Great way to streamline and optimize your SaaS spend is to integrate into every spend source you have, including your bank accounts. Fair to say, credit card is the most used payment method when it comes to SaaS subscriptions, thus integrating with a bank account gives you instant information on SaaS purchases before it even lands in your financial system.
Viio uses AiiA, an account information service provider, to integrate to any Nordic bank to read (and only read) account and account entries, adding this perspective to the spend analysis.
First, we collect the data from your bank account by sending data requests to your bank using AiiA.
Secondly, we map the data. Once we get all account transactions, we map them using our AI algorithm, making sure we capture only relevant entries and map them against SaaS vendors.
Last, but not least, we analyze the data. After mapping SaaS Spend with relevant Vendors, we uncover spend that can be associated with shadow IT or other anomalies spotted when comparing financial entries from various sources.
If you want to learn more about the way we collect your data for read only purposes, visit AiiA docs collection for additional information.
Access Rights
In order for us to get access to your bank accounts, you will need to complete several authorization steps within Viio App:
Give your consent to allow Viio retrieve your bank accounts data
Select a bank provider you wish to use
Login into your bank account using available login methods
Select bank accounts you would like to share the information on with Viio
Provide your email that will be associated with AiiA account
More information can be found here.