Ebitly and freemium open banking platform Nordigen have partnered to provide financial information straight onto the program from users’ bank accounts.
Ebitly is a real-time cashflow planning platform, which aims to give small and medium-sized enterprises access to smart and powerful financial management tools. The program’s interface is simple, but is packed with features. The toolset includes a “virtual CFO” which provides users with financial recommendations, payment analysis and reminders, as well as risk assessment.
Additionally, Ebitly boasts a predictions system, with users being able to add their own forecast, or receive one from the platform’s automated AI. The predictions are tracked against existing payments and invoices, eliminating duplicate data.
“Money is a huge aspect of any business and we believe that quality financial tools should be available to all entrepreneurs, no matter where they are in their business development. Our platform helps manage cashflow, as well as plan for the future and help tackle diverse scenarios that may come up. It is impossible to plan cashflow successfully without accurate information, so we turned to Nordigen to enable direct connections with our users’ bank accounts to acquire the most updated transactional data,'' says Madis Lämmergas, CEO of Ebitly.
Nordigen’s open banking technology allows Ebitly’s users to securely link their business bank accounts to the accounting platform, allowing it to update continuously with each new transaction.
“Financial management platforms, such as Ebitly’s solution, are extremely helpful to business owners, keeping them in the loop in terms of all financial aspects of their company. We are happy to know that our open banking technology helps budding entrepreneurs further develop and come closer to their goals through successful money management, ” notes Rolands Mesters, co-founder and CEO of Nordigen.