American Express Adds External Accounts Integration to Digital Cash Flow Management Hub

American Express has added external accounts integration to its digital cash flow management hub, American Express Business Blueprint.

This is one of several new updates and enhancements added to the hub, aimed at helping small business card members gain a better understanding of their cash flow trends and manage their finances more efficiently, the company said in a Tuesday (Sept. 26) press release.

These new features provide a seamless and integrated digital experience for business card members, including external account integration, comprehensive data analytics, personalized insights and notifications, expedited payments and advanced planning options, according to the release.

One of the key updates is the integration of external bank and card accounts to Business Blueprint, giving small business owners an aggregated and enhanced view of their business cash flow, the release said. With another update, business card members receive expense alerts on their online dashboard, helping them better manage their cash flow.

In addition to the updates to Business Blueprint, American Express is also introducing improvements to its first proprietary checking product for businesses, American Express Business Checking, per the release. These enhancements aim to support ongoing cash flow management for small businesses.

Customers can now enjoy an improved mobile check deposit experience, with most deposits made available by the next business day, according to the press release. They also have the option to schedule recurring and future-date payments, up to one year in advance.

American Express Business Blueprint, launched in January 2023, is one of the latest services available to business card members, the release said. It provides cash flow insights, dynamic forward-looking balance projections, digital financial products, and an easy way to reach and manage American Express Business Cards. Some of the products available via Business Blueprint include American Express Business Checking and American Express Business Line of Credit.

Businesses are always looking for an edge, particularly in an environment like today’s, which is full of operational challenges and uncontrollable macroeconomic frictions, Brett Sussman, vice president of American Express Business Blueprint and Banking, told PYMNTS in an interview posted in July.

Solving for legacy AP frictions by automating processes and taking steps to limit manual data entry can help firms more deftly navigate the realities of working capital management, Sussman said.