MYOB, BankLink in data deal

Deal signals new products from MYOB

Accounting software maker MYOB has entered into an agreement with BankLink for the supply of bank transaction data to be used in new MYOB products.

MYOB CEO Tim Reed says new data feeds will be available in a range of new products to be released to both Australian and New Zealand businesses over the coming months.

“This agreement will allow transactions from over 100 banks and financial institutions to be imported directly into MYOB products in the future, bringing real time savings for businesses. By importing items like sales and supplier payments directly, businesses will no longer need to spend time entering data,” says Reed.

BankLink works closely with the accountant community and offers high levels of security, he says.

BankLink chief operating officer Richard Reese says the agreement is an exciting opportunity to extend into a new market, small businesses who want to manage their own accounting solutions.

BankLink works with over 100 financial institutions and 4,000 accountants in New Zealand and Australia.

“We will be spending over NZ$30 million per annum on research and development for the next three years and introducing the next generation of our family of software for businesses and accountants that marks a step-change in technology,” says MYOB's Reed.

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