Over the last few years, the biggest trend in the corporate banking market is undoubted that banking and accounting are merging. Cicero has written a new report titled “The battle of SME is continuing” where they believe the accounting system will be the preferred surface where SMEs will collect and manage their finances.
Everyone must have an accounting system, and almost everything suggests that it will be the preferred customer interface. The big question is whether it is the banks or ERP providers who will be the owner – Petter Solerød, responsible for bank analysis at Cicero
The accounting giant Visma is going into financing by establishing a Financing company, Visma Finance, which will offer invoice sales and probably loans gradually.
DNB and Sparebank 1 went into accounting last year when they bought into the accounting provider Uni Micro, preparing for creating “Vipps for accounting”.
Read more about the movements here:
- “Visma is definitely the big ugly wolf for the banks today” Link
- “The major banks are preparing the ground for a "Vipps” for accounting" Link
- “The accountant - A joker in the SMB battle” Link