New transaction-level receipt imaging helps commercial customers upload receipts more quickly and conveniently
Wells Fargo & Company (NYSE:WFC) – the first major U.S. bank to offer
mobile services for business customers – announced today that
transaction-level receipt imaging is now available for commercial card
customers who use Commercial Card Expense Reporting (CCER), a service
that allows them to upload and manage receipts directly on their mobile
devices. The new imaging capability enables customers to snap a photo of
a receipt with their mobile phone and allocate each individual expense
to a particular transaction, thereby making the process of reconciling,
reimbursing, and billing for expenses quicker and easier.
“We understand our customers move in fast-paced environments and expect
more from a mobile experience,” said Mary Mazzochi, Senior Vice
President, Commercial Card Product Management at Wells Fargo. “The new
transaction-level receipt imaging capability makes the often cumbersome
process of expense management faster and helps customers do business
wherever and whenever they choose.”
This new functionality is available to customers through the mobile CCER
application on the Commercial Electronic Office
® (CEO
®)
service. The new feature streamlines the expense management and approval
process by allowing cardholders to attach receipt images to specific
transactions and out-of-pocket expenses, as well as automatically match
uploaded receipts to transactions using Optical Character Recognition
(OCR) technology. Managers gain access to these images online as part of
the automated approval workflow in the CCER application.
Cardholders at companies that currently use CCER can begin taking
advantage of the new features now from the CEO Mobile iOS or the CEO
Mobile Android application.
“This new capability is our latest offering in our commitment to provide
our customers with innovative solutions that simplify their banking
experience and help them better achieve their financial goals,” said
Mazzochi.
Late last year, the bank also launched Mastercard SendTM, a
payments service that allows Wells Fargo Treasury Management and Wells
Fargo Merchant Services customers to send funds quickly and securely to
consumers domestically.
About the CEO
®
portal and the CEO
Mobile service
The
Commercial Electronic Office
®
(CEO)
portal offers Wells Fargo commercial and corporate customers a
convenient single point of access to a broad offering of online banking
services, including cash management, credit, investments, foreign
exchange, trade finance, capital markets, trust, and insurance.1
The CEO Mobile Service allows customers to securely access their
accounts when they need to. Customers can perform many of the same tasks
as they do on the CEO® portal, as well as additional functions
such as uploading Commercial Card receipts or depositing checks using an
iPhone, iPad, or Android smartphone. The CEO Mobile Service is a
great way for a customer to access their accounts and perform critical
tasks when they are in a meeting, away from a computer or office, or
traveling for business.
1 Investment and insurance products are not insured by the
FDIC or any other federal government agency, are not deposits of or
guaranteed by the bank or any bank affiliate, and may lose value.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $2.0 trillion in assets. Founded in 1852
and headquartered in San Francisco, Wells Fargo provides banking,
insurance, investments, mortgage, and consumer and commercial finance
through more than 8,500 locations, 13,000 ATMs, the internet
(wellsfargo.com) and mobile banking, and has offices in 42 countries and
territories to support customers who conduct business in the global
economy. With approximately 273,000 team members, Wells Fargo serves one
in three households in the United States. Wells Fargo & Company was
ranked No. 27 on Fortune’s 2016 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy our customers’
financial needs and help them succeed financially. News, insights and
perspectives from Wells Fargo are also available at Wells
Fargo Stories.
