PPS’s Mobile Solutions Equate to Simple Banking for Countingup Customers
Countingup’s current account provides business banking and accounting in one innovative solution
Countingup first launched its services in early 2018. It has since been dedicated to providing more than 8,000 business customers with seamless banking services. Despite just a short time in the UK market, it is fast becoming the leading accounting bank in the UK.
As part of its vision to be a complete financial platform for 1 million businesses globally, Countingup aims to make running a business easier in 2019 by providing a comprehensive range of accounting ,invoicing and banking features for SMEs.
An Alliance of Banking Tech Powerhouses
To create and operate an infrastructure necessary to support Countingup’s innovative business bank account, a proven expert in banking and accounting management programmes was essential. PPS has a successful track record in providing s innovative services to challenger banks and supporting their customers’ day-to-day financial needs on the go.
"Cue PPS – their insightful team has been invaluable to the success of Countingup"
PPS developed the technical platform and licenses needed to operate Countingup’s services. The service was designed to simplify financial operations for SMEs by giving business owners an overall look at the financial health of their business at a glance, alongside accounting services. This streamlines the financial admin necessary for running a company – a particular benefit for business owners with multiple responsibilities. Ultimately, Countingup’s customers benefit from a cost- and time-effective banking solution.
Countingup commented: “To get us off the ground and power us well into the future, we needed a company that is just as dedicated to providing innovative solutions as we are. Cue PPS – their insightful team has been invaluable to the success of Countingup and has enabled us to become the first business current account app in the UK. Now small business owners no longer have to juggle several pieces of software to run their business, saving them precious time to focus on other areas of the company.”
Among other features, Countingup’s solution offers:
• Faster payments
• Direct debits
• Automatic tax estimates
• Invoice creation
• Profit and loss reports
• Automatic categorisation of transactions
• PDF bank statements
• Access to the ATM network via Mastercard
Serving the UK’s SMEs
Countingup recently became the first challenger business banking provider to offer both invoicing and expense tracking tools, tailored to fit the specific needs of the UK’s small businesses.
In 2019, Countingup will not only build on the traction, and aims to thoroughly disrupt how small businesses do their accounting and banking. The partnership with PPS is built on compatibility and longevity. It is expected that PPS will continue to power the Countingup as it grows and develops well into the future. Plans are already in place to launch an innovative invoicing app and proposals for additional billing, VAT filing, and multi-user access are all to follow.
Ray Brash, CEO of PPS, commented: “Countingup’s experts knew customers needed a solution that would streamline their business finances while making accounting simpler. We are thrilled to power a mobile banking system that supports small businesses in such an innovative way. Counting up has proved itself as an incredibly forward-thinking company and we look forward to continuing to support it.”