The modern business bank built for teams of all sizes. What if you could actually enjoy your bank? With Mercury, you will.
I have tried literally every single business bank out there over the years. Not the boring big banks with an awful banking experience (I've tried those too), I mean the modern business banks when the advent of Neo banks started to exist (think tech layer atop a traditional bank).
I first started my journey with Seed.co bank in 2016—and it was amazing. No fees, modern banking experience, integrations. It was the closest thing to Simple Bank but for business (for anyone that remembers Simple). I'll cut to the chase though, 2 years later I was greeted with this email (and no—you don't lose your money when this happens) 😅
So then the search began again, unable to settle on a traditional business bank after what I experienced with Seed. A few days after Seed announced they were closing, I came across Azlo. The promise was everything that Seed was, and more. And to that they delivered. I loved them. Over the years even built a close relationship with their product and API team—and yes, modern banks especially have proper product teams—blew my mind 🤯
Got just over a couple years out of them before they were acquired by one of their largest investors (the traditional bank they were built atop—BBVA Compass). Not a huge deal right? Wrong. They trashed all of their tech (genuinely no idea why), before ultimately selling them off a second time to PNC. I somehow just went from having a modern business bank back to having an awful, tech-challenged business bank again.
While it was a lot to go through, these 2 faithful banks got me from 2016–2021, and all I knew for certain is that banks could do better. So alas my search began again. 👋 Hello Bank Novo. They were pretty good, I used them for 6 some odd months, but was constantly frustrated with their non-standard QuickBooks Online integration, which was different from what Azlo had to offer (it didn't use the QBO bank feed, just synced over directly to chart of accounts, so all the smart auto-matching features of QBO no longer worked).
I was fed up, I missed Azlo. And then I ended my journey with Bank Novo in the tail end of 2021 after finding Mercury. They were barebones: no mobile app, basic web app, and QBO integration coming soon 👀 (I was skeptical, but gave them a shot nonetheless). Lo and behold, they managed to do everything, well, better...
Their QBO integration is top-notch, their UI/UX is the best of any bank I've used, and their feature-set is incredible. Baked in treasury accounts where you can get high-interest on the funds sitting in your account, quick spinning up of additional checking accounts, virtual and physical credit cards (still way prefer Divvy for this), streamlined bill pay. It just does everything. Incredibly well.
They are lightyears ahead of what Seed and Azlo ever were, and a completely different category than Brex (please... Don't use Brex as your business bank—they aren't in any way a proper bank...)
That said, if you're on the edge, look no further. This is the best business bank available regardless of if you're a small business or large enterprise. Don't believe me? Go check it out for yourself with their interactive demo page (I mean... how cool is that?! And why don't more companies do this??)
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There is currently no promo code for this app but we are close partners, so if you use the link above to visit the site and then let their team know that Efficient App sent you, you may just get a little something... extra 😉
There is currently no promo code for this app—we'll update it here if that changes in the future!
Get $250 when you use the link above and deposit $10,000 into your Mercury account in the first 60 days
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Rippling lets you easily manage your employees’ payroll, benefits, expenses, devices, apps & more—in one place.
Companies usually come to Rippling when they are looking for payroll. They then end up moving to HR, Cloud IT Cloud, and Finance Cloud.
They are the definition of an all-in-one tool for this category, in that they are trying to replace Gusto for Payroll, and Ramp/BILL Spend & Expense for expense management.
They are also looking to replace your time tracking software like Harvest and Toggl although when comparing it to the best time tracking software on the market, it has a lot to be desired. What they are specifically going after is the time tracking that rolls into Payroll.
While this is something that Gusto and QBO can both do, it's just not recommended as time tracking should be a function of billing/project management more than solely for payroll. Although if you feel the reverse, one of these 3 tools might be what you're looking for!
The nice thing is that that you can set up some parameters like employees can only start tracking their time if they are within a pre-set geo location, ensuring that they are indeed in the office.
They also let you go quite granular in terms of time policies, you can set them up for breaks, overtime, etc.
You're brought through an onboarding process, where you'll mark in any direct reports, which will automatically determine all of the policies for those employees.
This rolls into anything from the HR side.
They even allow you to purchase computers through them to simplify the process. It will come with all of the applications pre-installed software-wise, they will actually set up those licenses for you, e.g. Asana, Expensify, etc.
They've even gotten to the extent of building their own password manager, to compete with Dashlane, having more control over password management. They call it RPass—this is how they can have more onboarding control of giving new. So you can use something like Dashlane with Ripple, you just lose the integration of it spinning up a new account.
You can stick with Expensify or Ramp and sync over all of the expenses per employees, pulling it all in.
You need to be careful as to what this really means when it comes to expectations though
This integration is more focused on the employee expense reimbursement tracking, they very much see themselves as a competitor to Divvy, Ramp, or Expensify when it comes to the expense management and budgeting side of things.
Gusto vs Rippling, Ramp vs Rippling
LastPass: Create accounts, Destroy, and manage groups
As you grow, you'll just see more operational efficiencies by using everything within Rippling, so they are definitely building integrations just to.
Creating accounts, managing licenses, and even the ability to build custom applications.
When comparing Rippling to Gusto, they are a bit more expensive, but more flexible regarding the pricing.
As always, at the end of the fiscal quarter, many companies like this are willing to give discounts if you book in at the end of a quarter (can expect like a 30% discount). You'll be sitting in around ~$30/mo per person + $70/mo base.
You can view their SMB pricing without speaking to a representative (they hide it quite a bit).
If you pay for the subscription, there is no cost per (like running payroll), it's all inclusive.
This tool as a whole fits into the "all-in-one" category, but more in the HR
When purchasing Rippling, you're just selecting what you need, so you can start small and scale with it, although it's clear they want you to grow on their platform, getting lock-in to do everything within their platform.
They work with companies of all sizes, but they are definitely more in search for larger enterprises and to offer the entire cohesive solution.
There is currently no promo code for this app but we are close partners, so if you use the link above to visit the site and then let their team know that Efficient App sent you, you may just get a little something... extra 😉
There is currently no promo code for this app—we'll update it here if that changes in the future!
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