Why the future of open banking matters to accountants
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Why the future of open banking matters to accountants
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About this session
This episode will explore how far open banking has affected the workflow of accountants and what the future holds.
Introduced almost three years ago, open banking allows for a more connected accounting process, where accounting software can integrate with other third-party providers to provide a one-stop solution for digital accounting. Businesses which adopt open banking will gain hugely from automated processing, real time reporting and improved liquidity from faster settlement times.
But to do so requires a move towards cloud-based accounting services that support open banking - but exactly what software and skills do you need?
In this session, we will:
- Provide a better understanding of what open banking is - what it means for you and your clients
- Discuss how the UK is one of its most progressive adopters
- Show how open banking practices can be adopted in workflows going forwards
- Detail the platforms that can strengthen your business and those of your clients
A vital session whether you need an introduction to open banking or are planning your software purchases in 2021, register for your spot today.
You will earn 1 CPD point by attending this free 45-60 minute session in full
You must be registered and logged in to an AccountingWeb account to claim CPD points.
Please ensure details used to claim CPD points match those used when registering for this episode. Your certificate will be sent to you within 30 days of submitting your details.
