Driving More Fee Income from Your Bank’s Mid-Market Commercial Customers
Today’s banks are seeing a rapid decline in noninterest income and are looking for non-punitive ways to reverse the trend. At the same time, your commercial customers are looking to their bank to provide more services.
You need to find new, creative ways to earn income while providing, or developing, products that will be used.
Traditional bill pay solutions simply don’t solve your customer’s problem.
Let me set the stage for you. Your customer is struggling to manage an entirely manual process fraught with mistakes, inefficiencies and threat of fraud. Their process is overcome with paper and the cost of processing their invoices could be upwards of $100,000 annually. They need you!
Ensuring loyalty to your bank is essential, especially when it comes to your mid-market commercial customers with high asset sizes and C&I loans.
You have the opportunity to provide a fully automated, complete invoice to pay accounts payable workflow tool.
What does this mean for you? You now have a product your customers will want to buy. They will use it. And you will earn income.
On Tuesday, March 7, we are hosting a webinar with our partner, First Data, to discuss this topic. Reserve your spot for the webinar here (space is limited).
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