WE MAKE CONSTANT CHANGE EASY TO MANAGE

Financial accounting software that helps you automate accounts payable, streamline workflow, and stay compliant.

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Trusted by 1 Out of Every 4 U.S. Banks

Inc. 5000 America’s Fastest-Growing Private Companies

Deloitte Technology Fast500

SSAE18 Complete

We’re the only software company to focus solely on accounting solutions for financial institutions.

With a full suite of financial accounting software designed with financial institutions in mind, Banktel has served over 1,700 banks with automation that manages expenses efficiently, mitigates fraud risk, and helps bank and credit union clients fulfill their dreams and grow their businesses. How do we do that? By meeting CFOs, controllers, and accountants exactly where they are, with the tools they need, to realize significant cost and time savings and improve the efficiency of their essential workflows.

Prevent, detect, and mitigate any operational deviations.

Accounts Payable

Effortlessly schedule transactions and pay bills with a completely automated process

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Fixed Assets

Track and maintain a complete book and tax asset schedule for your financial institution

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Prepaid and Accruals

Automate setup and tracking of monthly prepaid and accrual items

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Coordinate your financial tasks to be as efficient as possible.

Approval Workflow

Approve invoices and vendors via an electronic process with detailed audit trail

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Expense Report Reimbursement

Manage employee expenses, reimbursements, electronic receipts, and credit cards transactions

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Purchase Requisitions

Manage requisitions and purchase orders to vendors with approvals

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Remote Imaging

Scan and submit invoices at the receiving point anywhere within your organization

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Vendor Portal

Directly receive vendor invoices and documents in Accounts Payable for approval

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Make well-informed decisions without error.

Vendor Management

Easily track and maintain risk assessments, contracts, and important dates of your institution’s vendor relationships

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Shareholder Management

Automate management, reporting, and dividend payments to shareholders

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We’ve been able to scale our organization without having to add staff because of the efficiencies we’ve seen. If you’re unsure whether you should implement ASCEND, I would say just do it. The only question you’re going to have is: Why didn’t I do this sooner?

David Weems, Senior Vice President First Financial Bank

AVIDPAY SOLUTION

Easily pay bills and eliminate risk-prone processes.

Innovative Industry
Leader

Core GL and DDA Integration

Purpose-Built for Financial Institutions

Complete Workflow Automation

We’re the undisputed leader in financial automation software for banks and credit unions.

With over 28 years of experience delivering financial accounting software tools, BankTEL’s solutions are built on the company’s extensive knowledge of how financial institutions work. We partner with financial institutions just like yours to help automate manual accounts payable processes to streamline workflow and compliance, so you can improve productivity, focus on value-driven efforts, and ultimately better serve your customers.

ABOUT BANKTEL

The Financial Automation Solution Most Trusted By U.S. Financial Institutions

By far the best thing — the most time savings, the most bang for its buck — is the approval system. It’s a relief to be able to build in an approvals workflow based on our policy, and to know that you’re following protocol automatically, because it’s built into the system.

Terri VroomFirst Citizens’ Federal Credit Union

With AvidPay, I can just put in my approval processes, set the workflow up for easy approvals, and I have a record that keeps auditors happy. I can just process, upload to AvidPay, and get back to my reconciliation.

Diana MarroquinMainStreet Bank

I’ve been through the conversion process to new software before, and it’s usually a nightmare. Nothing balances and nothing works. But with ASCEND, things balanced and things worked. It was a very easy move.

Mendy CollierRegent Bank

With BankTEL, everything was more streamlined, there was better reconcilement, better functionality and better security on the user-side of things. It was a major step up for us.

Heath PrescottFarmers & Merchants Bank of South Carolina

Banks deal with accounting every part of every day. It’s a core part of the business. To be able to maneuver through the system and have the detail of records, the tracking and reporting that are available at BankTEL, was long overdue. Ascend is leagues ahead of where we were previously.

Tony AtecaSecurity Federal Bank

One thing I like about BankTEL is that they always want to know what you want and how they can make their product better. They like to listen to customers.

Lynn McKeeBankWest

Resources To Help You Create Better Payment Processes

Blog Posts
January 8, 2021

Three New Year’s Resolutions for Your Financial Institution

Three New Year’s Resolutions for Your Financial Institution As the year nears its end, most people are reflecting over the past 12 months and considering goals for the New Year.…
Blog Posts
December 14, 2020

Manage Your Bank’s Fixed Assets

Looking for a Better Way to Manage Your Bank’s Fixed Assets? Banks and credit unions are turning to automated fixed assets management to increase efficiency, save time and money, and…
Blog Posts
December 7, 2020

Top 10 Benefits of Automation

Accounts Payable in Banking: Top 10 Benefits of Automation Banks and credit unions across the country are automating accounts payable to maximize efficiencies and position their organizations for growth and…

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SALES TEAM.

Join thousands of banks and credit unions who trust us to improve their businesses—and their customers’ businesses. Sign up for a free demo today!

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