Small Business Technology News
U.S. Bank Teams Up With Information Builders
Written by Jenna Weiner
Bank will use IB's WebFOCUS
U.S. Bank recently introduced a brand-new application from a technology company to help small businesses owners better keep track of their purchases and payment methods.
The bank will use the WebFOCUS technology, developed by Information Builders, which will help entrepreneurs make their accounting more efficient and detailed. The senior vice president of payment solutions for U.S. Bank said that the new program would benefit those who needed to better track their spending.
"Information Builders created a reporting infrastructure that can scale to support one 1 million users," said Robert Kaufman regarding the news for small business. "ScoreBoard allows small business owners and authorized officers to monitor their company's credit card spending over various time periods, as well as to compare aggregate credit card transactions to industry trends."
Many companies see a big opportunity for growth in the small business technology sector. In a recent interview with the Wall Street Journal, Stephen Felice, president of consumer, small and medium business at Dell, said that his company saw the market as being on "the verge of being able to take off in a much bigger way.”
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