Bill.com, provider of integrated bill payment, online invoicing and cash flow management solutions, announced its recent partnership with Mercantile Bank of Michigan. The financial institution is the first to employ Bill.com’s platform, providing streamlined banking services for its customers.
“At Mercantile Bank of Michigan, we are always looking for innovative and secure ways to help our customers manage their businesses more effectively,” said John Schulte, Senior Vice President/CIO, Mercantile Bank of Michigan. “By partnering with Bill.com, we are able to provide our business customers with long-term added value by giving them authenticated access to Bill.com’s suite of banking services in a centralized hub.”
With Bill.com’s platform, Mercantile Bank of Michigan customers have the ability to automate manual processes and work with various vendor and customer networks right from the Bill.com platform. Other features of the solution include multiple payment channels to send and receive payments, a comprehensive cash flow dashboard that provides a complete view of critical information, single sign-on and one-click setup. In addition, vendors and customers of Mercantile Bank of Michigan’s business customers will become familiar with Bill.com’s platform and services.
“The vast capabilities the Bill.com platform offers has created tremendous efficiency for our business,” said Cliff Walkington, a Mercantile Bank of Michigan customer, Hammond Farms. “We no longer have to rely on manual processes, view separate cash flow pages or waste time looking for information when doing our business banking. By logging onto Mercantile Bank of Michigan’s website, we can focus on what we do best as a landscaping materials supplier, which is to service our customers rather than spend countless hours on cash management.”
Bill.com offers several options for financial institutions looking to integrate their current online banking solutions. Options include bank branding customization options, SSO and seamless on-boarding.
“Our partnership with Mercantile Bank of Michigan reiterates the importance of providing their customers with a single platform to seamlessly manage all financial transactions within one system,” said René Lacerte, CEO and founder of Bill.com. “We are confident there is no other platform in the market that is more complete or is as easy to use as ours, and we encourage other financial institutions to take a closer look at what Mercantile Bank of Michigan is doing to benefit their customers.”