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29.04.2014

An innovative partnership between a bank and a software provider:
Bank Austria and everbill join forces to support businesses

  • Bank Austria signs a cooperation agreement with the business software provider everbill
  • Bank Austria's corporate customers benefit from three months of free access to everbill's business software. This helps SMEs to plan and implement their business processes.

In future, Bank Austria will be offering its customers support with planning and implementing their business processes in partnership with everbill (www.everbill.com), an online provider of business software for internal business processing. everbill's simply designed business software makes it quick and easy for customers to issue invoices, draw up estimates and manage their incoming invoices and orders even while they are on the move. It also includes an inventory management function and can compile statistics to help gauge a company’s success.

Three months of free access to Silicon Valley software
Bank Austria's corporate customers are being offered three months of free access to the everbill software – developed in Silicon Valley – at www.everbill.com/ba from May 2014 onwards. This partnership rounds off a wide range of innovative projects run by the bank in its corporate banking segment and creates a "win-win" situation for everyone concerned. Bank Austria's corporate customers will gain access to software which will help them with their day-to-day business processing and stimulate the growth of their business, while both everbill and Bank Austria can use this innovative service to keep their customers satisfied and expand their customer base. The bank's corporate customer advisors are already extremely adept at handling the software and are ready and able to provide customers with advice and support.

Small and medium-sized enterprises (SMEs) often lack a well-organised system for business processing. While many companies believe they are already well set-up with their internal business processes, the authors of a 2012 study entitled "Financing in small and medium-sized enterprises" conducted by the Deloitte SME Institute at the University of Bamberg do not agree. According to them, SMEs – as well as start-ups and the self-employed – are often unable to cope with the complex demands of business processing. Incorrect invoicing, inadequate sales statistics and an insufficient overview of current estimates are the main culprits when it comes to causing financial losses. In the worst case scenario, they can even plunge businesses into insolvency.

Harald Trautsch, CEO of everbill, comments on this: "Experts estimate that 15 per cent of services provided by companies are never invoiced because they simply get forgotten. These slip-ups in business processing lead to considerable financial losses and can even drive a company towards insolvency. Together with Bank Austria, we want to prevent SMEs from falling into to this often avoidable trap and help them with handling business processes. By supporting SMEs, which make up a large proportion of our domestic economy, we are aiming to enhance Austria's appeal as a place to do business".

In the words of Helmut Bernkopf, Bank Austria Management Board member responsible for private and corporate customers, "Bank Austria has been a leading provider of innovative solutions for businesses for many years now. With our special tools, we give companies the opportunity to identify their areas of potential, pinpoint any weaknesses and work out optimum strategic solutions and planning scenarios with the help of our advisors. We have continuously expanded our wide range of service tools over the past few years and adapted them to suit the needs of SMEs and smaller companies. Our partnership with everbill offers our customers innovative added value. We are delighted to be the only bank in Austria that can help customers plan and implement their business processes using this software".

Bank Austria is Austria's leading corporate bank and a long-term strategic financing partner for Austrian industry, from commercial customers through to major enterprises. Export-focused corporate customers in particular benefit from Bank Austria's extensive network and its foothold in 13 countries across Central and Eastern Europe, as well as the global UniCredit network. Bank Austria is also the principal bank for most corporate customers and wins particular plaudits for its funding expertise and excellent contacts with funding bodies.

About everbill
everbill was launched in 2012 as a spin-off from the Austrian online agency Blue Monkeys. Its head office is in Silicon Valley and it has an operating subsidiary based in Vienna. everbill's aim is to boost companies' success by enabling them to carry out core processes securely and cost-effectively via an online platform. Customers can benefit from this service for a monthly fee of EUR 12.00 (plus VAT). Over half a million invoices with a total value of EUR 1 billion have been processed to date by 3,000 users. everbill has received a number of accolades, including the Austrian State Prize for Multimedia and the US-A-Biz Award.

Enquiries:
Bank Austria Media Relations everbill GmbH
Martin Kammerer Michael Kunz
+43 (0) 50505 - 52803 +43 (0)1 5225303
martin.kammerer@unicreditgroup.at    michael@everbill.com