Digitally-enabled features and exclusive
offers provide owners with the flexibility to manage and optimize
their business on the go
TORONTO, Oct. 1, 2019 /CNW/ - Time is a scarce commodity,
especially for nearly a third (31 per cent) of Canadian business
owners who say that managing administrative tasks is their biggest
challenge, according to a recent RBC Small Business Poll. To help
save time and address this pain point, RBC introduced a suite of
powerful mobile banking enhancements that will help business owners
gain valuable financial insights and seamlessly manage their
business anywhere, anytime.
"Optimizing time and money across every facet of a business
operation is critical to the success and profitability of owners,"
said Lori Darlington,
Vice-President, Small Business & Strategic Partnerships. "We
want to help business owners efficiently manage the important, yet
time-consuming task of analyzing cash flow, getting paid by clients
and saving money so they can spend more time with their clients and
focus on growing their business. The insights-driven and
digitally-enabled features and offers we introduced as part of our
mobile banking enhancements allows them to do just that."
RBC introduced the following first-in-market features and
experiences for business owners:
- Financial Snapshot, a new easy-to-access
dashboard that summarizes the business owner's current cash
position in a simple view upon logging into the RBC Mobile app.
This customizable dashboard allows for a real-time assessment of
potential business expenses and investments to their overall cash
flow and business plan;
Easier way to get paid with quick access to
Interac e-Transfer® payment requests directly from the RBC
Mobile app dashboard and get reminders on the top outstanding
payment requests to simplify the customer follow-up process;
and
- NOMI™ Insights generates valuable financial
insights by analyzing an owner's business spending and savings
activity. Insights include monthly cash flow and purchase analyses
across several spending categories which are tailored to
businesses, helping clients to make informed financial decisions
backed by relevant data.
"These new digital enhancements are just a few of the many
powerful solutions we have to put valuable insights and
capabilities into the hands of business owners, so they can make
smart, data-driven decisions," said Rami
Thabet, Vice-President, Digital Product at RBC. "As
more of our business clients use digital channels to manage their
cash flow and run their businesses, we are constantly looking for
ways to offer them effortless and simple solutions that can
positively impact the way that they work."
In addition to these mobile banking features, small business
owners can also gain valuable savings and bonus RBC Rewards points
through the bank's exclusive RBC
Offers for business program.
Available through RBC's online business banking channel or the
RBC Offers portal, owners can tap into benefits when purchases are
made using an RBC credit or debit card though one of the program's
many partner merchants. Small business owners may receive RBC
Offers from merchants including: Petro
Canada, ADP, Telus, WeWork and Fairmont Hotels &
Resorts. RBC Offers for businesses will be available on the RBC
Mobile app in the near future.
For more information about the RBC Mobile app, please
visit www.rbcroyalbank.com/mobile.
About RBC
Royal Bank of Canada is a global financial
institution with a purpose-driven, principles-led approach to
delivering leading performance. Our success comes from the 86,000+
employees who bring our vision, values and strategy to life so we
can help our clients thrive and communities prosper. As Canada's
biggest bank, and one of the largest in the world based on market
capitalization, we have a diversified business model with a focus
on innovation and providing exceptional experiences to more than 16
million clients in Canada, the
U.S. and 34 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-sustainability.
SOURCE RBC