The Balance Sheet Transfer System enables auditing firms, tax accountants and chartered accountants to electronically transmit their clients’ annual accounts data (balance sheets, profit and loss statements and free attachments) to banks in a simple and safe way. The sender receives a standardised response which contains the result of the bank’s analysis including information on the credit rating of the respective client and partially industry benchmarks.
The functions of the electronic balance sheet transfer are integrated into all major accounting systems. OeKB guarantees that the transmission of data in this process is reliable and safe and that the data transmitted is inspected only by the banks specified by the sender. The electronic process based on a standardised XML format makes the data transmission simpler, safer and more transparent.