BILL Launches “Supplier Payments Plus” to Streamline SMB-to-Enterprise B2B Transactions
BILL Unveils Supplier Payments Plus to Streamline High-Volume B2B Payments
BILL, a leading financial operations platform for small and midsize businesses (SMBs), has announced the launch of Supplier Payments Plus, a new solution designed to help large suppliers efficiently process, reconcile, and manage high volumes of payments from thousands of SMBs. This innovation aims to reduce manual work, accelerate cash flow, and enhance the overall B2B payment experience for both payers and recipients.
“This innovation not only drives more value for large suppliers – it also marks a key step forward in advancing our vision of a more connected, intelligent and robust payments ecosystem,” said Mary Kay Bowman, EVP and GM of Payments and Financial Services at BILL.
Tackling Persistent AR Challenges for Enterprise Suppliers
Enterprise suppliers often face the burden of processing thousands of small-dollar payments from SMBs—many of which arrive with incomplete or inconsistent remittance information. This leads to delays in cash application and high operational overhead for accounts receivable (AR) teams.
Supplier Payments Plus addresses these pain points with:
- Customizable remittance files for automated AR processing
- ERP-compatible workflows that require no IT resources for implementation
- Check-to-digital conversion to reduce paper processing
- Daily reporting and reconciliation tools for finance teams
This solution can be deployed in weeks, significantly faster than legacy systems, and it integrates seamlessly with existing ERP and automation tools.
Strengthening Both Sides of the Payment Equation
The launch not only supports enterprise suppliers, but also enhances the experience for BILL’s network of over 7 million SMB users, who now benefit from:
- Faster payment confirmations
- Simplified, digital-first payment experiences
- Less time tracking payments or clarifying remittance data
“BILL’s SMB customers know their suppliers are critical to their success,” said Bowman. “That’s why we’re investing in capabilities that deliver value on both sides of the transaction.”
Key Benefits of Supplier Payments Plus:
- Up to 90% reduction in manual AR effort
- Accelerated digital payment adoption
- Improved supplier cash flow and buyer satisfaction
- Rapid onboarding with no IT support required
With Supplier Payments Plus, BILL is furthering its mission to build a connected, intelligent financial ecosystem that empowers SMBs and their partners to operate more efficiently and grow together.
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