PNC Bank announced it has upgraded its Cash Flow Insight tool, a suite of online tools designed to help small businesses manage incoming and outgoing funds.
The enhanced technology automates the payables and receivables processes, taking paper out of the equation when sending invoices, making payments and tracking approvals, the bank said.
Among the features of the new service include the ability for businesses to receive and make electronic payments directly in and out of business checking account; create and send branded invoices electronically; view what's been paid, what is owed and create schedules to avoid late payments, and manage and archive invoices, bills, contracts and receipts online.
"We recognize the challenges our small business customers face, finding the time and resources to effectively manage their money," said Troy Baker, deputy manager of Business Banking, PNC Bank, in a statement. "With these enhancements to Cash Flow Insight, business owners can stay organized and focused, as well as manage and forecast cash flow to make strategic business decisions in one place online."