How to Revolutionize Business Payments
Transform Bill Pay into a High-Adoption Profit Center for your Bank
Bill.com has identified the major challenges small and midsize businesses face with their payables and receivables processes, how bill pay has fallen short, and how banks can come to the rescue and cement long-standing relationships with their customers.
Companies don't pay the way they work—Almost every businessperson uses a tablet, smartphone and other high-tech tools. But, despite plenty of payment options, most business payments are still made using paper checks. Barlow Research reports that only a small percentage of payments — 23% of small business payments and 13% of mid-market payments — are electronic. An even smaller percentage of payments go through online bill pay systems, with only 8.5% of small business payments and 1% of mid-market businesses using them.
Learn about all the challenges and the solutions that can empower banks to become the hero to their small business customers.
Bill.com® Connect is a powerful, business payments platform that places your bank at the center of your small and medium business customers’ payables and receivables processes. Visit bill.com/banks to learn more.