JPMorgan Chase integrates electronic invoicing and other money management solutions for SMBs

20 September 2017

JPMorgan Chase is partnering with Bill.com, a fintech startup providing cloud accounting solutions to SMBs, over the integration of Bill.com’s B2B payment technology into Chase platforms starting early next year. The new services will include eInvoicing and an array of money management solutions, as JPMorgan seeks to help its corporate clients to save up to 50% of the time spent on manual bill payment.

JPMorgan believes that implementation of the new solutions across its platforms will provide its corporate customers an access to 2.5 million subscribers of Bill.com, thus facilitating the process of sending and receiving payments and invoices, while streamlining the invoices and documents management and data integration into their respective applications.

Andrew Kresse, CEO of Business Banking, JPMorgan, notes that the bank’s efforts to make its customers feel free and comfortable using its services, include digitization and time saving, and the new solutions do just that adding value and satisfying the needs of the businesses.

René Lacerte, CEO and founder of Bill.com, says that the partnership with JPMorgan Chase enables it to reengineer the way businesses interact with their customers and make/accept payments. Under the umbrella of the new integration businesses will be able to get rid of the paper checks and save their time and costs.

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