Obloco, presenter at Finovate Spring 2016, is set to begin beta testing the first bank branded expense reporting solution with local Spokane businesses and Washington Trust Bank.
For the first time, banks and credit unions can provide their business banking customers with an intuitive expense reporting solution directly within their online banking.
Obloco is working with a leading community bank, Washington Trust, to beta test the product for features, usability and value. “We appreciate the opportunity to work with Obloco during the beta phase, since we continually strive to improve the customer experience and provide value to our customers. We believe the Obloco digital expense reporting solution can be a great addition to our current suite of business solutions.” says Geoff Forshag, VP and Director of Products & Services for Washington Trust.
“Our product is tailor-made for small businesses. We provide a simple yet powerful expense reporting solution that allows businesses to spend more time running their business and less time dealing with expenses” says Victor Yefremov, CEO of Obloco. “Businesses manage their other expenses via online banking already, it just makes sense to have expense reporting in the same place. Our white label solution commoditizes expense reporting as a value-add to existing business banking offerings and simplifies the process for a quick, intuitive expense reporting experience.” By providing bank and credit union branded expense reporting to their business banking customers, they have the ability to:
• Increase customer retention and acquisition
• Establish a competitive edge against other banks and credit unions
• Solve a major business problem for the 15 million business banking customers still using pen, paper, and spreadsheets to handle expense reports
Obloco, headquartered in Spokane Washington, builds white label expense reporting solutions that banks and credit unions can provide to their business banking customers. Obloco was started at Startup Weekend Spokane, hosted by Google and Amazon, in April 2014.