First Bank Launches Autobooks to Enhance Small Business Banking Capabilities

By AIT News Desk On Jul 8, 2020

New banking features allow businesses to g******* at a distance, maintain cash flow, and keep local economies strong

Autobooks, the Detroit-based small business payment and accounting platform, announced that Missouri-based First Bank has integrated the platform into their digital banking experience. Known for its intuitive user experience and useful digital tools, the Autobooks suite is designed with the small banking customer in mind and provides essential tools to maintain cash flow.

Autobooks will be an integral part of First Bank’s digital transformation strategy. The bank is strengthening its business banking platform with a full suite of digital capabilities that upgrade the small business banking experience, while helping those clients improve their own customer services. Customers will be able to “g******* at a distance” and monitor cash flow in real-time. This is especially important as more consumers expect to transact online versus in person.

“First Bank has a 100-year family history of ownership. We understand the culture of family-owned businesses and are in a unique position to help other businesses in our community,” says Jon Moen, Director of Product at First Bank. “Partnering with Autobooks reinforces our commitment to becoming trusted advisors for our small business customers, especially during times like these.”

Prior to onboarding Autobooks, the bank would recommend popular accounting software to clients, but it was often difficult to download transactions and reconcile financial information. Autobooks provides accounting, invoicing and payment capabilities integrated into the digital banking platform for seamless user experience. The solution will enable small businesses to conduct their financial activities in one place.

“Small businesses who bank with First Bank can enroll and receive online payments in minutes, saving hours each month through our automated payment reconciliation and accounting functionality,” says Steve Robert, Co-Founder and CEO of Autobooks. “First Bank’s continued investments demonstrate their commitment to providing the tools small businesses need for future growth and success.”