Case Study: TD Bank helps small businesses get paid faster with Autobooks

TD Bank boosts stand-alone invoicing adoption 421% with Autobooks

TD Bank, one of the ten largest banks in the US, faced the challenge of helping its small business customers operate remotely and get paid faster, a need that became especially pressing during the pandemic. To reinvent its small business checking, the bank partnered with vendor Autobooks to integrate digital cash flow management capabilities.

The solution implemented by Autobooks embedded tools like online invoicing and payment acceptance directly into the bank's TD Business Simple Checking account. This integration led to significant results for TD Bank, including a 421% increase in stand-alone invoicing adoption and a 2x increase in bank product adoption from customers using Autobooks. The vendor's solution also helped drive a 65% increase in balances held at the bank.

TD Bank