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BMO Spend & Payment Solutions Renews Partnership
with the Province of Ontario
BMO Spend & Payment
Solutions, a division of BMO Financial Group, announced that it has been awarded
a new contract by the Ontario Government to provide a fully integrated corporate
travel and purchase card program that will enhance the Province’s ability to
track, analyze and manage purchasing and employee travel-related expenses.
The Province is now
partnered with a single card issuer that will deliver an integrated solution
that enhances reporting, controllership and cardholder compliance.
“The BMO card program will
become an integral part of the Province’s Single Sign-On Web Portal which
enables employees to submit and reconcile work related expenses quickly and
easily,” said Roman Zydownyk, Assistant Deputy Minister. Roman leads the
Enterprise Financial Services Division of Ontario Shared Services for the
government of Ontario.
“The Province of Ontario has
been a valued strategic partner and we’re delighted to continue working with
them,” said Terry Wellesley, Managing Director of BMO Spend & Payment Solutions.
“Together we have built a card program that will realize potential cost savings
for the Province by streamlining their spend management functions and we’re
taking our card program to the next level by having it fully integrated into
their Web Portal for employees."
“As a result, BMO is able to
improve the efficiency of routine transactions in a common area already accessed
online that minimizes steps employees must take to use their cards and reconcile
expenses. This degree of functionality is increasingly in demand by corporate
and government organizations,” Wellesley added.
The fully integrated
solution for the Province will also work seamlessly with BMO’s details Online,
the bank’s proprietary database for reporting, analysis and management that
enables managers of corporate card programs to review employee spending in real
time, enabling greater expense oversight, streamlined activities, and better
cash flow for their business transactions.
“BMO has been a great
partner. They helped design a highly efficient card program that meets the
Province’s business requirements,” said Roman Zydownyk. “They’ve consistently
demonstrated that they have the scale to grow with us and can continue to help
improve our operations year after year.”
BMO Spend & Payment
Solutions is a Top 10 North American provider of advanced commercial and
corporate card solutions that has continued to grow its commercial card business
by partnering with large and mid-market corporations and public agencies in a
range of industries throughout North America.
In April, BMO Spend &
Payment Solutions announced that it had expanded its Canadian customer base in
both the public and private sectors when it reached card-issuing agreements with
four new card partnerships in British Columbia.
“We find that public sector
organizations and corporations often have needs that intersect,” said Terry
Wellesley. “They want to work with a card partner that can help them streamline
purchasing and accounts payable functions, and apply spend controls that can be
easily tracked.” | 