Consumer-facing businesses aren’t the only ones eyeing digital payments for greater efficiency. See how to grow your business with B2B billing solutions.
Although there’ll probably be diehards who continue to put paper checks in the snail mail before their bills are due, the digital revolution ushered in the online payments movement, and most people and businesses aren’t looking back. As an ISO payment processing Agent and trusted advisor to merchants, you can show your clients why it makes dollars and cents to streamline B2B billing with payment processing solutions. Help make drowning in paperwork a thing of the past for small businesses eager to get their bill-paying house in order.
Benefits of using digital payments for B2B billing.
Speed is of the essence for small businesses that don’t have time to waste dealing with paper checks, cobbling together invoices, and managing back-office tasks. Digital B2B billing offers the upside of fast payments with no waiting for days on end for paper checks to clear. This gives merchants a more reliable cash flow, putting them in a stronger operational position to grow and evolve.
Plus, B2B billing handled through digital payment processing solutions means mailed checks won’t mysteriously go missing anymore and put stakeholders’ financials at risk. Switching from paper-based to digital reduces the chances of sensitive data leaking due to carelessness or mere chance.
A B2B billing platform also allows small businesses to provide the innovative payment features people are looking for, like recurring payment and choice of payment methods, such as payment cards and ACH. Offering these options could give customers the incentive to do business with your ISO payment processing clients versus a rival that hasn’t invested in meeting marketplace demands for modern innovation.
ISO payment processing solutions create less waste.
Think of the cost savings small businesses will enjoy by choosing to put paper-based B2B billing in the rearview mirror. The expenses involved with processing physical checks and postage add up quickly while slowing down efficiency. Merchants might find they’re able to reduce headcount or evolve certain job roles as a result of adopting payment processing solutions for B2B billing. Also, small businesses can show consumers they care about the environment by reducing the waste associated with handling bills through pieces of paper destined to get tossed in the trash.
Furthermore, digital B2B billing saves time. Digital processes automatically keep records of each transaction, and small businesses can provide customers with their payment details ahead of time so they can be confident their money is heading to the right account. Meanwhile, merchants won’t have to play detective and try to match paper checks to the right account if they arrive with some info missing, another task that drives up costs. Digital platforms automate processes so that customers can’t submit a payment if any of the required fields are incomplete, making it easier for small businesses to ensure their records are in order.
Help your merchants modernize B2B billing processes.
Educate your clients on how digital payments for B2B billing improve speed and efficiency on the accounting front while trimming costs and giving customers safer, smarter, and more convenient experiences.
New to ISO payment processing solutions for B2B billing? Contact us for information on how to help businesses modernize their billing processes and grow your portfolio in the process.
