Tide to introduce Intuit QuickBooks bank feed
The upcoming integration will benefit 1,000s of mutual Tide and QuickBooks customers
Tide members will get close to real-time updates into their QuickBooks account to better manage cash flow
London, UK - 12 November 2019
Tide, the leading digital business banking platform[1], has today announced that a brand new bank feed integration with Intuit QuickBooks is coming soon. This bank feed will allow Tide members to transfer transaction data seamlessly and securely from their Tide account to the QuickBooks Online small business accounting platform, helping them to save a huge amount of time in a previously manual process.
This integration from Tide will be its first use of the new Open Banking standard with any financial management software and puts members in control of their data. Open Banking is an easier way to move, manage, and share financial data.
The new Tide - QuickBooks integration will give Tide members close to real-time updates on their payments, expenses and cash balances exactly when they need it. It will also allow members to maintain a fully formed picture of their accounts (being able to look back up to two years), to better understand and manage their business’ cash flow.
The bank feed will be quick and easy to set-up either through the QuickBooks or Tide interface, with members being able to start using the bank feed in minutes.
Oliver Prill, CEO at Tide said: “Integrating with QuickBooks has been a big target for us since we launched, so it went without saying that we would prioritise them as the first major integration to launch using the new Open Banking standards.
“Accounting integrations are an important part of Tide’s strategy as a digital platform. With our mission being to save small businesses time (and money), seamless connectivity between the tools used by small businesses to manage their banking and admin is crucial.”
Shaun Shirazian, Head of Product Europe for Intuit QuickBooks, said: “We know that lots of our customers are embracing new digital solutions in the workplace and changing how they run their businesses. Ensuring that we’re able to empower that journey through the best and latest innovations, advanced Open Banking connections and amazing digital partnerships with the likes of Tide, is vital for the prosperity of our customers.”
Tide has been the first to implement a number of integrations. For a full list of connections, visit Tide.
Sources
[1] Tide is not a bank, but a business banking platform and the leading digital challenger in business banking services. We believe that a platform approach is the future of business banking, allowing us to offer both financial and admin services to SMEs saving them time (and money) to allow them to focus on what they love: running their businesses.
About Tide:
Tide’s mission is to help SMEs save time (and money) in the running of their businesses. The Tide platform not only offers business accounts and related banking services, but also a comprehensive set of highly usable administrative solutions, such as full integration with accounting systems. Using advanced technology, all solutions are designed with SMEs in mind. Tide is now the emerging leader in SME challenger banking in the UK. Tide believes that truly serving SMEs well requires relentless focus on their needs. That is why Tide is SME only.
Since it was founded in 2015 and launched in 2017, Tide has raised investment from major backers including Anthemis, Augmentum, Creandum, Goodwater, LocalGlobe, Passion Capital,SpeedInvest and The SBI Group.
- Facebook: https://www.facebook.com/tidebanking/
- Twitter: https://twitter.com/TideBusiness
- LinkedIn: https://www.linkedin.com/company/tide-banking/
- Instagram: https://www.instagram.com/tidebanking/
- Youtube: https://www.youtube.com/c/TideBanking
Disclaimer
This information is intended to outline our general product direction, but represents no obligation and should not be relied on in making a purchasing decision. Additional terms, conditions and fees may apply with certain features and functionality. Eligibility criteria may apply. Product offers, features, and functionality are subject to change without notice.
For more press information
Sarah Penney
sarah.penney@tide.co
About Intuit
Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at Intuit.com and find us on social for the latest information about Intuit and our products and services.
Intuit Limited registered in England (Company No.: 2679414) Registered address and principal place of business: 5th Floor Cardinal Place, 80 Victoria Street, London, SW1E 5JL, England.