April 25, 2013 16:00 ET's Fast-Growing Business Payments Network Is Converting More Than 40 Percent of Customer Payments to ACH Is the Only Company Helping SMBs Change Their Check Payments to ACH by Automating the End-to-End Cash Flow Management Process

PALO ALTO, CA--(Marketwired - Apr 25, 2013) -, the leader in integrated bill payment, invoicing and cash flow management solutions for businesses, today announced that it is converting more than 40 percent of customer payments from check to ACH, meaning is the only company making ACH -- commonly known as ePayments -- adoption a reality for small to medium sized businesses (SMBs). is achieving this feat by going beyond single ACH transactions and automating the end-to-end cash flow management process, connecting people, documents, payments and accounting systems.

Today, more than 80% of transactions between U.S. small-to-medium businesses (SMBs) involve paper invoices, paper checks, or manual reconciliation, resulting in costly inefficiencies and errors. is turning this paradigm on its ear. is the first platform to digitize the whole process, integrating electronic payments seamlessly with accounting software and digital documents.

Typically, only large companies have the staff, resources, and knowledge needed to use and integrate treasury management services such as ACH and Positive Pay. makes those services accessible to companies of all sizes, as small as $100K in revenue to more than $100M, via its cloud-based AP, AR and cash flow management solution. This is critical because, for SMBs, it is not just about processing ACH transactions, it is about setting up an entire cash flow management solution. By transcending transaction processing to ACH-based process revolution, is using ACH to redefine how SMBs work and is spurring on a new generation of "No Check" CEOs, a cadre of business and financial leaders using game-changing technology to replace time-consuming paper processes with fast, efficient cloud-based systems everywhere in their businesses.'s ACH growth is fueled by the following unique offerings:

  • Only maintains a vendor and customer portal that is secure and maintained directly by the vendor/customer, ensuring privacy and security.
  • alone creates collaboration opportunities for customers to interact with their customers and vendors.
  • does this all for $.49 a transaction. This is by far less expensive than printing, mailing and/or receiving checks, finally ringing the death toll for paper checks.

"Our incredible network growth marks the advent of the ACH revolution," said René Lacerte, founder and CEO of "Consumers have already adopted ePayments, but businesses have lagged. Now, just as we freed financial professionals from error-prone, tedious manual accounting processes, we are removing the shackles of paper checks. is democratizing treasury services and making ACH the payment method not of the future, but of now." delivers a complete web-based financial solution for businesses and accountants that provides the tools, information, and collaboration required to better manage their financial tasks and optimize cash flow.'s game-changing technology allows users to access online bill payments, e-invoicing, document management, and automated workflow through one easy system. In addition to seamlessly integrating with businesses' existing accounting software programs, provides financial leaders with a comprehensive view of their cash forecast -- making it the only solution that connects a user's banks, bookkeeping, and business.

About is a cash flow command and control system that manages accounts payable and receivable for businesses of all sizes. Offering online bill pay, custom invoicing services, unlimited document storage, collaboration tools, and mobile access,'s services easily sync to users' accounting software programs and online bank accounts to better control company financials. guards against errors and employs enterprise-class fraud protections that current methods cannot match. More than 100,000 users are now getting paid and paying millions of bills, worth billions of dollars, using Financial institutions can now offer these benefits to their business customers by integrating with their banking platform.

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