BILL Partners with BMO to Help Businesses Digitize and Streamline Payments
Partnership offers payment automation capabilities and helps BMO banking customers make real financial progress
BMO Bill Connect , the cloud-based platform gives customers more visibility and control over their financial operations. It offers end-to-end accounts payable and accounts receivable services and is specifically developed to work with industry-leading accounting software, including QuickBooks and Xero. It streamlines the accounts payable process, enables electronic payments, and improves the accounts receivable process by offering invoice and payment tracking capabilities as well as the ability to accept payments.
“Small businesses need real-time insight into their finances to save them time, have greater visibility and control over their cash flow,” said
Key benefits of BMO Bill Connect include:
- Increased Efficiency: Small businesses can get paid and pay bills faster by automating payments, digitizing invoices and eliminating check writing, signing, stuffing envelopes and mailing. Customers also reduce time spent in data entry tracking by collecting and compiling information through effective reporting and complete audit trails that sync with leading accounting software.
- Better Visibility: Small businesses can better manage cash flow and view all incoming and outgoing payments on a single dashboard. With access to one central record, customers can manage all payments and invoices electronically in one place – anywhere, anytime, from any device.
- Enhanced Control: Customers can reduce fraud risk and improve transparency into the status of physical checks paid through the platform and get Positive Pay Protection automatically. Businesses can also assign user-specific roles and permissions and route bills, giving you full control over the end-to-end process.
“BMO Bill Connect is another example of our Digital First strategy in action, focused on building a digitally enabled, future-ready bank that drives real financial progress for our customers,” said
For more on BMO Bill Connect, visit: https://www.bmoharris.com/main/business-banking/cash-management-services/bill-connect/.
BILL (NYSE: BILL) is a leader in financial automation software for small and midsize businesses (SMBs). As a champion of SMBs, we are dedicated to automating the future of finance so businesses can thrive. Hundreds of thousands of businesses trust BILL solutions to manage financial workflows, including payables, receivables, and spend and expense management. With BILL, businesses are connected to a network of millions of members, so they can pay or get paid faster. Through our automated solutions, we help SMBs simplify and control their finances, so they can confidently manage their businesses, and succeed on their terms. BILL is a trusted partner of leading
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in
View source version on businesswire.com: https://www.businesswire.com/news/home/20230309005248/en/