- FreeAgent Holdings, a provider of cloud-based software-as-a-service accounting software solutions, has signed a contract with the The Royal Bank of Scotland.

FreeAgent's IPO admission document stated that October 2016 saw the soft launch of a new commercial collaboration with a major UK bank under which small business customers of that institution which meet FreeAgent's core target market profile would be offered the branded FreeAgent SaaS solution as an additional part of their account on-boarding process.

It said that today's agreement formalises and extends that collaboration.

Since 19 October, RBS has piloted the use of FreeAgent's SaaS Solution with its NatWest and Royal Bank of Scotland customers.

This offering will enable RBS's business account customers to access FreeAgent's software, catering for all of their business finance requirements from timeslips to tax returns and quality after sales support.

Under the terms of the contract, the service is scheduled to be made available to RBS's small business account customers across 2017.

The service will be offered free to RBS's business bank account customers who agree to data sharing, with licences paid to FreeAgent directly by RBS.

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