Brought to you by
iris

IRIS makes accountants more efficient and productive.

Save content
Have you found this content useful? Use the button above to save it to your profile.

KashFlow announces partnership with iwoca

28th Sep 2016
Brought to you by
iris

IRIS makes accountants more efficient and productive.

Save content
Have you found this content useful? Use the button above to save it to your profile.

KashFlow, part of IRIS Software, is today announcing a partnership with fintech business lender iwoca.

The partnership will offer KashFlow customers access to finance from within their account so they can cover unexpected costs, such as overdue invoices or large bills.

iwoca’s credit facilities are designed with small businesses in mind, as it understands the difficulties SMEs face when cash flow gaps appear.

To combat such issues, KashFlow customers can now gain access to iwoca through KashFlow apps page and plans are in place to extend the integration.

Steven Cox, Senior Product Director at IRIS Software, says, “Cash flow can cause problems for businesses of all shapes and sizes, although it can be particularly troublesome for the UK’s 5.3 million SMEs. The primary focus is often servicing clients and business growth, so unforeseen cash flow issues can have a disastrous impact. Our partnership with iwoca will empower small businesses to focus on growth by offering more choice of funding options.

“The partnership will also empower accountants who can now combine the real-time information in KashFlow with the insights provided by Gearshift to predict funding needs for their clients, not only where cash is tight, but also for growth. Using this information, accountants can then provide their clients with options and decisions, dealing with either cash collection issues or larger funding requirements.”

Christophe Rieche, CEO of iwoca, says, “Our vision is to make access to finance simple and seamless for small businesses, so we are delighted to partner with KashFlow to make this a reality for its customers. By working together, we will ensure KashFlow customers can access credit instantaneously using their accounts data, which will enable them to solve day-to-day cash flow challenges and invest in growth.”

Tags: