A Faster Way for Businesses to Send and Receive Payments
Last September we announced a new partnership with JPMorgan Chase to deliver a simpler and faster way for businesses to send and receive invoices and payments. Bill.com is working very hard to make that happen and we are excited about our progress.
As JPMorgan Chase explained in their press release, ”This new automated payments solution will be part of Chase’s enhanced digital platform...helping clients save time and improve cash flow. Chase’s collaboration with Bill.com, the largest digital business to business (B2B) payments network in the United States, is the latest example of the firm investing in technology to provide clients with an enhanced digital experience customized to meet their needs."
Chase has been and continues to be an exceptional partner. All of us at Bill.com are very proud of our collaboration as demonstrated by the annual shareholder letter by Chase Commercial Banking CEO, Doug Petno:
"Recognizing that managing payments is a major pain point for our clients, we completed a comprehensive analysis to determine a digital solution. In 2017, we announced our investment in and partnership with Bill.com, the largest digital business-to-business payments network in the U.S. Seamlessly integrated into Chase Connect, this new automated payments capability will enable our clients to easily send and receive electronic invoices and payments, saving them substantial time and effort. We are very excited about this innovative solution and look forward to bringing this functionality to our clients in 2018." (Page 57 of the JP Morgan Chase Annual Report 2017)
Bill.com is on a mission to bring back-office innovation to small and medium-sized businesses, and with this rollout, we will be one big step closer to achieving our mission. B2B payments will change for businesses everywhere, and I'm proud of the team that comes to work every day to make this happen.
To learn more about our partnership with JPMorgan Chase and how Bill.com helps banks be at the center of their business clients' back office, check out Bill.com Connect by clicking here.>