NEW YORK—American Express and Bill.com have announced a partnership to introduce an accounts payable solution to joint customers.
Called American Express Vendor Pay by Bill.com, the solution allows Bill.com users to pay suppliers via American Express Business or Corporate Card using virtual card technology, negating the need for companies to open a new card account, Pymnts.com explained.
Joint customers will also have the option to pay using Bill.com’s ACH and check payment functionality. Bill.com provides firms with a unified interface through which they can manage and obtain real-time status updates on invoice payments, Pymnts.com reported.
“As businesses grow in size, their accounts payable needs become more complex, driven by more vendors and more invoices,” explained American Express Global Commercial Services Executive Vice President E-Bai Koo. “As a partner to businesses around the world, we strive to make it easier for customers to get business done. We’re excited to build a long-term partnership with Bill.com, a leader in digital business payments, to offer our cardmembers a streamlined approach to vendor payments.”
‘Powerful Combination’
“The Bill.com and American Express partnership is a powerful combination of two innovators and leaders in business payments,” added Bill.com Founder and CEO Rene Lacerte in another statement. “American Express Business and Corporate Card members will now have a central platform for managing digital business payments via Bill.com, with the added benefits of earning the rewards of their card and automating their manual and time-consuming back office processes.”