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Cloud-based accounting software provider Saasu has entered into an exclusive partnership with Westpac, describing the alliance as “the future of accounting”.
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Saasu, Westpac announce exclusive partnership
08 May 2015
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Marc Lehmann, Saasu chief executive, said the partnership, which integrates bank data with the Saasu system to provide business owners with valuable new insights, could change accounting.
“This partnership is the start of an exciting convergence of banking and accounting technologies, the future of accounting,” he said.
"We love being the innovator in our industry and we are excited to be partnering with Westpac to build out the vision.
"It’s all about the customer and freeing up their time to work on areas of the business that matter the most to them,” added Mr Lehmann.
According to the software provider, the partnership has been designed to equip customers with better financial tools to make informed decisions and alleviate any fear that may come with managing a business.
Specifically, the Westpac and Saasu integration provides business owners:
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• Real-time insight into cash flow with online invoicing, expenses, banking, budgets, payroll, inventory and financial reports
• The ability to predict cash flow in the future (using a combination of bank feeds and Forecaster)
• Cash-flow clarity and the ability to identify blind spots
• Fast, smooth automated bank reconciliations
Kalpana Gee, head of business digital at Westpac, said the partnership is a step forward in the evolution of business banking.
“Westpac is committed to helping our customers’ businesses thrive and experience the rewards that come with it. A big part of that involves supporting them with the right tools that they need to succeed,” Ms Gee said.
“By making it easy to combine banking data with the business tools available in Saasu accounting software, we save our business customers time and give them greater confidence to make informed decisions.”
The partnership comes after Xero announced a deal with NAB allowing its software to connect directly with the bank’s Application Programming Interface (API) simplifying and automating a number of tasks for small businesses.
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