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The Association of Accounting Technicians (AAT) has announced a new partnership with funding platform Swoop to help accountants and bookkeepers support small business clients with funding and cash flow decisions.
It comes as new analysis from the funding platform shows that businesses supported by an advisor are 2.62 times more likely to secure funding than those applying alone. Data highlights the role of advisors in identifying cash flow pressure before it becomes critical, reducing the need for urgent finance.
AAT licensed members will receive access to the platform, tools, and data insights to identify potential funding needs. The partnership also includes a 20% discount on the service for members.
Businesses introduced by accountants typically engage earlier in the process and provide clearer information. The partnership will go live this March, and includes a programme of accredited webinars and research reports.
Chantel Carpenter, commercial director at the AAT, said: “Small business owners often pick up the phone first to their accountant or bookkeeper when cash flow tightens or they’re thinking about growing.
“Through this partnership with Swoop, we’re giving our licensed members practical, straightforward tools to build on the brilliant work they already do, helping clients get the results they need with clarity and less pressure.”
Andrea Reynolds, chief executive of Swoop, added: “Our data shows that professional advice makes a real difference to funding outcomes. Working with AAT allows us to support accountants and bookkeepers as an extension of their advisory role, acting as an outsourced funding back office for their clients.”
