Yodlee Unveils New Small Business Financial Management Solution

NEW YORK, Sept. 12, 2012 /PRNewswire/ — Today at FinovateFall, Yodlee will unveil a new solution for small business owners to take control of their business finances – anytime, anywhere, on any device. The Yodlee SmallBusiness Suite leverages the Yodlee Platform to provide easy-to-use tools, in the form of integrated “FinApps” (financial applications) for payroll, invoicing, funds transfer, and cash flow and expenses management, accessible from any device. This frees business owners to focus on what they do best – pursuing their passion and growing a successful business.

“There are over 25 million U.S. businesses with 25 or fewer employees, and their needs were not being met, until today. That’s why we decided to point our unique technology platform towards this important audience. We want to help these business owners find more time in their day and increase profits with simple, smart tools for managing and monitoring their business finances,” said Anil Arora, CEO of Yodlee. “And, by making these solutions available from the financial institutions these businesses already work with, we can maximize access and value quickly, putting the power of the solution in the hands of the people who need it.”

As small businesses grow, their needs change. The Yodlee SmallBusiness Suite offers flexible tools that help business owners proactively manage their business finances without any special training or reliance on an accountant. Features include: bookkeeping, cash flow management, expense management and reporting, inventory management, invoicing, credit scoring, time tracking, and an integrated trip planner. FinApp partners included in the SmallBusiness suite include PaySimple, TouMetis, and WorkingPoint.

Yodlee SmallBusiness is the first in a series of FinApp-based solutions customized for the needs of specific financial institution customer segments. Other FinApp suites include Yodlee WealthCenter, Yodlee Retail, and the Yodlee Cards solution.

Yodlee SmallBusiness is also the first set of FinApps built using HTML5, the latest development environment for the Yodlee Platform. With increased adoption of smartphones and tablets, consumers want access to banking applications at any time, on any device. HTML5 FinApps enable full access to personalized banking experiences.

See the Yodlee SmallBusiness Suite for yourself at FinovateFall! Finovate takes place on September 12th and 13th at the Javits Center in New York City. For more information, visit http://finovatefall.com/.

About Yodlee

Yodlee created the industry’s first, patented, personalized finance platform for global money management. Powering services for 7 of the top 10 U.S. financial institutions and more than 35 million consumers, Yodlee removes the friction from financial management, making it a more insightful, interactive, and actionable experience for consumers while delivering retention, engagement, and revenue for financial providers. Yodlee is driving the new era of digital banking – anywhere, anytime, on any device.

Yodlee is headquartered in Redwood City, California. For more information, visit www.yodlee.com.

Yodlee is a registered trademark of Yodlee, Inc. Yodlee Interactive and Yodlee FinApps are trademarks of Yodlee, Inc. Any other companies, products and/or services mentioned may be registered trademarks or trademarks of, and are the property of, their respective owners.

SOURCE Yodlee, Inc.

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