Relay and Profit First Professionals are joining forces. As a result of their partnership, Relay will become the official banking platform for Profit First, a network of certified coaches and trainers who work with business owners to help them implement the Profit First system into their operations.
In addition, Relay, a business banking platform that gives business owners clarity into what they are earning, spending and saving, is launching auto-transfer rules—a feature that allows businesses to automate the Profit First cash management system.
Profit First is a behavioral-based cash management system that enables you to run your business out of your bank and become permanently profitable. The system teaches entrepreneurs to allocate their income into different checking accounts, including Profit, Owner's Pay, Taxes and Operating Expenses, so they can better manage their cash flow and ensure long-term profitability.
The partnership is a perfect match, as Relay will business owners to open multiple no-fee checking accounts, make percentage-based transfers, and, starting now, automate Profit First allocations.
"The day someone opens a Relay account and sets up Profit First is the day they become immediately profitable,” says Mike Michalowicz, author of Profit First and co-founder of Profit First Professionals.
Relay co-founder and CEO Yoseph West says that 3,000-plus Profit First users already depend on Relay for banking. "It has because Relay makes it easy to put the Profit First method into action—and stick with it.""
In addition to launching new features, Relay also is becoming a Profit First Certified firm to serve business owners more deeply. Ron Saharyan, co-founder of Profit First Professionals, says Profit First Professionals should use Relay for banking because it is the gold standard. "Relay will help them succeed and help their customers succeed as well.”
Business owners who want to implement Profit First with Relay can get started 100% online and open multiple real checking accounts without any account fees or minimum balances.
For business owners looking to work with a Certified Profit First Professional (PFP) to implement a cash management strategy, they can find a certified PFP HERE. Accountants and bookkeepers who are interested in becoming a Certified Profit First Professional can learn more HERE.
Disclaimer: Relay is a financial technology company, not a bank. Banking services and FDIC insurance provided by Thread Bank; Member FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
— Only Certified Profit First Professionals are authorized to sell Profit First services.
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