Case StudyAccounting

How Keez used data aggregation to eliminate the bank statement chase with FinqData

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Contents

1. About Keez

Keez is an online accounting platform that leverages data aggregation to help entrepreneurs and companies manage their financial and accounting processes more efficiently through digitalization and automation.

With a team of more than 130 certified accounting experts and over 8,500 active clients, Keez serves businesses across Romania, with more than 70% of its customers operating in the IT and professional services sectors. Their promise is simple: entrepreneurs focus on growing their business while Keez handles accounting accurately and on time.

By integrating FinqData, Finqware’s Open Banking-powered bank data aggregation API, Keez took an important step toward eliminating the manual processes traditionally associated with bank statement collection and transaction reconciliation.

2. The Challenge

Before implementing FinqData, the process of collecting and importing bank statements required multiple manual steps from both entrepreneurs and accountants, highlighting the lack of automated data aggregation across banking sources. Every month, business owners had to log in to their online banking platforms, download account statements, and upload them to the Keez platform so that accountants could process them.

Key challenges included:

  • Treasury data was never fully up to date
  • Frequent and accurate reconciliations were difficult to perform
  • Bank statements had to be downloaded manually from online banking platforms
  • Files had to be uploaded manually into the accounting platform
  • Different banks provided statements in different formats
  • Delays occurred when clients forgot to send their bank statements

These manual workflows consumed valuable time for both accounting teams and clients, reducing operational efficiency and slowing month-end closing processes.

3. The Solution: FinqData

By integrating FinqData, a real-time multibanking API, Keez automated the import of bank statements directly from connected banks, eliminating file uploads and manual intervention altogether.

Through Open Banking connectivity, FinqData securely synchronizes transactions and provides access to standardized financial data updated daily via real-time bank data aggregation.

Users only need to connect their bank accounts once. After authorization, transaction data is automatically imported into Keez for up to six months without any additional action required.

In short, FinqData delivers:

Zero Stress
Entrepreneurs and accountants no longer have to deal with bank statement collection at month-end.
Greater visibility
Businesses can see outstanding invoices and available cash in real time.
Improved accuracy
Manual processing errors are significantly reduced.
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4. Implementation

The integration was completed via a single API, providing Keez with extensive banking connectivity and standardised Open Banking data aggregation flows.

The end-user journey is simple and intuitive:

1
The user selects their bank.
2
The user authorizes the connection through their banking application.
3
Transactions are automatically synchronized and updated daily.

The results are instant:

  • Automatic import of banking transactions.
  • Daily synchronization without bank statement files.
  • Standardized and structured transaction data via bank data aggregation.
  • Intelligent transaction categorization powered by financial data aggregation.
  • Automated transaction reconciliation.

By automating this workflow, Keez significantly reduced its dependence on manual processes and file exchanges between clients and accountants.

5. Results

Benefits for Keez end-users

Real-time visibility into collected payments.
Automatic bank statement imports for up to 6 months.
Simple and intuitive bank account connection process.
No more issues caused by different bank file formats.
No more manually downloading and uploading bank statements.

Benefits for Keez accountants

up to 100%

reduction in time spent requesting bank statements from clients.

up to 80%

faster reconciliation processes

up to 75%

reduction in manual processing errors

up to 50%

faster month-end closing

Daily automatic import of banking transactions.

Real-time visibility into clients’ financial activity

Automatic classification into dedicated accounting accounts.

6. Why Keez loves FinqData

Stelian Trandafir

Stelian Trandafir

CEO, Keez

“Nobody starts a business because they want to spend their time on administrative paperwork. The fear of making a mistake or missing an important document is very real.

By integrating FinqData, we completely removed the burden of bank statements from our clients’ to-do list. Everything happens automatically, securely, and in real time.

Our accounting experts always have up-to-date information, while entrepreneurs gain peace of mind knowing everything is handled correctly.”

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    CLIENT

    Keez

    SERVICES

    Online accounting platform

    OFFERING

    With a team of more than 130 certified accounting experts, Keez serves businesses across Romania and handles accounting accurately and on time.

    FINQWARE SERVICES

    API Integration

    Real-Time Bank Data Aggregation

    Multi-Bank Connectivity

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    3000+ businesses automate their financial operations with Finqware

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    Real-time multibanking is no longer a differentiator—it’s the standard for scalable, future-proof financial automation. It’s time to rethink how financial data flows through your platform.

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