The Institute of Public Accountants (IPA) has announced a partnership with Receipt Bank to provide an electronic transaction solution for its members and their clients.

Receipt Bank offers a quick and easy way for clients to send their transaction data directly to their accountant’s operating system with no paper and no data entry required.

“Accountants are often time-poor and innovations such a Receipt Bank that help improve efficiency and save time will provide significant benefit to our members,” said IPA chief executive officer, Andrew Conway.

“Gone are the days of a client walking into their accountant’s office with a shoebox full of receipts; the sifting through and manual handling days are over.

“We are urging our members to embrace new technologies at all levels and this is another example where I would encourage our members to jump on board,” said Mr Conway.

Speaking on behalf of Receipt Bank, Vicky Skipp, VP of Sales APAC said it was thrilled to form a partnership with the IPA.

“The role that IPA members play in their clients’ businesses has never been more important. We’re excited to combine our best-in-class technology with their expertise to help them offer a more effective, efficient and valuable service.”

“Moving to a paperless business model removes the significant burden of storing and organising receipts and invoices for clients. IPA members will now be able to focus more on providing the advisory services their clients need instead of spending time collecting and processing documents,” said Vicky.