Embedded B2B Payments
Convenient, fast, and secure payment options so your customers have everything they need to pay their invoices.
If you’re like most companies in the B2B space, you’ve had to deal with late payments. They hurt your bottom line, make it difficult to manage cash flow, and create a stressful work environment. Late payments also cause friction in your relationships with customers.
However, late payments are rarely intentional. Sometimes, they're overlooked. Occasionally, they're not the buyer's fault - especially if they're forced to deal with a confusing payment process.
This blog explains how automating your AR (accounts receivable) process goes a long way toward reducing or even eliminating late payments, strengthening your cash flow and giving you the capital on hand needed to grow your business.
Customizable reminders
As a business owner, you know how easy it is for certain things - like invoices - to fall through the cracks. A gentle reminder helps. But not many B2B companies have the bandwidth to make all those phone calls.
Bill360 enables you to set up workflows that send automated payment reminders via email. You have complete control over the messaging, and can send the alerts to whomever, whenever, and how often you choose. That way, you're not bugging the customers who do pay on time. And you and your team aren't burning hours sitting on the phone.
Customer portals
With features like payment-ready e-invoicing and auto reconciliation, accounting automation was designed to make things easier for the seller. But the right platform accelerates collections by simplifying the buyer's payment process.
At Bill360, we give your customers 24/7 access to their own portal. That's where they can pay bills, update payment information in their digital wallet, and check invoice status. If a customer has a question about an invoice, they can reach you through instant messaging rather than playing phone tag or waiting on an email. In a matter of seconds, your customers have the information they need to pay you on time, eliminating payment delays.
Easier payment methods
An AR process cannot be efficient if it's heavily reliant on checks. Checks remain very vulnerable to fraud and can take days or even weeks to arrive and clear, slowing collections and grinding cash flow to a halt.
The best way to reduce or eliminate check usage is to provide customers with faster, safer payment options. They can pay digitally via ACH and credit cards by simply clicking a button. Invoices emails can also be embedded with "pay now" links, allowing your customers to forego their wallet and make-one payments immediately. Lastly, AR automation gives customers the chance to enroll in AutoPay and have recurring fees drafted from the preferred method of payment.
Get paid faster with Bill360
Bill360 is accounting automation built for B2B companies like yours. We combine e-invoicing, auto reconciliation, and payment processing for cards and ACH in an embedded platform that gets you paid an average of 10 days faster. One client sliced reduced their wait time by 88%.
Pop into our video library to see our platform in action and hear testimonials from real Bill360 clients.
FAQ
What are customer portals?
Customer portals enable your clients to make payments, access and update their digital wallet, and get invoice questions answered in real time, enabling them to pay you on time.
How can AR automation get B2Bs paid faster?
AR automation simplifies the payment process, enables you to send multiple e-invoices at once, and has features like AutoPay and invoice emails embedded with "pay now" links.
What makes Bill360's reminders different?
Payment reminders from Bill360 are completely customizable and can be sent to anyone, any time, and how often you choose. You don't have to worry about pestering the customers who pay on time.
