Royal Bank com­bines Wave soft­ware with on-line bank­ing

Stockwatch Daily - - FINANCE - Mr. Ja­son Stors­ley of Royal Bank re­ports

ROYAL BANK of Canada and Wave have col­lab­o­rated to in­te­grate in­voic­ing, ac­count­ing and busi­ness fi­nan­cial in­sights into RBC’s on-line busi­ness bank­ing plat­form. This first-of-its-kind of­fer­ing from a bank in North Amer­ica will en­able RBC’s small busi­ness clients to seam­lessly man­age their full busi­ness-fi­nan­cial-ser­vices needs — from bank­ing and book­keep­ing to in­voic­ing — in a sin­gle place with a sin­gle sign on.

Wave is the pro­ducer of award-win­ning fi­nan­cial soft­ware and ser­vices — in­clud­ing free in­voic­ing, ac­count­ing, pay­ment pro­cess­ing, re­ceipt scan­ning, re­port­ing and more — for nearly three mil­lion reg­is­tered busi­nesses around the world.

Ac­ces­si­ble through a small busi­ness owner’s on-line bank­ing site, Wave’s fi­nan­cial man­age­ment suite, cou­pled with the power of Royal Bank, will rev­o­lu­tion­ize how small busi­ness own­ers man­age their fi­nances. The sim­ple, easy-to-use in­ter­face will give own­ers in­sights into their busi­ness by com­bin­ing their bank­ing and ac­count­ing in­for­ma­tion un­der one view, which will help them make more in­formed de­ci­sions. In ad­di­tion, busi­ness own­ers can lever­age Wave’s suite of state-of-the art ser­vices, like in­voic­ing in vir­tu­ally any cur­rency, au­to­mated billing and the abil­ity to dig­i­tally man­age re­ceipts and track ex­penses.

“We’re al­ways ex­plor­ing how we can use emerg­ing tech­nolo­gies to sim­plify the com­plex is­sues our small busi­ness clients face and help them achieve their goals,” said Ja­son Stors­ley, vice-pres­i­dent of small busi­ness, Royal Bank. “Small busi­nesses gen­er­ally don’t have ded­i­cated ac­count­ing and billing staff; it’s typ­i­cally the owner of the busi­ness who is man­ag­ing the fi­nances, and com­plet­ing th­ese tasks takes up valu­able time. Work­ing with Wave, we’ve cre­ated a unique plat­form where the busi­ness owner’s fi­nan­cial life is con­tained un­der one roof, mak­ing it eas­ier for them to man­age their busi­ness. This means a small busi­ness owner can spend more time be­ing the chief ex­ec­u­tive of­fi­cer of their busi­ness and less time be­ing the chief fi­nan­cial of­fi­cer.”

Launched to co­in­cide with small busi­ness month, the in­clu­sion of Wave’s fi­nan­cial man­age­ment suite is just one of the many of­fer­ings for Royal Bank’s small busi­ness clients that goes beyond tra­di­tional bank­ing ser­vices. As the leader in com­mer­cial and small busi­ness bank­ing, serv­ing the most clients with the broad­est range of ad­vice and best-in-class prod­ucts in Canada, this com­ple­ments the spe­cial­ized ser­vice and tai­lored ad­vice pro­vided by Royal Bank busi­ness-bank­ing ad­vis­ers.

“En­trepreneurs and small busi­ness own­ers have a range of fi­nan­cial ac­tiv­i­ties and tasks they need to ac­com­plish. On a daily ba­sis, they’re send­ing in­voices, pro­cess­ing pay­ments and do­ing their book­keep­ing,” said Kirk Simp­son, chief ex­ec­u­tive of­fi­cer and co-founder of Wave. “By em­bed­ding Wave’s com­plete small busi­ness tools into RBC’s on-line busi­ness bank­ing plat­form, small busi­ness own­ers now have one sin­gle des­ti­na­tion to man­age their fi­nan­cial life.”

About Royal Bank of Canada

Royal Bank is Canada’s largest bank, and one of the largest banks in the world based on mar­ket cap­i­tal­iza­tion. Royal Bank is one of North Amer­ica’s lead­ing di­ver­si­fied fi­nan­cial ser­vices com­pa­nies, and pro­vides per­sonal and com­mer­cial bank­ing, wealth man­age­ment, in­sur­ance, in­vestor ser­vices, and cap­i­tal mar­kets prod­ucts and ser­vices on a global ba­sis. Royal Bank has ap­prox­i­mately 81,000 full- and part-time em­ploy­ees who serve more than 16 mil­lion per­sonal, busi­ness, pub­lic sec­tor and in­sti­tu­tional clients through of­fices in Canada, the United States and 35 other coun­tries. For more in­for­ma­tion, please visit the bank’s web­site.

An­drew Chisholm, Ja­cyn­the Cote, Toos Noshir Daru­vala, David Fran­cis Deni­son, Alice D Laberge, Michael Har­ri­son Mc­Cain, David Ian McKay, Heather E L Mun­roe-Blum, Thomas An­drew Renyi, Kath­leen Pa­tri­cia Tay­lor, Brid­get A van Kralin­gen, Thierry Van­dal

(RY) Shares: 1,457,992,737

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.