Radius Bank Adds Autobooks to Its Business Online & Mobile Banking Platform
Micro and small businesses now enjoy a fully-integrated payments and accounting platform
BOSTON – July 23, 2019
Radius Bank, an industry-leading virtual bank, today announced the addition of Autobooks’ integrated suite of digital services, including receivables, payables, and accounting, into a single platform within its business online and mobile banking platform. Autobooks provides valuable back-office services to help businesses increase cash flow and monitor money movement in real-time. This new functionality provides Radius business clients with a one-stop shop to manage their operating account and financials.
“Offering a solution to our clients that allows them to stay organized and focused on growing their business is of the utmost importance to us,” said Radius Bank’s Vice President of Business Banking and Partnerships, Rachel Bourne. “Our clients have been seeking a simple, intuitive solution for account management, monitoring and funds collection, without needing an accounting team. We are excited that this partnership with Autobooks delivers them just that.”
Radius is known for its commitment to partnering with fintechs to deliver an enhanced digital banking experience, from account opening to account management. Integrating with innovative partners such as Autobooks is a prime example of the Bank’s commitment to continuously enhance its best-in-class online banking experience. Small and medium-sized businesses are the backbone of the U.S. economy, and Radius strives to empower them with the tools necessary for growth.
Autobooks is now available within Radius’ business online and mobile banking platform and makes it easy for small businesses to:
- Accept card, ACH, and check lockbox payments
- Create and email invoices
- Automate bookkeeping
- Report on the company’s financial health
For businesses looking to quickly establish a relationship with a forward-thinking bank, Radius offers one of the fastest digital checking account opening experiences in the U.S. The account, Tailored Business Checking, can be opened from anywhere in less than 10 minutes and was recently named one of the best online business checking accounts for 2019 by both Fit Small Business and Magnify Money for small businesses that want to earn interest, access free ATMs worldwide with a business debit card, and use online and mobile banking tools to manage their operations. Desktop and app money management features like mobile check deposit, wire transfers, and the new Autobooks integrated payables and receivables services make the Tailored Checking account one of the most comprehensive digital small business solutions in the country.
About Radius Bank
With assets of approximately $1.3 billion, Radius Bank is a forward-thinking community bank offering a full complement of leading-edge personal and business products and services. The Bank serves consumers, small and middle market businesses, unions, government entities and non-profit organizations as its core clients. The Bank’s award-winning virtual banking platform allows clients to bank from anywhere with a computer or mobile device. Convenient features like check deposit, bill pay, person-to-person (P2P) payments and card management are all available to personal clients, with advanced treasury management and loan payments solutions available for business clients. Radius Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender. For further information, visit the Bank’s website at www.radiusbank.com, or follow the Bank on Twitter, LinkedIn, Facebook, and Instagram.
Detroit-based Autobooks is a provider of small business banking solutions that integrate within a financial institution’s digital experience. Through Autobooks, banks and credit unions can become a digital destination for small business owners, helping build stronger relationships, grow deposits and identify opportunities to increase fee income. Please visit www.autobooks.co to learn more.