Autobooks digital billing feature now available for TD Business Simple Chequing Accounts
TD Bank (NYSE: TD) reveals she has expanded her working relationship with Automatic books in order to add billing as a feature to its TD Simple Business Verification, which should make it easier for small and micro businesses to process invoices and âget paid fasterâ.
Through this partnership, TD Bank becomes one of the first major financial institutions to offer this type of tool and make it a âstandard partâ of the digital banking experience.
âProbably the biggest problem for small businesses is getting paid for the services they provide,â said Jo jagadish, Head of Corporate Products and Services at TD Bank.
âThe new tool will make things easier, faster and allow our small business customers to get paid, almost immediately in most cases, whereas the process could previously take up to a week or more.
Digital invoicing and payment acceptance capabilities were “developed by Autobooks,” the announcement notes, while adding that TD Bank and Autobooks had previously “worked together to develop TD Online Accounting, a comprehensive accounting and management suite. of cash flow made available to TD’s small businesses. “
As stated in the release, this most recent effort “makes digital invoicing and online payment acceptance standard features of TD Business Simple Checking.” Small and micro businesses can now “accept credit card and electronic payments that settle directly to their TD account, improving their cash flow and liquidity.”
“Small businesses make up 99.7% of all businesses in the country and they all need banking and payment services designed for them,” noted Steve robert, CEO of Autobooks.
Robert also mentioned:
âWe’re excited to work with TD to reinvent the banking experience for their customers’ small businesses, starting with allowing small and micro businesses to be paid directly into their TD Business Simple Check account.
As noted in the release, TD Bank is one of the 10 largest banks in the United States, providing more than 9.5 million customers with a full range of personal, small business and business banking products and services. âIn more than 1,220 convenient locations in the North East. , Mid-Atlantic, Metro DC, the Carolinas and Florida.