Saturday, July 26, 2014

Check ( mobile bill pay that serves 10 million registered users) Closes The Loop On SMB Invoice Payments

Ben Kepes for Forbes writes: Anytime I hear about a new service or new piece of functionality that allows me (not to mention other small business owners) to automate what was formerly a manual process, I get excited. It’s a little known fact that SMBs have nearly as complex processes within their organizations as do larger businesses, but without the corresponding resources to throw at wrangling said processes. Automation therefore is arguably more important for SMBs than it is for enterprises.
Check is an interesting company that Intuit acquired a few months ago, the company is rolling out a trial version of new functionality that is pretty interesting. The idea of Photo Bill Pay is, as the name suggests, that small business owners and employees can simply take a photo of a bill (currently it’s only supported on Android devices). On the following screen the scanned bill, and digitized information from that bill are shown. The user can then simply click a box to confirm payment from their nominated bank account or credit card – no more wrangling unfriendly internet banking user interfaces, no more writing and posting checks and no more getting payment amounts wrong when moving from one system to the other – the whole idea of the app is to zap bill payments processes and make it easy to pay bills quickly and with as little paper as possible. [snip]  The article continues @ Forbes, to continue reading click here.

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