In this article, let's understand how to manage recipients in your RBC business bank account. The existing support articles on the RBC website can be vague and lack clarity. Let's provide straightforward instructions for managing recipients and ensuring smooth payments on your RBC business account.
The amount of manual work involved in sending a payment is unimaginable. Banks make life difficult for finance teams, adding unnecessary steps to their workflow.
RBC's banking software is outdated and clunky, but Finofo offers an intuitive global AP/AR platform that lets you manage your bills, make payments to vendors, track incoming funds, and streamline your FX conversions.
Adding beneficiaries in Finofo is straightforward, and once added, there is no waiting time—bills can be processed immediately. The beneficiary addition includes an approval process for different Finofo users, adding a layer of security for accounting teams. The list of beneficiaries can be edited and updated, allowing for efficient processing of payments as needed.
There is a better, more efficient way than banks to manage your global payments. Are you interested in learning more? Book a demo here!