Metro Bank has launched fresh features on its mobile app, providing business customers with new receipt management technology. This new feature is a result of Metro Bank’s collaboration with Canadian technology firm Sensibill.
The receipt management technology enables businesses to capture, store, and link their receipts to transactions in their mobile business app. Receipts are captured using the customer’s smartphone camera. Metro Bank’s app then uses artificial intelligence and machine learning tools to reconcile the receipt to the customer’s transaction history automatically, with VAT identified from the receipt so it can be auto-populated.
David Thomasson, Chief Commercial Officer at Metro Bank, adds: “We’re thrilled to partner with Sensibill to provide our business customers with essential money management tools, easily accessible from our mobile app. These will empower SMEs to free up time in a way that wasn’t possible before, to spend running and growing their businesses.
“So many small businesses are facing uncertainty because of coronavirus. We want to keep delivering new tools for our customers that can make managing their money a little easier, especially at such a difficult time.”
Corey Gross, co-founder, and CEO of Sensibill commented: “Metro Bank understands that small businesses and gig workers need a better, simpler way to track their finances and manage expenses. By leveraging our solution, the bank’s small businesses can regain hours once lost to analyzing paper receipts and run their businesses more effectively, which is especially critical in light of the pandemic. This partnership reflects Metro Bank’s deep dedication to providing advanced technology and support to help the people they serve succeed financially, both now and in the future.”
Fully-integrated with Metro Bank’s app, business customers with be armed with essential money management tools they can use on the go from anywhere they choose.
