Businesses today are very different from those of 30 years ago. Unique market challenges and opportunities are pushing SMEs to innovate and adapt on a daily basis. Businesses are evolving – and so is banking.
At Addition, we’re always on the look-out for digital tools that make running a business easier and more efficient. That’s why we’re proud to announce we’ve partnered with Starling Bank – an award-winning digital challenger on the business and current account scene.
So what makes Starling Bank special (aside from being our partner, of course)? We asked six small business owners to answer that question for us – and they didn’t disappoint!
The Starling Marketplace app makes it easy to create goals. We can set aside funds for paying to exhibit at marketplaces, paying interns/freelancers or for specific projects. Sparqa Legal is another great tool. It makes contracts for working with freelancers and interns easier. I also love that it’s a female-founded company!
The complete void of any support we received from our previous bank during the pandemic pushed us to move banks, but we really should have done it sooner.
No-one likes banking, but with Starling, everything just works – without any hassle or complications, or remembering 16 digit passwords and 6 random questions. I think we got used to continual issues with our previous bank and just put up with it. Moving our business banking from a high street to Starling Bank has been a breath of fresh air.
Spaces is one of the most brilliant features of Starling Bank. You can accrue money for paying services like accountants and other recurring expenses.
The fact that you can automate a specific amount every month to move into Spaces reduced admin work for small businesses like ours.
The fact that Starling offers options for sole traders and limited companies means they are a perfect choice for SMEs at any stage of maturity. Creating an account is also free, which is a huge bonus and there are no standard monthly fees eating away at your hard earned income.
Starling’s promise of a quick digital setup process was also extremely appealing under current conditions. I had no desire to visit a branch in-person – which is required by most other banks when setting up an account.
Integrations from Starling’s Marketplace have proven extremely useful. Being able to intertwine our existing technology into our banking solution is brilliant. This is an extremely simple process for software like accounting platforms.
Equally impressive is the ability to separate money into Spaces for things like corporate tax, VAT and everyday spending. This is a really good feature for managing cash flow and having a visual outlook on what’s going on with finances.
Starling Business takes the stress out of the financial side of my business. They are a bank which understands that a clunky outdated web platform doesn’t adhere to the needs of its customers.
The categorisation of spending is a huge bonus. I also use the business toolkit function and tax calculation factor – which are both great additions!
These are just some of the ways Starling Bank is leading the charge into the future of business banking – and why Addition is glad to be joining them. If you’re interested, why not get started with Starling today?
WANT SOME HELP WITH THAT?
Innovation is definitely a common interest driving our partnership. We’re not just your average accounting firm.
For us, it’s about helping SMEs act on insights, not hindsight. From our starter CORE plan at just £99 a month, to our CFO plan for when you’re ready to scale up, our financial services are full-suite – meaning they can grow alongside you.
Ready for more? Hop on a free call with John or Graham, and let’s think big about your business.