To its B2B payments platform, Balance has incorporated an improved dunning management solution.
According to a press release issued by Balance on Tuesday (May 30), the company’s Account Receivables Management Suite’s most recent version includes automatic payment collection and a portal that displays the status of payments and invoices.
According to Balance CEO Bar Geron, “We’re constantly adding new features to our platform to streamline internal processes for merchants and remove friction for customers.” “With the Buyer Portal, we’re effectively addressing both ends of the B2B transaction, empowering merchants to drive growth by enhancing the collections and payments experience.”
The new Buyer Portal from Balance enables customers to view their previous payments and unpaid bills and make payments via wire transfer, credit card, or ACH. In addition, it offers merchants a view of all open invoices, according the news announcement.
According to the press release, the Balance platform now offers customers automated payment reminders that let them know when payments are due and offer simple payment options.
“This solution, along with our existing reconciliation capabilities, further strengthens our ability to provide a comprehensive suite of Account Receivables Management solutions that cater to all of our merchants’ needs,” said Nir Gazit, vice president of product at Balance, in a press statement.