Intuit Introduces QuickBooks Bill Pay, Expanding Money Platform to Deliver Business-to-Business Payments with AP Automation
16 Outubro 2023 - 9:30AM
Business Wire
New fully integrated, Intuit-built solution
meets the bill pay needs of businesses of any size, including the
ability to create seamless approval workflows
Today, Intuit Inc. (Nasdaq: INTU), the global financial
technology platform that makes Intuit TurboTax, Credit Karma,
QuickBooks, and Mailchimp, announced a new solution fully
integrated within Intuit QuickBooks that transforms bill pay for
businesses and delivers accounts payable (AP) automation -
QuickBooks Bill Pay.
“Across the QuickBooks platform, we’re revolutionizing money
movement to improve the number-one problem small businesses face -
cash flow - which impacts their success rates,” said David Talach,
Senior Vice President of the QuickBooks Money Platform at Intuit.
“QuickBooks Bill Pay is a key addition to our ecosystem as we aim
to deliver a singular, end-to-end financial solution for small
businesses to manage their money. Integrating Bill Pay with our
other money offerings enables our customers to leverage
game-changing automation capabilities and have the visibility and
clarity they need when it comes to their finances.”
For many business owners, managing bill payments to vendors and
contractors means piecing together disparate solutions, creating a
complex and time-consuming web that can lead to late or missed
payments, potentially impacting cash flow management and vendor
relations. QuickBooks Bill Pay solves this problem head on, with
tracking and paying bills now seamlessly integrated within the
QuickBooks platform - a suite of powerful financial and accounting
tools, delivering unparalleled benefits of simplicity, speed, and
accuracy that can help businesses manage their money more
effectively. And with QuickBooks’ integrated AP automation
capabilities, small businesses save valuable time with manual entry
reduced by 48%¹.
QuickBooks Bill Pay provides small and mid-sized businesses with
time-saving automation, digitized record-keeping, seamless
payments, advanced controls with roles and permissions for their
team, and simplified vendor and contractor management. Businesses
can:
- Create bills automatically: Import vendor invoices and
QuickBooks will automatically create a bill. All businesses have to
do is review and save.
- Assign ownership roles to employees: QuickBooks Bill Pay
Elite customers can share roles and permissions to decide who can
create, approve, and pay bills.** Setting rules helps to customize
the bill approval process and automate work, while limiting access
to other QuickBooks functionality.
- Effortlessly organize their books: When paying vendors
and contractors through QuickBooks, the transaction will
automatically be recorded and matched for the business in their
books using QuickBooks integrated AP automation capabilities.
- Go paperless and stay tax ready: Keep digital records of
bills and payments in one place, rather than across multiple
platforms, spreadsheets, or folders.
- Choose how to pay vendors or contractors: Send
electronic payments or paper checks with the help of QuickBooks.
Even if your vendor prefers paper checks, you don’t have to spend
extra time issuing and mailing them.
- Stay on top of 1099s: With vendor information in one
place, businesses can see everyone who needs a 1099 at a glance,
allowing them to stay compliant. With QuickBooks Bill Pay Premium
or Elite, businesses can also file unlimited 1099s for no
additional fee.
QuickBooks Bill Pay also enhances the Intuit QuickBooks Business
Network, one of the largest business-to-business (B2B) networks
aimed at accelerating and automating B2B payments and improving
overall cash flow. Now, when a small business sends a payment
through QuickBooks Bill Pay, vendors who are not part of the
QuickBooks Business Network will receive an invite to join. If they
choose to sign up, the vendor can save their payment details
securely to their network profile for future payments, saving time
and reducing errors often associated with manual entry and
eliminating the need to share this information with multiple
parties. Once part of the network, vendors can also track the
status of their incoming QuickBooks Bill Pay payments.
QuickBooks Bill Pay has a plan to meet the needs of businesses
of any size. Eligible QuickBooks Online customers in the U.S. can
choose between three flexible QuickBooks Bill Pay pricing plans,
all of which include expert support. The QuickBooks Bill Pay Basic
plan, which has no subscription fee, includes five free standard
ACH payments per month, and two additional paid plan options
(Premium or Elite) provide small businesses with additional
standard ACH payments per month**, custom bill approval workflows,
unlimited 1099s issued to contractors or vendors, and predefined
roles and permissions to empower a small business’s team.
For a limited time, QuickBooks is also giving businesses 50% off
the monthly base price for QuickBooks Bill Pay (Premium or Elite)
for the first three months of service, starting from the date of
enrollment. To be eligible for this offer, you must be an existing
QuickBooks Online customer and a new Bill Pay customer and sign up
for the Premium or Elite monthly plan.*
Visit here for more information on QuickBooks Bill Pay.
About Intuit
Intuit is the global financial technology platform that powers
prosperity for the people and communities we serve. With 100
million customers worldwide using TurboTax, Credit Karma,
QuickBooks, and Mailchimp, we believe that everyone should have the
opportunity to prosper. We never stop working to find new,
innovative ways to make that possible. Please visit us at
Intuit.com and find us on social for the latest information about
Intuit and our products and services.
Product Information
QuickBooks Bill Pay: QuickBooks Bill Pay account subject
to eligibility criteria, credit, and application approval.
Subscription to QuickBooks Online required. Money movement services
are provided by Intuit Payments Inc., licensed as a Money
Transmitter by the New York State Department of Financial Services.
For more information about Intuit Payments' money transmission
licenses, please visit
https://www.intuit.com/legal/licenses/payment-licenses/.
**Features
QuickBooks Business Network: Use of the QuickBooks
Business Network for spam, marketing, or other activities which
violate applicable Intuit Terms of Service is strictly prohibited.
You may only view and connect with other QuickBooks Business
Network members located in your geography. All Business Information
is provided by QuickBooks customers and is not independently
verified or endorsed by Intuit. Intuit reserves the right to limit
your use of the QuickBooks Business Network, including your ability
to connect with other members and be listed in the network per our
Terms of Service.
User Roles: Not available for QuickBooks Online Simple
Start customers.
ACH Payments: $0.50/standard ACH transaction over monthly
allotments. Allotments may vary.
**Claims
1. Reduce manual entry by 48%: Based on U.S. QuickBooks
customers who record bills in QuickBooks using automation tools on
the Apps/Bills page compared to customers not using these tools,
from November 2022 to March 2023.
*Promotional Offer - 50% off Bill Pay Premium or Elite for first
3 months: 50% off the monthly base price for QuickBooks Bill Pay
[Premium or Elite] (“Bill Pay”) is for the first 3 months of
service, starting from the date of enrollment. After which, your
account will automatically be charged the then current monthly list
price until you cancel. There is no discount on transaction fees.
If you process ACH transactions above your tier limits, or any
check transactions, you will be charged the then current fees at
the end of the month. If you upgrade or downgrade service plans,
your service fees will be adjusted accordingly. Sales tax may be
applied where applicable. To be eligible for this offer you must
have an active QuickBooks Online subscription and be a new Bill Pay
subscriber. Offer available for a limited time only. To cancel your
subscription at any time go to Account & Settings > Billing
& Subscription in QBO and select “Cancel” for QuickBooks Bill
Pay. Your cancellation will become effective at the end of the
monthly billing period. You will not receive a prorated refund;
your access and subscription benefits will continue for the
remainder of the billing period. Offer cannot be combined with any
other QuickBooks offer. Terms, conditions, pricing, special
features, and service and support options subject to change without
notice.
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version on businesswire.com: https://www.businesswire.com/news/home/20231016083335/en/
Intuit QuickBooks: Dan Mahoney Dan_Mahoney@intuit.com
Jen Garcia Jeng@accesstheagency.com
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