The numbers and insights you need to manage your business – anytime, anywhere
Monit is a mobile-friendly financial assistant that's complimentary for Eastern Bank business customers. It securely connects to accounting software to give you clear, actionable views of numbers that matter most, forecast the impacts of decisions/events on cash flow, and offer personalized insights. Try it today and be up and running in as little as 10 minutes.
Monit is a unique, complimentary benefit of banking with Eastern Bank. Non-customers can try it for three months (our gift to you)!1
Why customers are using Monit
24/7 access to key metrics
View your current business financials and cash flow forecasts. Anytime, anywhere.
- Cash on hand
- Revenue & profit
- Accounts receivable & payable
Personalized insights & recommendations
Get smart insights to help you make more informed decisions based on your own business and industry.
- Profit enhancements
- Expense optimization
- Investment and line of credit timing
See impact of future decisions on cash flow
Easy tools that simply model the impact of different events to help you make better business decisions.
- Staffing changes such as new hires
- Expense decreases and/or increases
- Revenue gains and losses
Real-time Paycheck Protection Program (PPP) Forgiveness Optimizer
A PPP calculator that helps you project and optimize forgiveness. Review and tune your custom impact model.
Top Frequently Asked Questions
What is the value of Monit?
Monit is complimentary to Eastern Bank customers. Similar tools considered comparable to Monit tend to cost business owners an average of more or less than $1000 per year.
What accounting packages are compatible with Monit?
Monit is compatible with QuickBooks Online™, QuickBooks Desktop™ and Xero.
What types of businesses is Monit helpful for?
A range of businesses use Monit, from smaller, new businesses with less than 6 months of accounting data and $100K in revenue, to larger firms with up to $10M in revenue.
What about security? Who has access to my data?
Insights are protected using secure technology practices. As a Monit user, Eastern Bank does not have access to your business financial information. However, Monit may ask if you want to share certain financial information about your business with your banker to discuss lending options.
Still have questions?