Thriday Launches Profit First Quick Account Setup to Boost Small Business Profitability

February 20, 2024
minutes to read
Michael Nuciforo
Table of Contents

In a groundbreaking move aimed at boosting the profitability of small businesses across Australia, Thriday is thrilled to announce the launch of its new feature: Profit First Quick Account Setup. This innovative solution comes as a result of a strategic partnership between Thriday and Profit First Professionals Australia and New Zealand, the local training and membership HQ of the global Profit First Professionals organisation.

Profit First is a revolutionary financial methodology developed by Mike Michalowicz in his number-one-selling book of the same name. Used by over 600,000 businesses worldwide, the Profit First model flips the traditional business spending model on its head. By setting up multiple bank accounts dedicated to different aspects of a business - such as owner's pay, taxes, operating expenses, and profit - entrepreneurs are encouraged to allocate a percentage of their earnings to profit before taking care of other costs. Thriday's Profit First Quick Account Setup streamlines this process, providing an effortless means to implement this game-changing strategy.

Set Up Profit First in Minutes to Achieve Financial Freedom

Small businesses are the backbone of the Australian economy, yet many struggle to achieve profitability due to poor financial management practices. Profit First provides a framework that prevents profit erosion and empowers business owners to make informed financial decisions.  

With Thriday, small businesses can create distinct bank accounts for various financial purposes in minutes. Customers just need to select the Quick Account Setup option, and all their Profit First accounts are automatically generated and ready to go - with each account having its own BSB and Account Number. From here, entrepreneurs can quickly gain visibility into their cash flow and allocate funds according to their target allocations.

Michael Nuciforo, CEO of Thriday, commented, "We understand the challenges that small business owners face when it comes to managing their finances effectively. With our Profit First Quick Account Setup, we are paving the way for businesses to embrace profitability as a fundamental goal right from the start."

Collaboration with Profit First Professionals Australia and New Zealand

Thriday's commitment to fostering financial prosperity for small businesses is underscored by its collaboration with Profit First Professionals Australia and New Zealand. As part of this partnership, Thriday is now equipped to provide unparalleled support to businesses in these regions, helping them navigate the intricacies of the Profit First methodology.

Laura Elkaslassy, the CEO of Profit First Professionals Australia and New Zealand, shared her enthusiasm for the collaboration: "At Profit First Professionals, our mission is to transform businesses' financial realities. We are excited to work with Thriday to empower more entrepreneurs with the tools they need to achieve lasting profitability."

Thousands of Businesses Benefiting from Thriday's Comprehensive Solution

Thriday has rapidly emerged as a game-changer in the realm of business finance. With thousands of satisfied customers already leveraging Thriday's automated banking, accounting, and tax capabilities, the addition of Profit First Quick Account Setup further solidifies Thriday's commitment to simplifying financial management for businesses of all sizes.

Thriday's Profit First Quick Account Setup is poised to transform the financial landscape for small businesses across Australia and New Zealand. By providing an accessible, user-friendly way to implement the Profit First methodology, Thriday is setting the stage for sustainable growth and profitability. This launch signifies a significant milestone in the journey towards empowering entrepreneurs to make their profits a priority.

As we move forward, Thriday remains committed to developing innovative solutions that enable businesses to thrive financially. With the Profit First Quick Account Setup as the first step of many, Thriday is steadfast in its mission to revolutionise financial management for businesses, one account at a time.

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About Thriday  

Thriday is an all-in-one financial management platform that uses artificial intelligence to automate banking, accounting, and tax.

About Profit First Professionals Australia and New Zealand

Profit First Professionals is an exclusive global membership organisation of business and financial professionals who are certified in the Profit First methodology to help their clients build highly profitable businesses. PFPANZ is the training, membership and networking hub for Profit First Professionals from Australia and New Zealand.

DISCLAIMER: Team Thrive Pty Ltd ABN 15 637 676 496 (Thriday) is an authorised representative (No.1297601) of Regional Australia Bank ABN 21 087 650 360  AFSL 241167 (Regional Australia Bank).  Regional Australia Bank is the issuer of the transaction account and debit card available through Thriday. Any information provided by Thriday is general in nature and does not take into account your personal situation. You should consider whether Thriday is appropriate for you.

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