Tag: Finexer
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Expert guide: Top 3 Open banking providers for UK’s Accounting & ERP Firms
What You Will Discover: Are your weekends consumed by manual reconciliation? Does your team spend countless hours downloading bank statements and matching transactions? Perhaps you’re watching competitors offer real-time financial insights while your firm struggles with data delays and manual processes. If you’re searching for a way to transform these challenges into opportunities, you’ve come…
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Open Banking Use Cases: From Bookkeeping to Advisory
What You Will Discover: Picture Sarah, a senior accountant at a growing firm in London. She spent hours downloading bank statements, matching transactions, and updating client records every Monday morning. Her team would dedicate weekends to reconciliation, often missing their children’s football matches. Today, Sarah enters her office, opens her laptop, and finds all weekend…
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5 Reasons to Adopt Open Banking KYC in the UK
What You Will Discover: In recent years, the United Kingdom has witnessed a significant shift in its Know Your Customer (KYC) landscape, driven by the rapid adoption of Open Banking technology. As regulatory compliance demands intensify, UK-based RegTech firms increasingly use innovative solutions to streamline and enhance their KYC processes. This article delves into the…
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RegTech and Open Banking: A Winning Combination
What You Will Discover: The financial services industry is undergoing a radical transformation driven by the advent of open banking and the rise of regulatory technology. As regulations become more complex and compliance costs soar, financial institutions turn to innovative solutions to streamline processes, reduce risks, and enhance the customer experience. What is RegTech? RegTech,…
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4 Ways Finexer Transforms Business Finance Management
Picture this: Your finance team spending countless hours juggling spreadsheets, manually entering data, and chasing down expense reports. Sounds familiar? You’re not alone. Many businesses are stuck in this loop, but here’s the good news – there’s a better way. In today’s rapidly evolving business landscape, the traditional approach to managing finances is undergoing a…
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A Practical Guide to Enhancing Financial Advisory Services
What You Will Discover: Introduction In today’s fast-paced financial landscape, clients expect their financial advisors to provide them with up-to-date, accurate, and insightful advice. However, many financial advisory firms still rely on outdated data collection and analysis methods, which can lead to delayed insights, limited time for meaningful client conversations, and difficulty scaling services without…
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How to Master Business Financial Management in 10 Steps
What You Will Discover: Understanding business financial management is key to any organisation’s growth and survival. Financial missteps cause serious problems. Knowing how to manage finances is important. This post presents ten essential steps to navigate finance effectively. From setting financial goals to embracing technology, this guide gives you the tools to enhance your financial…
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Accurate Cash Flow Forecasting for Businesses in the UK
What You Will Discover: In today’s fast-paced business environment, traditional methods of cash flow forecasting often present significant challenges. Finance teams typically spend hours consolidating data from multiple banking platforms, leading to delayed insights and reduced accuracy in financial planning. In fact, a recent survey revealed that a staggering 70% of financial leaders report spending…
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Efficient Auditing with Open Banking Integration
What You Will Discover: According to a recent study by Accenture, open banking is expected to revolutionise the auditing industry, with 84% of banks planning to invest in API-driven solutions by 2025. As the auditing landscape evolves, the integration of open banking and modern APIs is emerging as a game-changer, transforming how auditors work and…
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Guide to Open Banking Data Aggregation for Accounting Firms
What You Will Discover: Introduction Did you know that open banking data aggregation can significantly reduce the time spent on manual data entry for accounting firms? According to a study by Forrester Research, automated data collection through open banking APIs can save businesses up to 2 hours per day on manual data entry tasks. This…
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Automated Bookkeeping with Open Banking APIs
What You Will Discover: Introduction Did you know that manual bookkeeping can consume up to 20 hours per week for accounting teams? That’s a staggering 1,040 hours per year spent on tedious tasks like data entry and reconciliation. In today’s fast-paced business world, this inefficiency can significantly hinder growth and success. However, there is a…
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Supercharge Your Payment Collections with Accounts Receivable Automation
What You Will Discover: Introduction: In today’s fast-paced business landscape, efficient cash flow management is the lifeline of any thriving organisation. However, many UK businesses find themselves tangled in a web of manual accounts receivable (AR) processes that drain resources, hinder productivity, and stunt growth. This blog post unveils the transformative power of AR automation…
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Manual Reconciliation vs Automation: Save Upto 60+ Hours Monthly
What You Will Discover: It’s 2 PM on a Sunday. Sarah, the Financial Controller at a growing tech firm in Manchester, is surrounded by Excel sheets, reconciling hundreds of transactions. This isn’t how she imagined spending her weekends when she took the role. Sound familiar? For countless mid-sized firms across the UK, weekend reconciliation has…
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Payment Processing Fees: How Accounting Firms Can Save Upto 90%
What You Will Discover: A comprehensive payment processing fees comparison for accounting firms reveals that practices are losing thousands of pounds annually to unnecessary transaction costs. With Finexer’s Open Banking API, forward-thinking firms are cutting these costs by up to 90%. Picture this: It’s January, and your accounting practice is processing hundreds of tax season…
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Small Accounting Firms’ Guide to Instant Payments Collection
What You Will Discover: In the quiet hours after closing another client’s books, many small accounting firm owners face an ironic reality: while they excel at managing their clients’ finances, their cash flow remains trapped in a delayed payment cycle. Recent research from Accounting Today’s Practice Management Report reveals that small accounting firms wait an…
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Get Paid Faster: Connect Xero with Finexer Payment Solutions
What You Will Discover: In today’s fast-paced business world, efficiency and automation are key to success. For accounting professionals, streamlining financial processes and reducing manual tasks can lead to significant time and cost savings. This is where the integration of Xero, a powerful cloud-based accounting software, with Finexer’s Open banking payment solution, comes into play.…
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Free Accounting Software for Startups in the UK
What You Will Discover In today’s fast-paced business environment, choosing the right accounting software isn’t just about keeping books but building a foundation for growth. With the UK’s Making Tax Digital (MTD) initiative and evolving financial technology landscape, startups need cost-effective and future-ready solutions. Why Free Accounting Software Makes Sense for Startups The UK startup…
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Open Banking API Integration from Complex to Simple by Finexer
What You Will Discover In today’s dynamic financial landscape, mastering open banking API integration has become a crucial differentiator for businesses. Organisations worldwide seek efficient banking API implementation strategies to stay competitive, yet many struggle with the complexity and technical challenges. Finexer simplifies this journey, offering a unified platform that bridges the gap between traditional…
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Instant Bank Payments for B2B Transactions
What You Will Discover Instant bank payments are revolutionising the business payment landscape, fundamentally changing how companies manage their financial transactions. Finexer stands at the forefront of this evolution in the United Kingdom’s dynamic financial sector, offering businesses a powerful solution that combines the security of traditional banking with the speed of modern technology. The…
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The Open Banking ROI: A Financial Impact Study
What You Will Discover Executive Summary As financial institutions increasingly embrace digital transformation, measuring the ROI of open banking has become crucial for strategic decision-making. Our comprehensive analysis shows that open banking ROI extends beyond mere cost savings, encompassing improved customer experiences, new revenue streams, and enhanced operational efficiency. This study dives deep into real-world…
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Better Cash Flow Management with Open Banking
What You Will Discover Introduction In the fast-paced business world, effective cash flow management is not just a nice-to-have – it’s an absolute necessity. Cash flow is the lifeblood of any organisation, ensuring that you have the financial resources to meet your obligations, seize opportunities, and grow your business. Yet, for many companies, managing cash…
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Mastering Expense Management Automation with Finexer’s API
What You Will Discover Introduction: In today’s fast-paced business world, efficient expense management is crucial for maintaining financial control, improving cash flow, and ensuring compliance with company policies and regulations. However, traditional manual expense management processes are often time-consuming, error-prone, and inefficient, leading to delays in reimbursements, reduced visibility into spending patterns, and potential fraud…
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Finexer: Your Trusted Partner for Secure Open Banking Solutions
What You Will Discover Introduction Open banking has transformed the financial landscape, enabling third-party providers to access consumer banking data securely. However, with the increased sharing of sensitive information comes the responsibility to ensure robust security measures are in place. Finexer, as a leader in open banking, is committed to protecting your financial data while…
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Guide to Real-Time Financial Data by Finexer
What You Will Discover In today’s fast-paced, data-driven business environment, making informed decisions quickly is more critical than ever to staying ahead of the competition. Real-time financial data access through APIs like Finexer’s Open Banking data can provide the insights you need to transform your business operations and drive success. In this post, we’ll explore…
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Open Banking KYC: 85% Faster Business Verification
What You Will Discover Understanding Open Banking KYC In today’s fast-paced financial world, businesses face a critical challenge: verifying identities quickly and accurately while maintaining stringent compliance standards. Traditional Know Your Customer (KYC) processes, relying on manual document checking and lengthy verification procedures, have long been a bottleneck in business operations. However, a revolutionary approach…
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60% Higher Approval Rates: Open Banking Credit Assessment
Open Banking Credit Assessment is a revolutionary approach to evaluating the creditworthiness of small and medium-sized enterprises (SMEs) by leveraging real-time financial data shared through secure Open Banking protocols What You Will Discover Small and medium-sized enterprises (SMEs) are the lifeblood of the UK economy, accounting for over 99% of all businesses and 60% of…
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Open Banking for Accountants
What You Will Discover Accounting firms stand at a pivotal crossroads in a world where digital transformation is reshaping every industry. Picture an accountant’s typical Monday morning: downloading countless CSV files, manually matching transactions, and spending hours reconciling accounts. Now, imagine those tasks happening automatically while they focus on strategic advisory services for their clients.…
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Effortless Merchant Services for Small Businesses
Lets Understand Merchant Services for Small Businesses: Merchant services are financial solutions that enable businesses to accept and process payments from customers, including credit and debit cards, mobile payments, and online bank transfers What You Will Discover Setting up merchant services is crucial for small businesses aiming to streamline transactions and provide flexible, secure payment…
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Top 5 Examples of Open Banking Applications
What You Will Discover What is Open Banking API? Open banking is a groundbreaking development that’s reshaping financial services. Imagine if your bank could securely share your financial data with other financial service providers—like budgeting apps or even other banks—with your permission. This system of data-sharing, known as open banking, is made possible through what…
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The Complete Guide to Open Banking Payment
Open Banking Payment: A secure way to make direct bank-to-bank transfers, letting people and businesses pay quickly and easily without the need for middlemen. What you will Discover: Introduction The financial world is undergoing a rapid transformation, and traditional payment methods are becoming outdated. Enter Open Banking payment—a transformative solution that’s reshaping how consumers and…