U.S. Bank AP Optimizer Named 2016 New Product of the Year for Business Services
November 10 2016 - 5:00AM
Business Wire
New accounting and payment innovation is
recognized by Business Intelligence Group
The U.S. Bank AP Optimizer has received the Business
Intelligence Group’s BIG Award for Business as 2016 New Product of
the Year in the Business Services category. The organization’s
annual program rewards companies, products and people that are
leading their respective industries.
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The AP (Accounts Payable) Optimizer, built in partnership with
cloud accounting software leader Sage and Mastercard, marries
practical, cost saving information – like the best time to pay
bills and the best method for payment – with easy-to-execute action
to help U.S. Bank business customers maximize cash flow. It is the
first truly digital accounting and payment solution that enables
small and medium businesses to manage cash flow in near real-time.
Users can act on the tool’s recommendations from any computer or
mobile device.
“The AP Optimizer is bringing our clients a new level of timely
control over their cash flow,” said Bradley Matthews, head of
Middle Market Product & Marketing for U.S. Bank Corporate
Payment Systems. “We are proud of our joint Sage-U.S. Bank
development team for the ingenuity and passion they showed in
bringing this innovation to market, and we are gratified to the
competition judges for recognizing the great work that was
done.”
U.S. Bank customers have exclusive access to the AP Optimizer’s
Consolidated Payables tool, which streamlines multiple payment
methods such as check, virtual card, ACH and wire into one simple
and efficient process. However, any Sage Live customer can gain
insights from the Optimizer’s comparative data, which shows how
their organization stacks up against its peers and best-in class
performers. It includes a calculation of the savings or additional
revenue that could be realized by making specific changes.
“Differentiation is a common theme among many of our winners,
and we hope that trend continues,” said Russ Fordyce, managing
director of the Business Intelligence Group. “Modern companies are
now relying on their customers for inspiration and direction to
improve and launch new products. We are so proud of all of the
winners this year. It is truly a select group.”
©2016 U.S. Bank National Association
About U.S. Bank (www.usbank.com)Minneapolis-based U.S.
Bancorp (NYSE: USB), with $454 billion in assets as of September
30, 2016, is the parent company of U.S. Bank National Association,
the fifth largest commercial bank in the United States. The Company
operates 3,114 banking offices in 25 states and 4,875 ATMs and
provides a comprehensive line of banking, investment, mortgage,
trust and payment services products to consumers, businesses and
institutions.
About Sage (www.sage.com)Sage is the market leader for
integrated accounting, payroll, and payment systems, supporting the
ambition of the world’s entrepreneurs. Sage began as a small
business in the U.K. 30 years ago, and over 13,000 colleagues now
support millions of entrepreneurs across 23 countries as they power
the global economy. We reinvent and simplify business accounting
through brilliant technology, working with a thriving community of
entrepreneurs, business owners, tradespeople, accountants, partners
and developers. And as a FTSE 100 business, we are active in
supporting our local communities and invest in making a real
difference through the philanthropy of the Sage Foundation.
About Mastercard (www.mastercard.com)Mastercard (NYSE:
MA) is a technology company in the global payments industry. We
operate the world’s fastest payments processing network, connecting
consumers, financial institutions, merchants, governments and
businesses in more than 210 countries and territories. Mastercard
products and solutions make everyday commerce activities – such as
shopping, traveling, running a business and managing finances –
easier, more secure and more efficient for everyone. Follow us on
Twitter @MastercardNews, join the discussion on the Beyond the
Transaction Blog and subscribe for the latest news on the
Engagement Bureau.
About Business Intelligence Group
(www.bintelligence.com)The Business Intelligence Group was founded
with the mission of recognizing true talent and superior
performance in the business world. Unlike other industry award
programs, business executives—those with experience and
knowledge—judge the programs. The organization’s proprietary and
unique scoring system selectively measures performance across
multiple business domains and then rewards those companies whose
achievements stand above those of their peers.
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U.S. Bank Corporate CommunicationsBill Brady, 612-303-0731
(o)651-728-224 (m)bill.brady@usbank.com
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