IBOS member RBS has announced a partnership with leading accounting software provider, FreeAgent, in which the bank will offer the platform to small business customers.
FreeAgent, an Edinburgh-based company, allows small business owners, who in many cases have to do their accounts themselves, to save a valuable amount of time. By linking in with businesses’ bank accounts, the platform will improve forecasting, save time and simplify the whole tax process with useful elements like allowing users to attach photos of receipts to their transactions.
A unique data sharing capability will also allow the bank to run data analytics on companies’ accounts, in order to meet their business and financial goals.
Marcelino Castrillo, Managing Director of Business and Private at RBS, commented:
“The way customers want to bank with us is constantly changing, so it is important for us to innovate. The unique data sharing we are developing with FreeAgent has really exciting potential, as it means we will be able to offer an even better, more tailored service to customers who want it.
When you are a small business you want to concentrate on establishing and growing, not on tracking expenses and invoicing. By offering this platform, business owners will have everything in one place, giving them valuable time back to do what is most important – establish and grow their business.”
Read the full press release, via RBS’s website, here.