SAN FRANCISCO--(BUSINESS WIRE)--
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.
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Wells Fargo's new transaction-level receipt imaging helps commercial customers upload receipts quicker and more conveniently (Graphic: Business Wire)
“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.
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