26 May 2018
Visit aciworldwide.webex.com

CBA, Microsoft and KPMG team on SME business management platform

16 May 2018  |  5598 views  |  0 cba branc

Commonwealth Bank of Australia has teamed up with Microsoft and KPMG to launch a business management platform for SMEs.

Dubbed Wiise, the cloud-based platform promises to help small firms take control of their business by combining accounting, payroll and banking, and operational functions, including HR, inventory and manufacturing.

Launching in July, the platform will operate as a standalone venture based at the Stone & Chalk fintech lab in Sydney.

Wiise will integrate with CBA's invoicing platform and its banking data feeds, and users will be able to enquire, and in some cases apply, for specialised business banking products directly through the system.

Adam Bennett, group exec, business and private banking, CBA, says: "We're always looking for ways to better support SMEs to run and grow their business. Wiise is a great example of this commitment, and of our openness to working with leading business tools that bring our customers' banking to wherever they're doing business."

The platform is being targeted at SME's that have outgrown off-the-shelf accounting and book keeping tools and are looking for software that combines business management capabilities with online banking and payments.

Steven Worrall, MD, Microsoft Australia, says: “As businesses mature, they experience the inevitable 'growing pains' and complexity that come with growth.

"The technology solutions that served them well when they first started out are no longer fit for purpose and they just want a solution that makes their business simpler to run and faster to grow but without the complexity of deploying large, expensive Enterprise Resource Planning solutions."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.niceactimize.comVisit http://go.jumio.com/finextraAdVisit iliad-solutions.com/

Who is commenting?

Top topics

Most viewed Most shared
satelliteAnt Financial provides tech for China Ever...
24161 views comments | 3 tweets | 2 linkedin
Digital banking transformation creating new systemic risksDigital banking transformation creating ne...
8715 views comments | 18 tweets | 26 linkedin
MUFG to roll out blockchain payment network next yearMUFG to roll out blockchain payment networ...
7457 views comments | 13 tweets | 13 linkedin
There are some things you just can't do with an appThere are some things you just can't do wi...
6613 views comments | 9 tweets | 15 linkedin

Featured job

Basic c. EUR 120K OTE c. EUR 250K plus full benefi...
Paris (preferred) or London

Find your next job