Yapily teams up with KashFlow to boost digital bookkeeping service

By Megha Bhattacharya

Enterprise connectivity platform Yapily has teamed up with KashFlow, by IRIS Software Group, to enable the former’s customers to gain real-time insight into their cash flow and provide them with a frictionless end-to-end bookkeeping service.

F Sullivan, Chief Product Officer for IRIS Software Group said, “By partnering with Yapily, our customers now have a far more efficient and secure way to manage their cash flow – which is of utmost importance in this current landscape of uncertainty.

“Yapily’s core infrastructure means KashFlow customers can now control their controllables with ease. Getting a single source of truth about their financial health so they know best how to prepare for what’s ahead. They can now move forward with confidence – and thrive – in the next normal.”

KashFlow customers, via the partnership, can connect and extract account information all from within the KashFlow portal – providing them with their business’ financial health. This aims to remove the friction and inefficiencies involved with manual bookkeeping and provides customers with the insight they need. Yapily’s open banking API will enable KashFlow to improve its SME customers’ experience with the acceleration of critical processes such as invoicing, reconciliation and payroll.

Recently, Yapily announced its launch in Germany. The FinTech aims to offer its API-only platform for companies for enabling them to benefit from open banking, develop new revenue streams and boost product innovation.

Stefano Vaccino, Chief Executive Officer for Yapily said, “Leveraging our technical expertise, we’ve been able to provide KashFlow’s customers – a large number of which are SMEs, critical to the UK economy’s recovery – with a better customer experience and crucial insight into their financial positions. Something that is needed now more than ever with the UK in a second national lockdown.

“Through partnering with KashFlow, we’re continuing our mission to expand the reach of open banking and bring its benefits to all small businesses. We believe open banking enables fairer and better financial services for everyone. We look forward to developing our partnership with KashFlow and IRIS Software Group to fuel greater financial accessibility for their customers.”