Staff Writer AccountingWEB
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Tech Lowdown: TransferMate, AccountsIQ, Starling and Signavio

This week, our tech round-up features TransferMate’s further integration with AccountsIQ, Starling expanding its loan service for business and sole traders, and Signavio’s release of Business Transformation Suite.

15th Jan 2020
Staff Writer AccountingWEB
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Using technology.

TransferMate launches payments within AccountsIQ platform

Following the special interest rates and lower fees offered by TransferMate for customers of AccountsIQ, TransferMate has announced further integration with AccountsIQ. 

An API connection between payment provider TransferMate and cloud-based accounting software AccountsIQ now enables international payments to be generated directly from AccountsIQ’s platform

Primary TransferMate features, such as paying international invoices, are now available from the accounting platform. The integration also means that planning, approving and completing FX payment runs can be completed from within an AccountsIQ login.

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Starling boosts loan service and adds business toolkit

Starling has recently expanded its business and sole trader accounts by offering unsecured loans of up to £250,000 and increasing its overdraft limits from £10,000 to £150,000. 

Overdraft interest rates will be based on an assessment of the business starting from 5%, with a fixed 7% for loans up to £25,000. For loans above £25,000, Starling rates are provided upon application.

Members can now join Starling’s waiting list for its custom-built tax and financial management toolkit to assist sole traders and limited companies, which includes tools to track invoices, monitor cashflow, keep track of tax and VAT owed, and submit VAT returns through HMRC MTD-compliant software. The account will cost £7 p/m for sole traders and £12 p/m for limited companies.  

These changes follow the £100m grant that Starling won from the Capability and Innovation Fund last year.

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Signavio releases Business Transformation Suite

Business process management software vendor Signavio has released a Business Transformation Suite for banking and financial services. Signavio describes the suite as an ‘all-in-one platform’ that enables users to model, analyse and optimise business processes.

The live insights feature allows users to turn static models into dynamic dashboards, set personalised audience visibility settings, and filter results based on attribute groups. The live insights system offers continuous monitoring and overall process health, visually represented through a traffic light system.

A remodel of the 'process outcome' feature now includes RPA, process mining and interchangeable tasks. It also allows users to set widgets, share modelling feedback and reviews, and collaborate throughout the suite.

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