Autobooks Selected as Best of Show Winner at FinovateFall 2021 Conference
We’re proud to announce that Autobooks has been recognized as a Best of Show winner at FinovateFall 2021, a well-recognized industry conference that showcases cutting-edge banking and financial technology.
Steve Robert, CEO of Autobooks, co-presented on stage with TD Bank’s Head of Corporate Products, Jo K Jagadish. The pair touched on the history of the partnership, and emphasized the importance of better serving small business relationships by providing bank customers with the tools they need to manage their small business: cash flow monitoring, real-time account balance information, and an active feed of customer payment history.
Included in the presentation, facilitated by Autobooks VP of Marketing Derik Sutton, was a demonstration of several primary features available through the Autobooks integration, including invoicing, digital payment acceptance, accounting, and reporting. The team showed in real time just how easy it is for a user to create a professional invoice and share it with a customer, then receive a payment almost immediately (with instant payment mode enabled). They also pointed out that 92% of invoices sent through Autobooks are paid within five days.
Robert went on to explain that the way small businesses are now paid has been shifting away from cash and checks to online and in-app payments — a need that has only become more urgent with the pandemic. As a result, Autobooks has decided to make their receivables tools available as stand-alone features. Now FIs can easily integrate this much-needed payment functionality directly into the main dashboards of their online and mobile banking platforms, allowing users to easily send an invoice or accept a customer payment without having to subscribe to the complete solution.
Jagadish also announced TD Bank’s new small business checking powered by Autobooks — a reimagined account designed for today’s small business owners that will launch in early October. The versatile account will make invoicing and payment acceptance standard features, without the need to pay additional monthly fees. A business owner will be able to enroll in minutes and start accepting card and ACH payment from their customers in a variety of ways — such as through an invoice that is paid online, a secure payment form shared through a text message, or through a buy/pay now link embedded into a website.