EedenBull, which works with payment and spend technology, has a new agreement with National Australia Bank (NAB) in which the bank will let its small- to medium-sized business (SMB) users access EedenBullâ€™s payment and spend platform, according to a report from Finacial IT.
EedenBull will provide its Q Business platform, which will include Q Control for the administrator and Q App for employees. There will also be payment cards from NAB, and customers will use Q Business to control spend, the report stated.
With EedenBullâ€™s platform, SMBs can track payments and spending in real time, according to the report. The platform can help SMBs prevent losses by making sure they use best practices.
Nicki Bisgaard, CEO and founder of EedenBull, said in the report that the new partnership â€œunderlines our progress in offering best-in-class payment and spend management technology to the banking community globally.â€�
â€œWe are delighted to partner with NAB, a globally respected banking brand and Australiaâ€™s leading business bank, and to provide them innovative, digital spend solutions for their [SMB] clients in Australia,â€� Bisgaard said, according to the report.
Bisgaard said in the report that EedenBull is working alongside a payments revolution in which new digital methods are â€œforever changing the way consumers and businesses think about payments â€” changing the way people pay and get paid…â€�
Tania Motton, NAB executive for Everyday Business Banking, said in the report that the point of the integration is to help extend more services to SMBs in need.
â€œExpense management software solutions are so often out of reach for small- and medium-sized businesses,â€� she said, according to the report. â€œThis exciting partnership will give our customers an intuitive expense management platform with full control and analysis of payments across their business as well as more confidence to allow their teams to spend money.â€�