The modern accounting and BFM software market is growing exponentially, and to remain competitive, companies should embrace innovative technologies and widen their service propositions. Open banking becomes a divining-rod merging tech-savvy with resource-saving solutions to streamline critical business processes.
Odoo is a Belgium-based all-in-one business management and accounting software that covers all forward-thinking company needs: accounting, billing, ERP, CRM, e-commerce, inventory, point of sale, project management, manufacturing, and much more. Using Salt Edge Account Information, the company levels up the bank synchronisation in their accounting platform. Now Odoo enables its users to retrieve bank transactions from across European banks effortlessly. It helps businesses to have a true picture of their company financials in real-time, thus saving time and gaining efficiency in all subsequent operational processes.
“We needed to cover a large number of banks in a maximum of countries, quickly. Salt Edge turned out to be our best choice as open banking partners; They have a qualitative and well-documented API, transparent communication, and a much-appreciated ability to simplify complex legal issues. Our goal is to integrate all business flows and keep them simple for our users. Salt Edge’s open banking solution helps us achieve it”, said Benjamin Stiénon, Product Owner at Odoo.
Teaming up with Salt Edge, Odoo will better serve its growing customer base of over 5 million users and 50,000+ companies and offer borderless service by getting access to more than 2,500 financial institutions in Europe.
“Open banking revolution is spreading across the financial services market, and accounting and business management are already reaping a rich harvest from it. Live bank feeds powered by open banking transform many accounting processes from physical to digital, boosting efficiency and reducing operational costs. Salt Edge’s main goal is to build a stable and secure infrastructure making integration with our solutions smooth and flawless. We are excited to join hands with Odoo, a user-friendly all-in-one business tool to automate the management of crucial business operations via open banking technology, thus helping more companies to grow their success”, said Vasile Valcov, VP at Salt Edge.