IMP Software and Yapily bring Open Banking-driven reconciliation to the education sector

Source: Yapily

Yapily, Europe’s leading Open Banking infrastructure platform, has announced its partnership with IMP Software, provider of the unified financial management and budgeting platform purpose-built for multi-academy trusts and the wider education sector.

The integration brings Yapily’s Open Banking infrastructure directly into IMP Finance, IMP Software’s core finance module, enabling finance teams to connect securely to their bank accounts, access live transaction data, and automate reconciliation workflows without leaving the system.

Finance teams in the education sector face a well-documented operational burden: reconciling bank activity typically requires manual statement downloads, file imports, and time-intensive transaction matching. For organisations managing public funds and operating under strict governance requirements, this process creates both operational drag and unnecessary risk.

The Yapily-IMP Finance integration addresses this directly. Through a consent-based authorisation flow, IMP Finance users can securely link their bank accounts and pull live transaction feeds on demand. Settled transactions can now be matched against existing financial documents, turning what was previously a multi-step manual process into a single, connected workflow.

The integration is built on Yapily’s API layer, meeting the sector’s security and compliance expectations and eliminating the need for credential sharing or file handling.

Will Jordan, co-founder and chief executive officer of IMP Software, said: “What Yapily has built makes it possible for us to do something MAT finance teams have been asking for for years: connect directly to the bank and reconcile against live transaction data without ever leaving the platform.

“It removes one of the most persistent workarounds in MAT finance, and replaces it with something secure, automated, and built for the way trusts actually work.”

Payment initiation capabilities are on the horizon; IMP Software and Yapily are laying the groundwork to further streamline how education finance teams manage, reconcile, and act on their financial data in real time.

Further reading: Yapily partners with Making Tax Digital platform to help sole traders and landlords