Balance has added an enhanced dunning management solution to its B2B payments platform.
The most recent edition of Balance’s Account Receivables Management Suite, according to a press release the firm released on Tuesday (May 30), contains automatic payment collection and a portal that shows the status of payments and invoices.
Bar Geron, the CEO of Balance, stated that “We’re constantly adding new features to our platform to streamline internal processes for merchants and remove friction for customers.” “By addressing both ends of the B2B transaction with the Buyer Portal, we effectively empower merchants to drive growth by improving the collections and payments experience.”
Customers may examine their prior payments and delinquent invoices on the new Buyer Portal from Balance and make payments using an ACH, credit card, or wire transfer. According to the news release, it also gives merchants a glimpse of all open bills.
The Balance platform, according to the press release, now provides consumers with automatic payment reminders that inform them when payments are due and provide straightforward payment choices.
“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 news release.
