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MOMENTUM - virtual, mobile CFO for small and medium enterprises

Objective

MOMENTUM is a virtual and mobile CFO platform fthat helps Small and Medium-sized Enterprises (SMEs) ensure financial liquidity and growth on EU market.

MOMENTUM is an innovative online and mobile platform for registered SMEs. The Platform can be accessed on mobile platforms (iOS and Android), as a separate SaaS (Software as a Service) on the Atsora website or directly from the bank website (as an extension of electronic banking).

The most important features of MOMENTUM platform:

1) seamlessly integrated with bank account, online accounting and other SaaS business applications in order to provide real-time view on business and help with day-by-day decisions

2) simplifing business planning, budgeting, forecasting and performance tracking for small businesses and startups

3) enabling user to set business goals, compare performance to industry benchmarks and see all key numbers in an easy-to-use dashboard, so he knows exactly what's going on in his business

The Platform integrates together SMEs and business partners (banks and other medium and large enterprises providing a wide spectrum of services and products to the SME segment).

Integration with banks is an important part of the system. The entrepreneur can decide to provide more information about his business to the bank and receive thereby easier access to finance on potentially better conditions.

Therefore, the result of the implementation MOMENTUM platform on the European market will be facilitated access to finance for SMEs.

In the opinion of the applicant, use of the proposed application should improve conditions for the implementation of new technological, organizational and marketing actions, which is contributing to meeting the objectives set by the EU to stimulate innovation activities of SMEs.

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

SME-1 - SME instrument phase 1

See all projects funded under this funding scheme

Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-SMEInst-2014-2015

See all projects funded under this call

Coordinator

ATSORA SP ZOO
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 50 000,00
Address
UL. ANTONIEGO JOZEFA MADALINSKIEGO 20 LOK 1B
02 513 WARSZAWA
Poland

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Makroregion województwo mazowieckie Warszawski stołeczny Miasto Warszawa
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 71 429,00
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