Smart Connect is a robust and secure connection service designed to streamline your financial management by creating direct links to your client's bank and credit card accounts.
Smart Connect is a robust and secure connection service designed to streamline your financial management by creating direct links to your client's bank and credit card accounts. It enhances the accuracy and timeliness of book closing by fetching bank statements and handling authentication processes efficiently. This guide explains the functionalities of the Smart Connect window and how you can use it to monitor and manage your financial accounts.
Features of Smart Connect
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Secure Connection to Financial Accounts:
- Smart Connect establishes a highly secure link to your client's bank and credit card accounts. It also delivers bank statements where available.
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Handling Authentication Processes:
- The service manages multi-factor authentication, security questions, and one-time passcodes, which may be delivered via text or phone call.
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Account Information at Your Fingertips:
- The Smart Connect window displays key financial information, including cash balance, credit used, and Net Cash balance for connected accounts.
Using Smart Connect
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High-Level Account Overview:
- You can view a high-level summary of your accounts, including their connection status and whether AutoPush is enabled.
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Reconnect Disconnected Accounts:
- For accounts that may have become disconnected, Smart Connect allows you to re-establish the connection directly from this overview.
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Drill Down into Specific Accounts:
- The feature enables you to delve into the transaction-level details of a specific account.
- You can also check if your accountant has access to retrieve the month-end statement.
Benefits of Using Smart Connect
- Streamlined Financial Management: By offering a comprehensive view of your financial accounts and their statuses, Smart Connect simplifies the management of your financial data.
- Enhanced Security and Accuracy: The secure handling of authentication and direct delivery of bank statements contribute to the accuracy and security of your financial records.
- Timely Book Closing: With immediate access to financial data and statements, your accountant can close your books accurately and promptly.
Smart Connect is an invaluable tool for keeping a finger on the pulse of your financial situation. Its capabilities ensure that you are always informed about the status of your accounts and can take necessary actions swiftly, aiding in efficient and secure financial management.