American Express has announced a new partnership with Request to Pay-focused FinTech start-up, Bluechain, to help streamline the supplier payment process for small- and medium-sized enterprises (SMEs).
Invoice management can be resource intensive for small business owners, especially when using multiple different systems. The partnership solves that problem by allowing small business owners to centrally manage, pay and reconcile supplier invoices from a single dashboard, whether on desktop or mobile device.
The integration saves SME owners valuable time and resources spent on manual admin with a simple billing and payment process, which streamlines operations and automates time-consuming tasks like data entry and bookkeeping. It also enables better visibility and control over cashflow as SMEs can choose to pay how, where and when they want.
Existing American Express business customers can pay an invoice with their Amex Card, regardless of whether the requesting merchant accepts American Express or not. Business owners can also seamlessly connect their accounting system to Bluechain’s platform for real-time tracking and reconciliation, streamlining bill management from start to finish.