Almost by definition, Canadian small business owners are expert multi-taskers. They need to be proficient in so many areas: operations, sales, finance, employee relations,

technicals … the list goes on.

Yet, for all their skills and savvy, many of the country’s small business operators are not optimizing the available online efficiencies. To enhance the productivity of small business, RBC is providing user friendly online banking tools to help busy entrepreneurs grow their companies.

“We understand that small business owners are time starved and we want to provide online business banking solutions that allow them to re-focus their time on what matters – running their business,” explains Neil McLaughlin, executive VP, Business Financial Services, RBC.

“Through online business banking, owners have access to a number of options to manage payments and cash flow.” They can:

• View Canadian and U.S. business accounts on one page to check balances and transactions for Canadian and/or U.S. dollar accounts and business credit card accounts.

• Transfer funds between accounts, including foreign exchange between Canadian and U.S. currency accounts.

• Send funds to anyone holding an account with a Canadian financial institution through an Interac eTransfer (for example, pay staff wages).

• Make electronic payments to employees, vendors and others at any financial institution in Canada using the Pay Employees and Vendors service.

• Meanwhile, RBC’s Online Tax Filing Service allows business clients to file taxes and make GST/HST payments and payroll source deduction remittances 24 hours a day, seven days a week.

“In addition, online banking offers business owners mobility and convenience to do their banking 24 hours a day from any location,” McLaughlin says.

By the way, this user-friendly online banking platform works like a dream. Just ask satisfied customer Chris Johnson of Winnipeg, co-founder of Permission Click, an application that creates digital permission slips and facilitates payment collection for schools.

“Our company has been with RBC since we started,” Johnson says. “We think of the bank as a partner. RBC has been very pro-active, trying to help us to grow. RBC’s Online Banking Solutions has enabled us to run a paperless office that correlates 100 per cent with our corporate goals.”

A great place to learn more about online banking Solutions is this RBC site: Feel free to arrange a meeting at your local branch via the “book an appointment” link. Or simply pop into your favourite RBC branch any business day and speak to an account manager.

Neil McLaughlin, executive VP, Business Financial Services, RBC