Integrated Receivables and Payables Solution for Small 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 small business accounts requires a focused strategy to deliver the solutions they need to more effectively, 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 with progressive small business strategies.
Jack Henry & Associates, Inc.® supports small businesses with fully integrated access to Autobooks, a certified 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 business to:
Manage their customers,
Electronically send invoices,
Automate the related accounting,
Support budgeting requirements, cash-flow forecasting, financial statement generation, and
It leverages entitlements to support multiple business accounts, employees, and bookkeepers; and encompasses a hosted merchant service solution for ACH, credit and debit cards, and lockbox.
Autobooks can be customized to support the unique near- and long-term requirements of diverse small businesses, and a seasoned marketing and engagement team helps financial institutions ensure the successful launch, adoption, and ongoing use of the solution.
This business solution can be deployed quickly and cost-effectively 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 small business relationships.
- Successfully attract lucrative new small business 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.