What is American Express Buyer Initiated Payments?
When it comes to managing the complexities of your business' cash flow, you need the ability to stay in control of every aspect of it. Buyer Initiated Payments (BIP) automate payments to your suppliers within your existing invoice approval workflow - helping you eliminate errors while reducing time and costs from your payment process.
Improve cash flow
Strengthen supplier relationships
Improve working capital
Why should your business have Buyer Initiated Payments?
Maximise Control
BIP gives you the data and insights needed to manage your business. Track spending and increase efficiencies whilst easily integrating into your existing systems.
Save Money
BIP enables you to choose the timing and amount of each payment, improving cash flow predictability.
Save Time
Manage days cash on hand by extending Days Payable Outstanding by up to 58 days. Making payments with BIP can reduce your supplier's Day Sales Outstanding and improve their Accounts Receivable process.
How does Buyer Initiated Payments work?
CORPORATE
SOLUTIONS
American Express offers a range of options to manage local or global purchasing solutions and control how your employees spend on goods and services.
Fill out the form to request a call back from a Specialist or reach out to us at 0800 085 7725, Monday to Friday, 9am-5pm.