Introducing Payhawk Bills, a revolutionary feature designed to transform the time-consuming task of bank wires into a swift, 30-second process. Learn how this feature not only simplifies the payment process but also significantly reduces the involvement of multiple team members, fostering efficiency in your accounts payable workflow.
In general, transfers involve plenty of manual work and produce a lot of bottlenecks, primarily coming from:
Payhawk Bills gives companies the option to pay outstanding invoices directly from the product. That way the organisation has a holistic view of its payments as it combines card, cash, and bank payments in a single process.
Until now, if an employee had to pay an invoice via a bank transfer, a separate process was needed. Based on our previous findings, on average 3 other people would have to be involved, regardless of the fact that expense approval and allocation of funds have already happened.
With Payhawk, all stakeholders follow the standard procedure as with every other expense. The company reduces complexity and all process stakeholders save time and resources.
Payhawk Bills is now available for all of our Premium Spend and Scale customers with a standard SEPA or Faster Payments transfer fee of €1 or £1 depending on the transfer currency.
Here you can learn more about paying expenses via a bank wire with Payhawk.
It's time to leave your online banking and start paying your bills the smart way.
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Boris has a diverse product background from launching finance products to bringing payment programs to life. He is currently leading the Spend Controls product area focusing on enterprise features that bring visibility and control to finance teams.