SOURCE: IntelAccount

September 19, 2007 12:14 ET

Heritage Bank Introduces Heritage AP Manager

Automated Accounts-Payable System Saves Businesses Time and Money

WILLMAR, MN--(Marketwire - September 19, 2007) - Heritage Bank NA, a regional banking organization serving west central Minnesota and northern Iowa, has introduced Heritage AP Manager, a new Web-based accounts-payable service tailored for its business clients.

Heritage AP Manager will deliver powerful invoice-approval routing software, electronic payment services and complete digital document-management services to customers while reducing clients' accounts-payable costs by as much as 70 percent.

"Many business owners are unaware of the immediate significant savings and improved control that can be had by outsourcing and automating accounts-payable processes," said Tom Geiger, president of Heritage Bancshares Group. "Heritage AP Manager aims to provide these benefits to our customers that -- up until now -- were enjoyed almost exclusively by large companies."

Improved performance with reduced cost

Heritage AP Manager Web-enables and automates the entire accounts-payable and expense-report management process, from receipt of documents through electronic payment and online document storage. The technology delivers secure, access-controlled Web-based invoice routing and approval; electronic payments to vendors and employees; and digital document storage so documents are never lost and archived documents are retrievable in seconds by any authorized user.

Scanned and entered daily, accounts-payable data and images are accessible to authorized users 24/7 through a secure Web interface, reducing an expensive, labor-intensive process to one-step invoice review and approval. This efficiency allows businesses to grow without ongoing investment in accounting functions and overhead and to focus all their resources on revenue-generating activities.

The Heritage AP Manager is powered by IntelAccount Inc., a nationwide provider of accounts-payable and expense-report processing, and electronic-payment and digital document-management services, for community banks, CPA firms and small- and mid-sized businesses.

About Heritage Bank NA

Heritage Bancshares Group, the parent company of Heritage Bank NA, is a $300 million institution with operations in Minnesota and Iowa, offering full-service banking, insurance, investments and online mortgage processing from four locations in west central Minnesota and eight locations in northwest Iowa. Heritage Bank is committed to the ideal of community banking serving the needs of its customers, communities, employees, and investors. For more information visit www.heritagebankna.com

About IntelAccount

IntelAccount is a leading provider of Web-based accounts-payable processing and document-management services to small- and medium-sized organizations. The company is based in Minneapolis and has another office in Long Island, N.Y. IntelAccount provides finance and accounting outsourcing (FAO) services including accounts-payable and expense report processing, electronic payment and digital document-management services, saving organizations up to 70 percent over their internal costs. IntelAccount is a 2007 winner of the Upsize Growth Challenge and 2006 Minnesota Cup Business Competition Finalist. For more information, visit www.intelaccount.com.

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