Finding Innovative Business-to-Business Payment Solutions To Grow Your Organization

With increasing digitization across all elements of life, it comes as no surprise that there is an ever-greater demand for digitized payments, too. The ways in which we can manage money long ago moved from physical methods, such as checks and cash to credit and debit cards, and more recently, to online payment platforms. This shift has been relatively seamless in the world of consumer payments. However, when it comes to business-to-business payment solutions, the move hasn’t been quite so smooth.

B2B Payments – Analog Methods Still The Norm

B2B payments are a relatively complex process and this is the primary reason why many businesses today still use analog methods. In the case of supplier-to-buyer transactions, there are cumbersome processes to be progressed through: drawing up invoices, waiting for 30 to 120 days for payment, dealing with several different platforms and financial institutions, and often many telephone calls. If the payments are happening overseas, there is even greater friction involved in the process.

The overall result is payments are rapidly becoming one of the main pain points for both buyers and sellers, since the traditional process is not only cumbersome but also costly, and, in some cases, unsafe. While there have been digital business-to-business payment solutions out there for some time, until relatively recently, they have been complex and expensive, and this has put them out of the reach of many merchants, and, in particular, those who are running smaller companies.

Meeting The Needs Of Small Businesses

The irony of the situation is that it is small businesses that are most at risk from the cumbersome and risky analog processing of payments. However, the good news is that the tide is turning and the barriers that prevented small companies from finding digital B2B platform solutions are beginning to break down. Finally, business payments have started to catch onto the latest trends in the world of consumer payments, although the progress is relatively slow.

Remaining competitive is paramount in the mind of any business owner, and making the business stand out in a crowded marketplace is always the key to ensuring the organization can grow and thrive. While there are numerous challenges facing small business owners today, finding high-quality B2B payment solutions should no longer be one of them.

Technology is now in place that allows even the smallest business to migrate its entire payment process into an online setting. By integrating the latest innovations into existing business software solutions, companies can now take their payment systems to the next level and, thus, enhance their potential to make money.

Reducing Costs For The Benefit Of Businesses

All businesses are looking for ways to reduce their overheads, especially in today’s difficult financial climate. By using high-quality commercial payment solutions, companies can maximize their received revenue while also cutting costs in a convenient and easy-to-implement way. By eliminating the need for manual payment processing, the cost of processing paper checks is slashed, making even the smallest business more cost effective and able to obtain better value for money for higher profits all around.

Full Compliance

One major issue that troubles small business owners is the need to meet the ever-changing compliance regulations. When this is paired with the extra complexities that come from having to deal with the latest security requirements, it’s no surprise that so many small companies prefer to restrict themselves to physical payment methods in order to eliminate these difficulties from their lives. The good news, however, is that the best payment platforms are fully compliant with all regulations and are also highly secure, guaranteeing that companies can meet their compliance and security obligations without having to expend any extra time or effort.

The Benefit Of Time

One of the greatest benefits that small business owners experience when putting in place the latest business-to-business payment solutions is they are suddenly freed up to focus on the needs of their business rather than having to be mired in dealing with invoicing and payments. Once the constraints of manual processing are removed, staff can spend more time on tasks that help the business to grow and thrive rather than chasing payments and carrying out time-consuming processing tasks.

BillingTree’s Solution

BillingTree is leading the way in the provision of business-to-business payment solutions. Harnessing the latest innovations while guaranteeing full compliance and security certification, BillingTree’s commercial payments systems are the ideal choice for companies of all sizes that are looking for an easier and cheaper way to handle payment processing within their organizations. Offering all the essential tools that business owners need to increase their revenue while streamlining their systems, BillingTree’s range of online and IVR payment options make it easier than ever for even the smallest companies to improve the way that they receive payments for supplied goods and services from their business networks.

A variety of B2B electronic payment methods have become available, so which is the best payment option for your business?


Commercial Payments

Why Is the B2B Payment System Causing So Many Problems for Small Businesses Today?

When it comes to the major hurdles that are faced by today’s small businesses, cash flow management has to be at the top of the agenda. Finding an effective B2B payment system has been causing major headaches for business owners around the country for some time now.

Superior Service,
Competitive Pricing

BillingTree offers a suite of services and payment solutions that help you collect electronic payments through credit, debit, checks and ACH processing. Our services ensure safe, secure, competitively priced payment acceptance supported by in-house, top-tier customer service.

  • PCI-DSS, SSAE-16, HIPAA compliant
  • Integrated with the top software solutions
  • Live, US-based customer support including fraud prevention and transaction monitoring
  • Charge-back reduction
  • Competitive pricing delivered by a comprehensive banking network
The website made us quickly realize that people would rather settle outstanding balances online than over the phone”
– Director of Collections
The BillingTree solution has enabled the adoption center to place more animals in homes this year, as people find the process so much easier than it was previously.
– Julie Scherer, Accountant