FINANCIAL MANAGEMENT

Bento Launches Enhanced Accounting Features to Simplify Bookkeeping

Bento | January 11, 2021

Bento for Business, the leading spend management solution for businesses, unveiled another and powerful stack of accounting features to help businesses save time, streamline bookkeeping and close books quicker.

With these new features, Bento customers will have the option to import their GL Account, Class, and Location esteems into Bento and code transactions straightforwardly in Bento with two or three ticks. Moreover, they will have the option to make custom mapping rules to disentangle transaction coding for their association or meet other explicit requirements. Once coded, money professionals will have the option to survey and alter prior to trading transactions to their accounting software.

Joined with Bento's powerful, AI-driven, receipt capture and coordinating features, these upgrades eliminate a large part of the grating of gathering and sorting out data that CFOs and Controllers need to accommodate their books. Also, the new custom field creation and mapping choice makes it simple for organization workers to code their own transactions utilizing basic terms, if necessary. Notwithstanding the accounting software an organization utilizes, Bento's new accounting improvements are a critical move up to conventional bank items and ought to altogether streamline and accelerate feared month end closings for any business.

“Our customers have been telling us that reconciling their books at month and year end was one of their biggest pain points,” said Guido Schulz, CEO, Bento for Business. “With these enhancements, we hope we are able to eliminate yet another area of stress and inefficiency for our customers and continue on our mission to be the most helpful financial partner for our customers.”

About Bento
Based in Chicago and San Francisco, Bento is an award-winning SMB fintech solution led by veteran financial service executives and backed by leading financial technology investors. An intuitive debit card-based spend management platform, Bento’s mission is to save business owners money, time and effort.

Bento’s virtual and corporate cards and industry-leading financial management tools give companies unprecedented control and visibility over company expenses, eliminating fraud and administrative overhead. Bento Pay, Bento’s B2B payment product, enables business owners to make and receive payments with a simple email address while allowing the receiver to input their banking credentials and accept funds in seconds, avoiding the hassle of paper checks.

Spotlight

Portfolio Manager Mark Brett provides an update on the global bond market which includes: 1) Global economy in period of adjustment 2) Global currencies react to Central Bank actions 3) Do emerging markets currencies favour active investors 4) Bond prices may already reflect fed rate hike Capital Group is one of the world’s largest independent investment managers. Throughout our 80-year history, our aim has always been to deliver superior, consistent results for long-term investors. Investment management is our only business.

Spotlight

Portfolio Manager Mark Brett provides an update on the global bond market which includes: 1) Global economy in period of adjustment 2) Global currencies react to Central Bank actions 3) Do emerging markets currencies favour active investors 4) Bond prices may already reflect fed rate hike Capital Group is one of the world’s largest independent investment managers. Throughout our 80-year history, our aim has always been to deliver superior, consistent results for long-term investors. Investment management is our only business.

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