Close Menu
  • Briefing
    • Cover Story
    • Latest News
    • Counties
  • Politics
    • Society
  • Special Reports
    • Companies
    • Enterprise
    • Money
    • Technology
  • Columns
  • Dispatches from China
  • Member Content
    • Shop
  • Contact Us
    • About us
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram LinkedIn
Nairobi Business Monthly
Subscribe
  • Briefing
    • Cover Story
    • Latest News
    • Counties
  • Politics
    • Society
  • Special Reports
    • Companies
    • Enterprise
    • Money
    • Technology
  • Columns
  • Dispatches from China
  • Member Content
    • Shop
  • Contact Us
    • About us
Nairobi Business Monthly
Home»Briefing»Stanbic Bank launches an electronic billing system
Briefing

Stanbic Bank launches an electronic billing system

NBM CORRESPONDENTBy NBM CORRESPONDENT9th May 2018Updated:23rd September 2019No Comments2 Mins Read
Facebook Twitter WhatsApp Telegram Email
Share
Facebook Twitter WhatsApp Telegram Email

Stanbic Bank Kenya has launched an automated online platform known as e-Biller that will enable businesses to process invoices and generate payment instructions.

The online platform is the first of its kind in the country and according to the bank, it is suited for businesses across all industries especially those that handle massive volumes of payments. The introduction of the platform also does away with the strenuous manual paper based reconciliation that firms have to constantly go through. Instead, it streamlines the process of billing, reconciliation and payment thus accelerating the once laborious process.

According to the Chief Executive of Stanbic Bank, Charles Mudiwa, the new platform brings with it improved efficiency while minimising errors. It ensures there is an electronic audit trail that shows the history of all transactions.

The Nairobi Law Monthly September Edition

“Innovation is in our DNA. This is what we are tapping into to solve a challenge that many companies in Kenya grapple with, leveraging technology. E-Biller enables companies to stay competitive and ahead of their sectors by enhancing efficiency, and minimising cost of labour. When we empower companies to succeed this way we drive Kenya’s growth,” he said.

Additionally, a partner in the project, AIG Kenya Insurance through its managing director, Catherine Igathe, also hailed the new online platform, stating that the solution is expected to greatly improve their billing and collection processes.

“AIG worldwide is known to lead the way in finding customized solutions to clients’ unique challenges and partnering with Stanbic to roll out the e-Biller platform to our travel agents is testimony to our relentless quest to make our clients enjoy peace of mind while doing business with us. Indeed it forms part of our key strategic pillars of digitization”, said Catherine adding that the new platform does away with the challenge of manually issuing invoices to agents and the collecting of travel premiums at the end of every month. 

The new platform, she said, is cost effective as it automates the reconciliation process, is a critical function for their organization.

The launch of the online platform has closely followed the launch of Kenya’s first ever Automated Float Purchase, by Stanbic Bank Kenya, for M-Pesa agents. This is the platform that allows agents to top up their float from any of Stanbic bank’s cash deposit machine at any branch as long as it is during the banks’ working hours.

The Nairobi Law Monthly September Edition
Follow on Facebook Follow on X (Twitter) Follow on WhatsApp
Share. Facebook Twitter WhatsApp Telegram
NBM CORRESPONDENT

Related Posts

Kenya mandates GPS coordinates to end ghost projects

4th July 2025

Ruku admits public servants are underpaid, calls for urgent reforms

3rd July 2025

Health ministry clarifies Sh208,000 pay structure for medical interns

3rd July 2025

Digital credit access boosts financial well-being, study finds

3rd July 2025
Add A Comment

Leave A Reply Cancel Reply

The Nairobi Law Monthly September Edition
Latest Posts

Experts warn over rising noodle intake among Kenyan children

4th July 2025

Kenya mandates GPS coordinates to end ghost projects

4th July 2025

Kenya’s push for nuclear energy gains momentum at Kigali summit

4th July 2025

New partnership drives innovation and entrepreneurship in Botswana

4th July 2025

Ruku admits public servants are underpaid, calls for urgent reforms

3rd July 2025
The Nairobi Law Monthly September Edition
Nairobi Business Monthly
Facebook X (Twitter) Instagram LinkedIn
  • About Us
  • Member Content
  • Download Magazine
  • Contact Us
  • Privacy policy
© 2025 NairobiBusinessMonthly. Designed by Okii

Type above and press Enter to search. Press Esc to cancel.