Invoicing and inventory management software provider SmartBill has partnered with Romania-based Smart Fintech to integrate a Smart Accounts service.
As the first local Open Banking service authorised by the National Bank of Romania, Smart Accounts supports the automatic interrogation of bank accounts thus allowing users or accounting companies to instantly connect with the banking data of their customers.
The main benefit of Smart Accounts is that it supports the automation of the entire process of interrogation and aggregation of data from multiple bank accounts. This way, it eliminates the need to operate data manually and repetitively across various applications. Ultimately, this improves the accuracy of financial-accounting activities for SmartBill users.
SmartBill officials cited by business-review.eu highlighted that Romanian SMEs and accounting firms have been increasing the efficiency of their activity for over 16 years through the SmartBill ecosystem. The Smart Accounts integration serves to minimise errors that could occur during manual bank data…