This month, we're spotlighting consolidated billing - our flexible invoicing solution that simplifies how buyers manage payments and reconciliation while supporting their procurement requirements. We're also highlighting recent releases, including enriched buyer data with enhanced filtering capabilities in the merchant dashboard, accelerated auto bank debit processing, and streamlined credit applications through direct e-commerce platform connections.

Feature Spotlight: Consolidated Billing

B2B commerce is complex: buyers often place multiple orders across departments, locations, or teams, each with its own accounting rules, approval chains, and reconciliation processes. This results in fragmented invoices, manual tracking, and substantial back-office overhead for both buyers and sellers. Consolidated Billing simplifies this experience by grouping transactions into a single, periodic invoice per billing account. The result: faster reconciliation, fewer payment errors, and a streamlined buyer experience that matches the scale and complexity of modern B2B operations.

Let’s jump into the details.

Simplify buyer payment and reconciliation with periodic billing

Save time for your buyers by consolidating multiple transactions into a single, periodic invoice. Buyers receive one invoice, make one payment, and have one receipt for reconciliation, reducing their administrative overhead and improving their experience with your platform.

Support complex buyer organizational structures with billing accounts

Help buyers manage spend across different departments, locations, or functions by creating unlimited custom billing accounts. Use our API to dynamically assign transactions to the appropriate billing account. Transactions for each billing account are grouped into separate consolidated invoices during the billing period.

See payment plan setup in our API docs.

Support diverse AP processes with flexible billing dates and periods

Accommodate buyers' accounts payable cycles with configurable billing frequency (weekly, bi-weekly, or monthly). For monthly billing, define the billing day (1-30) and payment terms (immediate, Net 7, 15, 30, 45, or 60) to match their existing financial processes. Each billing account can have its own billing frequency and dates, giving buyers complete flexibility to accommodate different departmental or operational requirements.

See billing account configuration in our API docs.

Give buyers visibility and convenience through the buyer portal

Your buyers can monitor all transactions and spending per billing account in the buyer portal as they accumulate during the billing period, so they know exactly what will appear on their next invoice. Completed consolidated invoices are delivered via email and accessible in the buyer portal, with downloadable PDF and CSV formats to integrate seamlessly with their internal processes.

Ready to streamline your buyers' payment experience? Contact your account manager to get started with consolidated billing.

Merchant Dashboard

Spot buyer trends and opportunities with enriched buyer data and smart filtering

Get deeper visibility into buyer performance with new quick filters for top, growing, declining, and newly transacting buyers, plus enriched business email data for better relationship management.

Now in beta for select merchants.

Better visibility and control over your terms program with granular status filtering

Filter your buyers by specific term statuses, such as 'pending activation' or 'suspended', to gain better visibility into buyer statuses and streamline your direct management efforts. Now available to all merchants.

Payments

Faster ACH debit for accelerated repeat business and improved cash flow

We've reduced ACH debit processing times by up to 50% by utilizing same-day ACH rails with a 2:00 p.m. ET cutoff for same-day processing. This means that buyers with credit limits who pay by ACH debit can make new purchases sooner, as their payments settle faster and their available credit replenishes more quickly. For merchants using Balance for payment processing, faster ACH debit processing and quicker settlement also mean better cash flow.

Buyer Onboarding

Increase buyer approvals with direct e-commerce platform connections

Your buyers can now connect their Amazon and Shopify stores directly with no document uploads required. This streamlined process enables buyers to complete applications more quickly and increases approval rates by providing richer business data.

Facilitate on-time payments with default payment method setup

Buyers approved for net terms can now set a default payment method during activation for automatic charging on each invoice due date. This eliminates manual payment work and ensures on-time payments, helping buyers avoid late fees and account suspension while maintaining prompt credit limit restoration.