SOURCE: IntelAccount, Inc.; Peoples State Bank

IntelAccount, Inc.; Peoples State Bank

April 28, 2009 10:00 ET

Peoples State Bank Selects IntelAccount's Web-Based Accounts Payable Processing Services

MINNEAPOLIS/ST. PAUL, MN--(Marketwire - April 28, 2009) - IntelAccount, a leading provider of Web-based accounts payable and expense report automation, document management, e-payment, and payroll services to small and mid-sized businesses, announced the addition of Peoples State Bank to its growing client roster.

"Peoples State Bank is a community-focused organization with multiple locations. We selected IntelAccount to process our accounts payable and expense reports because of the benefits delivered by IntelAccount: improved controls, productivity and security while helping us control our related costs. Using IntelAccount's services we can focus more resources on client service and have access to Web-based technology and expert staff without the ongoing investment of building and managing these systems and processes internally," Leif Christianson, CIO for Peoples State Bank, said. "In addition, we'll eliminate paper related to the accounts payable process, going 'green' to support the environment and that fits nicely with the philosophy of our organization."

IntelAccount handles the accounts payable process from receipt of documents through payment and online document storage -- including Web-based approval routing and management reporting -- even preparing 1099 forms. A process that used to take days or weeks to approve and pay an invoice now takes minutes.

"Many banks are using IntelAccount's services to save money and improve process controls and employee productivity. In fact, most of our bank clients refer our services to their commercial clients resulting in a new revenue source for the bank," David Crane, CEO of IntelAccount, said. "IntelAccount's services are tailored for small businesses to obtain cost savings up to 70 percent. In this tough economy, all businesses want to reduce costs without sacrificing control or service."

About IntelAccount, Inc.

IntelAccount is a leading national provider of Web-based accounts payable, expense report, and payroll processing including e-payment and document management services. The Company focuses exclusively on the small and medium-size business market. IntelAccount was a Winner of the 2007 Upsize Magazine Growth Challenge and Nominated for (BPO) 2007 Provider of the Year by FAO Magazine. For more information visit www.intelaccount.com or contact sales@intelaccount.com.

About Peoples State Bank

Founded in 1962, Peoples State Bank is an independent bank dedicated to customer satisfaction and quality service. All types of businesses were attracted to our bank where profits were reinvested in the community it served. Today Peoples State Bank is owned by over 900 stockholders. In 1995, PSB Holdings Inc. was established to position the bank for the future in a highly competitive marketplace. Many local commercial projects have been funded and are local landmarks. Our goal is to serve the businesses and individuals who live and work in our communities. We are currently over $500 million in assets with aggressive growth goals. Products will continue to be expanded, experienced staff added and customers encouraged to grow with us. For more information, please visit www.psbwi.com

Contact Information

  • Contacts:

    David Crane
    CEO
    IntelAccount, Inc.
    631.270.7684
    Email Contact

    Leif Christianson
    CIO
    Peoples State Bank
    715.842.2191
    Email Contact