MYOB has entered into an agreement with BankLink for the supply of bank transaction data to be used in a range of new MYOB products.
MYOB CEO Tim Reed says the data service will form part of an innovative series of new offerings from MYOB, Australasia’s leading business and accounting solutions provider.
“Choosing BankLink as our data supplier will allow us to provide greater choice, and convenient, secure and robust solutions for businesses and accountants,” says Tim Ree.
Mr Reed says BankLink is a locally owned success story, which has been working with banks and accountants across New Zealand and Australia for 23 years to streamline the accounting process for small business clients.
BankLink works with over 100 financial institutions and 4,000 accountants in New Zealand and Australia, managing more than 10 million transactions per month from over 350,000 accounts – up to five times more than any other bank data supplier in the region. MYOB provides accounting solutions to over 1,000,000 Australian and Kiwi businesses and over 10,000 accountants in practice.
BankLink chief operating officer Richard Reese says the agreement is an exciting opportunity for BankLink. “This arrangement is a significant endorsement of our technology and expertise in the secure collection and delivery of data. It’s also an opportunity to extend into a new market while staying focused on what we do best.”
“By providing BankLink data to MYOB’s new products, we are able to extend our data offering into a new market – those small businesses who want to manage their own accounting solutions,” says Mr Reese.
Tim Reed says the new data feeds will be available in a range of new products to be released to both Australian and New Zealand businesses over the coming months.
“This agreement will allow transactions from over 100 banks and financial institutions to be imported directly into MYOB products in the future, bringing real time savings for businesses. By importing items like sales and supplier payments directly, businesses will no longer need to spend time entering data,” said Mr Reed.
