Commerce Bank Honored at Impact Innovation Awards

Commerce Bank was recently recognized by Aite Group as an innovative financial institution leveraging best-in-class technology. Commerce’s Small Business Services division won the Customer Experience category at the inaugural Innovation in Cash Management and Payments Forum in New York City for its introduction of CashFlow Complete, a digital business payments solution built specifically for small to mid-sized businesses (SMBs). Powered by leading digital business payments provider Bill.com, CashFlow Complete enables SMBs challenged with time consuming and paper-intensive processes to save significant time, gain efficiencies and better manage their cash flow.

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Pictured L-R: Melissa Stiles, Product Manager and Matt White, Director of Commercial Strategy (Photo: Business Wire)

The cloud-based, single sign-on bank product was designed to help streamline, simplify and automate the full end-to-end, back office accounts payable and accounts receivable process. Commerce Bank launched CashFlow Complete in July 2017 to provide a business payments product that is affordable and most closely matches the intuitive design and operation of consumer applications, with the robust functionality, security and control businesses need.

“At Commerce Bank, we are personally invested in supporting the small business leaders who trust us with their future and their livelihood,” said Matt White, Director of Commercial and Small Business Strategy, Marketing and Sales Delivery, Commerce Bank. “We introduced CashFlow Complete to simplify cash management and payments so entrepreneurs and small business owners can focus more of their time and energy on the parts of running a business that they truly love. To be honored for pursuing that mission is humbling and we are grateful.”

In its first year, the awards program honored the innovative financial institutions that are introducing new products, capabilities, or levels of automation and effectiveness that bring the industry one step closer to next-generation banking.

"With its CashFlow Complete solution, Commerce Bank demonstrates the important role customer experience plays in providing customers innovative products that provide transparency into their cash flow and help them save time that can be spent doing what's most important to them,” said Christine Barry, Research Director, Aite Group