bexio, a Swiss provider of cloud-based business and accounting software solutions, announced that it is joining the bLink open finance platform.

Through the bLink platform, SIX Swiss Exchange makes available a platform that connects financial institutions with third party providers.

Additionally, SwissSalary, Counteo and LIMMOBI were three other accounting software providers that were also new to the platform.

Using the standardised Account & Payments Services API on bLink, SMEs can now automatically integrate account and transaction data from their principal bank into their accounting tool.

This significantly reduces the administrative effort for SMEs, solving a key customer problem with the new interface.

Matthias Paulus, Product Owner of bexio said,

“The connection to bLink allows us to standardise and further stabilise data exchange with banks.

 

In the future, this will allow us to focus on our core competencies and the processing of this data, and provide our customers with even greater automation in payment transactions.”

Matt Zürrer, CPO of bexio said,

“We are already looking forward to offering our customers numerous new connections with bLink, such as in the cantonal bank segment.”