Xero, City National partnership integrates accounting, transaction data

City National BankAccounting software provider Xero and City National Bank announced on Wednesday a partnership aimed at improving small businesses’ financial management.

“City National has a long-standing commitment to serve the most innovative, cutting edge businesses, and make their finances easy to manage so they can focus on growing in creative ways,” James Daley, the executive vice president and manager of treasury services for City National Bank, said. “This partnership with Xero puts us in great position to offer our clients an industry leading online accounting software, fully integrated with our comprehensive data.”

Xero and City National customers will soon have a direct connection between their online accounting and bank data, providing reliable overnight delivery of the previous day’s bank transactions directly into Xero’s accounting and bookkeeping workflow.

“Managing bank reconciliations and tracking finances can be a daunting task for small business owners,” Xero U.S. President Jamie Sutherland said. “Xero is dedicated to bringing online banking and cloud accounting closer together to give small businesses the most accurate picture of their financial health. City National Bank is a great partner for us as we share a commitment to helping SMBs, and we are thrilled to offer the best integration of accurate bank data and accounting solutions.”

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