HoneyBook, the leading client relationship management (CRM) platform for independent businesses, announced the launch of HoneyBook Finance, a comprehensive and integrated suite of financial tools designed to help entrepreneurs manage their money where they manage their business. The suite includes the HoneyBook business checking account1, HoneyBook Visa business debit card, payments, and cashflow management and savings tools, empowering independent business owners to earn, spend, save, and monitor their finances all in one place.
“Independent business owners wear many hats, and financial management is often the most daunting”
“With HoneyBook Finance, we’re not just giving independent business owners the tools to manage their money—we’re enhancing their financial confidence by offering an intuitive, comprehensive platform to gain visibility into their business health,” said Oz Alon, Co-Founder & CEO at HoneyBook. “We’ve tailored these tools and integrated them into our robust CRM to empower users with control, clear insights, quick access to funds, and automatic savings features, all while addressing the real challenges our members face in managing their finances.”
Read More: SalesTechStar Interview with Christina Brady, CEO of Luster AI
According to a recent HoneyBook survey2, 46% of independent business owners expressed concerns about macroeconomic challenges, such as inflation, and managing a financial crisis—underscoring the financial uncertainty many face . With HoneyBook’s financial management tools, nearly 70% reported a significant boost in financial confidence, demonstrating that HoneyBook Finance effectively equips entrepreneurs with the resources and financial education to manage their business finances seamlessly without leaving their CRM platform. Key features of HoneyBook Finance include:
- Faster Access to Funds: HoneyBook enables instant3 client payment deposits at no extra charge, ensuring immediate access to earned funds.
- Automated Savings Buckets & Expense Tracking: Make purchases with the HoneyBook Visa business debit card, featuring real-time expense tracking, while automatically allocating a percentage of each client payment to designated savings categories, such as taxes, new equipment, or personal bonuses.
- Comprehensive Financial Overview: Access a complete financial dashboard displaying revenue, expenses, and account balances, providing data-driven insights for better business planning and integrating with your other financial tools such as QuickBooks.
Read More: Beyond the Sale: Three Game-Changing Tips from a Chief Revenue Officer
HoneyBook has processed over $11 billion in transactions, served 25 million clients, and supported over 7 million invoices for 100,000+ independent businesses. This expanded set of financial tools simplifies managing business finances, while addressing users’ core needs for an intuitive financial management software that gives them a clear picture into their business health.
“Independent business owners wear many hats, and financial management is often the most daunting,” added Diana Wei Fang, Founder & Owner of The Finer Points. “HoneyBook Finance aims to address these challenges head-on by offering tools that not only make financial management easier but also help me scale my business with confidence.”
