BMO Annual Business Survey: 61 per cent of Canadian Businesses Use Online Tools to Better Manage and Save Their Money
- One in three Canadian businesses plan to increase their use of online banking this year - A typical business can save 50 per cent in costs or almost $1200 a year by using online cash management services - Five tips to more effectively manage your business' cash flow
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 06/27/12 -- According to the BMO Annual Business Survey, six in ten (61 per cent) Canadian businesses regularly use online tools and resources to manage their cash flow more effectively, and almost one-third (31 per cent) plan to increase the use of these cost-effective tools this year.
"Business owners are increasingly looking for ways to better manage their cash flow, both to help them meet their obligations and give them more time to focus on growing their businesses," said Cathy Pin, Vice President, Commercial Banking, BMO Bank of Montreal. "Online cash flow management solutions provide simple, real-time, cost-effective ways to keep track of cash moving in and out of your business. They give business owners a complete picture of where they stand financially at any given time."
Ms. Pin added that "using an online cash management package like the Smart Pack on , can save a typical small business 50 per cent in costs, or almost $1200 per year."
Earlier this month, BMO Bank of Montreal became the only Canadian bank to win a prestigious Celent 2012 Model Bank Award for its Online Banking for Business platform. In addition, last year BMO launched a mobile banking service that enables businesses to make urgent payments safely and securely over mobile devices - another first for business banking customers in Canada.
BMO Bank of Montreal offers 5 Tips to more effectively manage your business' cash flow
For more information on BMO cash flow management tools and products please visit or contact your BMO Bank of Montreal Representative:
The online survey was conducted by Leger Marketing between March 21, 2012 and April 12, 2012, using a sample of 500 Canadian small business owners. A probability sample of the same size would yield a margin of error of +/-4.38 per cent, 19 times out of 20.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $525 billion as at April 30, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
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Datum: 27.06.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 160516
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Commercial & Investment Banking
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