Business owners can now manage their finances and daily operations in one place with Brutto, a new business-management platform for small and medium-sized enterprises.
The platform simplifies business administration by connecting bank accounts, payment cards and payments with receipts, invoices and accounting systems.
Software company Reon developed Brutto in collaboration with Landsbankinn. Through Landsbankinn’s Marketplace and access to the Bank’s APIs, Reon can make banking services available directly in Brutto without having to develop the entire underlying infrastructure from scratch. This forms part of Landsbankinn’s open banking platform, which enables companies to build new solutions on the Bank’s services.
Brutto enables users to apply for a Landsbankinn bank account and payment card, as well as connect accounts held with other banks. Users can also prepare standard contracts, add their own contracts and sign them electronically through Taktikal.
“Since its establishment, Landsbankinn has supported Icelandic businesses and we are constantly seeking new ways to make it easier for companies to grow and thrive. Through our collaboration with Reon, we connect banking services with Brutto and bring them closer to companies’ daily operations. Business owners have a great deal to manage and effective solutions such as Brutto can make life easier and give them more time to focus on running their businesses,” says Lilja Björk Einarsdóttir, CEO of Landsbankinn.
Start up and go, all in the same place
Soon it will also be possible to establish a company through Brutto. New business owners will then be able to incorporate a company, apply for a Landsbankinn account and card, and begin operating their business - all in one place. Work is also underway on a solution to simplify the administration and reimbursement of employees’ out-of-pocket expenses.
Photo: Top row, from left: Sigurður R. Arnbjörsson, Lilja Björk Einarsdóttir, Díana Dögg Víglundsdóttir, Þorsteinn Stefánsson, Sandra Matthíasdóttir. Bottom row, from left: Elvar Örn Þormar, Viktor Hugi Júlíusson, Vladimir Kuvshinov, Andri Rafn Ágústsson.
