US Bank Unveils All-In-One Bill Pay Platform To Help Small Businesses Manage Cash Flow
U.S. Bancorp USB | 52.95 | +0.38% |
U.S. Bank today announced a powerful all-in-one cash flow management platform for small businesses. Providing a comprehensive accounts payable solution with streamlined cash flow management, enhanced bill pay capabilities with industry-leading flexible payment options, and the ability to easily sync with accounting software, it's all seamlessly integrated into the U.S. Bank online banking platform. The accounts payable solution, called U.S. Bank bill pay for business, is now available for new users with any U.S. Bank business checking account, providing a one-stop hub where small business owners can manage their finances in less time with more confidence.
U.S. Bank bill pay for business provides a one-stop hub where small business owners can manage their finances in less time with more confidence.
As small business owners juggle multiple digital solutions to manage their operations, research shows that nearly three-quarters feel cash flow management and invoice/bill payment are ongoing pain points for their business.* Additionally, nine in 10 (88%) owners say the ability to centralize all bills/invoices into a single process is important.** U.S. Bank is responding to this need with bill pay for business, which enables business owners to:
- Use a single solution to manage payments and maintain records all in one place – within the existing business banking dashboard
- Make payments flexibly with the ability to set up recurring payments and make partial or multiple payments at once
- Streamline workflow byautomating vendor invoices, auto-creating bills, and creating and managing payment approval workflows
- Seamlessly sync bills, vendors, and expenses with select accounting software
- Gain better visibility into cash flow with real-time updates on available funds and payments status
- Receive notifications to help avoid missing a payment due date or confirm a payment was received
- Manage finances anytime, anywhere with mobile-friendly tools in addition to desktop
- Have peace of mind with multistep fraud detection and secure transactions
