B2B Payments

BillingTree’s New AR Management Play

As a B2B payments processing provider to small and medium-sized businesses, BillingTree is a player many SMEs turn to when they need help managing their accounts receivables. Naturally, part of that need stems from a delay in B2B payments, meaning rising values of receivables for suppliers and manufacturers.

To ease some pain points in AR management, BillingTree rolled out Payrazr last summer, a suite of tools for companies and their clients to access more choices for easier payments.

In an announcement emailed to PYMNTS, BillingTree revealed its latest effort to ease B2B payments friction. The company will partner with Alpha IT Services, which provides a cloud-based accounts receivables management platform, to integrate Alpha IT customers into the services offered by BillingTree’s Payrazr.

“Companies in the ARM [accounts receivables management] industry require services and solutions that drive compliance and revenue growth,” said Alpha IT Services Director of Client Services Edna Thomas in a statement.

[bctt tweet=”Accounts receivables management requires solutions for compliance, revenue growth.”]

Thomas added that by working with BillingTree, “organizations can increase revenue by easily incorporating new payment options to meet the individual needs of customers.”

She also said that Payrazr’s ability to ensure payment compliance while offering more choice for B2B payments further reduces friction in the AR department. Meeting multiple demands is now a requirement in this space, said BillingTree Head of Marketing David Yohe.

“With the growing adoption of electronic payment technology and increasing regulatory scrutiny, the ARM industry now requires a holistic approach to payment processing,” he stated.

According to the companies, Alpha IT Services’ Manage Accounts Receivable Management System (MARS) provides its clients with access to card and ACH payment processing support. Businesses using the tool can now let their clients pay online, with a card, eCheck or other methods thanks to Payrazr.

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.