Allica Bank, the UK’s fastest-growing company, has announced a new integration with QuickBooks, a leading accounting software platform widely used by SMEs.
From May 14th, Allica Business Rewards Account customers can connect their accounts directly to QuickBooks, enabling automatic transaction syncing. This real-time connection will provide business owners and their accountants with an up-to-date view of their finances, reducing manual data entry and the potential for error.
The integration builds on Allica’s mission to transform business banking for established SMEs - those businesses with between 5 to 250 employees - a sector often overlooked by high street banks. The new integration will also enable businesses and their accountants to reduce admin, increase accuracy and make quicker decisions. It means less time crunching numbers and more time focusing on business strategy and growth.
Sophie Hossack, Head of Partnerships at Allica Bank, said:
"We’re incredibly excited to launch our integration with QuickBooks! By partnering with a leading accounting platform, we are helping businesses and accountants to focus more on what matters with quick and efficient technology. Time is a valuable resource for business owners and we will continue to simplify business banking to ensure we deliver a meaningful and impactful service to established SMEs across the UK.”
“A core focus of our partnerships team is to strengthen the collaboration between accountants and Allica as we believe it is crucial for SME success. The integration plays a key part in this as it empowers businesses with the financial insights and support needed to thrive whilst also simplifying processes for their accountants.”
Nick Williams, International Product Director at Intuit, added:
"This integration with Allica Bank enables a seamless connection with Allica’s Business Rewards Account, making it easier for business owners to manage their finances and communicate more effectively with accountants. From starting up, to scaling and beyond, the Intuit platform puts everything in one place to run and grow a business, from lead to cash. This means customers can direct their efforts elsewhere without worrying about tedious administrative tasks.”
This partnership reinforces Allica Bank’s ambition to transform business banking for established SMEs by making their banking more rewarding, powerful, and human for established businesses. Earlier this year it revealed that the success of its relationship and technology-based model means it will be tripling the size of its relationship manager team in 2025, alongside doubling its dedicated accountancy partnerships team, with the ambition to achieve a 10% share of the established SME market by 2027.