Key facts around how Xero are innovating with NAB
The feeds are set up immediately and automatically, with data flowing overnight and available the next day. This is not just an online form like some have experienced before.
NAB is the first Australian bank with core API technology connected to Xero’s accounting cloud ecosystems.
Xero is one of the first external partners to connect through NAB’s API platform; linking a customer’s internet banking profile to their Xero account.
The API technology used to join Xero and NAB has unlocked new possibilities. We’re talking linking processing accounts payable, payroll, and speeding up approvals.
So if you’re a Xero client with National Australia Bank, you’ll be invited to experience direct bank feeds. Basically meaning- it’s easier to track your finances when you’re on the go.
What happens next?
You will be able to access this functionality through NAB Internet Banking from late May 2015. Keep a watch out for more information from NAB, and of course Xero will keep you in the circle too.
Eventually, Xero wants their customers to spend less time entering data and filing in paperwork. This way their clients have extra time for growing their business and working with their clients. This initiative between NAB and Xero is extra exciting chapter for Xero. Xero working to make life easier for Australian small businesses.
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