{"id":983223,"date":"2026-07-21T09:35:41","date_gmt":"2026-07-21T13:35:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/american-express-launches-intelligent-capabilities-to-help-streamline-buyer-and-supplier-payments\/"},"modified":"2026-07-21T09:35:41","modified_gmt":"2026-07-21T13:35:41","slug":"american-express-launches-intelligent-capabilities-to-help-streamline-buyer-and-supplier-payments","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/american-express-launches-intelligent-capabilities-to-help-streamline-buyer-and-supplier-payments\/","title":{"rendered":"American Express Launches Intelligent Capabilities to Help Streamline Buyer and Supplier Payments"},"content":{"rendered":"

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American Express Launches Intelligent Capabilities to Help Streamline Buyer and Supplier Payments<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nAmerican Express today announced a new B2B payment feature and automated invoice reporting capabilities within Buyer Initiated Payments (BIP), which are designed to improve the B2B payments experience for both buyers and suppliers. New findings from Amex Trendex research underscore why this matters: 92% of buyers and 91% of suppliers agree that improving the invoice-based payment experience for the other is increasingly important for their business relationships.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260721220464\/en\/<\/a><\/p>\n

\"American<\/p>\n

American Express Launches Intelligent Capabilities to Help Streamline Buyer and Supplier Payments<\/p>\n<\/div>\n

\nBIP enables buyers to initiate electronic payments to suppliers as an alternative to paper checks and ACH, leveraging American Express\u2019 unique direct relationships with suppliers to help drive working capital flexibility on both sides of the transaction. To further enhance BIP, Amex is introducing BIP Connect, a new feature that connects eligible BIP customers to Paymode, one of the largest B2B payment networks in the U.S. through a new partnership with Bottomline, a leading provider of payments and financial technology solutions; and new capabilities1<\/sup> that will automate reporting that matches invoices to payments, helping to speed up processing and improve accuracy.<\/p>\n

\n\u201cWe know our business customers are looking for simple and seamless ways to pay their suppliers. That\u2019s why we\u2019re building on BIP\u2019s strong foundation of payments automation and working capital flexibility with innovations that make it even stronger,\u201d said Eva Reda, Executive Vice President, Global Commercial Services Products, American Express. \u201cWith BIP Connect, we\u2019re combining the strengths of American Express and Bottomline to accelerate supplier onboarding and provide seamless access to one of the largest supplier networks in the U.S. We\u2019re also creating a better payments experience for buyers and suppliers by delivering capabilities that can help drive more on-time payments.\u201d<\/p>\n

\n\u201cGetting paid shouldn\u2019t be complicated,\u201d said Casey Klyszeiko, Executive Vice President, Global Merchant and Network Services Products, American Express. \u201cAs more businesses look to modernize B2B payments, American Express is helping connect buyers and suppliers through a more integrated and automated invoice payment experience that simplifies accounts payable and receivable, streamlines workflows, and makes it easier to do business together.\u201d<\/p>\n

Expanding How Buyers and Suppliers Connect<\/b><\/p>\n

\nWith BIP Connect, eligible American Express BIP customers can now access Paymode\u2019s extensive network of authenticated and verified suppliers, helping streamline onboarding, improve payment efficiency and reduce risk, spanning key industries like manufacturing, healthcare, commercial real estate and higher education.<\/p>\n

\nBusinesses can now initiate payments with their existing American Express BIP account, while suppliers receive funds via Premium ACH through Paymode with embedded authentication and fraud controls. The new offering creates a more efficient payment experience, helping buyers optimize working capital while enabling suppliers to receive and reconcile payments faster.<\/p>\n

\n\u201cOur collaboration with American Express reflects a shared commitment to helping businesses simplify and modernize the way they move money,\u201d said Craig Saks, CEO of Bottomline. \u201cBringing Paymode into BIP gives organizations greater visibility, stronger payment security, and a more connected payments experience, while helping vendors streamline reconciliation and improve cash flow management.\u201d<\/p>\n

\nThis comes as businesses look for simpler ways to manage supplier payments. According to the Amex Trendex, payment inefficiencies can affect broader business operations: 67% of financial decision-makers agree that payment inefficiencies make it harder for their business to operate at its full potential.<\/p>\n

\nBIP Connect is available to eligible American Express Buyer Initiated Payments<\/a> customers today.<\/p>\n

Improving Invoice Management Through Automated Reporting<\/b><\/p>\n

\nTo further reduce friction, American Express is also enhancing invoice management for BIP customers. New capabilities within BIP will help improve invoice matching through automated reporting to drive accurate and timely payments by using data directly from suppliers\u2019 systems, enhancing visibility on the status of invoices, saving businesses time, and helping ensure the right payment gets made faster.<\/p>\n

\nThis matters as manual invoice management can lead to payment issues like delays or inaccurate payments. Amex Trendex findings show that 82% of financial decision-makers surveyed say manual invoice processes increase the risk of costly human errors, while about a quarter (23%) of financial decision-makers say that improving the accuracy of invoice-based payment processing would have the biggest positive impact on their business.<\/p>\n

\nThese new capabilities are scheduled to be released later this year to a subset of American Express Buyer Initiated Payments customers. Contact your American Express representative for more information.<\/p>\n

Amex Trendex Reveals the Hidden Costs of Manual B2B Payments<\/b><\/p>\n

\nThe Amex Trendex highlights the operational burden that invoice-based payment processes can place on businesses, with respondents citing manual work, time spent resolving issues, and challenges related to cash flow management and business operations. Additional findings include:<\/p>\n