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