UK: Curve launches feature to automate expenses accounting

FinTech start-up Curve has teamed up with online accounting software developer Xero to help small businesses by automating expenses accounting.

Curve, which allows users to link all their bank cards to one contactless Mastercard and track their spending, has partnered with Xero as part of its newly launched ‘Curve Connect’ feature, which will see Curve link with a range of third-party apps and services.

"The new partnership will mean that business owners have the option of linking their business card spending with their Xero account so that when the user pays for a business expense, they just need to select the business card they wish to use on their Curve account."

The new partnership will mean that business owners have the option of linking their business card spending with their Xero account so that when the user pays for a business expense, they just need to select the business card they wish to use on their Curve account. From this, the data from the purchase will be sent straight to Xero’s cloud-based accounting software. Users will also be able to take a picture of the purchase receipt to instantly sync the receipt with the expense.

The new link with Xero is designed to help business owners, accountants, and bookkeepers manage business finances more efficiently by reducing the time spent on manual data entry and transaction reconciliation.

 

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