ORLANDO, Fla.--(BUSINESS WIRE)--Jul. 27, 2015--
U.S. Bank and Chrome River have signed a strategic agreement to create a
seamless experience for joint customers of the bank’s business travel
payment tools and Chrome River’s expense management solution. The
agreement will enable organizations to track expenses, make payments and
reconcile all in one place, using one password. It will be the first
such integrated process in the industry to include automated statement
reconciliation, potentially saving corporate card program managers hours
of manual work each month.
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Bradley Matthews, head of Middle Market Product & Marketing, U.S. Bank Corporate Payment Systems (Photo: U.S. Bank)
“This integrated system will streamline the reconciliation process and
create a truly connected experience for our joint customers,” said Dave
Terry, chief operating officer (COO) of Chrome River. “Card users will
be able to view their statement, complete their expense report, dispute
transactions and pay their incidentals without the need to move from one
system to another and back. It is a giant step forward for expense and
account management.”
U.S. Bank first began referring Chrome River to clients in 2013. The new
agreement, announced at the 2015 Global Business Travel Association
(GBTA) conference, makes Chrome River U.S. Bank’s preferred provider for
expense management solutions and fully integrates their technology
systems for joint clients. (The bank will continue to support
integration into any expense reporting platform of their customers’
choosing.)
“We recognize that many of our mid-sized and larger customers seek
dedicated expense solutions that are highly sophisticated yet easy to
navigate,” said Bradley Matthews, head of Middle Market Product &
Marketing for U.S. Bank Corporate Payment Systems. “Chrome River
provides just that, combining user-friendliness and agile software
design. This agreement will make Chrome River’s secure and efficient
expense reporting technologies even easier for our clients to use and
greatly simplifies their travel management operations.”
The Chrome River agreement was one of two announced at GBTA as part of
U.S. Bank’s strategic initiative to forge alliances that add value to
its client relationships. The second announcement was a strategic
agreement with Adelman Travel.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $419 billion in assets
as of June 30, 2015, is the parent company of U.S. Bank National
Association, the fifth largest commercial bank in the United States. The
Company operates 3,164 banking offices in 25 states and 5,020 ATMs and
provides a comprehensive line of banking, brokerage, insurance,
investment, mortgage, trust and payment services products to consumers,
businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
About Chrome River
Chrome River Technologies, Inc. provides expense reporting and supplier
invoice automation solutions that combine the latest available
enterprise and mobile technologies with a team of industry-leading
implementation and support experts. Chrome River delivers immediate
payback via a “Software
as a Service” delivery model that requires no hardware, no software,
and no long-term commitment. This service is easily configurable to meet
the needs of organizations worldwide with complex expense management
policies and collaborative approval processes. Request
a demonstration today and locate additional information about Chrome
River and its solutions by visiting the company website at http://www.chromeriver.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150727005826/en/
Source: U.S. Bank
Bill Brady, U.S. Bank Corporate Communications
(612) 303-0731, bill.brady@usbank.com
or
Connie
Moser, Chrome River Communications
(323) 648-5276, connie.moser@chromeriver.com