SOURCE: IntelAccount, Inc.

May 15, 2008 10:46 ET

Brickwell Community Bank Selects IntelAccount's Web-Based Accounts Payable Processing Services

MINNEAPOLIS/ST. PAUL, MN--(Marketwire - May 15, 2008) - IntelAccount, a leading provider of web-based accounts payable (AP), document management, and e-payment services to small and mid-sized businesses, announced the addition of Brickwell Community Bank to its growing client roster.

"Brickwell Community Bank is a progressive, growing organization supporting a complex, paper intensive invoice approval process and document management system. Selecting IntelAccount to handle our accounts payable means we can focus on client service and have access to web-based technology, efficient AP processes and 24/7 access to documents while lowering our operating cost in the accounts payable function," Ramya Rauf, Vice President of Finance for Brickwell Community Bank, said. "In addition, we'll eliminate a lot of paper, going 'green' to support the environment and that fits nicely with the philosophy of our company."

IntelAccount handles the accounts payable process from receipt of documents at its central processing center through final payment and online document storage -- even preparing 1099 forms. IntelAccount guarantees document scanning and data entry into its web-based invoice approval system with 24 hours of receipt. A process that used to take days or weeks to get an invoice approved and paid now takes minutes. All documents are accessible online by authorized users 24/7 through a secure document management system ensuring document confidentiality. The web-based system routes invoices to the required approvers and can generate electronic payments.

"For years, large organizations have enjoyed tremendous savings and improved productivity by using a third party to process their accounts payable," David Crane, CEO of IntelAccount said. "IntelAccount's services are tailored for small and mid-sized businesses so they can obtain the same benefits as the largest organizations including cost savings up to 70 percent. Once business leaders see there is a more efficient, less expensive way to handle accounts payable, using IntelAccount services becomes one of the easiest decisions to make."

About Brickwell Community Bank

Brickwell Community Bank's mission is to serve Woodbury and its surrounding communities. The Bank has committed itself to delivering unparalleled customer service along with unequaled community involvement. Brickwell Community Bank's broad array of customized retail and commercial products along with its expansive selection of services help differentiate the bank from its competitors.

As a community bank, we believe it is our responsibility to make a positive difference in the communities we serve. It will always be Brickwell Community Bank's mission to support civic programs and organizations helping our community grow and prosper.

About IntelAccount

IntelAccount is a leading national provider of web-based accounts payable, e-payment and document management services to small and medium size businesses. IntelAccount was a Winner of the 2007 Upsize Magazine Growth Challenge, Nominated for (BPO) 2007 Provider of the Year by FAO Magazine and the Hackett Group, and a 2006 Minnesota Cup business competition finalist! For more information visit www.intelaccount.com.

Contact Information

  • Contacts:
    David Crane
    CEO
    IntelAccount, Inc.
    612.889.9500
    Email Contact

    Ramya Rauf
    Vice President of Finance
    Brickwell Community Bank
    651.289.5012
    Email Contact