/banca-aidexa.png 802w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2022\/12\/12181112\/banca-aidexa-300x138.png 300w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2022\/12\/12181112\/banca-aidexa-768x353.png 768w\" sizes=\"(max-width: 745px) 100vw, 745px\" \/><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Alessandro Romano, Head of Development of Banca AideXa<\/strong>, added that in a world that is increasingly progressing towards <a href=\"https:\/\/factorialhr.co.uk\/blog\/flexible-working\/\">flexible working<\/a>, a platform like Factorial helps manage relationships with collaborators and allows for<strong> improved interactions and internal communication.<\/strong> This is a key point, he says, for retention and for <a href=\"https:\/\/factorialhr.co.uk\/blog\/job-advertisement\/\">attracting new talent.<\/a><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Romano believes that the most valuable feature of Factorial is the <\/span><span style=\"font-weight: 400;\">performance appraisal<\/span><span style=\"font-weight: 400;\"> because it <strong>drives employee motivation and defines work priorities<\/strong>. \u201cFactorial is the lodestar for employees,\u201d he says.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In an avant-garde and technologically advanced startup like Banca AideXa, all that was missing was <strong>software to digitise and facilitate all HR processes<\/strong>. Now, managers and employees are enthusiastic about Factorial and its possibilities. They are always keen to learn of updates on new features to be able to make the most of the platform.<\/span><\/p>\n<h2><strong>The Processes with the Greatest Impact<\/strong><\/h2>\n<p><img decoding=\"async\" class=\" wp-image-88336 aligncenter\" src=\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2022\/12\/12175613\/time-off-factorial.png\" alt=\"time-off-factorial\" width=\"682\" height=\"542\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The main business processes that Banca AideXa has digitised thanks to Factorial are related to people management, from <strong>attendance tracking and holiday management to performance assessment and document management.<\/strong><\/span><\/p>\n<p><span style=\"font-weight: 400;\">In each of these processes, since the implementation of Factorial in March 2022, Banca AideXa has saved time thanks to the automation of daily and repetitive processes, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The complete <strong>management of personnel<\/strong>, from <\/span><span style=\"font-weight: 400;\">attendance recording<\/span><span style=\"font-weight: 400;\"> to the management of holidays and permits.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The<strong> management of employee performance, objectives and activities<\/strong>.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The main saving in terms of resource was made thanks to the d<\/span><span style=\"font-weight: 400;\">ocument management feature. <strong>Banca AideXa is now completely paperless<\/strong> thanks to Factorial.\u00a0<\/span><\/p>\n<h2><b>How Factorial Can Help SMEs and FinTechs<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Factorial, like Banca AideXa, helps <strong>small and medium-sized enterprises to simplify all business processes.<\/strong> We aim to improve the experience and involvement of employees, especially after the pandemic and the rise of smart working.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Banca AideXa responded to the needs of Italian entrepreneurs after realising that &#8220;something was missing from the solutions proposed so far by traditional banks and fintechs.\u201d The same happened at Factorial. After comprehending the biggest problems that entrepreneurs, HR managers and HR specialists faced on a daily basis, we realised that there was a lack of efficient <\/span><span style=\"font-weight: 400;\">HR software<\/span><span style=\"font-weight: 400;\"> for transparent, quick and simple management of all HR processes in one place.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As we have seen, correct <\/span><span style=\"font-weight: 400;\">attendance management<\/span><span style=\"font-weight: 400;\"> is extremely important for a company, not only to better organise tasks, duties, work shifts and absences, but also to increase transparency in the company. <strong>With <\/strong><\/span><strong>Factorial<\/strong><span style=\"font-weight: 400;\"><strong>, you can say goodbye to the classic Excel attendance sheet and instead digitise the <\/strong><\/span><strong>attendance recording process<\/strong><span style=\"font-weight: 400;\"> through a clock-in tool that all workers can use directly through the app.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This way you can ensure that you always have an adequate number of employees whilst working, whether from the office or <\/span><span style=\"font-weight: 400;\">remotely<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><a href=\"https:\/\/factorialhr.co.uk\/request-live-demo\"><img decoding=\"async\" class=\"size-full wp-image-88091 aligncenter\" src=\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2022\/12\/07170046\/Book-free-demo-1-1.jpg\" alt=\"Book-free-demo\" width=\"900\" height=\"308\" srcset=\"https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2022\/12\/07170046\/Book-free-demo-1-1.jpg 900w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2022\/12\/07170046\/Book-free-demo-1-1-300x103.jpg 300w, https:\/\/factorialhr.co.uk\/wp-content\/uploads\/2022\/12\/07170046\/Book-free-demo-1-1-768x263.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Continuous, <strong>real-time employee performance monitoring<\/strong> is also possible with <\/span><span style=\"font-weight: 400;\">Factoria<\/span><span style=\"font-weight: 400;\">l, allowing you to track the degree of satisfaction in your company. The <\/span><span style=\"font-weight: 400;\">software<\/span><span style=\"font-weight: 400;\"> allows you to <strong>measure, monitor and manage employee performance<\/strong> from a single platform citing KPIs such as productivity, work quality, communication skills, efficiency, attitude, commitment and organisation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Proper employee <\/span><span style=\"font-weight: 400;\">performance monitoring<\/span><span style=\"font-weight: 400;\"> can yield great results and you will be able to understand where the company is and <strong>how you can improve to achieve your goals.<\/strong><\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, the <\/span><span style=\"font-weight: 400;\">software<\/span><span style=\"font-weight: 400;\"> offers many other features that allow you to <strong>automate all of the repetitive, manual processes<\/strong> that require so much time. For example:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manage holidays and permits and approve them with a simple click<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Evaluate employee <a href=\"https:\/\/factorialhr.co.uk\/blog\/performance-improvement-plan\/\">performance<\/a>, giving them feedback and setting goals<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manage all <\/span><span style=\"font-weight: 400;\">documents digitally<\/span><span style=\"font-weight: 400;\"> (<a href=\"https:\/\/factorialhr.co.uk\/blog\/payslip-explained\/\">payslips<\/a>, contract signatures, etc.)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manage employee <\/span><span style=\"font-weight: 400;\">training<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Keep <\/span><span style=\"font-weight: 400;\">company <a href=\"https:\/\/factorialhr.co.uk\/blog\/limited-company-expenses\/\">expenses<\/a><\/span><span style=\"font-weight: 400;\"> under control thanks to <a href=\"https:\/\/factorialhr.co.uk\/blog\/human-resources-reports\/\">reports<\/a> and statistics<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u2026and much more!<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">By digitising all business processes<\/span><span style=\"font-weight: 400;\"> as Banca AideXa did, you will<strong> increase productivity and improve the functioning of departments crucial to your business<\/strong>.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">\u2705 <a href=\"https:\/\/factorialhr.co.uk\/\">Digitise your company&#8217;s processes too with Factorial!<\/a><\/span><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>\u201cSomething was missing, and we decided to create it. Strengthened by mutual esteem and complementary skills, we founded a startup.\u201d And with these words, in 2018, Banca AideXa was born. It became the first Italian FinTech dedicated exclusively to small and medium-sized enterprises, aiming to ease the process of accessing credit for entrepreneurs.\u00a0 &#8220;We were<a href=\"https:\/\/factorialhr.co.uk\/blog\/banca-aidexa-success-story\/\" class=\"read-more\"> [&#8230;]<\/a><\/p>\n","protected":false},"author":151,"featured_media":88362,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[340,105],"tags":[],"class_list":["post-88309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-factorial-en-gb","category-hr-interviews-en-gb"],"acf":{"topics":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Impact of Factorial at Banca AideXa | Factorial HR<\/title>\n<meta name=\"description\" content=\"Discover 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