Bank of America has announced a relationship with Viewpost, a creator of a secure business-to-business network that provides electronic invoicing and payments tools for businesses of all sizes. With this relationship, Bank of America will bring Viewpost's unique, collaborative, time-saving technology to their small-business clients across the country.
One of the biggest challenges small businesses face when it comes to managing their cash flow is getting paid. Viewpost will help business owners move away from paper checks and towards faster payments, giving them the ability to manage cash flow better. On Viewpost, business owners can send and receive invoices and payments electronically, track the status of transactions online and on the go, while securely integrating payment data between banks, suppliers, buyers and their own business.
Starting today, Bank of America channels/assets including the website, online banking, ATMs, will be promoting new service to their small business customers—Viewpost as an electronic invoicing, payments and cash flow management tool that the bank recommends for increasing efficiency and lowering the cost of doing business.
Promotion will be the first phase in the partnership between Bank of America and Viewpost. The second phase is set for late 2016 and includes technical integration to make the online banking experience even more streamlined for Bank of America’s small business customers.
In addition, next week, Viewpost will launch a free new mobile iOS app geared toward small-business owners who need a quick and simple way to create and send invoices on the go.
As Viewpost shared with the LTP team, “Bank of America is very excited to introduce our mobile app to their customers—one of the biggest frustrations for small businesses is not getting paid on time. With our new app, they can track the status of invoices so they know when and how much they’ll be paid.”
Here is a sneak peek at the new Viewpost Invoice mobile iOS app that will officially launch mid-December, which the company shared with the LTP team.