Codat’s single API helps Pipe accurately and seamlessly onboard, rate and monitor their customers by accessing standardised and real time accounting data

Pipe needed to be able to assess a business’s financial health in order to allow investors to make more informed decisions on their platform. Pipe understood that in today's digital world businesses have come to expect a fully automated digital experience and that manually sharing financial information is antiquated and prone to error.

Pipe required a data solution that would not interfere with their digital journey and was in-line with their brand’s privacy policies. Using unknown or unrecognisable third parties would appear unsafe to prospective business customers and could deter them from trusting Pipe with access to their financial data.

Pipe understood that building, monitoring and managing a full set of integrations with all the financial software platforms their customers use would be costly and take up valuable and constrained engineering resources.

By utilising real-time data from different accounting sources, Codat allows Pipe to build a full picture of their customers’ financial health securely, anonymizing their customers’ data, capturing risk profiles for investors, and ultimately allowing a new business customer to begin trading on their platform.

Using Codat, Pipe’s developers were able to create a consistent, streamlined user journey that is in keeping with their platform and what users have come to expect and trust.

Financial software platforms change their API framework or database structures frequently. Codat is focused on reviewing and managing these changes and monitors each integration package for updates. Codat provided Pipe with a single, fully maintained and managed API, allowing Pipe to focus on providing their business customers with all the functionality they required in a timely and cost effective manner.