Scotiabank and Xero, the global small business platform are, together, making it easier for Canada's small business owners and their accounting and bookkeeping advisors to simplify their financial administration tasks. With Xero, Scotiabank's small business clients will be able to seamlessly access and integrate their business banking information with day-to-day operations, enabling cash flow visibility and reducing the time spent on manual, data import tasks. Using API-enabled technology - delivered through Scotia TranXact - Scotiabank will deliver financial data to Xero's accounting platform, simplifying the accounting process for business owners.

Together with Xero, Scotiabank will provide business clients: Simplified financial management to reduce manual data entry and application switching; Cash flow insights to support informed business decisions; Enhanced efficiency through reconciliation automation capabilities. Working together, Scotiabank and Xero provide business clients greater visibility and control of their financial information, while enabling business owners to spend more time running their businesses.