Accounting software program supplier FreeAgent has introduced a brand new partnership with sensible spend administration platform Pleo, in a transfer to make it simpler for UK small companies to handle day-to-day bills and money circulate.

The combination designates Pleo as FreeAgent’s most well-liked expense administration companion. It would allow the seamless syncing of bills, card transactions, receipts, and attachments from the Pleo platform instantly into FreeAgent, full with classes and VAT data.

This automation is designed to scale back the numerous burden of guide knowledge entry, get rid of the necessity for finance groups to chase staff for lacking receipts, and guarantee extra correct, up-to-date books.

Giving companies a real-time view of spending

The partnership permits companies to difficulty Pleo’s digital or bodily firm playing cards to staff, whereas sustaining full management over spending limits and insurance policies. Each transaction made with a Pleo card is robotically tracked, categorised, and matched with a receipt within the Pleo app.

By way of the brand new integration, this knowledge is then synced instantly into the FreeAgent accounting software program. This offers enterprise homeowners and finance groups with a transparent, real-time view of all firm spending, from recurring subscriptions to one-off purchases, in a single place.

The businesses state that the result’s much less monetary admin and extra time for SME homeowners and groups to deal with working and rising their companies, which is important as value pressures on small companies stay excessive.

A shared imaginative and prescient to empower SMBs

FreeAgent, which was acquired by NatWest Group in 2018 however is run as an operationally impartial entity, serves over 200,000 UK companies. Pleo is certainly one of Europe’s main enterprise spend options, trusted by over 40,000 companies throughout 16 markets. Each corporations highlighted their shared imaginative and prescient for supporting small and medium-sized companies (SMBs).

Roan Lavery, CEO and co-founder of FreeAgent, mentioned: “We all know how irritating and time-consuming it may be for small companies to maintain observe of spending, particularly when a lot of completely different persons are making purchases.

“This partnership with Pleo takes an enormous quantity of that stress away. Bills are recorded and despatched straight into FreeAgent with out the same old chasing round for receipts or spreadsheets. It simply works within the background, so enterprise homeowners can deal with working their enterprise, not wrestling with their books.”

Haresh Bajaj, SVP at Pleo, added: “Pleo are thrilled to launch our integration with FreeAgent; two companions with a shared imaginative and prescient of empowering SMBs with seamless monetary instruments. This partnership is a step ahead in simplifying workflows and unlocking better worth for our clients, and we’re excited concerning the affect we’ll obtain collectively.”