ATLANTA, Oct. 20, 2016 /PRNewswire/ -- Today, Intuit
(Nasdaq: INTU) announced that NOWaccount® has been
selected as one of the top 10 new QuickBooks Online apps globally
in 2016. The NOWaccount App, available in the Accounts Receivable
and Payment Processing categories, as well as the Trending section
of the Intuit QuickBooks App Store, will go on to compete in the
final phase of the $100,000 Small
Business App Showdown at the 2016 QuickBooks Connect conference
in San Jose, CA, on October 24. To determine the finalists, Intuit
evaluated 74 new apps from around the world on several criteria,
including potential impact for small businesses, innovation, and
quality of integration.
"For four years, NOWaccount has helped small businesses across
the country significantly grow their revenue by eliminating
accounts receivable, so we're delighted to be recognized by Intuit
as a valuable service for their QuickBooks users," said
Lara Hodgson, president and CEO of
NOW Corp, who will be speaking at several sessions during the
conference on topics ranging from effectively managing growth and
to successfully leverage social media. "Being integrated with
QuickBooks Online makes it even easier for small businesses to use
NOWaccount to grow their business."
"We are thrilled to announce the top finalists for our Apps
Showdown competition, which highlights some of the best new apps
that have launched in the QuickBooks App Store this year," said
Lori Fraleigh, director of developer
relations at Intuit. "These finalists were voted for by our small
business community, therefore we know that they've been tried,
tested and eliminate many everyday pain points. We look forward to
celebrating the 10 finalists at QuickBooks
Connect."
The NOWaccount App for QuickBooks Online was released in
mid-August, and already has received positive reviews from both
small business users and accountants who have recommended it to
their small business clients.
"When we initially signed up for NOWaccount, we knew it was
going to help us grow by giving us access to the capital [our
revenue] we needed to operate and re-invest," said Heather Conley, director of business development
for Crawford Transportation. "Now the NOWaccount App has made it
even easier for us to get paid, and it's saved us time by not
having to log into multiple portals and send e-mails."
The NOWaccount App provides a seamless experience for QuickBooks
Online users. They simply generate an invoice in QuickBooks for the
customers they select, and a copy of the invoice is automatically
submitted to NOWaccount for processing. Payment of their actual
revenue is automatically received in their bank account via ACH
within days, and their journal entries are automatically recorded
in QuickBooks. The NOWaccount payment solution is a game
changer for businesses that sell to other businesses and
governments.
"I saw the NOWaccount product about five years ago, when they
were first starting," said Rick
Hayes, a Michigan-based
accountant and controller with more than 30 years of experience.
"It took me a little while to understand this was not a loan to my
client, but an actual payment, like accepting a credit card for
payment. Their new app makes it easy for my clients to create an
invoice in QuickBooks and then NOWaccount takes over, depositing
the payment in their checking account, reconciling the accounting
entries, and managing the collections – and it removes the risk of
non-payment!"
Intuit launched the $100,000
Small Business App Showdown to highlight how independent
companies such as NOWaccount are adding capabilities to QuickBooks
Online that help small businesses succeed.
"NOW is designed to assist small businesses in improving cash
flow, and it really does that," said Sammy
Siddique, the cloud accounting team lead for Acuity.
"Our clients that use NOW appreciate the ease of the
financing process and the smooth integration into QuickBooks
Online. The app definitely saves us time on the accounting side,
and their support team has been helpful as well."
About NOW Corp
NOW Corp is a certified women-owned business founded in
December 2010 to enable small
businesses to grow fearlessly, create jobs, and stimulate the U.S.
economy by relieving them of the burden of funding credit and being
a free bank to their customers. Recognizing an inefficiency
in the $32 trillion trade credit
sector, the founders leveraged their engineering and
entrepreneurial backgrounds to create NOWaccount®, an
innovative new payment solution that allows small businesses to get
paid their actual revenue immediately, in a way that is not a loan,
not factoring, feels like but costs less than accepting a credit
card for payment, and is largely invisible to their customers.
Since launching NOWaccount, NOW Corp has enabled small businesses
across the nation to grow exponentially (many clients report
triple-digit revenue growth within the first year of enrollment)
and create or retain thousands of jobs by eliminating accounts
receivable. For more information, visit www.nowcorp.com.
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SOURCE NOW Corp