"The expansion of Supplier Payments Plus allows enterprise suppliers to accept payments from any SMB customer, including those without a BILL account, streamlining the payment process."
"Payment Links enable enterprise suppliers to send a payment link to any SMB customer, facilitating card or ACH payments without requiring a BILL account, thus reducing onboarding friction."
"The new feature captures, reconciles, and routes receivables into the supplier's existing workflow, providing visibility across all incoming payments regardless of their origin."
"This strategic shift allows enterprise suppliers to manage all customer payments through a single dashboard, eliminating the need to segment customers into 'on BILL' and 'off BILL'."
BILL has expanded its Supplier Payments Plus product, enabling large enterprise suppliers to accept card and ACH payments from any SMB customer, even those without a BILL account. This expansion automates the conversion of paper checks into digital transactions and deposits payments directly into supplier accounts. The new feature, Payment Links, eliminates onboarding friction, allowing suppliers to manage all incoming payments through a single dashboard. This change can shorten collection times by approximately seven days and simplifies the payment process for enterprise suppliers with diverse customer bases.
Read at TNW | Finance
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