back Back

Allica Bank announces integrations with Sage and Xero

By Gloria Methri

March 13, 2024

  • Accounting Software Platform
  • Allica Bank
  • Business Accounts
Share

Allica Bank, Digital Relationship Banking, Accounting Software Provider, FinTech, UKAllica Bank, the digital relationship bank for established businesses, has announced partnerships with accounting software platforms Sage and Xero.

The direct integrations will mean Allica Bank’s business current account customers who use Sage and Xero can have their account transactions fed automatically to their accounting software.

Sharing this data (including amount, date, time, direction, reference, and merchant information) can save business owners and their accountants significant amounts of time, reduce manual work, and eliminate the potential for error.

The link-up comes after a busy period of growth for Allica Bank’s flagship business current account, which has been designed specifically to serve the needs of businesses with up to 250 employees. In addition to no monthly fees, cashback, and competitive savings rates, it also offers its customers the support of a dedicated relationship manager.

In December 2023, Allica Bank shared that 2,000 customers had already signed up to its business current account.

Sophie Hossack, Allica Bank’s Head of Partnerships, said, “Allica Bank is incredibly excited to launch our direct integrations with Sage and Xero. By partnering with these leading accounting software companies, we are helping more established businesses in the UK to save time and access their financial information. Using these insights, business owners and their accountants can make the most of their finances, finding opportunities to grow and succeed. We are proud to be partnering with Sage and Xero and look forward to working closely with them.”

Christopher Grieves, Head of Product Management Marketing at Sage, said, “This collaboration marks a step forward in one of our key missions: simplifying business accounting. The integration this partnership brings between Allica Bank and Sage’s accounting platforms will help streamline our mutual customers’ operations, minimise manual errors, and, in turn, save valuable time for business owners.”

Jon Bellamy, Strategic Partnerships Manager at Xero, said, “This integration will provide Xero and Allica Bank customers and their accountants with greater control, visibility, and security over their financial data. It will also save business owners and their advisers a significant amount of time each month. It is fantastic to partner with Allica Bank to support our shared customer base as they look to get more from their banking.”

Previous Article

March 13, 2024

5 Alternative financing platforms digitising lending space in Egypt

Read More
Next Article

March 13, 2024

PPRO announces €85m funding to fuel growth

Read More








IBSi Daily News Analysis

Generative AI

April 12, 2024

Accounting Software Platform

Security experts sound the alarm on Deepfake threats in the age of AI

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 15, 2024

SBI SECURITIES partners with Broadridge for post-trade solution

Read More

April 15, 2024

Linedata acquires French AI startup DreamQuark

Read More

April 15, 2024

BNF Bank launches customer digital onboarding platform

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023