BankTEL Systems

BankTEL Systems help financial institutions manage their expenses with easy-to-use software. The job it does: recording transactions, reconciling banks and producing financial statements.

Who is it for? Mostly small businesses and their accountants. They also list Accounting, Banking and Financial Services, so expect those to show up in the feature set. As a small product team themselves (11 to 50 people), they tend to serve customers of a similar scale best. You will probably talk to the people who build it, which is great until you need 24/7 support.

BankTEL Systems is based in Columbus, Mississippi. More on banktel.com.

Our checklist for this category: bank feeds, multi-entity support, and accountant access. Ask for a trial on your own data, not a canned demo.

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