Entrepreneurs strive for up-to-date financials, efficiency, and time savings. Manual bank statement retrieval poses a common challenge. Without automated data synchronization, tracking payments and invoices involves multiple steps: login, set up mandates, export data, insecure storage, and uploads to accounting software.
Teamleader’s commitment to enhancing their clients’ financial operations led to a strategic collaboration with Ponto. By leveraging the potential of open banking, Teamleader bridged the gap between their software and customers’ bank accounts, eliminating extensive manual work and mitigating errors commonly associated with tasks like incorrect date selections.
Thanks to a reliable and secure connection, Teamleader’s Open Banking integration with Ponto empowers entrepreneurs by providing:
- Automate transaction retrieval from customers’ bank accounts, ensuring accuracy and saving time.
- Automatically matching transactions with invoices, quickly identifying discrepancies for faster and more accurate reconciliation. This streamlines financial operations, empowering entrepreneurs with enhanced financial control and efficiency.
- Initiating payments directly from their software. This is made possible by Ponto’s Payment Initiation Service Provider (PISP) functionality. By simplifying the payment process, Teamleader can improve their customers’ cash flow management and enhance their operational efficiency.