Xero, a cloud accounting platform, is collaborating with HSBC to enable small businesses in Hong Kong and Singapore to connect their bank accounts with Xero.

The technology driving this integration enables small businesses to have their bank transactions appear automatically in the Xero online ledger every day through a secure connection. This eliminates the need for manual keying or the importing of bank transactions, and allows small businesses to manage cash flow from within Xero.

“By automating the flow of financial information, entrepreneurs, startups, and the bankers, accountants and bookkeepers who work alongside them, can improve daily productivity while benefiting from real-time information to help them make better business decisions,” says Rod Drury, CEO and founder of Xero.