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

 

Science: Hookworm Discovery At Malaghan Institute

Professor Graham Le Gros has led a team which has stimulated both innate and memory responses to the parasite, discovering along the way the unexpected behaviour of one particular immune cell, in Hookworm, one of the world’s most devastating tropical ... More>>

Business: Provinces Urged To Make Full Use Of New Air Services

Provincial New Zealand has been urged to use new air services to Auckland or risk losing them either partially or completely. The stark warning was issued today by Far North mayor John Carter at a ceremony at Kaitaia airport to mark the final Air ... More>>

Mobile: 2degrees To Credit All Calls And SMS To Nepal

In the wake of the devastating earthquake in Nepal in the weekend, 2degrees will be crediting all calls and SMS messages made to mobiles and landlines in Nepal from Friday 24th April until midnight Wednesday 29th April. More>>

Scoop Business: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>

ALSO:

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Scoop Business: NZ Broadcasters Launch Battle Against Global Mode ISPs

New Zealand broadcasters have confirmed they’ve launched legal proceedings against internet service providers who give customers’ access to “global mode”, which allows customers access to offshore online content, claiming it breaches the local content providers’ copyright. More>>

ALSO:

Sanford: Closure Of Christchurch Mussel Processing Plant Confirmed

The decision comes after a period of consultation with the 232 staff employed at the Riccarton site, who were told on 9 April that Sanford was considering the future of mussel processing in Christchurch. Recent weather patterns had impacted on natural spat (offspring) supply... More>>

ALSO:

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news