On Sept. 25, Austin, Texas-based open SaaS eCommerce platform BigCommerce announced the launch of its new B2B Edition Invoice Portal for large B2B suppliers, manufacturers, distributors and wholesalers to modernize their invoice payment process.
The portal provides an “enterprise-grade, out-of-the-box” invoice payment experience that allows B2B merchants to incorporate invoice payments into a centralized online purchasing workflow, the company said.
B2B merchants will have the potential to improve transaction efficiency, reduce operational burdens and “deliver seamless user experiences that can drive brand loyalty and repeat business,” BigCommerce said in a news release.
“B2B eCommerce is still in the early stages of maturity. A major roadblock to more adoption is getting offline orders online,” said Isaiah Bollinger, CEO at Trellis. “A large percentage of B2B orders will not be done with credit cards, and companies want to be able to see their invoices that have been paid or unpaid online. The BigCommerce Invoice Portal enabling buyers to see and pay all invoices online will be a game changer for B2B eCommerce adoption.”
BigCommerce said the new portal will enable buyers to:
- Pay multiple invoices for orders placed both online and offline, eliminating the need for manual payment methods and enhancing the buyer transaction experience.
- Easily reconcile payments with ERP systems, improving operational efficiency for back-office teams.
- Simplify the invoice payment process by replacing legacy, standalone processes with a smooth, connected experience.
- Speed up transaction time, helping to potentially improve cash flow and reduce the risk of late payments.