Regions Bank Partners with Bill to Power CashFlowIQ for Small Businesses

Regions Bank and BILL, a financial operations platform for small and midsize businesses, have launched Regions CashFlowIQ, 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:

‍Enhanced Efficiency and Visibility: Businesses can initiate bill payments, create and send customized invoices, track payment information, streamline workflow approvals needed to approve payments, and automate payments all within the Regions OnePass® portal.

Automatic Sync and Payments Reconciliation: This feature helps clients reconcile their financial books by automatically syncing with accounting software. The platform integrates with many accounting software options currently available.
Payments Flexibility: Clients can leverage multiple payment options from BILL, such as credit or debit card, virtual card, ACH, check, and international wires to complete transactions. This gives clients greater flexibility to make secure domestic or international payments.

‍“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.

Small Business