Track Your Financial Transactions with Corporate Banking15 min read

Track Your Financial Transactions with Corporate Banking15 min read

Corporate banking is now a crucial need for businesses to develop within online banking. Running a business comes with many financial moving parts. From invoices and customer payments to vendor bills and payroll, there are countless transactions occurring every month. While managing corporate banking needs, it’s easy for business owners to lose sight of the big picture if they aren’t careful. Having full visibility and control over your business finances is crucial for success.

Thankfully, digital corporate banking platforms like The Kingdom Bank make it simple to stay on top of transactions. With built-in accounting tools and powerful business banking features, you can easily track every financial interaction from one integrated system. This allows you to make smarter decisions, catch issues early, and scale your business efficiently.

In this article, we’ll explore how The Kingdom Bank’s services allow you to easily manage and organize all of your business transactions through a single online corporate bank account. We’ll also cover some of the additional benefits of corporate banking for advanced payment processing and international operations. By the end, you’ll understand why The Kingdom Bank is the premier choice for businesses needing a transparent way to monitor funds flow.

What Digital Banking Transactions Can Be Done with Corporate Banking?

The first thing to understand about The Kingdom Bank’s corporate banking is the wide range of transaction types that can be handled through a single account. Whether you need to process domestic or cross-border payments, handle vendor settlements, or track income and expenses, everything flows seamlessly through one integrated system.

Some of the key transactions supported include:

• Business Banking – Process payroll, pay bills, and transfer funds between business and personal accounts with ease. Advanced security features like two-factor authentication ensures your information and money stay protected.
• B2B Payments – Send and receive domestic and international wire transfers to other businesses or corporate bank accounts. The Kingdom Bank coordinates seamlessly with SWIFT for cross-border payment networks.
• B2C Payments – Accept online credit card payments, ACH transfers, and direct debit transactions from consumers globally. Funds are deposited directly into your business account.
• Expense Tracking – Attach receipts to transactions for automatic expense categorization. Run spending reports by tag, date range, and more for tax purposes and financial planning.
• Online Banking – Check balances, view statements, and manage permissions from any device securely. Account alerts keep you notified of activity so you can spot issues immediately.
• Statement Export – Download transaction histories in popular formats (CSV, QBO, Xero, etc.) to easily share financial records with external accounting teams or advisors.

This full-service digital banking environment gives you a holistic view of cash flow while streamlining bookkeeping tasks. All the tools needed to thrive in today’s global business landscape are right at your fingertips.

Can B2C Payments be Made with a Corporate Banking Account?

One common misconception about corporate bank accounts is that they can only process business-to-business (B2B) transactions like payments between vendors or other companies. However, many corporate accounts today also allow businesses to accept payments directly from consumers through integrated payment processing options.

At The Kingdom Bank, you have the ability to accept online credit and debit card payments from customers globally through our digital platform. New tools make it simple to embed customized payment widgets on your website or invoice templates. Customers can then seamlessly pay invoices through a tokenized connection to major card networks like Visa, MasterCard, and American Express.

Funds are deposited directly into your business bank account within 1-3 business days, minus a small processing fee. Built-in fraud prevention tools like address verification and 3D Secure ensure payments undergo security checks before authorization. You also gain access to reports breaking down sales by card type, value, geographic location, and more—giving valuable business intelligence.

Some additional consumer-facing features include:

• Direct links in email receipts for fast, frictionless checkout experiences
• Flexible payment terms including installment plans and recurring billing
• Multi-currency and international payments through a single integrated system
• Integrations with popular e-commerce platforms and POS systems

So while corporate accounts are often used predominantly for B2B workflows, the ability to also accept consumer credit card payments makes them versatile financial backbones for companies interacting directly with customers too. It’s easy to remain active in both worlds through The Kingdom Bank.

Corporate Banking Account to Thrive in B2B

Managing business-to-business (B2B) transactions is crucial for any company operating in a multi-vendor environment. However, manual processes like paper checks, bank wires, and disjointed expense tracking can create inefficiencies that drag your bottom line over time. The Kingdom Bank’s full-featured corporate banking platform streamlines B2B interactions through a centralized digital system.

Some key benefits for thriving in B2B include:

• Send and receive automated bank transfers to other corporate accounts through the global SWIFT network.
• Pay international suppliers and collect payments across borders with ease using multiple currency wallets.
• Issue digital vendor invoices and directly deposit and receive payments without manual reconciliation.
• Set up customizable vendor profiles to manage preferences for billing, payment methods, and scheduled payments.
• Attach purchase orders, receipts, and custom tags to every transaction for automatic bookkeeping and reporting by cost center or project.
• Gain deep analytics on vendor spending through customizable reports on past due invoices, spending by category, early payment discounts, and more.
• Control internal workflows by setting financial permissions and payment approval rules for vendor settlements.

By digitizing every aspect of the procure-to-pay cycle, The Kingdom Bank eliminates the ongoing costs of paper-based inefficiencies. Businesses gain the control, agility, and spend visibility needed to better manage cash flow and vendor relationships in today’s competitive B2B landscape.

Which Online Bank Allows Payments with a Corporate Banking Account?

When searching for a dependable online banking solution with advanced payment capabilities, businesses need look no further than The Kingdom Bank. As a fully digital corporate bank, The Kingdom Bank allows businesses to not only track and manage transactions but also accept and disburse payments through a single powerful platform.

Some key reasons to choose The Kingdom Bank include:

• Global payment acceptance including credit cards, online transfers, direct debits, and bank wires across borders
• Invoicing tools to send custom invoices and link to online payment buttons for fast customer checkout
• Multi-currency accounts in USD, EUR, GBP, and more to simplify international money movement
• Powerful APIs for native integration into 3rd party billing, POS, and accounting systems
• Segregated business and personal accounts with advanced security features like two-factor authentication
• 24/7 customer support for any payment or technical issues
• Streamlined tax reporting through direct downloads into accounting formats

While many online banks offer business accounts, The Kingdom Bank stands above the rest through its all-in-one banking and payments ecosystem. By digitizing every financial operation, they give growing companies the flexibility, control and insights needed to scale globally. Payment acceptance, tracking funds flow, compliance—it’s all handled through one seamless interface.

For any business transacting online, accepting payments internationally or managing cross-border suppliers, The Kingdom Bank delivers a future-proof corporate banking solution that powers expansion from day one.

The Best Bank to Open a Corporate Banking Account

When establishing your company’s financial infrastructure, the choice of bank you partner with will impact operations for years ahead. That’s why it’s important to select a solutions-oriented partner built specifically for growing businesses—and few can compete with The Kingdom Bank in the corporate banking space.

Some key reasons to use The Kingdom Bank include:

• Robust online portal optimized for businesses of any size with payment, tracking and invoicing tools
• Intuitive mobile apps to manage banking on-the-go from any smartphone or tablet
• Global reach with multi-currency accounts, payment, and bank wire capabilities
• Industry-leading security with bank-grade encryption, two-factor authentication and fraud protection
• Dedicated business banking customer support staff available by phone and email
• No monthly service fees or minimum balance requirements
• Fast, easy account opening process with online application and dedicated onboarding specialist
• Integrated accounting features reduce costs of expensive third-party bookkeeping services

By providing full-service digital corporate banking solutions, The Kingdom Bank caters specifically to the admin and operational needs of growing businesses. Our modern, globally-integrated platform supports advanced local and international payments plus robust organizational oversight—giving entrepreneurs exactly what they need to focus on new frontiers of growth.

Whether you’re an established SMB or just getting started, The Kingdom Bank gives businesses online banking that scales without compromise on features or service quality every step of the way. Open a corporate account today and watch your possibilities expand.

Having complete visibility and control over finances is paramount for business success in today’s climate. By consolidating all transactions, payments, bookkeeping and spending analytics into one integrated digital banking platform, The Kingdom Bank empowers businesses of all sizes to thrive. Our intuitive tools, global network access and dedicated service model provide a seamless experience that saves both time and money compared to traditional banking options.