Pleo launches Bills to enhance invoice payments for UK companies

By Megha Bhattacharya

UK-based FinTech scale-up Pleo today launched Bills, in a bid to consolidate, track and pay business-to-business (B2B) bill payments and a supplier’s terms of service. With free-of-charge domestic transfers, businesses will also benefit from additional, vital cost savings when paying invoices using Pleo Bills.

According to Pleo, customers will benefit from features including approval flow transparency and control for admins, including verification of suppliers, an entire overview of Bill agreements, and processing of payments either immediately or on a scheduled date that benefits business cashflow. The solution will also allow for free domestic transfers. Bills is an invoice tracking and payment solution with free GBP to GBP domestic transfers.

Jeppe Rindom, Co-founder and CEO of Pleo, said, “Since the Pandemic hit, Pleo has accelerated its product pipeline to activate vital financial technology features in its journey to become a central hub for companies to manage cash flow – and Bills is an example of this. We use thorough-bred insight from our clients when we create solutions, and when 66% of admins told us that they spent half their time on processing bills as well as authenticating the validity of them, it became our mission to simplify this complicated process and provide an end-to-end overview of it. Now businesses can make informed decisions and negotiate better supplier deals with the first, fully-automated bills experience. We are at the helm of steering companies to meet their digital goals, and our trusted, reliable financial platform is helping them to build fiscally resilient companies.”

Recently, Pleo announced the launch of Google Pay functionality for its 13,000+ European and UK customers. The FinTech’s customers will be able to benefit from Google’s contactless payment method and will offer flexibility to customers during business purchases.