RIGA, Latvia (April 26, 2022) – Cashology has opted for Nordigen’s open banking solution to create a user-friendly accounting and budgeting platform. The new integration enables Cashology’s clients to link all their bank accounts directly to the tool and manage their finances in one place.
Cashology is the brainchild of an accountant who wished to see greater levels of efficiency and accuracy within the cash flow forecasting processes. From professional experience it was evident that the task of logging in to multiple bank accounts, downloading excel documents and endlessly using VLOOKUP takes up valuable time and is distracting from the core goal: planning ahead financially and having confidence in the organisation’s cash position.
“Cashology is designed to easily connect to your bank account data and help you categorise information much faster than in Excel. Professional reports can be created with a few clicks and shortcuts are available to forecast cash quickly. Nordigen was extremely supportive in getting Cashology’s API set up. Every query was answered quickly and thoroughly, which allowed development to progress without delay,” said Charlie Bennett, Managing Director of Cashology.
With Nordigen’s integration, clients can securely connect to their bank accounts and aggregate all their financial data within Cashology’s management system. This way all their accounting processes are performed more efficiently, using all accessible information. The link takes minutes to establish and the data within the accounting tool will be automatically updated to display changes in real-time.
“Nowadays, experts within financial services prioritise an improved customer experience, ease of use and automation. Cashology has created a tool to bring those features to accounting and we are excited to see Nordigen become a significant element in their journey to modernising cash flow management programs,” added Rolands Mesters, co-founder and CEO of Nordigen.
Nordigen is a freemium open banking platform that provides free access to open banking data and premium data insights. Nordigen’s free API connects to more than 2,300 banks in Europe and serves fintech companies and developers in 31 European countries, including the UK. Nordigen is a licensed Account Information Service Provider (AISP), regulated by the Financial and Capital Market Commission of Latvia and authorised in 31 European countries.
Cashology is a UK-based cash flow management tool. Created by experienced accounting professionals, Cashology was created with a focus on developing a program that will be easy to use, convenient, and add automation to daily tasks. Cashology connects directly to business bank accounts, aggregating all financial information in one place for easier management, analysis and forecasting.