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Tech Lowdown: AccountancyManager, NetSuite, Codat and Primer

This week, our tech round-up features AccountancyManager's integration with QuickBooks, product upgrades from NetSuite, Codat's partnership with Microsoft and Primer's launch of its new payments API.

2nd Nov 2020
Staff Writer AccountingWEB
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AccountancyManager launches QuickBooks integration

This week, AccountancyManagers announced a partnership with QuickBooks, accompanied by several new QuickBooks integration benefits to its platform. Users have to set up the integration to benefit from the news features.

Client information synced in both directions: Any changes made to client details in their QuickBooks accounts are replicated in the client’s file and portal on AccountancyManager. Any details changes made in AccountancyManager portal are also updated by QuickBooks. 

Duplicate entries: When syncing client files, both systems will be updated automatically.

New clients added automatically: New clients added to AccountancyManager QuickBooks will appear within the other platform without prompting.

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NetSuite upgrades

Business management and accounting software NetSuite has released the following product upgrades aimed at finance and accounting professionals:

  • New cash management capabilities: Connect to thousands of global financial institutions. Connections automatically import transactions and account balances into NetSuite to improve decision making through real-time insights into bank activity. It reduces reconciliation time by automatically matching bank data with transactions.
  • Accounts payable automation: Reduces manual efforts and streamline financial management by accountants to digitally manage workflows and automate entry of invoices, electronic payment processes, and scheduled payment runs.
  • Transactions and invoice automation: Eliminates time-intensive and repetitive tasks by enabling finance teams to automate invoice grouping, intercompany cross charges, and the creation and posting of transactions.
  • Better budgeting: Helps automate budgeting process, eliminate manual data collection and reduce budgeting cycle times via a dedicated solution with capabilities for revenue and expense projections.

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Codat becomes Microsoft partner

London fintech Codat recently announced its partnership with Microsoft. Under the new agreement Codat will integrate with Microsoft Dynamics 365 to make it “co-sell ready” for users in the financial services sector.

The partnership is aimed at improving firms’ customer understanding and decision making as well as making it easier for small business customers to apply for financial products.

The Codat platform is hosted on Microsoft Azure and both companies serve several mutual clients including banks, lenders, insurers, payments, point of sale and ecommerce businesses. Microsoft customers deploying Codat can exchange data with their small business customers without leaving Azure.

“We’ve made rapid progress in addressing a universal pain point in SME financial services: the manual and slow exchange of financial data between SMEs and their service providers,” commented Codat CEO Pete Lord. “Our modern API technology, hosted on Microsoft Azure, provides the means to do this better, giving firms the ability to offer SMEs a suite of improved and more agile products and services, while at the same time dramatically reducing their own operating costs.”

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Primer launches payments API

Merchant fintech Primer, backed by Balderton and TransferWise co-founder Taavet Hinrikus, has launched a unified checkout and payments API.

Founded by ex-PayPal employees, Primer provides an open payment infrastructure to help merchants consolidate payment methods and data. The software manages the sales checkout process and consolidates payments behind in the back end in the following ways:

  • Unifies all payment service providers (PSPs), fraud providers, and other third-party services such as Stripe, Klarna, Amazon Pay, Riskified and direct debits through one API integration and checkout
  • Provides a consolidated dashboard and comprehensive reports to let merchants to see all transactions in one place rather than logging into multiple PSP dashboards.

“Merchants don't want to be constrained by payments any longer,” said Primer cofounder Paul Anthony. “They want to offer customers the experience they expect, wherever they are, and without compromising on user experience (UX) and optionality at checkout. The payments landscape is evolving at a rapid pace, and merchants need to leverage best-in-class technologies at every step in the checkout process. Primer is designed to put merchants on the leading-edge of payments, and to keep them there.”

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