Financial operations platform BILL announced Wednesday the latest expansion of BILL Supplier Payments Plus, featuring new capabilities that further extend the solution’s ability to automate and intelligently orchestrate payments and cash application for enterprise suppliers, streamline payments for small and midsized businesses, reduce manual work, and support enterprise-grade controls.
By sitting between buyers and suppliers, BILL absorbs complexity at scale to reduce friction across both sides of the transaction, the San Jose, CA-based company says.
As payment volumes increase and digital adoption accelerates, suppliers are under growing pressure to manage fragmented payment workflows and complexity at scale, BILL says. By strengthening the connection between SMBs and enterprise suppliers, BILL helps both operate with greater speed and predictability.
“B2B payments are complex, requiring orchestration, trust, and precision across both SMBs and their enterprise suppliers,” Mary Kay Bowman, executive vice president and general manager of payments and financial services at BILL, said in a statement. “Across our network of more than 8 million businesses, BILL operates at the center, absorbing complexity at scale so customers on both sides can move money with greater clarity and control. This latest expansion reflects our continued innovation to make payments and cash application more seamless, intelligent, and connected and BILL is uniquely positioned to continue removing friction across the transaction lifecycle.”
BILL now brings automated payment processing and cash application from SMBs into a single experience for enterprise suppliers, combining payment orchestration, routing, remittance capture, reconciliation, and settlement controls in one solution.
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Enhancements include:
- Card straight‑through processing: Automates card payment processing and settlement by depositing funds directly into supplier accounts, eliminating manual receipt processing and exception handling; streamlining high‑volume payment workflows.
- Intelligent payment preferences (Card and ACH): Enables configurable payment rules for speed and cost, helping improve days sales outstanding and enabling suppliers to get paid up to approximately seven days faster with more predictable cash flow.
BILL is also extending digital payment capabilities for enterprise suppliers to receive payments from their SMB customers, both inside and outside the BILL network, expanding total reachable payment volume across its infrastructure.
Enhancements include:
- Payment links: Allows suppliers to accept card and ACH payments from SMBs through a simple payment link—no BILL account creation or portal required.
- Digitizing off‑network volume: Converts paper checks and manual payments into digital transactions, helping eliminate friction and accelerate digital adoption.
- Unified visibility across all incoming payments: Provides a single dashboard view of payments from both in‑network and out‑of‑network businesses, strengthening forecasting accuracy and operational control.
More information on BILL Supplier Payments Plus can be found here.
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Tags: BILL, payments, Small Business, smb, smb payments, suppliers, Technology
