Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Kiwibank launches support for next-gen banking

Kiwibank launches support for next-gen banking

More Kiwi businesses are set to enjoy the benefits of streamlined communications between their accounting and banking, with Kiwibank today announcing its support for Xero’s next-gen banking.

Kiwibank’s business customers using Xero will now have better visibility and control over their finances, allowing them greater responsiveness to changes in business, saving time and increasing productivity.

Kiwibank Chief Executive Paul Brock says, “The latest Xero integration enhancements represent Kiwibank’s commitment to improving productivity for New Zealand businesses.

Accounting and banking is a natural pairing, so the decision to improve integration with Xero and streamline the process for our customers was simple.

Our business customers can now quickly set up feeds for Xero and they, or their accountant, can prepare statements in Xero and send them securely to their internet banking account, ready to be checked and authorised by the business owner. This streamlined approach will provide more time for business owners to focus on doing what they do best - running a business.”

Xero banking and payments expert Matt Vickers says, “As the walls continue to come down between accounting software and internet banking, the traditional friction in dealing with banking systems is disappearing. Beyond the simple flow of transaction data from the bank to the accounting system, Xero’s next-gen platform allows instructions to be seamlessly sent to the bank from Xero, allowing accounts and feeds to be created automatically.


“This results in time saved in accounts payable processing, making life easier for the business owner and allowing them more time to focus on running their business.

“This is world-class banking that is being noticed across all our markets and we hope it will become a standard banking service over the next few years,” says Vickers.

Xero’s next-gen banking service is now available to Kiwibank Internet Banking for Business customers.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Our Fresh Water: Monitoring Report Confirms Serious Challenges For Rivers

• nitrogen levels are getting worse at 55 percent and getting better at 28 percent of monitored river sites across New Zealand • phosphorus levels are getting better at 42 percent and getting worse at 25 percent of monitored river sites across New Zealand More>>

ALSO:

Stats: Wind And Geothermal Emerge As Significant Sources Of Energy

Geothermal’s contribution to New Zealand’s total renewable energy generation increased from 11.5 percent in 2007 to 21 percent in 2015.... The value of wind jumped from $238 million (2 percent of total renewable energy generation) in 2007 to $884 million (6 percent) in 2015. More>>

Errors Found: Electricity Authority Dumps Transmission Pricing Modelling

The Electricity Authority is ditching the cost-benefit analysis at the heart of its controversial attempt to find a new way to divide up costs for the national grid after finding an expanding range of serious computational errors in the work by Australian consultancy Oakley Greenwood. More>>

ALSO:

New Record: Migrant Arrivals At 129,500 A Year

Annual net migration has been steadily increasing since 2012. "This was mainly due to the rising number of migrant arrivals to New Zealand," population statistics senior manager Peter Dolan said. "Fewer migrant departures also contributed to the increase in net migration." More>>

ALSO:

Launched: NASA's Super Pressure Balloon Takes Flight From NZ

NASA successfully launched its football-stadium-sized, heavy-lift super pressure balloon (SPB) from Wanaka, New Zealand, at10:50 a.m. Tuesday, April 25 (6:50 p.m. April 24 in U.S. Eastern Time), on a mission designed to run 100 or more days floating at 110,000 feet (33.5 km) about the globe in the southern hemisphere's mid-latitude band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news