Cash flow management organization Cashology has turned to open banking provider Nordigen to launch its accounting and budgeting platform.
As Financial IT announced Wednesday (April 27), the coordination allows Cashology’s clients to connect all their accounts to the tool and manage their finances from one platform.
The report described the U.K. based Cashology as the invention of an accountant who needed to see more accuracy and efficiency in cash flow forecasting, a process weighed by tasks like logging into multiple bank accounts and downloading Excel documents.
The organizations said Nordigen’s integration will allow clients securely connect with their bank accounts and aggregate their financial information data within the Cashology system. This means their account processes are handled more efficiently, utilizing all available information.
“Cashology is designed to easily connect to your bank account data and assist you with sorting data a lot quicker than in Excel,” said Charlie Bennett, the organization’s managing director. “Professional reports can be created with few clicks and shortcuts are available to forecast cash quickly.
“Nordigen was very supportive in getting Cashology’s API set up. Each question was addressed rapidly and completely, which allowed development to progress without delay.”