NatWest has announced a technology integration with cloud accountancy platform Xero.
The integration will allow Xero subscribers to access NatWest financing services directly from the software.
The collaboration will use Using Single Sign On (SSO) technology allowing Xero users direct access to NatWest’s Rapid Cash service, which provides businesses with a flexible line of credit to cover unpaid invoices for up to £500,000. The solution is aimed at helping businesses to overcome temporary cash flow difficulties.
Rapid Cash will be the first working capital product to have this level of integration with Xero’s platform in the UK, and is part of NatWest’s strategy to introduce broader connectivity between its digital banking services and other major providers in the business banking sector.
Andy Ellis, head of NatWest Ventures, said: “By offering our solutions directly through the platforms that customers use to manage their business day to day, we’re making it easier for them to get the support they need - whether that’s funding, products or our expert advice.’
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