CashEdge's TransferNow® for Small Businesses allows small businesses to improve their cash flow management by enabling the ability to electronically send payments; invoice and collect payments; and move money across accounts. These solutions include: Small Business Employee Payments, Small Business Vendor Payments, Small Business Invoicing and Payments and Small Business Me-to-Me Transfers. With these solutions, financial institutions are able to offer their customers a complete and compelling offering for online accounts payable and receivable management that will generate additional revenue streams, as well as help to create lasting relationships with both existing and prospective small business customers.
All of these solutions are designed to deliver a convenient and flexible user experience. Features, such as customizable invoice scheduling and payment options, next day payments, and real time tracking of payments, enable small businesses to easily and cost-effectively improve their cash management processes. Additionally, all of CashEdge's Small Business solutions are supported by the Company's proven and industry-leading risk management capabilities and customer support and analytics tools.
"60% of small businesses bank online and 72% will do so by 2010." - Aite Group, 2007