Railz is excited to announce its partnership with Citadel!
Thanks to our exciting partnership with Citadel, our users can now get real-time accounting data and access payroll data through Citadel’s network of payroll and HRIS accounts.
With this partnership, Fintechs (FTs) and Financial Institutions (FIs) can seamlessly access their SMB customer’s accounting and payroll data. With these data sets, FTs and FIs can provide their SMB customers with a frictionless customer experience and personalized products & services.
Railz is the only Data as a Service platform that connects, normalizes and analyzes financial data from accounting service providers. Railz makes financing decisions faster, better and easier for FTs and FIs.
Citadel is a platform for connecting to over 100M payroll accounts via a single API. Citadel makes it easy for consumers to verify employment and income, switch direct deposit or connect HR admin accounts to an app.
Who can use Accounting and Payroll Data?
Lenders for underwriting
SMB financing and insurance platforms can leverage headcount and payroll expense data to reduce fraud in loan approvals. Accounting data can supplement this by providing cash flow statements and P/L performance to further enhance underwriting.
FP&A service providers
With accounting data, FP&A’s can unlock rich insights on the feasibility of their client’s business model. FP&A experts can also pull department and compensation data from real-time Payroll data and slot them into P/L categories. With the combination of accounting and payroll data, FP&A can holistically assess financial models.
R&D tax credit companies
Tax credit companies help their SMB clients explore their options in state and federal tax credits. To do so, they require their client’s accounting and payroll data to determine the appropriate tax credit program their clients qualify for. With accounting and payroll APIs, these Tax credit companies can get instant access to their client's accounting and payroll data.
The Railz Advantage
- Only Accounting API that normalizes data
- A single connection to all major accounting service providers
- Easy and quick setup via our developer-friendly API
The Citadel Advantage
- The largest portfolio of payroll and HR systems
- User permission is required to securely access data
- Get access to payroll data in under 15 seconds
We look forward to providing our users with real-time accounting data and access to payroll data through Citadel’s network of payroll and HRIS accounts. Get in touch to request a demo.
Samantha Lloyd is the Director of Marketing at Railz. We're building the largest financial data network to support the future of finance. She has a decade of experience building organic growth, brand, and digital marketing for startups and technology companies. In her free time, you can find Sam SCUBA diving, snorkelling, paddle boarding, and jet skiing.