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Monday, April 8, 2024

Zions Information

 

Managing cash flow is a major challenge for small business owners and according to Fundera, a staggering 82% of businesses that failed cited cash flow problems as a contributing factor.

 

That’s why Zions Bank recently teamed up with Autobooks to launch a new line of digital banking invoicing, payment acceptance, and accounting services that help bridge cash flow gaps. Autobooks is a

an accounting services platform used by over a thousand financial institutions and is growing quickly — in 2023, Autobooks was ranked on the Inc. 5000 with a 2,240% 3-year growth. 

 

I’ve included a press release attached and below with more details.

 

ZIONS BANK OFFERS SMALL BUSINESSES DIGITAL BANKING INVOICING, PAYMENT ACCEPTANCE AND ACCOUNTING SERVICES

 

MONTPELIER, Idaho; April 4, 2024 — Managing cash flow is a perennial challenge for small business owners. The biggest cause of cash flow issues, according to a study by the National Federation of Independent Business, is the timing difference between requesting and receiving payment. 

Expanding its support for small business owners, Zions Bank has launched a new line of digital banking invoicing, payment acceptance, and accounting services that help bridge cash flow gaps by making it easier for customers to make payments, resulting in businesses getting paid faster. This new suite of services is provided by Zions Bank and powered by Autobooks.

Small businesses can conveniently manage invoices and accept payments through these new services online, over the phone, or in person. Clients can easily categorize their expenses and efficiently manage their financial books.


The digital invoicing and payment acceptance capabilities enable small businesses to create, manage, and send branded invoices and to accept credit cards, debit cards, and ACH payments. Clients can also text payment links and generate QR codes for payment. Additionally, service providers can initially offer project estimates that can later be converted into invoices. All payments received are directly deposited into the small business’s checking account.


With the new accounting features, small business owners can create budgets, generate financial reports — including profit and loss and balance sheets — and categorize expenses.

 

“Our new small business digital banking invoicing, payment acceptance, and accounting solution is seamlessly integrated into our client’s digital banking account for a simplified business management experience,” says Catherine Arik, Eastern Idaho region president. “We’re empowering small business owners with these tools so that they can spend their time doing what matters most to them — growing their business.” 

 

For more information, visit zionsbank.com/getpaid and zionsbank.com/accounting 

 

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