Integrated Receivables and Payables Solution for Businesses
Business accounts represent an extremely important market and opportunity for growth-focused financial institutions. But in today’s highly competitive financial services industry, the ability to attract, serve, and retain lucrative business accounts requires a fine-tuned strategy. Institutions must deliver the solutions businesses need to more effectively and efficiently, and accurately manage their finances.
Offering an integrated receivables and payments solution, delivered with the convenience and accessibility of a mobile and online service, is becoming a competitive necessity for financial institutions pursuing progressive commercial strategies.
Through a strategic alliance, iPay Solutions™ supports businesses with fully integrated access to Autobooks, a production-proven business-banking solution. Autobooks positions a financial institution as an all-in-one destination with self-service payment and accounting management tools that enable small businesses to manage their customers, electronically send invoices, collect payments, pay bills, and automate the related accounting. Autobooks also supports budgeting requirements, cash-flow forecasting, financial statement generation, and automated reconciliation. It leverages entitlements to support multiple business accounts, employees, and bookkeepers; and encompasses a hosted merchant service solution for ACH, credit card, prepaid, and lockbox.
Autobooks can be customized to support the unique near- and long-term requirements of diverse businesses, and a seasoned marketing and engagement team is available to help financial institutions ensure the successful launch, adoption, and ongoing use of the solution.
This business management solution can be deployed quickly and cost-effectively, and can be integrated into existing internet banking platforms with the convenience of single sign-on. It also provides a modern digital experience and a responsive mobile-optimized HTML 5 interface.
Autobooks enables financial institutions to:
- Nurture, grow, and retain existing business relationships.
- Successfully attract lucrative new commercial relationships.
- Aggressively and successfully compete with traditional competitors, the new generation of fintech companies, and non-traditional competitors like PayPal, Square, and QuickBooks.
- Optimize near- and long-term digital opportunities.
- Increase non-interest income.
- Increase deposits.
- Identify business lending opportunities.
Autobooks is seamlessly integrated with Jack Henry & Associates’ core systems (SilverLake System®, CIF 20/20®, Core Director® and Episys®), NetTeller® Online Banking™, Enterprise Payment Solutions™ (EPS), and iPay Solutions™.