Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

A self-help tracking tool for small business

ASB Business Cash Plan: A self-help tracking tool for small business


ASB has launched another new online tool to help small businesses to keep track of and manage their cash flow using transactions directly from their ASB bank accounts.

There is no need to export bank account information into a separate platform - it’s all available and fully integrated within ASB’s FastNet internet banking service.

Small business customers from around the country, including farmers, bakers and mechanics were consulted in building this tool, to ensure it met their needs and added real value by simplifying their business administration.

“Our relationship managers have been working with our business customers to understand what they really need to help streamline their businesses,” says James Mitchell , Chief Executive Relationship Banking. “We’ve been delighted with the early positive reaction in the market place to this new financial help tool.”

“When ASB was the first bank to launch internet banking in New Zealand back in 1997 many businesses applauded the way it transformed their everyday financial business tasks. Now we’ve taken another step ahead by integrating our internet banking with an online Cash Management tool, saving customers time, money and giving them greater visibility of the effect their day to day transactions have on their cashflow.”

ASB Business Cash Plan launches for FastNet Classic customers today and for FastNet Business customers on 9 November. The new tool has been included free as part of the standard FastNet Business offering but is an add-on module for FastNet Classic customers, so after a free 90-day trial the cost for them will be $5.00 per month.

This new tool will be of most use to small to medium sized businesses but LAQCs, charities, schools and clubs may also find its cash tracking features to be beneficial.

Key benefits of ASB Business Cash Plan are that it can:
• Help show where cash is encumbered
• Identify potential cash flow bottlenecks
• Allow forward planning and forecasting
• Help save interest costs through better cash management
• Improve visibility of your cash position and help business people make more informed decisions for future development and expansion.

Anyone interested in finding out more or to see how ASB Business Cash Plan works can visit the online demonstration at www.asb.co.nz/bcp-demo

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Westpac NZ: Warns About Sophisticated New Scam
Westpac NZ is warning New Zealanders about a sophisticated new scam that involves a fake Westpac investment prospectus.
The prospectus is formatted to resemble a Westpac document and includes professional-looking imagery... More>>



Campaign For NZ Coastal Tankers : Says Fuel Security At Risk

Three unions representing New Zealand shipping crews are mounting a united campaign to protect New Zealand’s fuel security and save New Zealand coastal tankers... More>>



Tourism: Travel Bubble With Cook Islands Resumes

Cook Islands tourism restarts today, ending a five-month border closure due to COVID-19. Graeme West, General Manager Australasia for Cook Islands Tourism Corporation, said today’s first flight of quarantine-free travel from New Zealand to the Cook Islands is very significant... More>>


Insurance Council of New Zealand: September South Island Windstorm Cost $36.5 M Raises 2021 Extreme Weather Claims Total To $321.6 M

Gale force winds and storms between 9 and 13 September 2021 resulted in insurers supporting communities to the tune of $36.5 m. This is a significant rise, of $16.7 m, on preliminary figures for the event and lifts the end of year total for all extreme weather events in 2021 to $321.6 m... More>>


Statistics: Building Consents Hit New Highs In November
There were a record 48,522 new homes consented in the year ended November 2021, Stats NZ said today. This was up 26 percent compared with the year ended November 2020... More>>

Fonterra: Revises Milk Collection Forecast
Fonterra Co-operative Group Limited today revised the forecast for its 2021/22 New Zealand milk collections to 1,500 million kilograms of milk solids (kgMS), down from its opening forecast of 1,525 million kgMS... More>>