The FERA digital platform adds LUXHUB-powered Open Banking modules

We, at LUXHUB, are happy to announce that CSoftware is now efficiently leveraging several of our Open Banking-powered Account Information and Payment Initiation Services (AIS and PIS).  In its continuous process of supporting clients in their digitization, the software company, especially through its FERA digital platform, is therefore offering financial data aggregation and payment modules to its customers.

What is FERA?

One of CSoftware’s main products, FERA – which stands for Functional Efficient Real-time Application – consists of a Digital Platform, and its set of solutions with an integrated tool for business management.

It is destined to support the growth and development of SMEs (Small & Medium Enterprises), craftsmen, independent workers, and more. Moreover, CSoftware is a “Fit4Digital” Luxinnovation-certified company, and the FERA experts can therefore efficiently support clients with the implementation of SME Packages.

FERA is already supporting them with many functionalities, notably including:

• Business Management,
• Invoicing and e-Invoicing (PEPPOL),
• Expenses Management,
• Folders and tasks with automated workflows,
• Documents and Project Management,
• CRM,
• Timesheets, and more.

FERA’s ambition is on the one hand to enable the efficient digital transformation of its customers, and on the other hand to offer a proven business management tool with a 360-degree view on time. With its unique set of functionalities, FERA provides a complete platform and a frictionless experience, suitable for all industries and available on the web, Smartphone or Tablet.

FERA x Open Banking: an extended offer with AIS & PIS modules

The addition of the LUXHUB-powered AIS & PIS modules strengthens FERA’s value proposition, adding useful banking account information and smooth payment initiation services that will benefit end-customers.

Victor Cunha, CEO of CSoftware, highlights: “by providing our clients with these new features, we are enabling them to save time on the one hand and consolidate their financial data on the other, giving them a more accurate and real-time view of the health of their business. It notably drastically facilitates the fastidious processes, while adding more flexibility to daily operations”.

The software company is therefore entering the Open Banking era, and gives more flexible, secure as well as user-friendly solutions to its customers. As explained by the CEO, it matches CSoftware’s overall vision and ambition of building an easy-to-use tool destined to entrepreneurs to efficiently drive their business.

Through those two additional modules, we are providing our customers with a powerful software and a consolidated view of their processes and operations

Victor Cunha, CEO @ CSoftware

FERA becomes the first business-enabling digital platform to leverage our Account Information and Payment Initiation services. Nuno Francisco, Product Owner and Business Manager, adds: “By adding innovative services such as the ones provided by LUXHUB, we are continuously working on improving the overall value of FERA, always trying to understand how we can efficiently support our clients.”

Open Banking-powered & added-value services

By leveraging our Account Information Services license, the customers of FERA can directly retrieve their bank account information (account details, balance, transactions) assuming they have full access to the account and that the latter is with one of the banks connected to LUXHUB’s ONE platform.

Moreover, we, through our additional PIS license, enable the users of FERA to initiate payments via any of the banks connected to the ONE platform, with a simple integration.

Eventually, the combination of account aggregation and payment initiation services provides customers with frictionless experiences, supporting SMEs and any other type of customers, to facilitate their business management

Ramzi Dziri, Head of Product @ LUXHUB

“We are proud to make our AIS and PIS solutions available within the efficient FERA platform. This partnership enables the deployment of innovative solutions for the benefit of the FERA customers: they are now able to take full advantage of the numerous Open Banking opportunities and advantages that revolve around security, ease of use and flexibility,” then adds Sandrine Sertelet, Sales Manager, LUXHUB.