Oracle's NetSuite adds banking features to its software; HSBC is first partner

FILE PHOTO: The Oracle logo is seen on its campus in Redwood City, California June 15, 2015. REUTERS/Robert Galbraith

(Reuters) - Oracle Corp's NetSuite on Tuesday said it will put automated banking features into its accounting software for businesses, with HSBC Holdings Plc as its first partner to automatically send and receive money and reconcile accounts.

Oracle NetSuite sells cloud-based software to mid-sized businesses to track their financials. But many core functions, like wiring money to pay a bill or reconciling billing records with bank statements to see how much cash is available for use at any given time, still requires humans to push buttons and key in data.