Business
NewtekOne, Inc. Launches Newtek Accounting
BOCA RATON, Fla., Nov. 29, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company” or “NewtekOne”) (NASDAQ: NEWT), announced today that it has partnered with
About this update from Newtekone, Inc.
[{"type":"text","content":"BOCA RATON, Fla., Nov. 29, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company” or “NewtekOne”) (NASDAQ: NEWT), announced today that it has partnered with 1-800Accountant (https://1800accountant.com/), America’s leading virtual accounting firm for small businesses, for NewtekOne to offer 1-800Accountant’s accounting services to NewtekOne’s independent business owner clients and referral partners via “Newtek Accounting” (newtekaccounting.com). Through Newtek Accounting, NewtekOne's clients will have access to 1-800Accountant’s suite of professional accounting services, which is powered by both a mix of technology and CPAs with an average of 17 years of experience. This product offering will enable NewtekOne to augment its already broad suite of business and finance solutions and offer its clients digital bookkeeping, personalized accounting solutions, and tax advisory services underscored by access to experts to assist them with their business’ accounting and tax needs, while simultaneously allowing them more time to focus on growing their business. Barry Sloane, Chairman, President and Chief Executive Officer commented, “We are pleased to offer digital bookkeeping, accounting, and tax advisory services through Newtek Accounting. We have partnered with 1-800Accountant because we believe that over the last decade or more, 1-800Accountant has demonstrated an efficient and high-quality capability in providing accounting solutions to independent business owners across America. We believe the NewtekOne core client -- the independent business owner – has a need for these types of services. In the near future, we will look to integrate the Newtek Accounting offering with Newtek Bank’s online banking, as well as our payment processing and payroll functionalities, which will give our business clientele, going through the Newtek Advantage®, a complete, real-time dashboard, and provide true value to our clients rather than what traditional banks provide. We view the product offerings of traditional banks for the independent business owner as primarily limited to the simple concept of taking deposits, with the client hoping they will be able to obtain a loan if they need additional capital. However, Newtek Bank is not a traditional bank. We believe that the Newtek Accounting offering is a great step to being able to deliver the ultimate b...