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Instant Accounting is an online instant accounting solution that automatically generates financial statements and reports, including income statements, balance sheets and VAT reports, using your electronic FNB bank statements. This means that your books are always up to date and you can check up on your financials and the performance of your business at anytime, anywhere via the Internet.
Banks currently face a number of challenges in regards to the ongoing monitoring of business’ performance once the bank has granted a loan to a business. BankFiling enables the banks to collect up-to-date and accurate financial information from their business customers in an electronic format using a self-service technology. This information is stored centrally for access from multiple bank users enabling better credit management at reduced costs.