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

 

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news