This startup develops fintech software that consolidates accounts payable and receivable management for small and medium-sized businesses, integrating various payment channels such as ACH, virtual cards, and payroll solutions. By offering insured business banking services and smart vendor management tools, it enables businesses to optimize cash flow and streamline financial operations.
Funding
$2.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many small and medium-sized businesses (SMBs) struggle with fragmented accounts payable and receivable processes, often relying on multiple platforms and manual data entry, leading to inefficiencies and increased operational costs. Managing various payment channels, such as ACH, checks, wire transfers, and credit cards, can be complex and time-consuming.
Solution
OnlineCheckWriter.com, powered by Zil Money, provides a unified, cloud-based platform for SMBs to consolidate and streamline their accounts payable and receivable management. The platform supports diverse payment methods, including ACH, eChecks, wire transfers, credit cards, and both online check printing and mailing services. By integrating with popular accounting software like QuickBooks, Xero, and Zoho Books, OnlineCheckWriter.com automates data synchronization, reduces manual effort, and improves accuracy. The platform also offers features such as invoice management, bill payment scheduling, user access controls, and bank reconciliation, enabling businesses to optimize cash flow and simplify financial operations.
Target Audience
OnlineCheckWriter.com primarily targets small and medium-sized businesses (SMBs) across various industries, including government, utilities, medical practices, legal services, and retail, seeking to streamline their accounts payable and receivable processes and reduce operational costs.
Features
- Online check printing with customizable designs, allowing businesses to print checks on demand using blank stock paper and any printer
- Check mailing services, including USPS and FedEx options, with tracking and attachment capabilities
- Electronic payment options, including ACH, eChecks, and wire transfers, with low transaction fees
- Credit card payment processing, enabling businesses to pay vendors even if they don't accept credit cards
- Integration with popular accounting software such as QuickBooks, Xero, Zoho Books, and Bill.com for automated data synchronization
- Invoice management tools for creating and sending invoices, as well as tracking payments
- Bill payment scheduling and management features for automating and streamlining accounts payable processes
- User access controls with role-based permissions for enhanced security and compliance
- Bank reconciliation tools for automated transaction matching and reconciliation
- Mobile app for managing payments and banking on the go
- API for integrating with other business applications and platforms