BMO Launches a First-of-Its-Kind Banking Tool for Businesses
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BMO has introduced a new tool called BMO Sync. This tool is the first of its kind in Canada. It helps businesses connect their banking directly to accounting systems like QuickBooks Online and Sage Intacct.
According to the update, BMO Sync was created with the help of a Vancouver-based company called FISPAN. The tool allows businesses to handle payments faster, see their cash flow in near real-time, and complete tasks without leaving their accounting platform.
BMO Sync Helps Businesses Save Time and Avoid Errors
BMO said part of its Digital First Strategy is this tool. The objective is making banking work less stressful, thereby affording business the opportunity to carry out their activity in a particular place. Sean Ellery, the leader of digital banking at BMO, revealed that this new tool aids time management, eliminates errors, it has also helped in the development of their firm.
A source shared that businesses that make use of BMO can set it up easily within minutes. This tool makes payments smoother by updating bank feeds automatically, helping companies not to enter information by hand, by so doing it has cut down the possibilities of making mistakes.
BMO And FISPAN Work Together To Bring New Banking Technology
BMO has associated with FISPAN to create a better banking tool to businesses. FISPAN is a firm the joins monetary institution to accounting software. The company said, BMO was built easily due to the help of FISPAN open system.
The new tool is now available in United States of America and Canada, for businesses who would want to use BMO online banking. The tool helps in controlling all business finances from a central point using a popular accounting software.
The update stated that FISPAN has more than 3,700 businesses using its platform. The company helps move over $71 billion in payments each year. FISPAN is focused on making business banking faster, easier and more secure.
BMO Financial Group is one of the biggest banks in North America. The company said it has been serving customers for over 200 years. BMO had a total asset worth of $1.41 trillion, as of October 31, 2024.
The firm explained that it provides banking, investment services and wealth management to more than 13 million customers in the U.S., Canada and other countries. The company is committed to creating a better future for businesses and communities.
The bank stated that it wants to help businesses grow by making banking easier. With BMO Sync, businesses can manage their money without extra steps. This new tool is part of BMO’s efforts to build a strong and smart banking system for the future.
