London based Revolut announced yet another product integration to the Revolut Business Connect ecosystem – Clear Books.
Clear Books provides online accounting software for small businesses, contractors, freelancers and sole traders. With using Clear Books, customers are able to create and send invoices, track bills and expenses, and create reports and tax returns.
Clear Books was founded in 2008 and currently serves 13,000 small businesses, contractors, and freelancers in the UK.
‘Revolut Business Connect’ currently includes Xero, FreeAgent, and Zapier. All businesses from the UK are able to integrate with Clear Books to view transaction records track whether invoices are paid or outstanding, record bills and expenses, and automatically create financial reports.
Revolut Business launched in July 2017 and has already accumulated around 400,000 customers worldwide. The goal is to attract the mass of UK and overseas businesses, which are still clinging to traditional banking.
“Most SMEs have stuck with longstanding, traditional business account relationships, but this is set to change,” said Revolut’s head of product, Vaidas Adomauskas.
“Today’s global SMEs are embracing accounting or collaboration solutions such as Xero and Slack, that make running a business easier. They’re looking for features that make running their business finances faster, more flexible, and more friendly toward global growth,” he added.