Saturday, March 3, 2012

Small Businesses Keep Score with Reporting Tools.(Technology)

Byline: John Adams

Much the way personal financial management has changed retail online banking by providing the newly budget-conscious consumer with a portal to fiscal transparency, banks are betting the mix of analysis and peer comparisons will prove just as sticky in the small-business market.

U.S. Bancorp is rolling out ScoreBoard, an online reporting tool that lets businesses monitor their spending and compare card sales data to other firms.

"If you're a restaurant, for example, and going through the economic crisis, you can look at other business like yours and see month-to-month data to figure out if you're doing better than your peers," said Robert …

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