Watch the rewards add up. Youll earn the rewards of your Card when you use it to pay suppliers with Vendor Pay.2
*BILL provides Check and ACH for additional fee. Payments made with checks and ACH are not eligible to earn rewards.
As a business owner, paying vendors and suppliers is a regular task that can become time-consuming and inefficient if done manually. Printing checks, stuffing envelopes, and tracking payment details for multiple invoices is less than ideal. Luckily, there is a better way – Vendor Pay by Bill.com. This innovative solution allows you to automate accounts payable to maximize efficiency. Read on to learn how Vendor Pay can revolutionize the way you handle vendor payments.
Overview of Vendor Pay
Vendor Pay is an automated accounts payable system offered by American Express and Bill.com. It streamlines and simplifies B2B payments by enabling businesses to:
- Import bills and invoices digitally
- Manage approvals workflows
- Pay vendors electronically via credit card, ACH or check
- Sync accounting systems for seamless reconciliation
- Access robust reporting and analytics
By moving payables management to the cloud Vendor Pay eliminates all the hassles of manual processes.
Key Benefits of Vendor Pay
Migrating your accounts payable to Vendor Pay offers a multitude of benefits:
Increased Efficiency
Vendor Pay reduces time spent on payables by automating repetitive manual tasks. You’ll no longer have to print, sort, stuff envelopes, and track paperwork.
Enhanced Visibility
With Vendor Pay, you gain real-time visibility into cash flow. Reporting provides insight into pending payments, payment history, vendor details, and more.
Improved Compliance
Automated workflows ensure payments follow proper approval protocols for greater financial control
Easy Reconciliation
Seamlessly connect Vendor Pay to top accounting platforms like QuickBooks, NetSuite, and more for simplified reconciliation.
Potential Rewards
Earn rewards by paying vendors with your eligible American Express card.
How Vendor Pay Works
Vendor Pay transforms accounts payable through key steps:
Import
Easily import bills and invoices via email, drag and drop, or API connections.
Review & Approve
Route invoices to approvers and track status in real-time.
Pay
Pay vendors electronically via credit card, ACH or check based on their preferences.
Reconcile
Sync payment data with accounting systems like QuickBooks for easy reconciliation.
Report
Access reports and analytics providing insights into payables, payments, approvals and more.
This intuitive digital workflow replaces tedious paper-based processes.
Getting Started with Vendor Pay
Signing up for Vendor Pay is quick and simple:
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Complete company profile
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Enroll your American Express card
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Link bank account for ACH/check payments
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Upload vendor information
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Configure users, permissions, approvals
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Import initial invoices
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Make your first payment!
You’ll be up and running in no time. Ongoing support is available to ensure smooth adoption.
Which Plan is Right for You?
Vendor Pay offers three plans to meet different business needs:
Basic – Best for getting started with digital payables. Includes core features.
Advanced – Adds accounting sync, approvals, reporting. Ideal for expanded automation.
Advanced Plus – Brings large-scale integration for enterprises. Syncs with ERPs like NetSuite.
Review the details of each plan to choose the right one for your organization and growth goals. Upgrade or downgrade plans as needs evolve.
Make Payments Digitally
Vendor Pay supports three payment methods:
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American Express Card – Earn rewards on vendor payments!
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ACH – Electronic bank transfers
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Check – Traditional paper checks
Pay vendors based on their preferred payment method for maximum convenience.
In Summary
Vendor Pay by Bill.com lets you kiss clunky manual accounts payable processes goodbye. By automating the entire vendor payment workflow, it saves vast amounts of time and effort while providing new visibility and control. If your current payables procedures involve lots of paper, spreadsheets, and legwork, Vendor Pay is the modern solution you need. Sign up today to streamline vendor payments!
First user: no monthly fee
- Manage payables and receivables all in one place
- Pay your bills from one easy interface
- Use your Business or Corporate Card to send virtual payments to vendors who accept American Express® Cards
- Invoice customers and receive electronic payments
- Import bills via email or drag-and-drop – and eliminate paper
- Export data for reporting and reconciliation
Per user per month
- Everything from Basic plus automated workflow and syncing with your accounting software
- Eliminate double data entry by syncing accounting software with QuickBooks® and Xero
- Automate and track bill approvals
- Generate robust reports
- Customize roles and permissions for multiple users
- Get approval-only access for an additional $10 per user per month
Billl.com – Paying Vendor Bills
FAQ
Is Bill com free for vendors?
Simply provide some basic information about your business and bank account. If you’ve received an invitation from your customer to be paid through BILL, the service is subscription-free. If you want to use BILL’s full-service Payables and/or Receivables services, you can choose to pay more for an advanced plan.
What is vendor pay on my bank statement?
A vendor payment is a transaction that gives money to a vendor in exchange for goods or services. This transaction usually follows the delivery of requested goods or the completion of the services provided.
How does Bill.com verify vendors?
Enter the vendor’s bank information by hand. If the vendor gives you their bank information, you can enter it into their BILL record by hand. The bank account immediately shows that it’s a verified status.
What is vendor pay?
Vendor Pay is specifically designed for the American Express small business customer. Vendor Pay comes with the full cloud-based BILL platform, which makes it easy for small businesses to pay their bills, send invoices, and get paid.
Does bill pay by card work on vendor pay?
BILL’s Pay By Card, which allows payment with any US credit or debit card for a 2. 9% fee, is not available on Vendor Pay. What is a Virtual Account Number (VAN) in Vendor Pay?.
What is vendor pay & how does it work?
Members of the American Express Business and Corporate Card can pay their company’s bills through a simple online dashboard called Vendor Pay. This gives them more control and visibility over the AP process. It also makes things safer by giving them a virtual account number that can only be used once with their current Business or Corporate Card.
How do I sign up for vendor pay?
Card Members must sign up for Vendor Pay and enroll the Card for payments by going to www. americanexpress. com/vendorpay. Not all suppliers may accept American Express virtual payments. The first person who signs up for the Basic plan doesn’t have to pay anything every month, and for the first six months after that, neither does anyone else who signs up.
How do I connect a vendor to Bill?
If your vendor is already using BILL to get paid electronically, get their Payment Network ID and enter it into their vendor record by hand to connect. Remove any invitations that are still pending once you have your vendor’s Payment Network ID (PNI). Then, add the PNI to the vendor’s information in your account.
Who owns vendor pay?
In addition to partnering with Bill. American Express’s corporate venture capital arm, Amex Ventures, has invested in Bill.com for a long time to help it build Vendor Pay. com. More details about Vendor Pay, including sign up information, are available at www. americanexpress. com/vendorpay.
What is vendor billing?
Vendor billing is the accounts payable process of paying companies who have provided you with goods or services. When this process works well, it helps you build trusting relationships with your vendors and makes sure you don’t pay too much or too little for bills or forget when they’re due.
