14th June 2017

Wells Fargo makes expense reporting easier with mobile

SAN FRANCISCO - Wells Fargo & Company (NYSE:WFC) 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.

“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.

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