Embedded B2B Payments
Convenient, fast, and secure payment options so your customers have everything they need to pay their invoices.
There is no better time than now for B2B commercial printers to seek more sustainable printing practices. Bain and Company reports 36% of buyers would change suppliers if their sustainability requirements weren’t being met, and half would pay a premium of 5% or more just to work with environmentally responsible vendors.
Many printers have made strides toward sustainability by embracing digital workflows and using Forest Stewardship Council (FSC)-certified paper that comes from responsibly managed forests. The next step is automating their AR (accounts receivable) process.
Automation isn’t foreign to printers, who have embraced it quicker than others. This blog explains how applying it to their AR process can help commercial printers grow more sustainable and make themselves more attractive to buyers.
Less paper, less waste
A manual AR process is detrimental to a business looking to enhance sustainability. Think of how many wastebaskets you fill each year with paper invoices, receipts, envelopes, and checks. Worse, think of how many wastebaskets you make your customers fill each year.
Accounting automation removes paper from your AR process. Payment-ready electronic invoices or e-invoices are immediately emailed to customers as soon as a project is complete. Once it’s paid, the invoice is automatically reconciled to the payment and stored in a secure, digital platform that’s easy to access. It’s more organized and environmentally responsible than filing cabinets packed with folders and receipts.
The right AR automation platform empowers your customers to set up and manage their own digital payment wallets. Rather than stuffing paper checks in paper envelopes, customers use their wallets to make digital payments via credit card or through ACH. Not only are these methods more sustainable but they are far more secure than paying by check and get you paid much faster
Eliminates errors, scales your business
Mistakes can happen to anyone at any time. And they can be costly, especially when it comes to your AR process. Sending customers duplicate or incorrect invoices, for example, creates more waste and weakens your reputation and relationships.
AR automation eliminates human error, ensuring invoices are prepared, shipped, and reconciled to payment correctly. This keeps your finances accurate, maintains your good standing with customers, and prevents you from wasting paper on mistakes.
Because AR automation scales with your business, you won’t have to worry about purchasing more paper, ink toner, or other materials required to ramp up your AR process as you grow. The software adapts to your growing client base and keeps your process flowing efficiently and responsibly.
More time, more ideas
Achieving sustainability is a team effort requiring input and participation from every department. However, it’s difficult for your employees to commit to sustainability-related projects if they’re spending hours on accounts receivable.
AR automation does what it says: it automatically handles time-consuming AR tasks, freeing your staff to help your company achieve a higher grade of sustainability. The right AR automation platform covers the process from end to end – from invoice creation and distribution to reconciling invoices to payments to processing for credit cards.
You can also create workflows that automatically send payment alerts and reminders to customers, saving the time and trouble that comes with making uncomfortable phone calls. Doing so gets you paid faster and eliminates the 14 hours a week that 65% of small-to-medium-sized companies spend dealing with late invoices, according to QuickBooks.
Enhance sustainability with Bill360
The only accounting automation platform created exclusively for B2B companies like yours, Bill360 helps champion sustainable printing practices by eliminating paper and friction from your AR process.
Our end-to-end automation combines e-invoicing, auto reconciliation, and payment processing into a secure, digital platform that not only gets you paid an average of 36% faster than your current process but enables you to run a more environmentally responsible business.
Bill360 saves time, eliminates waste, and gives your customers access to a self-service portal where they can make fast, digital payments through credit cards and ACH. Your commercial printing firm gets paid faster and saves you and your customers from having to purchase and discard large amounts of envelopes, invoices, and receipts.
Bill360 (booth #2577) will be at ISA Sign Expo from April 23-25 in Las Vegas, Nevada. Stop by to meet our team and learn how our accounting automation gives your printing firm the level of sustainability today’s B2B buyers crave.
Participate in a product demo at ISA and receive a Yeti Tumbler. Better yet, sign with Bill360 at the event and go home with a Yeti cooler.
