How Findity simplifies expense management with open banking
Findity, a leading expense management provider in the Nordics, is partnering with Tink to improve the expense process for businesses and employees alike. Here's how they're tapping into open banking to simplify everyday lives and cut down on administrative work.
Swedish company Findity is partnering with Tink to simplify the expense management process for businesses and individuals.
Typical expense management solutions came with several limitations, making the process clunky and time-consuming.
By tapping into open banking, users can connect their accounts, making it easy to track and select the transactions they want to submit as expenses.
Swedish company Findity specialises in expense management and helps businesses streamline the expense process by integrating all cards, accounting and payroll systems with their software. This provides employees with a smooth and automated expense experience – from purchase to reimbursement.
Findity gives businesses complete control of all their expenses, mileages, and per diems – always fully compliant with local tax regulations – in one place. And their software can be white labelled, providing an easy-to-use expense management app organisations can add to their own product portfolio.
To better take on the challenge of eliminating unnecessary admin and expense headaches so businesses and employees can focus on what matters, Findity is now partnering with Tink.
Automated expense tracking with open banking
Many expense management apps only allow for one, or a handful of card integrations, limiting the flexibility and efficiency for businesses and employees in their expense processes.
Rarely do businesses equip all their employees with individual company cards, which often leads to employees paying expenses for the company using their private cards or even cash.
With Tink's open banking platform, employees can now choose to connect any bank accounts they want to Findity – whether it's a personal account or the company’s. The connection lets employees automatically access their transactions so they can pair their company expenses with the receipt and submit them for reimbursement. Easy peasy.
And for businesses? Well, the combination of Tink's and Findity's technologies lets companies forget about the worries of switching banks or company card providers when selecting an expense management app. Instead, they get an expense management software that seamlessly fits with their existing bank and payment processes.
'At Findity, we constantly strive to simplify expense management for individuals and businesses, so they can focus on what matters. The innovative technology developed through our partnership with Tink truly is a game-changer for the whole expense management industry' shared Patrick Olsson, CEO at Findity.
Curious to know more about how you can leverage open banking to bring value for your customers? Check how other companies are using Tink – or learn more about how you can get started.