has launched Connect, a digital payments solution for banks that serve small and midsize businesses.

Connect offers end-to-end bill pay and invoicing processes with electronic documents, approval workflows, network-based collaboration with vendors and customers, and synchronization with accounting systems. There is an app version that offers all the same functions as the Web portal.

A recent survey conducted by SourceMedia Research (which is owned by the same company as Accounting Today) and found that 91 percent of banking industry decision-makers say new technologies are “dramatically changing the way their bank engages with customers.” However, 46 percent of these same decision-makers still reply on in-person branch interactions as their primary method of engagement with CMB clients. Connect is meant to provide a solution that SMB customers feel comfortable enough using that it will necessitate less in-person interactions with their bank.

“Small and medium businesses have been caught between consumer and commercial banking solutions for far too long,” said René Lacerte, CEO and founder of, in a statement. “ Connect closes the gap. Now, banks can finally deliver a single platform for business payments that scales alongside their small and medium business customers as they grow. It’s an absolute game changer for business banking.”


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