Procountor Tili revolutionizes banking services for SMEs

Alisa Bank Plc Press Release 26.11.2024 AT 12.55 EEST

Accountor Finago and Alisa Bank are introducing the innovative Procountor Tili solution, which transforms banking services for small and medium-sized enterprises (SMEs). The solution seamlessly integrates a business bank account with financial management, offering businesses a streamlined and cost-effective way to manage their finances.

"Procountor Tili is a step towards better banking services for small businesses. Together with Alisa Bank, we’ve aimed to solve what is arguably the biggest challenge in SME banking services - expensive and complex banking connections. Now, this service is available at a fixed rate, under ten euros per month. It’s clear savings for small businesses," says Mikko Soirola, CEO of Accountor Software. 

In addition to facilitating smooth account opening, Procountor Tili enables direct banking management through Accountor Finago’s financial management software Procountor. This makes data transfer between the bank and the financial management software affordable and nearly real-time. The required Webservice data transfer is included in the service price. 

More than a banking connection

However, the solution is more than just a bank account or a connection. It enhances the use of real-time financial data and improves business decision-making. At the same time, it significantly reduces the manual work associated with banking services in accounting firms. Procountor Tili genuinely supports all stakeholders using financial management software. 

"I chose the Procountor Tili service primarily for its cost-effectiveness. After comparing alternatives, I realized that other banks’ services would cost my company an average of around 60 euros per month. Procountor Tili offers equivalent services for a 10-euro monthly fee, resulting in significant monthly savings for my business. Real-time balance checking is also free, and other daily usage is quite smooth. However, I would like to see improvements in mobile usability," says Onni Rautanen, CEO of Vogon-IT Oy. 

High banking connection costs are often even a barrier to digitalization for businesses, as entrepreneurs may resort to manual bookkeeping due to the expenses. The fixed price of Procountor Tili eliminates this cost risk. With interest earned on the included bank account, small businesses can potentially cover the entire service fee with interest income, making Procountor Tili effectively free. 

Digital financial management is real-time, transparent, and therefore more reliable and secure. It also reduces the risk of errors while helping to meet anti-money laundering regulations and supporting sustainability reporting. 

Redefining Banking and Financial Services  

A new era has begun in SME banking services. Accountor Finago and Alisa Bank also provide financing services to businesses seamlessly through Procountor. 

With the invoice financing service Kassaturva, businesses can immediately access funds tied to sales invoices. The business loan service supports growth and investment financing. 

"The advanced integration of financial services into the financial management system lies in utilizing real-time accounts receivable data for credit applications and approvals. This model is entirely unique, as banks previously didn’t have this level of access to business data, and supporting information had to be obtained from external sources. Additionally, all accounting tasks related to loan management can be automated," says Junno Roine, Head of Business Customers at Alisa Bank. 

Procountor Tili in a nutshell 

• Finnish IBAN business bank account 
• Easy and fast implementation – fully digital – no setup fee 
• The account can be used directly through Procountor or online banking 
• Up-to-date account statements, unlimited SEPA transfers 
• Includes Webservice data transfer from Alisa Bank’s corporate account to Procountor 
• Alisa Bank does not charge separately for using the bank account 

Contact information

Mikko Soirola, CEO, Accountor Software, tel. +358 40 703 0553, mikko.soirola@finago.com 

Juho Putkonen, Commercial Product Manager, Accountor Finago, tel. +358 50 350 3444, juho.putkonen@finago.com 

Junno Roine, Head of Business Customers, Alisa Bank, tel. +358 50 522 6037, junno.roine@alisapankki.fi 

About Accountor 
Accountor Software specialises in software for financial and HR management. It is driven by empowering Nordic businesses to thrive with innovative solutions that make work more efficient and effortless. Accountor Software is a participant of the UN’s Global Compact and adheres to its principles-based approach to responsible business. The group employs about 700 experts and its headquarters is in Espoo, Finland. 

About Alisa Bank 
Alisa Bank Plc is a financial technology company that provides seamless banking services through digital channels. We serve SME customers, deposit customers seeking competitive interest returns on their deposits and partners. Together with our partners, we offer integrated banking services in the channels where customers carry out their daily business. Alisa Bank Plc’s shares are listed on the main list of Nasdaq Helsinki (ALISA), and it holds a license granted by the Financial Supervisory Authority. www.alisapankki.fi