Alterna Savings launches MyReceipts™, a seamless digital receipt management solution powered by Sensibill

TORONTO, July 20, 2018 /CNW/ - Alterna Savings members can now save and organize their receipts right from their Alterna Savings mobile banking app with MyReceipts™, a seamless digital receipt management solution powered by Sensibill. This secure tool allows Alterna members to snap, save and store their receipts in real-time. From there, members can break down spending habits and itemize purchase information any way they like.

MyReceipts™ makes managing receipts for Alterna Savings members a lot easier. The digital receipt management tool helps to stay organized well in advance of tax time, captures incredibly detailed purchase information for budgets, saves retail receipts directly in the app for return/warranty purposes, and lastly tracks and organizes expenses in customizable folders.  Alterna Savings members can snap, save and download detailed information that not only meet CRA requirements, but also helps them never hunt down a receipt again.

"It's all about empowering our members with convenient solutions that allow them to take control of their finances." explains Rob Paterson, President and CEO of Alterna. "More businesses are looking to partner with value-driven financial institutions like Alterna Savings who provide on-the-go banking solutions to their members. So, quick and easy access to mobile banking services is what we strive to offer them. Thanks to our partnership with Sensibill, members will no longer have to hunt-down receipts and manually itemize them for tax purposes. MyReceipts™ keeps track of their expenses, which makes managing their money a lot easier for them."

At Alterna, we strive to meet the changing needs of our members by providing digital options, online and mobile conveniences. We are pleased to add to our members' experience this advanced and powerful receipt processing engine that employs 'Bank Tough' security controls to guard customer data. Alterna Savings partnership with Sensibill gives our credit union's mobile app a distinct edge in the market, as the only credit union in Canada to offer a robust backend receipt processing engine powered by Sensibill.

"It gives us great pleasure to support Canadian credit unions - especially customer-focused organizations like Alterna. They serve to remind the industry that size doesn't prohibit innovation, and we look forward to helping them ramp up their digital efforts," said Corey Gross, CEO & Co-Founder at Sensibill.

About the Alterna Financial Group

The Alterna Financial Group (Alterna) is celebrating 110 years of being the good in banking! Alterna is made up of Alterna Savings and Credit Union Limited and its wholly-owned subsidiary, Alterna Bank. Together, we have over $6.83 billion in assets under administration. Our members and customers benefit from industry leading online brokerage and investment management services and have access to the largest surcharge-free ATM network in Canada, with over 3,700 ATMs to serve them.

Alterna Savings has been charting new directions to help Ontarians and achieve their financial dreams and build strong, vibrant communities for more than a century. As the first full-service, member-owned co-operative financial institution outside Quebec, Alterna Savings shares our expertise with more than 157,853 members through a network of 32 credit union branches across Ontario, including our federated partner Peterborough Community Savings, a division of Alterna Savings and Credit Union Limited. 

Alterna Bank is one of the most innovative banks in Canada and the first to offer all Canadians an end-to-end digital mortgage experience. Customers also get fully-digital financial services that include our highly competitive high-interest eChequing, eSavings, RRSP and TFSA products available online and through mobile banking.

For more information please visit www.alterna.ca and www.alternabank.ca and connect with us on https://twitter.com/alternasavings.

About Sensibill

Sensibill works with the most innovative global financial institutions to solve their customers' pain point of managing receipts. Sensibill's solution drives net new engagements across online and mobile banking channels, while unlocking deep purchase insights across all payment methods. The service is fully white-labeled, designed specifically to meet bank requirements and is live with Tier 1 financial institutions today. To find out more, visit www.getsensibill.com, and connect with us on twitter.com/getsensibill and linkedin.com/company/sensibill-inc-.

SOURCE Alterna Savings and Credit Union