Business Online Solutions for Financial Institutions
- August 13, 2024
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Business online solutions are an integral component of digital strategy, allowing companies to establish and manage their online presence, reach their targeted public, and attain their digital goals. They provide a variety of technologies and tools like e-commerce platforms, website builders, customer relationship management systems and project management software and payment gateways online.
Fiserv’s Business Online solution comes with an online landing page that is intuitive and gives clients of business banking access to important information and functionality in one location. The product is based upon eCorp which has been utilized by community and regional banks for over 12 years.
The Business Online solution includes new tools to help businesses manage receivables, payments and cash flow more effectively. They include cash application services that speed up the process of obtaining funds from accounts receivables, and the streamlined process of processing payments via check or ACH, as well as epayments. It also includes additional fraud prevention tools that help mitigate risk by identifying suspicious activity and helping to limit the negative impact of fraudulent transactions. Additionally, the system provides reconciliation services that can help save time and reduce costs by reducing the amount of manual entries needed to reconcile bank accounts, as well as purchasing controls to manage spending and prevent employee credit cards from being used to make purchases for personal use. Additionally, the solution comes with a variety of customization options, such as page layout and navigation menu options that can be tailored to match the financial institution’s logo and website.
