On September 4, U.S. Bank launched a new all-in-one cash flow management platform aimed at helping small businesses streamline accounts payable, automate workflows, and gain better visibility into finances.
The U.S. Bank Bill Pay for Business platform is available to new users with any U.S. Bank business checking account. It allows business owners to set up recurring, partial, or multiple payments, automate vendor invoices and approval workflows, and integrate seamlessly with select accounting software. Mobile-friendly tools provide real-time updates on available funds and payment status, while multistep fraud protection safeguards transactions.
“With U.S. Bank Bill Pay, small business owners have access to an all-in-one cash flow management solution that works as hard as they do,” said Shruti Patel, chief product officer for U.S. Bank Business Banking. “This offering simplifies and automates accounts payable workflows, so clients can manage their finances with confidence and reduced anxiety.”
Research shows nearly three-quarters of small business owners face ongoing challenges with cash flow management and bill payments, and 88% say centralizing these tasks into a single process is important, according to U.S. Bank.
The solution was developed in partnership with fintech companies Fiserv and Melio, integrating Fiserv’s CashFlow Central℠ technology into the bank’s online platform to create a streamlined, secure experience for business owners.
U.S. Bank serves more than 1.4 million small business clients, offering a range of deposit accounts, merchant services, loan products, credit cards, and treasury management solutions. The new platform complements this suite by providing an integrated tool that reduces administrative complexity and supports growth for small manufacturers, retailers, and service providers.
Business owners can find complete details on the MARC Loan Program and access training for SBA lenders through U.S. Bank’s website.
