Progress Bank launches Sensibill for digital receipt management
Image credit: Sensibill
Progress Bank launches Sensibill’s ML and AI-powered smart technology to continuously serve customers.
The Sensibill team is incredibly excited to share that $1.4 billion-asset Progress Bank has launched our digital receipt management solution! Allowing Progress Bank to save time, boost efficiencies and enhance the digital experience for customers.
Progress Bank is a commercial-focused institution that serves businesses in communities throughout Alabama and the Florida panhandle. The bank wanted to add to its arsenal of digital tools designed to help businesses that are typically too busy to visit the branch, which prompted the partnership with Sensibill.
By leveraging Sensibill’s AI/ML technology through the FIS Digital One platform, the bank’s business customers can now easily capture and store receipts from the convenience of their digital banking apps. Such functionality allows the businesses to more easily track spending, separate business and personal expenses, and better manage their overall financial health.
Randy Tidwell, SVP of Operations, Finance and Technology at Progress Bank, explains how our smart technology will help:
“We have long been dedicated to providing a seamless, convenient experience for our busy business customers, and partnering with Sensibill directly supports that strategy. With Sensibill, we are modernizing and digitizing receipt and expense management, a traditionally cumbersome and time-consuming process. This ultimately helps our customers save time, reduce stress and manage their personal and business finances more easily. As businesses look to navigate the pandemic’s lasting impacts, digital tools like these become even more critical to provide meaningful support”.
In addition to delivering speed and convenience to customers, digital receipts also provide SKU-level data to Progress Bank, which can help the bank better know their customers and anticipate their timely financial needs.
“To provide strong service in today’s environment, we must understand our customers on a deeper level. The SKU-level data delivered by Sensibill will help us uncover new details about our customers’ behaviors, preferences and probable financial needs. We expect these tools to help us strengthen digital engagement and drive loyalty”.
— Randy Tidwell, SVP of Operations, Finance and Technology at Progress Bank
Our Co-founder and CEO, Corey is proud of our innovative partners like Progress Bank:
“Relationship-focused institutions like Progress Bank understand the importance of providing customers with quick and intuitive digital tools to help them better manage everyday spend. By leveraging our technology, the bank’s customers eliminate the time and hassle of keeping up with and analyzing paper receipts, leading to easier tax seasons and expense management. At the same time, the bank is gaining new transparency into who their customers are and what they need to succeed financially, increasing engagement and positively contributing to the bottom line”.