Bluevine Launches Accounts Payable Tech That Integrates Bill Payments for Small Firms

Bluevine Inc., a provider of business-banking technology, has launched an accounts-payable solution for small and mid-size businesses. The application enables SMBs to manage bill payments from their Bluevine Business Checking account.

SMBs can upload bills and invoices to a dashboard for viewing and to schedule payments. Supported payment options include automated clearing house, check, wire, and credit card. SMBs can also use the app to send international transactions and set up recurring payments. Transactions are tracked to verify receipt of payment by the recipient and automatically reconciled through the QuickBooks Online accounting software to minimize manual data entry and reduce the risk of fraudulent and duplicate payments.

In addition, the app allows SMBs to digitally route bills and payments for review and approval to one or more employees, as well as set the logic for the sequence of approvals to optimize the accounts-payable process. Businesses can also determine which employees have access to the accounts-payable system and set parameters around what information each employee involved in the process can access.

“As small businesses scale, often they face more complexity in managing their operations. Our accounts-payable solution is purpose-built to strike a balance between providing a robust set of accounts-payable automation tools [and] … ease-of-use,” Charles Amadon, senior vice president and general manager of Banking for Bluevine said in a statement.

The new offering features free ACH transactions. The company’s Business Checking solution offers unlimited transactions, live support, and no monthly fees. Customers can also earn up to 2.0% interest on balances up to $250,000.