Supporting small businesses: Metro Bank launches Sensibill’s Digital Receipt Management

Illustration by: Sensibill

We are excited to announce that UK-based Metro Bank is live with our digital receipt management solution following asuccessful beta period. By leveraging the technology, the bank’s small business customers and gig workers can easily capture, store and attach their receipts to transactions from the convenience of their digital banking apps. This allows them to more effectively manage expenses and complete their taxes with increased efficiency and speed. The solution requires no sign up and is complimentary to Metro Bank’s small business customers as part of the bank’s small business banking toolkit.

Such tools have always been important but are even more critical now during a time when every penny counts. The pandemic has hit small businesses and gig workers especially hard, and it’s their banks’ and credit unions’ responsibility to offer these customers the digital solutions and services that will help them better manage their expenses and help their money go further. If they can’t or won’t, otherswill.

“Managing paper receipts has been a notoriously cumbersome and inefficient experience for small businesses and gig workers. Through our partnership with Sensibill, we are modernizing and digitizing the process for these segments, helping them save time, create efficiencies and better manage their financial activities. During difficult times like these, our small businesses rely on us more than ever, which is why it’s so important to offer digital tools that make their financial lives easier and businesses more sustainable.”

-David Thomasson, Chief Commercial Officer at Metro Bank

As everyone moves their shopping online, making purchases largely homogeneous, and the branch is no longer as viable an option to build strong relationships, it’s more important than ever for institutions to dig deeper, using alternate, contextual data points to know their customers. Our artificial intelligence and machine learning capabilities extract SKU-level data for the bank, allowing them to gain a deeper understanding of their customers and deliver a more personalized, relevant customer experience. Such insights can also help the bank serve small businesses more proactively.

Corey Gross, co-founder and CEO of Sensibill, commented, “Metro Bank understands that small businesses and gig workers need a better, simpler way to track their finances and manage expenses. By leveraging our solution, the bank’s small businesses can regain hours once lost to analyzing paper receipts and run their businesses more effectively, which is especially critical in light of the pandemic. This partnership reflects Metro Bank’s deep dedication to providing advanced technology and support to help the people they serve succeed financially, both now and in the future.”

Check out the full releaseHERE.