Boston, February 5, 2019 – Businesses are often burdened by inefficient, manual, and error-prone processes as well as siloed information and a lack of transparency into their cash flow. Such an environment takes time away from what is most important to business owners—growing their business. Commerce Bank launched Cashflow Complete to help its small and midsize business clients more efficiently and effectively manage their cash flow and automate the process of sending and receiving payments on a single platform.

Aite Group’s Impact Innovation Awards are designed to recognize and celebrate innovation achieved by financial institutions leveraging technology to surpass the status quo. Award recipients are leading the industry by identifying and implementing new products, capabilities, or levels of automation and effectiveness that are bringing our industry one step closer to next-generation banking. Other reports in this series feature Aite Group’s Impact Innovation Award in Cash Management and Payments for reporting and analytics, operational efficiency, digital channel capabilities, product development, and product development by a small bank. To learn more about the topic covered in this report, please contact us at [email protected].

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This report mentions Commerce Bank and Bill.com.