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IAMI, September 19, 2023 — Novo, the powerfully simple® financial solutions platform for small businesses, today announced a range of new capabilities for Novo Invoices, the company’s free invoicing application.
“Small business owners want to focus on their customers, not working in the back office,” said Brad Paterson, EVP of Marketing and Partnerships at Novo. “The capabilities we’re announcing today and continue to build across the Novo platform will help small businesses spend less time on administrative tasks, and more time on activities that will help them thrive.”
Novo Invoices have been completely redesigned, offering a fresh and modern user interface that enhances the tool’s overall experience. With this new design, Novo is also launching a range of new features, including:
- Invoice reconciliation: Customers can link invoices to specific transactions, allowing them to mark invoices as paid, which simplifies bookkeeping and tracking.
- Scheduling: Customers can schedule invoices for future dates, ensuring timely delivery to their clients.
- Line-items library: Customers can save frequently used line items to their items library, streamlining the invoicing process and eliminating repetitive data entry.
- Attachments and descriptions: Customers can easily attach relevant documents or supporting files to their invoices, providing clarity and transparency to their clients. Customers also have the ability to include more detailed descriptions on their invoices, allowing them to provide clear information to their clients regarding the purpose of the invoice.
“In less than two years since launch, Novo customers have received more than half a billion dollars of payments via Novo Invoices, making it one of the most popular applications on our platform,” said Roger Liu, Director of Product at Novo. “We’ve been thrilled with small business owners’ adoption of Invoices, and we’ve used the feedback they’ve provided us to make getting paid via Invoices even simpler and faster.”
Novo is announcing new Novo Invoices capabilities at a time when the company is pursuing a number of initiatives to help small businesses improve their cash flow. In 2023, Novo announced Novo Funding, offering small businesses a fast and flexible way to access working capital. Novo also recently launched a new small business debit card with a range of capabilities for transaction monitoring, and completed a Gusto integration for embedded payroll visibility.
To learn more about Novo Invoices, visit https://www.novo.co/invoices.
Novo Platform, Inc. (“Novo”) is the powerfully simple financial platform for small businesses. To learn more, visit www.novo.co.
Novo is a fintech, and not a bank. Novo acts as a service provider to Middlesex Federal Savings, F.A., and the deposit and banking products obtained through the Novo platform are provided by Middlesex Federal Savings, F.A.
Middlesex Federal Savings, F.A. is a federal savings bank and an FDIC-insured depository institution (FDIC Certificate 28368). Deposits made at Middlesex Federal Savings, F.A. through the Novo platform receive FDIC insurance protection on a pass-through basis up to the applicable legal limit. When determining the amount of your deposits covered by FDIC insurance, please note all deposits you make through the Novo platform will be aggregated with all deposit accounts of the same ownership and/or vesting held at Middlesex Federal Savings, F.A. and Middlesex Federal Savings, F.A. brands. Additional information regarding FDIC insurance coverage is available at www.fdic.gov.
Merchant Cash Advance products and services are offered by Novo Funding LLC (“Novo Funding”), a wholly owned subsidiary of Novo. Merchant Cash Advances require a Novo checking account.
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