If the idea of having all your bills in one central location sounds good to you, then you’re not alone.
Respondents in a recent user survey* by account management specialist Manilla ranked this feature near the top of the “convenience scale” with it comes to handling bills.
For Jim Schinella, CEO of Manilla, this is evidence that “consumers value the ‘everything in one place’ paperless experience that Manilla provides.”
Consumers can use Manilla to manage household finances such as utility bills, subscriptions, and travel rewards programs. The technology is free, and can be accessed online at Manilla.com, as well as via iOS and Android mobile apps.
Other top metrics from the survey:
- 84% users prefer online statements to paper mail
- 70% of respondents use online bill pay
- More than half of all users receive more than 75% of their statements electronically
How important should this be to banks? More than 40% of the respondents believed having Manilla integrated into their bank’s website would increase their bank bill pay use. Said Schinella, “from the beginning, we felt that Manilla’s powerful digital mail capabilities fit naturally inside a bank experience.”
Manilla was last on stage
in September as part of FinovateFall 2013. The company was in the news recently with the announcement of its Bill Manager integration with AOL. Read more here
*Manilla surveyed more than 1000 users by email over the course of several days in October.
This post is part of our live coverage of FinovateFall 2013.
Coming to the stage now is the team from Manilla
. Manilla will be demonstrating how their bill management solution has been integrated into AOL Mail.
“Manilla launched a distribution deal within AOL reaching 24M users. Manilla is now seamlessly integrated into AOL Mail as the new AOL Bill Manager tool powered by Manilla. Manilla’s new email import feature will scan a user’s AOL inbox and suggest providers that the user has an account with and load them automatically into Manilla. The AOL Bill Manager Powered By Manilla will provide partners with increased engagement, additional marketing opportunities, enhanced data insights and more.”
Product Launch: August 2013
Metrics: More than 500,000 users, on track to reach 1M by the end of the year, more than 3M linked accounts; 3,500 businesses under management, 50+ employees, & distribution deal within AOL, reached 24M users.
Product distribution strategy: Direct to Consumer (B2C) & Direct to Business (B2B)
HQ: New York City, New York
Founded: February 2011
Presenting Christopher Victory (VP, Business Development) and Jim Sullivan (Director, Business Development)
The full demo video will be available at Finovate.com in mid-September.