Most companies have different teams dealing with invoices and collections, respectively. In the medical sector, invoicing and collections can happen in entirely separate branches of an organization.
That means an invoice submitted into an AP portal and approved with an assigned payment date might appear delinquent to a collector since they don’t have access to the invoice status.
BPN solves this knotty little problem by creating a centralized place everyone in AR can access to review invoice statuses.
That’s just one example of how BPN and other Billtrust solutions solve issues that you should no longer have to wrestle with. The level of risk and complexity created by accounts payable (AP) portals and traditional B2B payment processes even before shouldn’t be acceptable for anyone. Not anymore.
BPN and Billtrust mitigate the risk and remove the complexity for medical supplier AR teams. They can focus their time on more important matters, like providing better customer service even as you’re paid faster and taking control of your cash flow as never before.
Let’s also not forget another BPN benefit: It helps with your potential for selling to more customers in more regions, thanks to its global portal integrations.
For medical suppliers, the challenges of dealing with AP portals might seem daunting. It takes a unique and best-in-class digital B2B payment technology to overcome them. Really and truly, BPN is that one-of-a-kind solution.