Metro Bank rolls out new invoicing technology for business customers

By Megha Bhattacharya

Metro Bank has announced the launch of new invoicing technology for business customers using its mobile application. The Bank stated that the new feature allows its customers to create, track and manage branded invoices directly from their Metro Bank accounts.

David Thomasson, Chief Commercial Officer at Metro Bank, commented, “This latest initiative is another string to our bow when it comes to serving the UK’s businesses, after what has been a strange and difficult year for us all. SMEs across the country are crying out for convenient, easy-to-use banking tools that free up precious time to run and grow their businesses. We’re doing our bit to make their lives a little more hassle-free.”

According to Metro Bank, customers can create invoices on the go via the mobile app, accessing lists of their previously saved clients as well as products and services they provide. They will then be able to manage their cash flows more effectively, with the app showing the payment status of each invoice and automatically reconciling their invoices with payments that come into their accounts. The service is free of charge to all Metro Bank Business Bank Account customers.

Recently, Secure printed and electronic payment solutions provider, Checkprint signed a contract renewal with Metro Bank for cheque services. The renewed contract is expected to enable the Bank to continue to instantly issue chequebooks to all new account holders, within minutes of them entering the store.

Metro Bank also announced that it has launched a new Business Account Online (BAO) journey for SME customers. The new development is expected to enable new customers to open a business account on their mobile or online coupled with identification, verification checks, and approval.