Modulr, the payments as a service FinTech, has today announced the Alpha Launch of its Payments Dashboard and accountancy Pathfinder programme, as it gears up to revolutionise the way accountants and bookkeepers manage and make payments for their clients.

The new Payments Dashboard powered by Modulr will deliver greater control, visibility and access to payments capabilities for accountants through accounting and payroll platform connections, multi-step approvals, granular access control and workflow management. The Payments Dashboard forms part of Modulr’s commitments to delivering better banking and payments services to SMEs, funded by the £10m they were awarded from Pool C of the Capability and Innovation Fund (CIF) under the RBS Alternative Remedies Package. 

The Payments Dashboard has been built with accountants and for accountants, with a shared belief that too many accountants and bookkeepers, and in turn their SME clients, are held back by slow systems and manual processes. Modulr brings the best technology the fintech sector has to offer, via its intuitive API, as a digital alternative to traditional banking and payments software.

As part of the Alpha Launch, the launch of the Pathfinder programme has seen key thinkers and well known professionals in the accountancy space sign up to be a part of building the future of accountancy innovation. This includes Lucy Cohen, Co-founder of Mazuma Accountants, the leading online accountants for SMEs; Lisa Newton, Founder of Boogles Bookkeeping, the award winning bookkeeping service; Shane Lukas, Managing Director at AVN, leading accountancy coaching and training experts; and Stephen Paul, Chief Executive Officer at Valued, the leading technology based accountancy firm.

Lucy Cohen, Co-Founder at Mazuma accountants, says: “As someone who works with small and micro businesses, I can see how payments can be a real pain point, which is why I wanted to join Modulr’s new Pathfinder programme to help solve this issue.

“Having a dashboard that gives you greater control and visibility, will enable businesses to greatly improve their efficiencies and allow them to concentrate on the parts of the business that drive growth. And for any business, systems like this sit at the core of sustainable growth and control. Getting involved in the Pathfinder programme allows me to help be part of the solution to a universal problem.”

Tom Kelly, strategic accountancy, payroll and employment services lead at Modulr at Modulr, comments: “We see accountants as allies in our bid to drastically improve the financial technology available to SMEs and their accountants today. SMEs have been poorly served when it comes to how their accountants access and manage their financial information and complex payment workflows that keep them running as usual. The slow, manual processes - due to integrations with business banks - are lacking real-time insight and workflow sophistication to be both valuable and useful for their day-to-day needs. 

“Working with accountants across the industry, and software providers too, we’re building a product that will give businesses greater control, and their accountants proper and useful insights. All with the aim of driving better business performance and improved financial forecasting.”

To join Modulr’s new programme and become an accountancy pathfinder,

you can register your interest here (practitioners only): www.modulrfinance.com/accountancy-pathfinder