Salt Edge brings open banking data to Deskera’s SME clients in Singapore
Provider of cloud-based business software Deskera partners with Salt Edge, leader in offering open banking solutions, to automate financial data aggregation for its SME customers.
In Singapore, business digitalisation is supported on the national level through various initiatives like SMEs Go Digital programme and the Automation Support Package (ASP). Deskera is a SaaS company, based in Singapore, that helps small and medium businesses with digital transformation by providing them with accounting, CRM, payroll, inventory, taxes and financial documentation support. These solutions are now available with one-click banking and easy reconciliation thanks to the collaboration with Salt Edge.
The last few months have been challenging for businesses, especially small and medium enterprises across the globe. They are in a transformative phase with evolved financial needs. Going digital is the key to the success of these companies. Deskera has been committed to bringing technology to their businesses and helping them grow. Our collaboration with Salt Edge will allow Deskera users to connect with hundreds of banks in an instant, which means our small business customers will spend less time on tasks like reconciling their banking transactions and can focus on their business and increase productivity. This partnership makes the entire process a lot easier, productive and safer for SMEs.
Salt Edge API enables aggregation of data from over 5000 financial institutions in 50+ countries to offer financial situation overview for businesses and their end-users alike. Instead of manually entering information or uploading CSV files, bank data becomes instantly available to Deskera’s SME customers for digitising their daily business needs from invoices, orders, bills and receipts to inventory and tax-related calculations. By connecting to 21 financial institutions in Singapore, Salt Edge API provides Deskera’s clients with their transaction history in a clean and easy-to-understand format. Transactions can be aggregated from all types of data sources, including e-wallets, banks, and crypto-wallets.
Digital transformation means that keeping finances in order and tracking them is much easier, as businesses can access all their accounts in one click. At Salt Edge, we are glad that we can help Deskera bring the benefits of open banking to its customers in 8 countries, simplifying internal processes and helping businesses thrive. We hope that our partnership with Deskera and our other Singaporian clients will continue evolving into more open banking exploration for the Asian market.
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About Salt Edge
Salt Edge – a financial API platform with PSD2 and open banking solutions. The company has two main vectors of activity: enabling third parties to get access to bank channels via a unified gateway, and developing the technology necessary for banks to become compliant with the directive’s requirements. ISO 27001 certified and AISP licensed under PSD2, the company employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers. The company is integrated with 5000+ financial institutions in 50+ countries.
Deskera is a leading cloud-based business software provider. The company is headquartered in Singapore and has a presence in the USA, India, Malaysia and Indonesia along with customers in the rest of Southeast Asia. For a decade, Deskera has been providing innovative accounting, inventory, sales and HR software to empower small businesses to be faster and more efficient. Deskera products serve customers in almost every industry. The company is focused on creating simple and robust software that drives progress for the clients by streamlining their operations, increasing productivity and cash flow.