Today, we announced to the market the Commonwealth Bank in Australia has signed on the dotted line to supply automated bank feeds to our mutual customers from 2 February 2009.
It’s great to have signed up three out of four of the big Australian banks. Commonwealth Bank follows on from ANZ and NAB.
The automated bank feeds are a simple and effective way for small businesses to have all their bank statements imported directly into Xero, saving significant time and double handling of data.
“Successfully managing cashflow is vital for small businesses,” says Karen James General Manager Direct Sale and Service for Local Business Banking. ”Providing direct daily transactions to our clients who use Xero software is one more way we are making it easy for clients to manage their business more successfully.”
Customers can access the daily feeds by simply completing a Customer Authority form.