8.6 C
New York
Tuesday, June 22, 2021
Home Challanger banks Revolut Business adds Clear Books accounting software integration

Revolut Business adds Clear Books accounting software integration

Revolut has informed that the integration of Clear Books is part of its Open Banking framework with the functionality embedded into the application.

Read also: Starling Bank questions the way women are pictured with money

With Clear Books, every business customer is enabled to quickly and seamlessly manage their finances directly from their Clear Books account. 

Revolut acknoweleged how important the B2B automation sector is and that is the reason, why they are integrating the new accounting application.

Data from Revolut Business indicates that 25% of all B2B payments are now initiated from an API – up from 5% two years ago.

“We’re focused on building innovative products that help businesses save precious time and money,” James Gibson, head of product at Revolut Business said.”

“Our partnership with Clear Books does just this—allowing customers to set up draft payments directly from Clear Books in a couple of taps. Going forward we see a huge opportunity for the automation of basic tasks by using the power of APIs.”

Ruth Fouracre, CEO at Clear Books said: “By allowing users to create draft payments directly from Clear Books, we’re removing the admin burden of rekeying all that information into Revolut to make the payments.”

“Together, we’re making bill and payroll payments quicker and easier for small businesses so they can get back to doing the things they enjoy most,” she added.

Avatar
Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Revolut revenue grows but operating losses double to £201m

Revolut announced that 2020 adjusted revenues, that grew 57% to £261 million. However, operating losses in 2020 have doubled.

Bunq valued at 1.65 billion € after first investment

Dutch digital bank Bunq managed to close the very first funding round with an undisclosed British private equity firm.

Wise expects valuation of £9bn with new London listing

Wise, former TransferWise, is about to go public on the London Stock Exchange through a direct listing.

N26 exceeds 2 million customers in France

N26 announced that it has convinced 2 million French customers to use its services after 4,5 years since entering the market.