Bill.com Partners with First National Bank of Omaha (FNBO) to Offer Enhanced Digital Business Payments Solutions
PALO ALTO, Calif., November 28, 2018 -- 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.”
For more information on the Bill.com and FNBO partnership visit www.bill.com
*U.S. Small Business Banking: Serving the Customer of the Future, July 2018
Bill.com is the leading digital business payments company with a network of 3 million members, processing over $60 billion annually. Making it simple to connect and do business, the Bill.com cloud-based Payment Management Platform automates, streamlines, and controls the payments process, saving more than 50 percent of the time typically spent. Bill.com partners with four of the top 10 largest U.S. banks, more than 60 of the top 100 accounting firms, major accounting software providers including Netsuite, Intacct, QuickBooks and Xero, and is the preferred provider of digital payments solutions for CPA.com, the technology arm of the American Institute of CPAs (AICPA). Winner of more than 70 awards, and recognized as one of San Francisco Business Times’ and Silicon Valley Business Journal’s “2018 Best Places to Work,” Bill.com has raised over $200 million in funding with the most recent investment round led by JP Morgan Chase and Temasek.
About First National Bank of Omaha
First National Bank of Omaha is a subsidiary of First National of Nebraska. First National of Nebraska and its affiliates have more than $23 billion in assets and 5,000 employee associates. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.