Go beyond disconnected business products and services.
Transform your small business banking by adopting an ecosystem approach widely embraced by digital-first companies.
Small business banking can be optimized for efficiency and growth.
Banks haven’t always had it easy when it comes to small businesses. After all, most are small in scale and costly to support. Nevertheless, small businesses need your help.
Do we give up on this growing segment — or is there a better way forward?
The answer: Build a small business banking flywheel.
“You’re pushing no harder than during the first rotation, but the flywheel goes faster and faster. Each turn of the flywheel builds upon work done earlier, compounding your investment of effort.”
– Jim Collins
The benefits of a flywheel are clear:
To create an ongoing virtuous loop that helps you to identify customer needs, and then leverages those key activities to drive the customer forward with the solution.
An ideal digitalhub to transform your small business banking.
Your small business banking flywheel should start by solvingachallengemost small businessesstruggle with — getting paid.Autobooks was built to address this very need.
Attract customers into the flywheel by identifying most critical need.
Expand relationship by offering additional solutions.
Evaluate customer growth and usage; make adjustments.
Your digital banking flywheel starts with getting paid, but that's just the beginning.
Think of the possibilities ... small business customers will come to rely on your digital banking for their day-to-day cash flow management. They’ll be ready and willing to try the next best thing.
Digital Banking Flywheel
The next step? Reinvent your small business checking to feature digital payment acceptance.
There’s no need to introduce new products or services. For now, your small business checking can serve as the next step — you just have to make it clear to customers.
Want to see what a modern small business checking account looks like?
See small business checking, reimagined
Do we include some additional resources at the bottom of this page concerning the flywheel – namely the webinar and the SMB checking guide? Or, do we keep the user journey focused?
