Access Softek, a digital banking platform provider, has announced its commercial banking platform, Access Commercial, enabling community financial institutions to maintain a presence in the $600 billion commercial banking market(Access Softek ).
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.@AccessSoftek’s Access Commercial platform presents growth opportunity for community financial institutions
Access Commercial creates a seamless online experience for credit unions and community banks to meet business’s specific needs, strengthen existing business relationships and even attract new ones. Community businesses present an opportunity for exponential growth for community financial institutions; however, many do not have the solutions in place to serve this market. Access Commercial was created to help small and medium businesses (SMBs) manage their finances easily and efficiently, directly through a digital platform.
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“Our commercial business accounts are looking for more online abilities, flexibilities and control with their virtual banking access and experience,” said Carol Wadleigh, Chief Information Officer at Partner Colorado Credit Union. “Access Commercial gives us the ability and the tools to provide online commercial banking services to these members, tailored to their needs, that helps us deliver these services and grow our commercial lines of business – from small to large – in a cost-effective manner.”
Access Commercial supports operational functionalities across the FI, providing each user a unique interface depending on their role, as defined by the business owner. This includes money movement channels, limits, approvals and access to additional services. Access Commercial also contains an audit feature that helps show which employees have certain responsibilities. The platform supports a robust business bill pay, payroll, same day ACH and wire transfers to enable streamlined payments options for both revenue and expenses. This solution also offers a real-time integration into Quickbooks, allowing them to see all of their transactions with the platform’s cash flow tool.
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