SECURITY SOLUTIONS
WAVE IS GIVING SMES ACCESS TO MONEY MANAGEMENT WITH APP
functionalities were most important when accessing Wave from a mobile device , ‘ creating and sending invoices ’ ( 78 %), \ viewing payments and payout details ’ ( 70 %), and ‘ viewing reports such as income and expenses , cash flow , etc ’ ( 61 %) were top choices .
Key features and benefits of the revamped Wave app include :
Wave , the one-stop money management solution for small business owners , has launched its mobile app – a newly redesigned mobile experience that puts powerful , on-the-go money management solutions , including no-fee business banking , in the palm of small business owners ’ hands .
According to the Small Business Administration ’ s ( SBA ’ s ) 2021 report , small businesses create two-thirds of new jobs and deliver 43.5 % of the US ’ gross domestic product ( GDP ). And yet , there are very few money management solutions designed to solve the unique needs and pain points of microbusiness owners .
“ The past years saw explosive growth in entrepreneurship ; however , we continue to see small businesses being underserved by traditional banking solutions . The new Wave mobile app is designed to help bridge this gap ,” said Zahir Khoja , CEO of Wave . “ When solo entrepreneurs , freelancers and independent business owners can get access to higher-quality digital bookkeeping , small business banking solutions and get paid faster , it helps them improve the performance of their businesses and helps their families and communities thrive . Our new app is not just a great set of digital tools , but a way to drive financial inclusion and make the opportunities of entrepreneurship more accessible to anyone with a great business idea and a willingness to work hard .”
The Wave app combines comprehensive mobile invoicing and payments tools with no-fee business banking – all in one place . The enhanced app gives servicebased microbusinesses like freelancers , consultants and contractors , the power to monitor their financial health and improve the efficiency and professionalism of their operations , without the need for a traditional banking relationship .
The app redesign was driven by Wave customer feedback , which found that 70 % of mobile users would be more likely to use an app if they could use it to accomplish more financial tasks in Wave while on-thego . When customers were asked which
• A new dashboard : The app ’ s new dashboard delivers at-a-glance business insights , including profit and loss overviews and invoicing stats – plus a Task List to help crush procrastination and finish quick tasks that can ’ t wait until later .
• Total mobile invoicing : The new Wave mobile app lets business owners customize and send invoices , accept online payments , and send reminders on-the-go .
• Integrated mobile banking : The new app includes Wave ’ s no-fee business bank account , Wave Money , with onthe-go check deposit , income-tracking , and free Instant Payouts . In addition to the physical Wave Money Visa Business Debit Card , the app includes a virtual version so small business owners can make online purchases or add their card to a digital wallet , instantly . �
The past years saw explosive growth in entrepreneurship ; however , we continue to see small businesses being underserved by traditional banking solutions . www . intelligentfin . tech
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