Capital One said with the new Apply Payments tool, businesses using the bank’s Remote Deposit service can seamlessly integrate their electronic check deposits with accounting software packages, such as QuickBooks or Peachtree.
For no additional fee, the tool eliminates the hassle of double-keying check deposit information and automatically updates accounts receivable information in one easy step.
According to Capital One, Apply Payments will allow its business clients to save time, reduce keying errors and benefit from a truly integrated receivables process.
One Bank EVP-head of Capital Treasury Management business Colleen Taylor said Apply Payments is just one of several new product enhancements the bank’s clients can expect to see from Capital One this year.
"We are making significant investments in technology and resources to expand our Treasury Management solutions, all intended to help support our customers and to allow them to spend more time on focusing on their broader business objectives," Taylor said.
