FORTIfi Financial Solutions Partners with Xero Online Money Management Programme
Recently, FORTIfi Financial Solutions partnered with Xero to make it even easier for homeowners to repay mortgages and manage debt by providing an online tool to track income and expenditure - the Xero online money management programme.
- (1888PressRelease) June 24, 2011 - Xero is a perfect fit with FORTIfi's M-Power Debt reduction product. M-Power is designed to help homeowners pay off their mortgages faster and manage debt better.
Partnering with Xero online money management programme has given M-Power the ability to help New Zealanders track income and expenses on a daily basis.
In the future, each of FORTIfi's M-Power clients will be given their own online Xero account. Bank statements can be uploaded daily into this Xero account. It is then possible, with the push of a button, to reconcile each purchase and categorise it according to the type of spending. (e.g. groceries, petrol, car insurance etc.).
Why is this important? Because, by tracking spending it's possible to compare different months' income and expenditure, or compare current spending to budget. That means users are able to see precisely where they are overspending and adjust finances accordingly - suddenly the goal of being debt free just got a lot easier.