Intacct and National Bank of California to Offer First
SAN JOSE, Calif. and LOS ANGELES, November 20, 2006 — Intacct Corporation, the leader in on-demand financial applications, and National Bank of California today introduced the first integrated on-demand financial management and banking services for small and midsize businesses. The Web-based solution enables mid-market companies to automatically exchange information between Intacct’s accounting and supply chain software suite and National Bank of California’s electronic banking services. The new service is immediately available.
Integrating business processes for managing payables and receivables with banking services allows businesses to eliminate time-consuming administrative duties, enhance cash flow and gain real-time insight into their finances.
Companies can use the integrated solution to electronically deposit checks, which the National Bank of California processes the same day. The minute the check is cleared, the funds are also recorded in Intacct, which helps customers optimize cash flow and minimize clerical tasks.
“Customers want solutions that allow them to focus on their core business and reduce redundant administrative processes that ultimately waste time,” said Barry Uzel, CEO and president of National Bank of California. “Integrated accounting and banking services significantly reduce the time required to manage critical business processes, which is an immediate improvement in payables and receivables management for the customer.”
By integrating accounting and banking services, businesses can automate numerous cash management functions, such as the transfer of electronic payments, check payments, electronic collections and receivables reporting. The business solution can also be extended to National Bank of California’s many product offerings, including Virtual Deposit Services, which let customers scan images of checks and send them to the bank via a secure Internet connection.
“The new solution we are jointly taking to market addresses customer needs by automating the process of exchanging accounting and banking information, thus helping our mutual customers reduce administrative costs and manage cash more wisely,” said Robert J. Jurkowski, CEO and president of Intacct. “Through our strategic relationship with National Bank of California, we are able to help Intacct customers realize additional value from their on-demand financial application investments.”
Originally Syndicated via RSS from Blog
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