Bluevine launched an accounts payable resolution this week.
The brand new providing will likely be out there inside Bluevine’s small enterprise banking suite.
The accounts payable device will provide companies instruments reminiscent of invoice seize and storage, approval workflows, fee scheduling, and automated accounting reconciliation.
Small enterprise banking innovator Bluevine is enhancing its platform this week by launching a brand new accounts payable (AP) providing inside its small enterprise banking suite.
Together with the brand new AP device will assist enterprise house owners handle funds inside their Bluevine Enterprise Checking accounts. Instruments reminiscent of invoice seize and storage, approval workflows, fee scheduling, automated accounting reconciliation, and consumer provisioning and administration will assist companies automate their AP processes.
“As small companies scale, usually they face extra complexity in managing their operations,” mentioned Bluevine SVP, GM of Banking Charles Amadon. “Our accounts payable resolution is purpose-built to strike a steadiness between offering a strong set of AP automation instruments, with the ease-of-use that our clients have come to anticipate from Bluevine.”
The AP characteristic builds out Bluevine’s present small enterprise banking platform, which the corporate launched in 2019 to assist small companies handle their funds, deposit checks, switch funds, and pay invoices. Bluevine has unveiled a sequence of enhancements to its enterprise banking platform lately, together with the launch of billpay in 2022, and worldwide funds capabilities earlier this 12 months.
“Each choice we make has the SMB on the coronary heart of it, beginning with the important query – will this assist them develop and run their enterprise simpler? Based mostly on buyer suggestions we knew AP automation was one thing they wished and wanted. Placing all that energy proper into their checking account dashboard is an thrilling step ahead, and additional differentiates Bluevine Enterprise Checking with much more added worth,” added Amadon.
Bluevine launched in 2013 to serve as a substitute lending supplier for small companies. Since then, the California-based firm’s instruments have reached 500,000 entrepreneurs. Bluevine has raised simply shy of $770 million from buyers together with Lightspeed Enterprise Companions, Menlo Ventures, 83North, Citi Ventures, ION Crossover Companions, SVB Capital, Nationwide Insurance coverage, and M12. Eyal Lifshitz is CEO.
Photograph by Tima Miroshnichenko
