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Crescent Reviews & Product Details

Crescent is a modern business banking platform that helps companies make the most of their money. With industry-leading FDIC protection*, high-yield checking on all balances*, and intuitive tools for payments, cards, and cash management, Crescent combines the security of a bank with the flexibility of financial software—so businesses can simplify operations, safeguard funds, and earn more on every dollar. ---- *See full disclosures at https://www.getcrescent.com/ Crescent Financial Inc. is a financial technology company, not an FDIC-insured depository institution. Banking services are provided Grasshopper Bank, N.A., Members FDIC.

Seller

Crescent

Languages Supported

English

Product Description

Crescent is a modern financial technology platform designed to optimize business banking by offering high-yield checking accounts with competitive interest rates and extensive FDIC insurance coverage. It provides businesses with a secure and efficient way to manage their finances, ensuring both growth and protection of their funds. Key Features and Functionality: - High-Yield Checking Accounts: Earn up to 3.75% annual percentage yield (APY on deposits, significantly higher than traditional business accounts. - Enhanced FDIC Insurance: Access to millions in aggregate FDIC insurance across a network of partner banks, ensuring the safety of your funds. - Flexible Payment Options: Facilitate transactions through various methods, including Real-Time Payments (RTP, same-day ACH, wire transfers, and checks, catering to diverse business needs. - No Monthly Service Charges: Enjoy the benefits of high-yield banking without the burden of monthly fees, making it cost-effective for businesses of all sizes. - User-Friendly Financial Controls: Implement simple yet powerful finance controls to manage and monitor your business's financial activities effectively. Primary Value and Solutions Provided: Crescent addresses the common challenges businesses face in managing idle cash by offering a solution that combines high-interest earnings with robust security measures. By providing competitive yields and extensive FDIC insurance, Crescent enables businesses to maximize their financial growth while ensuring the safety of their funds. The platform's flexible payment options and absence of monthly service charges further enhance its appeal, offering a comprehensive and cost-effective banking solution tailored to modern business needs.

Overview by

Landon Mattison

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Crescent Media

Crescent Demo - Crescent Dashboard Home Screen

Our all-in-one finance platform helps businesses simplify their finance operations to manage banking, payments, cards, and more all from one centralized portal.

Crescent Reviews (7)

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Verified User in Information Technology and Services

Mid-Market (51-1000 emp.)

10/11/2024

"Ease of Integration"

4.5/5

What do you like best about Crescent?

I think it is really nice that Crescent emphasizes transparency in its operations, and provide clear information about how funds are managed and invested. Also the platform is designed to integrate seamlessly with existing business banking operations, making it easy to manage cash flow and maximize returns. Review collected by and hosted on G2.com.

What do you dislike about Crescent?

I know a few of my friends who are users have mentioned that customer support could be more responsive and helpful, especially when dealing with specific issues or concerns. Review collected by and hosted on G2.com.

Rachit J.

Senior Software Developer

Financial Services

Enterprise (> 1000 emp.)

9/28/2023

"Patiently Solved all my Queries"

4.5/5

What do you like best about Crescent?

The team at Crescent is truly exceptional and always ready to assist.Im eager to witness the platforms expansion and the introduction of investment options. Review collected by and hosted on G2.com.

What do you dislike about Crescent?

Crescent falls short is in providing visibility into the high-yield opportunities it offers across various asset classes. Review collected by and hosted on G2.com.

Ricky D.

President

Small-Business (50 or fewer emp.)

12/29/2022

"Crescent is easy to implement, and earns us returns on otherwise idle money."

5/5

What do you like best about Crescent?

Using Crescent gives us access to high yield opportunities we wouldn’t otherwise have access to — and their dashboard gives us visibility to monitor our cash position holistically without logging into numerous other banking accounts. Review collected by and hosted on G2.com.

What do you dislike about Crescent?

Not much. The team was helpful in answering our questions during onboarding and were available to answer my calls quickly — expecting that process to get even faster as they continue to refine it. Review collected by and hosted on G2.com.

What problems is Crescent solving and how is that benefiting you?

Crescent gives us a safe haven for cash as we work through the layers of payout with our subcontractors and vendors. We want to give our subcontractors flexibility of payment, so we in turn need to be flexible with our liquidity of funds…we need to be able to pull out cash quickly, and we can do that with Crescent while earning impressive yields whenever we don’t need funds.

We also like the variety of yield opportunities Crescent offers — we can create a ladder effect with yield options that we can cash out immediately as well as options we’re investing in for a later date that we don’t plan on touching in the near future. The extra income earned gives us a safety net when things like supply chains, design changes or even weather create obstacles in our flow of funds. Review collected by and hosted on G2.com.

Jake C.

CEO

Small-Business (50 or fewer emp.)

11/30/2022

"Awesome Platform for Idle Cash"

5/5

What do you like best about Crescent?

I really like the fact that I can park my extra money in Crescent and withdraw at any given time without any issues or fees. As a business owner, I always set money aside for taxes. Crescent allows me to earn a high yield (FDIC-insured) on this cash that I'm setting aside for taxes (you could kind of say this reduces how much I pay on taxes).

Overall I feel that my money is in safe hands earning a decent (but reliable) yield. Review collected by and hosted on G2.com.

What do you dislike about Crescent?

Whenever there were issues getting me onboarded or with my account the Crescent team was quick to fix them and make sure that my concerns were addressed. Not only that, I had a lot of questions in the beginning and the team was happy to answer all of them! Review collected by and hosted on G2.com.

Boyd O.

CEO

Small-Business (50 or fewer emp.)

10/21/2022

"Easy-to-use treasury management tool with impressive yields"

5/5

What do you like best about Crescent?

With Crescent, it’s easy to make sure your company’s capital is working for you. Not only do we benefit from the yields they get us access to, but having all of our accounts plugged into one dashboard saves us time and gives us a good idea of where we’re at financially as a company. Crescent gives my finance team the bandwidth to focus on larger strategic initiatives that move our company forward. Review collected by and hosted on G2.com.

What do you dislike about Crescent?

We’ve been satisfied with our use of the product thus far. Excited to see them continue to grow the platform and offer even more yield options. As they grow, the ease of loading funds will improve. Review collected by and hosted on G2.com.

What problems is Crescent solving and how is that benefiting you?

Since working with Crescent it’s become clear that idle business capital, kept on hand for whatever strategic reason, is one of the most overlooked assets we have at our disposal. Our finance team hasn’t historically had time to focus on opening new high-yield accounts each year, and what options we’ve briefly looked into weren’t competitive enough to move the needle. Crescent gives our company access to highyield opportunities across multiple asset classes.

We use the extra capital earned with Crescent to spur additional growth, with a lot of our earnings from our treasury going right back into the business to fund sales, support, and marketing budgets. Review collected by and hosted on G2.com.

Kimberly K.

People Resource Representative

Mid-Market (51-1000 emp.)

1/3/2023

"Excellent customer service"

4.5/5

What do you like best about Crescent?

I appreciated the helpful customer service when I had questions. This is so rare these days. Review collected by and hosted on G2.com.

What do you dislike about Crescent?

Sometimes my browser freezes but I'm not sure if this is our internet service or the program. Review collected by and hosted on G2.com.

marcus k.

Owner

10/12/2022

"Best saving account ever!"

5/5

What do you like best about Crescent?

Crescent is the easiest way to put idle cash to work. I also like that crescent brings several yield options into on platform. Review collected by and hosted on G2.com.

What do you dislike about Crescent?

Crescent has a great start to many more things I believe this team will come up with. Review collected by and hosted on G2.com.