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Codat + Unqork: Seamlessly Onboard Small Business Customers in Financial Services

Two businessmen talking with Unqork and Codat logos superimposed over image

In a Marketplace Spotlight Tech Talk, Codat unveiled two new module integrations that pull in up-to-date financial information to enable faster onboarding. Available now in the Unqork Marketplace! 

Codat was featured in our first-ever Marketplace Spotlight, a spin-off of our Tech Talk series where we demo and discuss the benefits of the latest listings no-code application developers can leverage within the Unqork Marketplace

Codat’s solutions engineer Matthew James joined Unqork’s very own Brian Karimi-Pashaki (head of technology partners) and Noah Grosshandler (product manager, GTM) to discuss two of the latest module integration drops: Connect a Source and Profit & Loss Balance Sheet.

SMB customer onboarding pain points

Financial service organizations struggle to onboard new small business customers quickly. According to Brian, this is a major problem because “customers want Amazon-like experiences. So it should be digital-first. It should be intuitive. It should be easy to use.” 

That coupled with ever-changing, increasingly scrutinized regulations mean that financial services firms are spending a lot of time working to keep their legacy systems up-to-par. Being compliant with the mandatory increases in transparency and resiliency is no easy feat when dealing with outdated tools and processes, after all.

It’s difficult to keep customers happy with the growing threat of fintech start-ups. To stop potential customers from going with a fintech competitor that boasts those consumer-friendly digital applications they crave, your first point of contact—the onboarding process—needs to be flawless. Here’s how the Codat-Unqork partnership can help.

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Eliminate these grievances with no-code

Automated data authorization is Codat’s bread and butter, which in turn makes the onboarding process, which is heavily reliant on data intake, a breeze. Matthew explains, “We make it easy to connect to a number of different accounting software platforms, banking systems, and commerce applications. And our customers don't need to worry about where the data is coming from, as it’s just in one easy-to-consume format. Where Unqork really comes in and shines here is making it easy to get access to that data.”

“[Codat] makes it easy to connect to a number of different accounting software platforms, banking systems, and commerce applications. ... Where Unqork really comes in and shines here is making it easy to get access to that data.”

The Connect a Source and Profit & Loss Balance Sheet integrations let SMBs connect their accounting software (QuickBooks, Xero, Sage and many others) via API. This allows financial institutions to pull all pertinent up-to-date financial information to better understand their customers. Working hand-in-hand, these two Codat listings provide the following benefits for any financial services company looking to onboard new small business customers:

  • Pull financial information from a client as painlessly as possible, ultimately enabling a great customer experience

  • Build deeper connections with your customers by understanding their financial needs with ongoing monitoring

  • Easily analyze P&L data

Interested in learning more and seeing Codat's listings in action? Watch the webinar.

Check out Connect a Source and Profit and Loss Balance Sheet Integration Templates on the Marketplace today! Pull vital, financial up-to-date financial information to better understand your SMB customers and enable fast onboarding for a great customer experience.