Global Neobank Revolut We have launched a new feature called Bill PaymentIt aims to help businesses streamline their invoice management and payment processes.
The new service enables businesses to automate tasks such as data extraction, approvals and syncing with accounting software, reducing the need for manual entry and saving time.
BillPay integrates with popular accounting platforms such as Xero, FreeAgent and Quickbooks Online, allowing users to automatically pull invoices from these systems or upload them manually.
The system uses AI-powered data extraction and optical character recognition (OCR) to capture all relevant details from invoices, including supplier information and payment data.
The service enables businesses to manage all their invoices in one place, make payments to over 150 vendors, and improve payment management with built-in approval processes.
By automating administrative tasks, businesses can improve accuracy and reduce the risk of human error.
Revolut BillPay is available to business users on the Grow plan and above.
