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NoCFO Selects Nordigen to Help Entrepreneurs and Small Businesses Improve Decision-making and Increase Efficiency Through Open Banking Data
Nordigen, an open banking provider and a GoCardless company, has signed accounting software firm NoCFO to provide entrepreneurs and small businesses a more intelligent way to manage their books and run their business.
NoCFO can now offer users access to their business banking transaction data, directly within nocfo, its easy-to-use accounting platform, via Nordigen’s open banking connections. By gaining access to transaction data, users can make better business decisions, reduce the time spent on accounting admin and increase the efficiency and accuracy of their financial reporting and analysis.
nocfo is a cloud-based accounting platform that helps entrepreneurs and small businesses keep on top of their book keeping and invoicing and maintains records of key financial documents, such as bills and receipts. The integration of users’ business banking data will add even more value to the platform, which uses artificial intelligence and machine learning to automate the accounting process.
“Working with Nordigen enables us to build a modern accounting platform. From its broad open banking connectivity, which allows us to connect to almost every single bank in Finland through one simple step, to the fast and secure access to bank account data that gives entrepreneurs and small businesses an unparalleled view of their financial position, Nordigen’s network and expertise helps us cater to our customers’ demands for easy-to-use and efficient services. Nordigen also provides additional insight, such as ways to organise transactions into different categories, which will help us make our software smarter in the future. This will deliver more value by saving time and money for customers,“ says Teemu Karuluoto, co-founder and CEO of NoCFO.
“Small business leaders and entrepreneurs have enough on their to-do list, so anything we can do to eliminate the need for reconciling receipts and picking through piles of invoices can only be a good thing. That’s why we’re excited to work with NoCFO, delivering open banking data straight into its platform. This way, leaders everywhere can make better decisions and free up time for the activities that will truly drive their growth,” says Rolands Mesters, co-founder and CEO of Nordigen.
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