Xero has partnered with Nedbank to launch South Africa’s first fully digital direct API enabled bank feed over the coming weeks.
The new feed will go live soon and give small businesses and their advisors access to daily financial data – helping them to better manage cash flow.
The first bank feed uses a fully digital connection process. Once live, small businesses and their advisors will be able to seamlessly connect their Nedbank account to Xero and import banking transactions automatically and securely from their account each business day.
Businesses and advisors will be able to reconcile statements; create smart, shareable reports and online invoices; and review their cash flow from anywhere. Having these kinds of insights into their financial position is essential for small businesses to make informed decisions during this critical time.
Commenting on the new partnership, Alan Shannon, Nedbank Executive: Professional and Small-business Banking Client Engagement, says:
“As we adapt to the new normal, our support for small business is unwavering and our partnership with Xero is another way in which we vote small business by providing them with the tools needed to recover their edge.”
