Quite simply this is a game-changer
I run everything now from Xero. Wow!
Bank on Xero with CreDec
CreDec allows businesses to share the set-up and scheduling of their payments with designated users – while restricting the ability to authorise those actual payments.
Delivering a wide range of benefits:
Uses existing bank account
No new account needed: funds sit in the business bank account or are paid – CreDec doesn’t hold any credit balances
Instruct payments from Xero
Pending payment transactions are scheduled and appear in CreDec automatically for approval and funding by signatories
Internet banking, but better
Signatories use existing bank Personalised Security Credentials, at CreDec, to authorise funding from their bank account
Automated processes
Automatic controls, notifications and alerts for seamless working between accountants, bookkeepers and clients
Enhanced security
Clear user roles mean only authorised bank signatories can release funds for pre-approved pending payments
Improve cash flow
Centralising and automating all payments activity on a single business bank account supports better cash flow
Debits & credits
Works for all payments from and into your bank account from customers for immediate reconciliation
Collaborative working
Effortless collaboration between accountants, bookkeepers and clients, for all SME accounting, and payroll applications
Full audit trail
Full transparency, end to end audit trail continuously available of all user activity
Operate your business bank account in Xero
Transform the way you work in Xero with CreDec
CreDec allows businesses to share the set-up and scheduling of their payments with designated users – while restricting the ability to authorise those actual payments – delivering a wide range of benefits:
Now you can:
Xero bank reconciliation in real time
Batch or single payments
No bank set up or costs
Dynamic flexible approvals
Operate any payment cycle as required
No bank transaction charges
Faster Payments or BACS
No second payment account
What is Xero?
Xero is a cloud accounting solution which lets you work wherever, whenever: just log in with your tablet, PC or Mac.
Xero is designed for small businesses and their trusted advisors, helping you to work together.
Automatically import bank statements to see your cash-flow in real time, manage invoices and access reporting – all from within Xero.
How do I connect CreDec and Xero?
Simply follow a few easy steps then use CreDec just like a bank account in Xero with automated reconciliation – instruct payments and use CreDec sign off features to make secure, streamlined payments.
About Xero
Xero is world-leading online accounting software built for small business.
- Get a real-time view of your cashflow. Log in anytime, anywhere on your Mac, PC, tablet or phone to get a real-time view of your cash flow. It’s small business accounting software that’s simple, smart and occasionally magical.
- Run your business on the go. Use our mobile app to reconcile, send invoices, or create expense claims – from anywhere.
- Get paid faster with online invoicing. Send online invoices to your customers – and get updated when they’re opened.
- Reconcile in seconds. Xero imports and categorises your latest bank transactions. Just click ok to reconcile.
Xero Partner?
If you are a Xero accountant or bookkeeper and would like to offer your clients the benefits of secure payments, please see our Partners page.
Integrates with Xero
Find out more or try
Xero Accounting Software for free
Operate your business bank account in Xero
Xero Pricing
A simple access fee and transaction charges for each business customer. Getting started doesn’t need the business’s bank to do anything – there is no set up charge. Transaction pricing is volume based and fixed by payment plan.
Access Charge
£10pm
Per customer
- Unlimited virtual accounts
- No customer minimum term
- No minimum number transactions
+
Transactions
30p
FPS per transaction
and/or
25p
BACS per transaction
Professional Payment Plan pricing
Accountants & Bookkeepers
CreDec secure payment solutions are designed for accountants and bookkeepers, making it easy for you to collaborate effectively with your clients.
Xero Partners can now:
Access beneficial service plan rates
Automated client notifications
Realise new revenue streams
Integrates with all practice software
Maximise your business capacity
Achieve significant efficiencies
Promote your own brand
Accounts payable and receivable
