Digital pension provider, Penfold, has unveiled a new pull integration with Xero, the cloud-based accounting software, in a move to automate pension contribution processing entirely.
Through the new Xero integration, Penfold is aiming to completely eliminate the need for manual uploads or button presses, enabling employers and accountants to ‘set and forget’ their pension processing.
This integration significantly reduces the administrative burden on accountants, payroll professionals and employers. Ultimately, it hopes to save businesses valuable time and resources, and is also included with Penfold’s modern workplace pension that’s free for payroll professionals, accountants and employers.
Chris Eastwood, co-founder and CEO of Penfold
“We’re excited to offer a solution that completely removes the manual effort from pension contributions,” explained Chris Eastwood, co-founder and CEO of Penfold. “Our pull integration with Xero is a testament to our commitment to simplifying pensions and providing a seamless experience for our users. The fact that we’ve developed this integration in just a couple of months speaks volumes about our team’s dedication and agility.”
For businesses connected to Xero and Penfold, all contributions are processed automatically every time payroll is run or re-run in Xero. There’s no need for users to do anything – businesses can use Xero as usual, with Penfold pledging to take care of the entire process.
The Penfold mission remains to simplify pensions, making saving accessible and engaging for everyone. With the new Xero integration, Penfold also continues to modernise the pensions industry, ensuring a hassle-free experience for payroll professionals, employers and savers alike.
Penfold is also set to introduce more features in the near future, including additional integrations that will further enhance the ease and efficiency of pension management for clients.
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