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- Extend Launches Bill Pay to Transform Invoice Payments for Businesses
Extend Launches Bill Pay to Transform Invoice Payments for Businesses
Slice of Finance Team
30 Oct
Key Highlights:
Secure payments: Vendors receive unique, secure virtual cards to reduce fraud risk.
Enhanced workflow: Enables bulk invoice payments and real-time tracking for AP teams.
Maximized rewards: Extends credit card rewards through optimized invoice payments.
Improved cash flow: Simplifies AP processes for better financial management.
Source: Business Wire
Notable Quote:
“Extend gives finance teams total control over their business credit cards with the power of virtual cards. Now with Bill Pay, they can get the same benefits when they settle invoices with virtual cards. Bill Pay delivers a more efficient and secure way to control spending, simplify reconciliation, save time, and introduce more flexibility into the AP process.”
Our Take:
Extend’s Bill Pay represents a notable advancement in spend management, addressing common pain points of traditional invoice payments. By reducing the reliance on single credit cards for multiple vendors, the Bill Pay feature offers a secure alternative, mitigating risks of fraud and overcharges. The platform’s flexibility in handling both individual and bulk payments allows businesses to streamline their AP workflow, gain greater cash flow control, and maximize credit card rewards. Extend's recent integrations with tools like QuickBooks Online and its Team Budgets feature further enhance its value, making it a compelling choice for businesses aiming for a more agile and secure financial operation.