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Users have found that Codat solves the business problem of building accounting integrations more easily and quickly compared to building …
Starting at $700 per month
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What is Codat?
Codat is a universal API for small business data that provides real-time connectivity to enable software providers and financial institutions to build integrated products for small business customers. The API provides two-way connectivity to over 30 different accounting, banking, and…
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starting at $700
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- No setup fee
For the latest information on pricing, visithttps://www.codat.io/us/plans
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- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Starting price (does not include set up fee)
- $700 per month
Product Details
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- Tech Details
What is Codat?
Codat provides real-time connectivity to enable software providers and financial institutions to build integrated products for their small business customers.
Its API infrastructure is leveraged by clients ranging from lenders to corporate card providers and business forecasting tools, with use cases including automatic reconciliation, business dashboarding, and loan decisioning.
Codat expedites and streamlines app registration and take care of the complexities of authorization, data mapping, synchronization, and ongoing maintenance.
Their integrations are standardized to a single data model, allowing clients to build to Codat once rather than having to sink their Engineering resources into building and maintaining each complex integration themselves.
Accounting API - Multiple platforms, one API
Accounting API - Multiple platforms, one API
Integrating with many different platforms that do the same thing does not scale. Codat brings the leading accounting platforms under a standard Accounting API, with one data model, one API key, and no rate limits.
Commerce API - Multiple commerce platforms, one API
Commerce API - Multiple commerce platforms, one API
Integrating with many different platforms does not scale. Codat brings the platforms customers use to do business under a single Commerce API, with one data model, one API key, and no rate limits.
Open Banking API - Pull real-time banking data
Open Banking API - Pull real-time banking data
See customers’ banking data as well as their accounting or commerce data, in one view. To drive conversion, Codat enables the user's business customers to connect their accounting, banking, and commerce platforms via a single user journey.
Sync for Commerce
Simplifies how commerce and payments providers integrate with accounting platforms. With it, merchants connect their accounting platform and configure their sync. And the user's platform sends sales and payments data to Sync for Commerce in real-time. Sync for Commerce automatically reconciles the user's platform with the connected merchant accounts.
Sync for Commerce
Simplifies how commerce and payments providers integrate with accounting platforms. With it, merchants connect their accounting platform and configure their sync. And the user's platform sends sales and payments data to Sync for Commerce in real-time. Sync for Commerce automatically reconciles the user's platform with the connected merchant accounts.
Codat Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
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TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
Users have found that Codat solves the business problem of building accounting integrations more easily and quickly compared to building direct integrations themselves with multiple platforms. By using Codat, users are able to connect seamlessly with accounting software like Xero, resulting in less work and improved support. The data feed provided by Codat has proven to be vital to users' proposition and a key strategic part of their future journey.
Another significant business problem solved by Codat is the ability for users to access a wide range of accountancy platforms, providing them with valuable data, insight dashboards, and fast delivery. This has allowed users to launch products with broad coverage by integrating just once with Codat, rather than individually integrating with multiple accounting tools. Furthermore, Codat enhances customer linkages and improves the overall customer experience by providing a variety of financial positions for decision-making.
In addition to these benefits, users have utilized Codat as a third-party system to integrate their clients' accounting systems into their own package, saving both time and effort. The automated underwriting process enabled by Codat has helped users reduce costs and improve monitoring. The convenience of having one integration to multiple accounting systems through the Codat API has significantly reduced third-party downtime and saved developer time.
Moreover, users have reported that Codat's automated feed to SME accounting systems reduces the time to funding while providing financiers with high-quality data for risk assessment. By using Codat for fast and simple data collection, users have eliminated hours of manual data collection and email exchanges. This has streamlined processes and improved efficiency for users in origination, underwriting, and monitoring.
Overall, Codat's ability to provide a comprehensive solution for integrating accounting systems has been highly advantageous for users. They have experienced improved customer onboarding, policy management experiences, as well as gained access to a wider market. The depth of data provided by Codat, along with standardized processes across providers and excellent support and service, has been greatly appreciated by users.