Bluevine, the leading provider of small business banking solutions, announced the launch of its new accounts payable (AP) offering to help business owners and their teams simplify business payments management from within their Bluevine Business Checking accounts. With accounts payable through Bluevine, business owners can now easily automate each step of their AP process, including bill capture and storage, approval workflows, payment scheduling, automatic accounting reconciliation, and user provisioning and management. As SMBs grow, keeping up with bill payment and management is as much a source of pain as it is essential for optimizing cash flow. With few alternatives available to businesses of this size, the seamless addition of a robust AP feature set and easy-to-use dashboard to Bluevine’s all-in-one digital banking platform reinforces the company’s commitment to helping SMB owners save time and money by applying innovative solutions to everyday problems.
For nearly 10 years, Bluevine has been dedicated to building all of its banking and financial service products with small businesses in mind, tailoring the capabilities and user experience to their specific needs. The company’s focus on business payments is not new. In 2022, Bluevine introduced its initial bill pay offering, providing free ACH and low-cost wires along with the convenience of a payments dashboard to send, track, and manage payments. Earlier this year, Bluevine announced the launch of international payments, enabling SMB owners to send payments globally at competitive rates. With the launch of its accounts payable solution, Bluevine further empowers customers with new bill management and payment features, such as:
Unpaid Bills Dashboard, Your New Digital Filing Cabinet: One place to upload, view, and store all of your bills and invoices. Quickly add bills to your dashboard by taking a photo or uploading a file, then Bluevine captures the data from your bills through optical character recognition (OCR) and presents them to you for one-click confirmation.
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Secure, Delegated Access for Team Members: Add anyone in the company who needs to be involved in your accounts payable process, and set their permissions to reflect exactly what you need them to do.
Route Bills and Payments for Review and Approval: Digitally submit bills and payments for review and approval to one or multiple team members, including setting the logic for the sequence of approvals to optimize how you run your ideal accounts payable process.
Easily Send Payments. Schedule payments from your dashboard with options that meet your preference, whether ACH, Check, Wire, Credit Card, or International Payments – and take advantage of Bluevine’s low-fee payment options. Also, easily track payments to verify when your vendor has received what you owed.
SOURCE: Businesswire