Hey there, it’s Abby Johnson from Matterhorn Business Development, and I’m thrilled to share an exciting revelation with you today. We’re diving into Relay, the official banking platform for Profit First. As a certified Profit First Professional, I understand the challenges business owners face when trying to set up their foundational five accounts. Traditional banks often make this process a hassle with fees and limited understanding of Profit First. But Relay is here to change the game for all of us, and I can’t wait to tell you all about it.
The Relay Advantage: Banking Made Profitable
Relay is not your ordinary banking platform. It’s a comprehensive online banking and money management platform that has been designed with Profit First in mind. Most traditional banks and banking platforms don’t quite grasp the nuances of Profit First, leaving business owners frustrated. But Relay has got your back. Here’s why it’s a game-changer.
1. Multiple Bank Accounts, No Fees
One of the foundational principles of Profit First is the division of your money into different accounts. Relay understands this perfectly and allows you to open up to 20 business bank accounts for free. Yes, you heard that right, no fees! Unlike some other banks that offer envelope-style accounts, Relay provides you with actual individual bank accounts. This separation of funds is crucial for the Profit First system to work effectively. With Relay, you won’t have to worry about fees eating into your profits.
2. Virtual Cards for Ultimate Control
Relay takes banking convenience to the next level by offering not just physical cards but also virtual cards. These virtual cards are a fantastic tool for managing expenses. You can create virtual cards for specific purposes like a renovation project or marketing expenses. What’s great is that you can easily control spending limits, and if a subscription price increases unexpectedly, Relay won’t let the charge through, alerting you instantly. It’s a savvy way to stay on top of your expenses and maintain profitability.
3. Effortless Bill Payments
Relay’s bill payment interface is a breath of fresh air. It’s user-friendly and streamlined, making it easy to pay your bills. But what sets it apart is the ability to make ACH and wire payments right from the platform. No need to visit a physical branch, which can be a hassle, especially if you’re out of state. Relay simplifies the payment process, ensuring you can manage your finances from anywhere.
4. Secure Team Access
One of the standout features of Relay is the ability to add team members with different levels of access. Traditional banks often lack this essential security feature, forcing business owners to share their login information, which can be risky. Relay allows you to grant specific permissions to team members, such as bill payers, cardholders, or read-only access. This way, you can maintain control over your accounts while delegating responsibilities safely.
5. Automated Profit First Transfers
This is where Relay truly shines in supporting Profit First. Relay offers a unique feature called Auto Transfer Rules, designed specifically for Profit First users. You can customize your transfers based on your Profit First plan, setting frequencies, amounts, and percentages for each account. This automation saves you time and ensures your Profit First allocations are on point. Plus, it’s incredibly user-friendly.
Making Profit First Easier with Relay
Relay deserves praise for its dedication to making the Profit First implementation process as simple as possible. Whether you’re just starting or have been using Profit First for a while, Relay offers flexibility and convenience. While I recommend starting with manual transfers to understand the system, Relay’s Auto Transfer Rules become invaluable as your business grows. It’s a remarkable tool for busy business owners who want to prioritize profitability.
Conclusion: Unlock Profitability with Relay
Relay is a game-changing banking platform, especially for business owners implementing Profit First. With its multiple free bank accounts, virtual cards, easy bill payments, secure team access, and automated Profit First transfers, Relay is set to revolutionize the way you manage your business finances. Say goodbye to the frustrations of traditional banks and embrace a platform that truly understands Profit First.
So, if you’re ready to take your Profit First journey to the next level, consider switching to Relay. It’s time to simplify your finances, boost your profitability, and take control of your business’s financial future.
Click here to get Relay today!
How We Can Help
Click here to learn how our team can help you implement Profit First. Complete a quick application on the site to get started on your journey towards success. See you there!
About Abby Johnson
Abby Johnson, is Matterhorn Business Development’s Chief Mentor, resident organizational genius and Certified Profit First Professional, helping our clients grow and organize their businesses. With a passion for empowering businesses to thrive and extensive experience in helping clients grow their revenue and manage their finances profitability, she’s committed to making a positive impact on your business.