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IBOS member Ulster Bank has introduced the innovative ClearSpend mobile app for business customers, becoming the first bank in Ireland to put real-time company budget control in customers’ pockets.

ClearSpend is a free app, which was developed in partnership between Ulster Bank’s parent company, RBS and SpendLabs, a Silicon Valley start-up. The first of its kind, ClearSpend allows businesses to set budgets at company, business and cardholder level, place limits on spending, receive real-time alerts and control when, where and how commercial cards can be used. The app links directly to the bank’s card processor, which enables users to see transactions as they happen including real-time balance and credit limit information.

The app helps companies to minimise the amount of time that they spend administering expenses, without compromising on the level of control they have over budgets.

Read the full press release via Ulster Bank here