Speed up credit decisions and reduce administration using Novuna Connect, granting you quicker access to funds

Novuna Connect allows you to share your key information with us with the minimum effort on your part. To enable you to get the most out of your facility, we need to understand your financial accounts and have visibility of your banking, a process which is normally labour intensive, prone to errors and a potential fraud hazard.

Novuna Connect speeds up credit decisions and reduces administration, granting you quicker access to funds. This electronic process significantly reduces fraud and helps to reduce our combined carbon footprint.

Novuna Connect user guide

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How can using Novuna Connect benefit your business?

Eliminates the need for manual data collection
Providing debtor and creditor ledgers as well as your banking information used to mean manually emailing a ream of documents. With Novuna Connect, information is available automatically, saving you time and administration expenses.
Increased data reliability
Sharing data directly from your accountancy platform and Business Bank reduces the risk of human errors which may delay your facility approval.

Increased security
Novuna Connect is much safer than sharing key company data over unsecured email or via post.
You will be asked to login and connect your accountancy platform and Business Bank, allowing you to securely share the requested financial information required for the set-up and on-going monitoring of your facility.
We communicate directly with your accounts system provider over a secure API connection, eliminating the need to store sensitive personal information or passwords.

Novuna Connect FAQ's

How secure is my data? Back

Your data is held to the highest levels of data security, encrypted both at transit and at rest. Your data is protected to the standards required by the General Data Protection Regulation (GDPR).

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Can I ask for my data to be deleted? Back

Yes. Under GDPR regulations individuals have the right to have their data deleted, known as “the right to be forgotten”.

However for as long as you have a facility with Novuna Business Cash Flow you will need to supply relevant information.

You can revoke access in your accounting platform at any time but if you have concerns around the use of data, please contact your Relationship Manager.

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Which accountancy packages are supported? Back

Sage
Kashflow
Xero
MYOB
Microsoft
Access Dimensions

IRISExchequer
QuickBooks
ClearBooks
Pegasus
SAP Business One
TAS

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What if my accounting package isn’t supported? Back

If your accounting package is not listed that means unfortunately it is unsupported by Novuna at this time. However please let us know which accounts package you use and we will work with our software partners to see if we can connect with it in the future. In the meantime, please continue to send your data as normal by the current method.

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What happens if I have problems during the connection process? Back

If you experience any issues whilst trying to connect, please contact your Relationship Manager.

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I’m connected, what happens now? Back

Once your accounting package has successfully connected, we will be monitoring the functionality and data for the first few months. In this time, please continue business as usual and send your data as previously agreed.

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