Exact first ING bank link provider

Delft, April 2, 2014 - Exact Online is the first online accounting solution in the Netherlands to support a bank link with ING. Credits and debits will automatically be processed in the 'Mijn ING Zakelijk' banking accounts of business owners when the ING Bank link is enabled. Resulting in an up-to-date administration and enabling business owners to save a significant amount of time and effort as the manual input and output of bank statements is no longer required.

Marcel van de Sandt, Product Marketing Director with Exact: "A high demand for a bank link with ING was expressed during the innovation panels, which we regularly organize with business owners and accountants. The time-saving aspect offered by the link is important for them, just like the reduced risk of errors and the prevention of double entries. Moreover, collaboration between the business owner and accountant improves as the latter has a better, up-to-date insight into the financial transactions of his client. We are extremely proud to be the first software supplier to offer its customers a bank link with ING."

How does it work?

Aside from automatically processing bank details, it will be possible to send payment instructions from Exact Online to 'Mijn ING Zakelijk' later this year. Payments will then be added, to the payment queue and can be processed through the usual authorization process. As a result, both business owners and accountants always have a clear insight in the financial situation of the business. The ING Bank link is available for Exact Online users as of today. Following the positive test results with Exact, ING intends to set up bank links with other large providers of online accounting software later this year.

About Exact

Exact is a leading global supplier of business software. Since we began in 1984, our focus has shifted from supporting financial processes to providing a complete ERP offering for small and medium-sized businesses. Innovative solutions such as Exact Globe Next, Exact Synergy Enterprise and Exact Online support over 100,000 customers – local and international companies – in the daily management of their business.

Exact develops industry-specific on premise and cloud solutions for manufacturing, wholesale and distribution, professional services and accountancy. Exact is headquartered in Delft, the Netherlands, and has been listed on the NYSE Euronext Amsterdam since June 1999. The company booked revenue of € 213 million in 2013.



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