Everything you need to know about Xero-DBS bank feeds
Xero-DBS bank feeds are expected to go live on 1 August 2017.
A collaboration of this nature helps streamline the way SMEs manage their business finances, giving them easy access to accurate numbers on a daily basis.
Direct bank feeds enable SMEs to simply and quickly compile high-integrity financial data, giving business owners a clear, up-to-date view of their true financial position. And with accurate numbers on hand, business owners can make smarter business decisions without the hassle and costly mistakes caused by out-of-date cash flow balances.
Xero also helps connect small business owners with their banks, giving lenders easier access to the data they need to make informed decisions about loan approvals.
Xero-DBS direct bank feeds deliver:
real-time visibility of business cashflow
an accurate and comprehensive view of finances to make smarter business decisions
an up-to-date view of business performance and true financial position
- the ability to manage bank reconciliation daily
DBS direct bank feeds are available for all SME banking accounts (excluding credit cards).
Developing partnerships with traditional accounting firms is essential to our business model. By using Xero to automatically log and manage financial data, you’ll save time on administrative work such as manual bank statement imports, freeing you up to focus on more valuable advisory work for your clients. If you’re not a Xero partner, check out our partner program here.
Your clients must use Xero and bank with DBS in order to use Xero-DBS direct bank feeds. If your clients aren’t currently on Xero, see how Xero works for accounting practices like yours or get them to try Xero for free.
If your clients don’t currently bank with DBS, here’s how you can get them started.
If you have any questions about Xero-DBS bank feeds that aren’t covered above, please email email@example.com.
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