Modulr launches dashboard and industry co-operation drive

Modulr, the payments as-a-service FinTech, has announced the alpha launch of its Payments Dashboard and also the roll-out of its accountancy industry Pathfinder programme.

The Payments Dashboard is designed to deliver greater control, visibility and access to payments capabilities for accountants through accounting and payroll platform connections, multi-step approvals, granular access control and workflow management.

The Dashboard forms part of Modulr’s commitments to delivering better banking and payments services to SMEs, funded by the £10 million it was awarded from Pool C of the Capability and Innovation Fund (CIF) under the RBS Alternative Remedies Package.

The alpha launch dovetails with the unveiling of the company's Pathfinder programme that has seen “key thinkers” and well known professionals in the accountancy space sign up to being part of “building the future of accountancy innovation”.

This includes Lucy Cohen, co-founder of Mazuma Accountants, the online accountant for SMEs; Lisa Newton, founder of Boogles Bookkeeping, the bookkeeping service; Shane Lukas, managing director at AVN, the accountancy coaching and training expert; and Stephen Paul, chief executive at Valued, the technology-based accountancy firm.

Cohen said: “As someone who works with small and micro businesses I can see how payments can be a real pain point, which is why I wanted to join Modulr’s new Pathfinder programme to help solve this issue.”

She added: “Having a dashboard that gives you greater control and visibility will enable businesses to greatly improve their efficiencies and allow them to concentrate on the parts of the business that drive growth.

“Systems like this sit at the core of sustainable growth and control. Getting involved in the Pathfinder programme allows me to be part of the solution to a universal problem.”

Tom Kelly, strategic accountancy, payroll and employment services lead at Modulr, said: “We see accountants as allies in our bid to drastically improve the financial technology available to SMEs and their accountants today.

“SMEs have been poorly served when it comes to how their accountants access and manage their financial information and complex payment workflows that keep them running. The slow, manual processes - due to integrations with business banks - are lacking real-time insight and workflow sophistication to be both valuable and useful for their day-to-day needs.”

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