Regions CashFlowIQSM is a new digital payment solution designed to optimize the payment and billing processes.
BIRMINGHAM, Ala., and SAN JOSE, Calif. – June 12, 2024 – Regions Bank and BILL, a leading financial operations platform for small and midsize businesses, on Wednesday announced the launch of Regions CashFlowIQSM, a digital solution designed to simplify payments and streamline cash-management processes for Regions’ commercial clients.
“Businesses are looking for banks that provide more than financing; they want practical solutions to better manage their cash flow. That’s what we’re delivering,” said Bryan Ford, head of Treasury Management for Regions Bank. “Regions CashFlowIQ helps clients digitally transform, automate, and consolidate their payment processes. This results in smoother business operations. It helps the client focus more time and resources on their own products and services while we make managing money easier, more intuitive, and more productive.”
Regions CashFlowIQ, powered by BILL, provides advanced accounts payable and accounts receivable capabilities to help businesses securely pay bills, invoice customers, and receive payments faster. Regions CashFlowIQ will leverage BILL’s flexible payment offerings to provide more choices and capabilities for domestic and international payments. Here’s how it works:
“Businesses need flexible and efficient ways to manage their finances and to enable their long-term success. They rely on trusted providers to help them manage and automate payments quickly and securely,” said Irana Wasti, Chief Product Officer at BILL. “With BILL’s payments engine, large network, and ongoing innovation in helping businesses modernize and automate their financial operations, we are excited to work with Regions Bank to power a new digital solution for their business clients.”
Leveraging cashflow management solutions continues to be top of mind for clients who are looking for a streamlined and efficient financial management resource. Regions Bank continues to invest in innovative technology resources that provide a digital accounts management benefit to its clients.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $155 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
About BILL
BILL (NYSE: BILL) is a leading financial operations platform for small and midsize businesses (SMBs). As a champion of SMBs, we are automating the future of finance so businesses can thrive. Our integrated platform helps businesses to more efficiently control their payables, receivables and spend and expense management. Hundreds of thousands of businesses rely on BILL’s proprietary member network of millions to pay or get paid faster. Headquartered in San Jose, California, BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and accounting software providers. For more information, visit bill.com.
Regions Contact:
Jennifer Elmore
jennifer.elmore@regions.com
BILL Press Contact:
John Welton
BILL IR Contact:
Karen Sansot
Note on Forward-Looking Statements
This press release contains forward-looking statements, based on our expectations as of the date hereof, which are subject to a number of risks, uncertainties and assumptions, many of which involve factors or circumstances that are beyond our control. These statements include, but are not limited to, statements regarding expectations about the Regions CashFlowIQ offering and its ability to help businesses digitally transform, automate, and consolidate their payment processes. Factors that may cause actual results to differ materially include, but are not limited to, macroeconomic factors, general market volatility in the U.S. and globally, and Regions’ and BILL’s ability to deliver the Regions CashFlowIQ offering on the timeline and terms anticipated or at all. Additional information on factors that could affect Regions’ and BILL’s financial and other results is included in the filings they make with the Securities and Exchange Commission from time to time. Neither Regions nor BILL assumes any obligation to update or revise the forward-looking statements contained in this press release because of new information, future events, or otherwise.