Payment policies with more flexibility
Customize payment policies for each of your customers. With Billtrust, you can set configurable rules by customer segments and your business goals, allowing you to establish granular financial controls. On average, our clients see 40% more electronic payments and save 6 minutes per e-payment in productivity gains.
Payments made easier.
For everyone.
Faster payments
Accept payments anywhere, anytime, through a variety of channels, and automate the entire payment lifecycle, from acceptance to cash application.
30% lower costs
Lower your payment processing fees with flexible card policies customized for each customer or group. Billtrust clients cut their costs by up to 30% on average.
More ways to pay
Build stronger buyer relationships. Give customers the ability to pay how they prefer, through any channel—even your own branded payment portal.
Policies your way
The confidence-based matching engine is powered by machine learning, so it learns from your exceptions and your exception-handling behavior.
Drive adoption
Encourage your customers to embrace digital payments. Billtrust’s eSolutions offer outreach campaigns to educate buyers and drive digital transformation and portal utilization.
Proactive risk mitigation
AI offers deep insight, identifying decreases in invoice or payment volumes. Forecast cash flow with AI accuracy and use propensity modeling to predict disruptions in cash reserves.
Payment options galore
Give buyers more choices. Billtrust offers a variety of payment modalities including EFT, credit cards, virtual cards, SEPA Direct Debit, and other common international payment modalities, all while automating remittance capture directly into your ERP system.
Goodbye processing fees
Lower or even eliminate the cost of payment processing. Billtrust helps you establish policies and control how credit card processing fees are passed through to customers.
Your Digital Lockbox
Capture virtual cards safely and automate the processing of virtual cards from any AP provider. With a Digital Lockbox, security protections are built in, so you can breathe easy.
Industry benchmarks
See how your payment speeds compare to others in your industry. Billtrust’s benchmarking intelligence includes a days-to-pay index.
Buyer portal
Your customers can view, manage, and pay their bills easily via your Billtrust buyer portal. Build buyer confidence and loyalty with the ease of self-service and a branded experience.
Trusted by global brands
Gen Z is Forcing a B2B Payments Revolution: Is Your Business Ready?
- Learn about Gen Z's impact on B2B payments.
CUSTOMER STORY
Automated payments save time and money.
Action Carting Environmental Services saves thousands of dollars per year through digital payments with Billtrust.
increase in digital
payments
hours of work saved
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annual postage savings
CUSTOMER STORY
Increase productivity and lower fees
A pharmaceutical distributor recaptured valuable employee time processing one-off credit card payments.
in annual savings
drop in processing fees
increase in
transactions
CUSTOMER STORY
Streamline workflow and refocus teams
Virtual credit card capture technology helps electrical distributor save time and money
increase in digital
payments
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PCI
security enhanced
Accelerate cash flow with AI-powered solutions.
Cash Application
Precise cash matching with AI.
Reduce errors and match payments accurately with our AI-powered cash application software.
Invoicing
Invoicing made simple.
Automate invoicing to eliminate errors and ensure timely, accurate billing.
eCommerce
Effortless online sales.
Integrate your eCommerce and ERP for smoother order and transaction management.
Credit
Smarter credit decisions.
Simplify credit approvals and assessments for lower risk and greater accuracy.
Collections
Intelligent collections.
Automated collections processes reduce delinquency and improve cash recovery.
Minimize manual work with intelligent AI
Automatically manage the order-to-cash process with Billtrust’s AI-powered solution. Get predictive intelligence for smarter AR decision making while enhancing the customer experience.
Dig deeper into B2B payment processing
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Frequently asked questions
What are the benefits of automated B2B payment processing?
Benefits include reduced manual work, faster cash flow, lower DSO, and significant cost savings through optimized payment acceptance and automated reconciliation.
How can businesses reduce B2B payments processing costs?
They can reduce costs by automating manual tasks, using intelligent payment routing to lower transaction fees, and leveraging unified payment platforms that streamline processes.
What are customer payment preferences in B2B?
Preferences vary; while some businesses prefer traditional checks, many now opt for electronic payments like ACH, credit cards, or digital wallets, often managed via unified payment platforms.
How do automated payment services reduce DSO?
They enable instant payment processing, offer multiple payment options, automate reconciliation, and eliminate delays, thereby reducing DSO.
What methods are available for managing customer payments?
Modern AR platforms offer multiple options such as ACH, credit cards, digital wallets, and customer self-service portals for invoice viewing and payment management.
What is the main function of accounts receivable?
Its main function is to manage and collect payments owed by customers for goods or services sold on credit, thereby ensuring healthy cash flow and minimizing bad debts.
What is B2B payment processing?
B2B payment processing involves accepting and reconciling payments across multiple channels including ACH, wire transfers, checks, credit cards, virtual cards, and portal-based payment systems. Billtrust Payments enables these channels while automating payment reconciliation, capturing Level 2 and Level 3 card data for reduced interchange fees, and integrating with other AR modules for streamlined cash flow management.
What is the best B2B payment solution?
The best B2B payment solution is a comprehensive and configurable platform that meets the specific needs of your business and your buyers. It should automate the entire payment lifecycle to cut costs and reduce manual work. Billtrust Payments is designed to be this solution. Our platform offers unmatched flexibility, allowing you to set granular payment policies and accept payments across all channels—from ACH and credit cards to our automated Digital Lockbox for virtual cards. It provides flexible payment options paired with automated reconciliation, cash application, and analytics in a unified platform—particularly effective for complex invoice-based, multi-channel B2B transactions that require customizable payment policies and robust reporting.
What are the payment methods for B2B?
Common B2B payment methods include ACH/electronic funds transfers, wire transfers, credit card and virtual card payments, checks and lockbox services, and AP portal or procurement system payments. The trend is moving towards digital payments, but managing this variety can be complex. Billtrust’s platform supports all major payment modalities in one place, automating payment reconciliation and integrating them into an AR workflow that accelerates cash flow while reducing manual processing time.