HSBC Collaborates with Ember to Offer Financial Insights for Small Business Owners

HSBC UK and Ember have joined forces to revolutionize financial management for small businesses with the launch of a new insights tool called My Business Finances. This innovative tool aims to alleviate the burden of accounting tasks for business owners, allowing them to redirect their time and energy towards core business activities.

My Business Finances integrates Ember’s user-friendly accounting and tax software into HSBC UK’s online banking platform, providing real-time profit and loss, self-assessment tax, and available dividends reports. This integration enables business owners to make informed decisions quickly and efficiently.

Moreover, My Business Finances automatically categorizes spending by tax code, generates invoices, and offers greater visibility and control over finances. Tom Wood, Head of Global Payments Solutions at HSBC UK, expressed excitement about the partnership with Ember, highlighting the tool’s ability to automate accounting tasks and streamline financial management processes for small businesses.

With HMRC’s Making Tax Digital initiative looming, businesses will soon be required to keep digital records and submit quarterly reports starting in 2026. My Business Finances is poised to support businesses through this transition by digitizing accounts and providing timely reminders for important tax deadlines.

Dan Hogan, Co-Founder and Co-CEO at Ember, emphasized the significance of this collaboration in simplifying financial management complexities for business owners. Through My Business Finances, both HSBC UK and Ember aim to empower business growth by offering a seamlessly integrated financial tool that maximizes efficiency and productivity.

The launch of My Business Finances represents a step towards a future where smart financial tools fuel business growth and success while simplifying the financial management process for small businesses.