How do digital banking services provide added value?
Posted: Tue Dec 10, 2024 9:08 am
One word: simplicity. Being able to access information, advice and even financing at the touch of a button is priceless to time-poor business owners. Imagine being able to view useful, timely and relevant financial information and reports, or have a loan application approved in minutes without leaving your desk. Or better yet, imagine turning on your mobile device or logging into your account and discovering that your loan application has already been approved. These are just a few of the many benefits that digital banking offers business owners.
What tools, features and tasks can business owners use to their advantage?
Performance measurement
Mobile apps use real-time financial data not only to provide insights into your business's financial performance, but also to compare your results with those of the industry in which your business operates. This feature allows you to track key performance indicators, such as revenue growth, for comparison purposes.
Data-driven advice and coaching
In addition to tracking a business’s performance, many mobile dentist database apps and online services provide valuable insights to business owners by using artificial intelligence to interpret financial data and provide recommendations and insights on how to improve business performance. For example, some apps analyze trends and can suggest a business a better way to manage its inventory, or even go so far as to recommend investing in an inventory management system outright.
Direct Online Credit Granting Channel
Many financial institutions now allow business owners to apply, and in some cases complete the entire process for a small loan, through a self-serve digital channel. Through our client portal, existing clients can log in and, if applicable, view and accept loans that have already been pre-approved for them. In just a few minutes, they can accept these loans, have the loan applications fully processed, and see the funds deposited into their account within 24 hours. Since fall 2019, both clients and non-clients can use our client portal to apply for a loan directly. In cases where the amount requested is less than $100,000, the loan could be processed entirely in real-time, through self-serve, with approval in minutes and funds deposited within hours.
The positive impact for business owners is therefore immense! Indeed, they will have the opportunity to use mobile and online channels to track essential information about their business, receive alerts, recommendations and advice and, if necessary, submit a loan application and have it approved in a matter of minutes.
Key takeaways for a great credit granting experience, both online and offline: It's important to keep your bank informed of your situation so you can get the loan that best meets your business needs in a timely manner.
What tools, features and tasks can business owners use to their advantage?
Performance measurement
Mobile apps use real-time financial data not only to provide insights into your business's financial performance, but also to compare your results with those of the industry in which your business operates. This feature allows you to track key performance indicators, such as revenue growth, for comparison purposes.
Data-driven advice and coaching
In addition to tracking a business’s performance, many mobile dentist database apps and online services provide valuable insights to business owners by using artificial intelligence to interpret financial data and provide recommendations and insights on how to improve business performance. For example, some apps analyze trends and can suggest a business a better way to manage its inventory, or even go so far as to recommend investing in an inventory management system outright.
Direct Online Credit Granting Channel
Many financial institutions now allow business owners to apply, and in some cases complete the entire process for a small loan, through a self-serve digital channel. Through our client portal, existing clients can log in and, if applicable, view and accept loans that have already been pre-approved for them. In just a few minutes, they can accept these loans, have the loan applications fully processed, and see the funds deposited into their account within 24 hours. Since fall 2019, both clients and non-clients can use our client portal to apply for a loan directly. In cases where the amount requested is less than $100,000, the loan could be processed entirely in real-time, through self-serve, with approval in minutes and funds deposited within hours.
The positive impact for business owners is therefore immense! Indeed, they will have the opportunity to use mobile and online channels to track essential information about their business, receive alerts, recommendations and advice and, if necessary, submit a loan application and have it approved in a matter of minutes.
Key takeaways for a great credit granting experience, both online and offline: It's important to keep your bank informed of your situation so you can get the loan that best meets your business needs in a timely manner.