Bill.com, the digital business payments leader, and First National Bank of Omaha (FNBO), today announced a partnership to offer the bank’s customers digital back office automation with digital business payment services.
This partnership makes FNBO one of the first regional banks to offer small and commercial business customers digital accounts payable (AP) and accounts receivable (AR) capabilities to help them save time and get paid faster.
“Our partnership with FNBO provides a great opportunity to offer customers new and innovative digital business payment solutions, and meets the desires of business owners to have more meaningful relationships with their banks,“ said Tracy Pearce, Vice President, Bank Channel at Bill.com.
According to an Aite study*, the majority of small businesses see their bank as a partner and more than simply a place to deposit cash and get credit when needed. Add to that, 86% of millennial run businesses consider the sophistication of a bank’s online capabilities to be important or very important when selecting a new bank partner.
Through the Bill.com partnership, FNBO uses Bill.com Connect, which offers a seamless integration with the bank’s online portal and functions as the hub for business customers’ digital business payments. A cloud-based, scalable payment solution designed specifically for small and medium businesses, Bill.com Connect allows customers to spend more time on growing and running their businesses and less time on administrative tasks.
“We continually look for opportunities to adopt innovative technology quickly and easily in order to enhance our customer experience,” said David E. Cota, Executive Vice President, Wholesale Banking, First National Bank of Omaha. “Bill.com allows us to more effectively serve our customers and maintain our role as one of their most trusted advisors.”
Contributed | what does this mean?