Speeding the Flow of Funds

Bill payment and credit solutions provider Aliaswire unveiled the general availability of new invoicing and payment capabilities for manufacturers and distributors in its DirectBiller® platform. The advanced features address the unique requirements of B2B customer relationships and transactions in manufacturing and distribution.

The B2B ecosystem is trying to move away from paper-based processes and payment methods to digital workflows that speed the flow of funds between trading partners and enhance visibility into cash flow and partner payment status.

But the shift has been slowed by the complexity of B2B customer relationships. There typically is a high degree of customization in product offerings and accompanying services, and pricing and payment terms can vary widely from one customer to another.

Multi-page/item invoices, line-item disputes, credit memos, pre-set credit limits and payment fees are very common aspects that must be accounted for in the move to digital invoicing and payment.

Offered exclusively through bank partners, DirectBiller manages the entire end-to-end process from invoicing through payment reconciliation, integrating seamlessly with business ERP systems and their banks’ treasury management systems.

The platform is able to pull, present and manage complex B2B invoice data from different sources, incorporating disputes, credit memos and daily net settlement of surcharge and convenience fees. DirectBiller also offers Request-for-Pay using the RTP network to enable customers to manage their credit levels and assure the timely delivery of inventory and supply.

Aliaswire CEO Jed Rice says having your customer pay an invoice is one thing, but reconciling that payment in a timely manner to reflect an accurate balance that takes into account things like credit memos, returns and disputes, is entirely another. “DirectBiller helps manufacturers and distributors automate what is now a very messy and time-consuming process. As a result, they get paid faster, improve client satisfaction and reduce their cost of getting paid.”

For more information, visit www.aliaswire.com.

Like what you’re reading?

Subscribe to our FREE newsletter and we’ll deliver content like this directly to your inbox.



Leave a Comment