U.S. Bank and Chrome River Strengthen Partnership, Add Benefits for Joint Customers
July 27 2015 - 10:42AM
Business Wire
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150727005826/en/
Bill Brady, U.S. Bank Corporate Communications(612) 303-0731,
bill.brady@usbank.comorConnie Moser, Chrome River
Communications(323) 648-5276, connie.moser@chromeriver.com
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