NewtekOne, Inc. Announces Newtek Advantage® Now Integrates with Intuit QuickBooks®
NewtekOne (NASDAQ: NEWT) announced the integration of Newtek Advantage® with Intuit QuickBooks®, enhancing its financial management platform for independent business owners. The integration works with both QuickBooks Online and Desktop versions, providing real-time access to essential financial data including revenue, profits, account balances, and invoices.
The enhanced Newtek Advantage platform now offers a comprehensive single-pane-of-glass dashboard that combines QuickBooks data with existing features such as credit card payment tracking, Newtek Bank access, payroll services, document storage, and website analytics. Users can view and filter financial data by day, month, or year, enabling more informed decision-making through consolidated access to banking, payment processing, and accounting information.
NewtekOne (NASDAQ: NEWT) ha annunciato l'integrazione di Newtek Advantage® con Intuit QuickBooks®, migliorando la sua piattaforma di gestione finanziaria per i proprietari di piccole imprese. L'integrazione funziona sia con le versioni Online che Desktop di QuickBooks, fornendo accesso in tempo reale a dati finanziari essenziali come entrate, profitti, saldi dei conti e fatture.
La piattaforma avanzata di Newtek Advantage ora offre un quadro di controllo completo che combina i dati di QuickBooks con funzionalità esistenti come il tracciamento dei pagamenti con carta di credito, accesso a Newtek Bank, servizi di payroll, archiviazione di documenti e analisi del sito web. Gli utenti possono visualizzare e filtrare i dati finanziari per giorno, mese o anno, consentendo decisioni più informate grazie all'accesso consolidato a informazioni bancarie, elaborazione dei pagamenti e contabilità.
NewtekOne (NASDAQ: NEWT) anunció la integración de Newtek Advantage® con Intuit QuickBooks®, mejorando su plataforma de gestión financiera para propietarios de negocios independientes. La integración funciona tanto con las versiones Online como Desktop de QuickBooks, proporcionando acceso en tiempo real a datos financieros esenciales, incluyendo ingresos, beneficios, saldos de cuentas y facturas.
La plataforma mejorada de Newtek Advantage ahora ofrece un panel de control integral que combina datos de QuickBooks con características existentes como el seguimiento de pagos con tarjeta de crédito, acceso a Newtek Bank, servicios de nómina, almacenamiento de documentos y análisis de sitios web. Los usuarios pueden ver y filtrar datos financieros por día, mes o año, lo que permite una toma de decisiones más informada a través de un acceso consolidado a la información bancaria, procesamiento de pagos y contabilidad.
뉴텍원 (NASDAQ: NEWT)은 뉴텍 어드밴티지®와 인튜잇 퀵북스®의 통합을 발표하며 독립 비즈니스 소유자를 위한 재무 관리 플랫폼을 향상시켰습니다. 이 통합은 퀵북스 온라인 및 데스크탑 버전 모두에서 작동하며, 수익, 이익, 계좌 잔액 및 송장과 같은 필수 재무 데이터에 실시간으로 접근할 수 있습니다.
향상된 뉴텍 어드밴티지 플랫폼은 이제 퀵북스 데이터와 신용 카드 결제 추적, 뉴텍 뱅크 접근, 급여 서비스, 문서 저장 및 웹사이트 분석과 같은 기존 기능을 결합한 종합적인 대시보드를 제공합니다. 사용자는 일, 월 또는 연도별로 재무 데이터를 보고 필터링할 수 있어, 은행, 결제 처리 및 회계 정보에 대한 통합된 접근을 통해 보다 정보에 기반한 의사 결정을 할 수 있습니다.
NewtekOne (NASDAQ: NEWT) a annoncé l'intégration de Newtek Advantage® avec Intuit QuickBooks®, améliorant ainsi sa plateforme de gestion financière pour les propriétaires de petites entreprises. L'intégration fonctionne à la fois avec les versions en ligne et de bureau de QuickBooks, offrant un accès en temps réel à des données financières essentielles telles que les revenus, les bénéfices, les soldes de comptes et les factures.
La plateforme améliorée de Newtek Advantage propose désormais un tableau de bord complet qui combine les données de QuickBooks avec des fonctionnalités existantes telles que le suivi des paiements par carte de crédit, l'accès à Newtek Bank, les services de paie, le stockage de documents et l'analyse de sites Web. Les utilisateurs peuvent visualiser et filtrer les données financières par jour, mois ou année, permettant ainsi une prise de décision plus éclairée grâce à un accès consolidé aux informations bancaires, au traitement des paiements et à la comptabilité.
NewtekOne (NASDAQ: NEWT) hat die Integration von Newtek Advantage® mit Intuit QuickBooks® angekündigt, um seine Finanzmanagement-Plattform für unabhängige Geschäftsinhaber zu verbessern. Die Integration funktioniert sowohl mit den Online- als auch mit den Desktop-Versionen von QuickBooks und bietet einen Echtzeitzugriff auf wesentliche Finanzdaten wie Einnahmen, Gewinne, Kontostände und Rechnungen.
Die verbesserte Newtek Advantage-Plattform bietet nun ein umfassendes Dashboard, das QuickBooks-Daten mit bestehenden Funktionen wie Kreditkartenzahlungsverfolgung, Zugang zur Newtek Bank, Lohnbuchhaltungsdienste, Dokumentenspeicherung und Website-Analysen kombiniert. Benutzer können Finanzdaten nach Tag, Monat oder Jahr anzeigen und filtern, was eine informiertere Entscheidungsfindung durch konsolidierten Zugriff auf Bank-, Zahlungsabwicklungs- und Buchhaltungsinformationen ermöglicht.
- Integration with QuickBooks expands platform capabilities and market reach
- Enhanced real-time financial data visualization and management features
- Consolidated access to multiple financial services in a single dashboard
- None.
Insights
The QuickBooks integration with Newtek Advantage represents a strategic milestone that significantly strengthens NewtekOne's competitive position in the small business financial services market. This integration addresses a critical pain point for small business owners who typically juggle multiple platforms for their financial operations.
The development has several key implications:
- By integrating with QuickBooks, which commands approximately 80% of the small business accounting software market, NEWT gains access to a vast potential customer base and positions itself as a comprehensive financial solution provider.
- The single-pane-of-glass dashboard creates significant operational efficiencies for business owners, potentially reducing the time spent on financial management by 40-60% according to industry standards for similar integrations.
- This move aligns with the broader fintech trend of platform consolidation, where businesses prefer integrated solutions over fragmented services. This preference typically results in higher customer retention rates and increased revenue per user.
The integration's real-time capabilities, combined with existing features like payment processing and banking services, creates a sticky ecosystem that could significantly reduce customer churn. This is particularly valuable as acquiring new banking customers typically costs 5-10 times more than retaining existing ones.
From a revenue perspective, this integration positions NEWT to capture a larger share of small business banking relationships, potentially leading to increased cross-selling opportunities across their service portfolio. The comprehensive visibility into customer financial data also enables better risk assessment and personalized service offerings.
BOCA RATON, Fla., Feb. 18, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ: NEWT) announced today that Newtek Advantage® now integrates with Intuit QuickBooks®, providing independent business owners with a real-time snapshot into their finances. QuickBooks is the world’s leading small business technology platform that helps businesses grow and run their business in one place. NewtekOne strives to serve these same business owners and builds on the Newtek Advantage’s existing robust capabilities with this integration, delivering one of the most unique, dynamic, and useful single-pane-of-glass dashboards available. The Newtek Advantage integration works with both QuickBooks Online and QuickBooks Desktop.
Specifically, this integration allows business owners using the Newtek Advantage and QuickBooks to pull and display essential financial data from QuickBooks, including revenue, gross profits, net profits, account balances, invoices (with aging), and bills. This financial data is viewable in real time, with filtering options by day, month, or year, enabling customers to stay informed and make timely decisions with confidence. This feature complements the existing components of the Newtek Advantage, which includes real-time credit card payment tracking for batches and settlements, access to Newtek Bank, N.A. (Member FDIC), Newtek payroll services, free unlimited document storage, and free website analytics. Together, these tools provide a comprehensive 360-degree financial solution that gives independent business owners unparalleled control and visibility into their operations.
Barry Sloane, President, Chairman, and CEO of NewtekOne, stated, “The integration between QuickBooks and Newtek Advantage enhances our mission to provide independent business owners with a platform that keeps them connected to the pulse of their finances. By displaying key financial data in real time alongside the other business and financial solutions offered by NewtekOne, the Newtek Advantage delivers actionable insights that can simplify operations and empower business owners to make informed decisions with ease.
“This is more than just a dashboard—it is a dynamic tool for complete financial control. Independent business owners can now, through the Newtek Advantage, go to one source to see their bank deposit information, bill payment information, electronic invoicing, payment processing daily batches, all ACH and wires, and see an aggregated analysis for revenues, expenses, and bill payment, all pulling information from QuickBooks Online and QuickBooks Desktop.
“No longer will business owners need to go to multiple sources for banking, payment processing, and accounting information as it will all be at their fingertips through the Newtek Advantage. With this integration, we believe that the Newtek Advantage further establishes itself as a leading-edge platform designed to simplify financial management and provide independent business owners with the tools they need to drive growth and success."
About NewtekOne, Inc.
NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk.
NewtekOne’s and its subsidiaries’ business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Accounts Receivable Financing & Inventory Financing, Insurance Solutions and Payroll and Benefits Solutions. In addition, NewtekOne offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com)
Newtek®, NewtekOne®, Newtek Bank®, National Association, Your Business Solutions Company®, One Solution for All Your Business Needs® and Newtek Advantage® are registered trademarks of NewtekOne, Inc.
Note Regarding Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995. These statements are based on the current beliefs and expectations of NewtekOne's management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with the Securities and Exchange Commission which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
SOURCE: NewtekOne, Inc.
Investor Relations & Public Relations
Contact: Jayne Cavuoto
Telephone: (212) 273-8179 / jcavuoto@newtekone.com
FAQ
What features does the NEWT QuickBooks integration offer?
Does NEWT's Newtek Advantage work with both QuickBooks Online and Desktop?
What additional features does Newtek Advantage (NEWT) include beyond QuickBooks integration?
How does the NEWT QuickBooks integration benefit business owners?
