Stanbic Bank targets firms with e-Biller

By professo

Stanbic Bank Kenya has announced its plans to transition into using more digital technology by targeting companies using e-Biller.

The financial organisation is looking for businesses, such as travel agents, that have adopted the new online billing system.

The system will process invoices and generate payment instructions for firms, working as an efficient alternative for billing, reconciliation, and payment.

The edition of this technology will also minimise errors and mistakes, such as the duplication of bills.


e-Biller will also keep an electronic record, or audit trial, with a history of recorded transactions.

“e-Biller enables companies to stay competitive and ahead in their sectors by enhancing efficiency and minimising the cost of labour,” commented Charles Mudiwa, Chief Executive Officer of Stanbic Bank.

“e-Biller has greatly solved our challenge of manually issuing invoices to agents for sales made, and collection of travel premiums at the end of every month,” said Catherine Igathe, Managing Director of AIG Kenya Insurance.

“Reconciliation of agents’ invoices is a critical function of our business, and by automating the billing and collections cycle through e-Biller, we shall be able to make significant costs savings by reducing the need for manual re-work.”


Featured Articles

Top 10 most innovative telecom operators in the Middle East

With Dubai-based Telecoms World Middle East in full swing, we chart the most innovative telcos from the region – and look at how they are transforming

Top 10 fastest-growing Indian companies in the UK

Business Chief takes a look at the top 10 fastest-growing Indian companies in the UK, according to the India Meets Britain Tracker from Grant Thornton

Top 10 workplaces prioritising people and planet in the UAE

Sustainable, flexible, collaborative, tech-driven, and amenities-rich, the office of the future considers both people and planet – here are 10 in the UAE

Top 10 female HR execs leading Saudi’s workplace transition

Leadership & Strategy

Top 10 largest asset managers by AUM operating in the UAE

Corporate Finance

Top 10 female CEOs leading Africa’s biggest businesses

Leadership & Strategy