Lili is an all-in-one financial platform tailored for small business owners, combining business banking, accounting, invoicing, and tax preparation into a single, user-friendly interface. Designed to simplify financial management, Lili empowers entrepreneurs to focus on growing their businesses with confidence.
Key Features and Functionality:
- Business Banking: Offers a business checking account with a Lili Visa® Debit Card, no hidden fees, and no minimum balance requirements.
- Accounting Tools: Provides smart bookkeeping with instant transaction categorization, automated reports, and seamless integration with platforms like QuickBooks and Xero.
- Tax Preparation: Automates tax savings by setting aside funds with each payment received and generates pre-filled tax forms to streamline the filing process.
- Invoicing Software: Enables the creation and sending of professional invoices, tracking payments, and sending reminders, all within the platform.
- Savings Account: Offers a high-yield savings account with an Annual Percentage Yield of up to 3.00%, helping businesses grow their savings efficiently.
- Credit-Building Program: Provides tools to build and monitor business credit profiles, including a secured credit card and real-time alerts, in collaboration with Dun & Bradstreet.
Primary Value and Solutions:
Lili addresses the unique financial challenges faced by small business owners by integrating essential financial services into one cohesive platform. This integration eliminates the need for multiple tools, reducing complexity and saving time. By offering features like automated tax savings, real-time expense tracking, and seamless invoicing, Lili helps entrepreneurs maintain financial clarity and compliance, ultimately supporting business growth and stability.