Codat

What Codat is

Codat gives commercial banks access to business financial data and tools for turning it into insights for client relationships, growth opportunities, and decisions. Its advisory intelligence solution is designed for modern commercial banking. Spend Insights helps commercial card teams identify supplier and client opportunities from spending activity. Working Capital Insights brings payment timing patterns, days payable outstanding trends, and other financial needs into view across a portfolio.

Codat provides standardized connections to accounting, banking, and commerce platforms through APIs, webhooks, and SDKs. Its APIs can read and write data for two-way accounting synchronization. Supported data includes bank transactions and account balances, refreshed in real time; connections can use OAuth authorization, an embedded authorization flow, or an API. Accounting integrations include QuickBooks Online, Xero, Sage, NetSuite, FreshBooks, MYOB, and Zoho Books. Commerce integrations include Amazon Seller Central, BigCommerce, Clover, Shopify, Square, Stripe, WooCommerce, and Zettle. Codat was founded in 2017 and has headquarters in New York and London. Its products run on Microsoft Azure’s Platform as a Service offering. Codat says it conducts annual SOC 2 Type II and ISO 27001 audits, encrypts stored data with AES-256 and data in transit with TLS 1.2, and performs annual penetration testing.

Who it suits

Codat suits commercial banks seeking business financial data and portfolio-level insights for client relationships and growth. Its accounting and commerce connections may also suit teams building financial products that need standardized platform integrations and two-way accounting data sync.

Limits

Codat provides custom quotes based on customer needs, integration requirements, and expected volume; no fixed plan limit is stated.

Getting started

1. Visit https://codat.io/.
2. Contact Codat’s team to request a custom quote based on needs, integration requirements, and expected volume.
3. Choose a supported connection method: OAuth authorization, embedded authorization flow, or API.
4. Connect the accounting, banking, or commerce platforms needed for the product.

Verdict

Choose Codat if a commercial bank needs portfolio insights alongside standardized connections to accounting, banking, and commerce platforms. Teams should look elsewhere if they need a published price rather than a quote tailored to needs, integrations, and expected volume.