Regions Bank & BILL launch CashFlowIQ to optimize the payment and billing processes

By Gloria Mathias

Regions Bank and BILL, a financial operations platform for small and midsize businesses, has announced the launch of 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 manage their cash flow better. 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 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 pay bills securely, invoice customers, and receive payments faster.

Key features of CashFlowIQ:

• 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.”

Regions Bank continues to invest in technology resources that provide a digital account management benefit to its clients.