SAN JOSE, Calif. – March 9, 2023 – BILL (NYSE: BILL), a leader in financial automation software for small and midsize businesses (SMBs), announced a partnership with BMO to digitize and streamline business payments. BMO Bill Connect, powered by BILL, is a bill pay and invoicing platform that helps customers pay and get paid in a simpler, faster and more secure way.
BMO Bill Connect, the cloud-based platform gives customers more visibility and control over their financial operations. It offers end-to-end accounts payable and accounts receivable services and is specifically developed to work with industry-leading accounting software, including QuickBooks and Xero. It streamlines the accounts payable process, enables electronic payments, and improves the accounts receivable process by offering invoice and payment tracking capabilities as well as the ability to accept payments.
“Small businesses need real-time insight into their finances to save them time, have greater visibility and control over their cash flow,” said Irana Wasti, Chief Product Officer at BILL. “Our digital-first payments and invoicing platform helps businesses improve efficiencies and focus on what matters most. As a company that champions small businesses, we’re thrilled to bring BILL’s capabilities to BMO, so we can support their customers across the U.S., and help their businesses to thrive.”
Key benefits of BMO Bill Connect include:
“BMO Bill Connect is another example of our Digital First strategy in action, focused on building a digitally enabled, future-ready bank that drives real financial progress for our customers,” said Niamh Kristufek, U.S. Head of Business Banking at BMO. “Through this important partnership with BILL, we are making it easier and more convenient for our customers to manage their businesses. By embedding the platform directly within the BMO Digital Banking experience, customers have a safe, convenient, and centralized solution for cash flow management.”
For more on BMO Bill Connect, visit: https://www.bmoharris.com/main/business-banking/cash-management-services/bill-connect/
About BILL
BILL (NYSE: BILL) is a leader in financial automation software for small and midsize businesses (SMBs). As a champion of SMBs, we are dedicated to automating the future of finance so businesses can thrive. Hundreds of thousands of businesses trust BILL solutions to manage financial workflows, including payables, receivables, and spend and expense management. With BILL, businesses are connected to a network of millions of members, so they can pay or get paid faster. Through our automated solutions, we help SMBs simplify and control their finances, so they can confidently manage their businesses, and succeed on their terms. BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and accounting software providers. BILL is headquartered in San Jose, California. For more information, visit bill.com.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $1.14 trillion as of October 31, 2022, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
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