March 21 - City National Bank now offers City National Book2Bank, a new online and mobile business banking solution that connects with accounting systems like QuickBooks to automate and simplify payment activities. This new solution allows a business owner to more easily manage invoices, generate electronic payments and streamline the payment approval process.
“City National is deeply committed to helping our business clients succeed and to offering solutions that help them reach their goals,” said James Daley, executive vice president and manager of Treasury Services for City National Bank. “City National Book2Bank streamlines and secures the payment process, improves controls and gives our clients the simple, intuitive experience they expect.”
The system is designed to solve a financial challenge for small and mid-size businesses. Many of these firms find the majority of online business payment systems either too small and geared for individual consumers, or too complex and geared for large corporations that process as many as 500 payments a month. City National Book2Bank synchronizes automatically with QuickBooks, simplifying payment processes and eliminating the need to enter information more than once.
Key benefits of City National Book2Bank include:
“It’s very easy – very transparent,” said Greg Gallup, chief operating officer for Royal Coach Tours, a charter bus transportation firm in San Jose and a City National client that uses City National Book2Bank. “Our president likes it because she can make approvals from her iPad, which is convenient and saves time. You can also see the entire invoice, which is really helpful.”
To create City National Book2Bank, City National partnered with MineralTree Inc., a Cambridge, Mass., firm that delivers online payment solutions to the financial services industry.
“City National Bank is always looking for new ways to make banking easier, especially for small businesses,” said BC Krishna, founder and CEO of MineralTree Inc. “We’re pleased to partner with City National in this effort.”