Embedded B2B Payments
Convenient, fast, and secure payment options so your customers have everything they need to pay their invoices.
A messy AR (accounts receivable) process leads to payment delays and makes it hard to manage cash flow. It also creates a stressful working environment and friction between you and your customers.
PYMNTS reports companies are sending almost 50% more invoices than ever before, making this the perfect time to embrace AR automation software. Your B2B will get paid faster, giving your cash flow a boost. Automating your AR process also streamlines operations, saves your team time, and enhances communication with your customers.
This blog explains how AR automation software brings calm to your company. It also breaks down the barriers that may prevent you from adopting it.
Negatives of a manual process
A manual AR process can be a struggle for a growing business. Your team may not have the resources or time to handle the increase in invoices and accounts. This leads to mistakes, slow cash flow, and unsatisfied customers.
You’re also encouraging customers to pay with checks by limiting their options. Checks are slow to arrive and clear. They can easily get misplaced or filed incorrectly. Some banks withhold funds if the check is more than a certain amount, slowing cash flow and confusing customers. Worse, checks leave you and your customers vulnerable to fraud. The Association for Financial Professionals reported that 63% of the companies surveyed dealt with check fraud in 2024.
Manual work costs money. You’re constantly buying more paper, envelopes, and stamps. That may also turn off the 36% of buyers who said they’d switch vendors if their sustainability needs weren’t met.
The SaaS-based solution
AR automation is more than creating and sending invoices. It handles everything from matching payments to invoices to processing, freeing your team from mundane accounting tasks and ensuring your AR process is fast and accurate. You can also set up workflows that automatically send payment alerts whenever to whomever and how often you choose.
Your AR process is no longer spread throughout various spreadsheets and laptops. Information is stored securely in the cloud and accessed by anyone authorized to do so. All they need is a device and an internet connection. Your employees don’t have to be in the same office, city, or country to collaborate and address your customers’ needs. AR automation software is built to scale; there’s no risk of burning out your team or spending money updating and purchasing new equipment.
Crucial metrics like AR aging and DSO (Days Sales Outstanding) are at your fingertips through a clean dashboard updated in real time. Rather than crunching the numbers and wondering which invoices have been paid and which are still outstanding, you get an accurate picture of your company’s financial health. That makes it easy to manage cash flow and make well-informed decisions.
Your customers have access to self-service portals to see their entire invoice history and make payments on their time. They can also set up and manage digital wallets that securely store credit card and banking information. This feature makes paying a bill as simple as clicking a button. You’ll get paid faster and your customers will appreciate a convenient payment process craved by today’s B2B buyers – most of whom were born after 1980 and want to be using the latest technologies available. Providing digital payment options to customers also eliminates the risk of check fraud and makes your business more sustainable.
Breaking the barriers
Business owners fear they don’t have the team, time, or technical expertise to effectively use SaaS-based accounting software.
AR automation software was built to make life easier for B2B companies. The right platform takes little time to set up and learn, and reliable support should be a phone call away. The software may have been made by AR experts, but it doesn’t require an expert to use it. The right software is intuitive and user-friendly, so anyone in your organization can be a user.
Your customers can use features like AutoPay, where recurring fees are drafted from their digital wallet. They have one less deadline to worry about, and you’ll get paid at the same time each month or whenever you choose. You customize AR automation software to fit the needs unique to your company.
Bill360: Simplifying AR for B2B
AR automation software from Bill360 was built to help B2B companies work smarter and get paid faster. Our secure platform creates and distributes payment-ready e-invoices, matches invoices to payment, and handles processing for cards and ACH. Our innovative dashboard provides the information you need to accurately manage cash flow. Customers can log in to self-service portals to set up digital wallets, make payments, and get complete access to their invoice history.
Bill360 requires less than an hour of training and syncs seamlessly with QuickBooks and Xero. You’ll be using our platform the same day you implement it. And our in-house, U.S.-based support staff is by your side every step.
Schedule a free demo and see how Bill360 gets customers paid an average of 36% faster and saves them 15 hours per week.
