NMI Partners with Biller Genie to Unveil Bill Connect
NMI, a leading figure in embedded payment infrastructure, has teamed up with Biller Genie to introduce Bill Connect. This innovative extension, designed for the NMI Payment Gateway, aims to enhance payment processing and streamline accounting tasks for small to medium-sized businesses (SMBs). The collaboration caters to an ever-growing need among businesses looking to simplify their billing and payment systems while integrating seamlessly with popular accounting software.
Simplifying Payment Processes for SMBs
Bill Connect stands out by directly integrating payment capabilities into widely-used accounting platforms like QuickBooks Online, QuickBooks Desktop, and Xero. This removes the constraints of traditional ERP systems, which can be costly and complex. With Bill Connect, businesses can automate their invoicing and payment acceptance, significantly improving efficiency and reducing the time spent on managing accounts receivable.
Addressing Challenges Faced by Small Businesses
The U.S. is home to over 33 million small and medium-sized businesses, many of which rely on accounting software like QuickBooks. Bill Connect tackles the struggle of maintaining efficiency while ensuring affordability. By embedding the payment functionality directly into these widely-used platforms, businesses can enjoy an easier process without the need for extensive training or additional software.
Key Features of Bill Connect
Seamless Integration: With Bill Connect, businesses can leverage their existing accounting software to manage invoicing, payment acceptance, and reconciliation. This integration minimizes the learning curve and helps reduce manual tasks, allowing merchants to focus on growing their businesses.
Increased Efficiency: Businesses utilizing Bill Connect have reported remarkable improvements, including a 40% reduction in overdue invoices and an average acceleration of 15 days in payment receipt. This efficiency translates into significant time savings, allowing employees to dedicate 10-20 hours weekly to more productive activities.
Secure Payment Processing: Security is paramount in financial transactions. NMI's Customer Vault and PCI-compliant tokenization ensure that merchants can securely accept various payment types, including card and ACH transactions, without compromising on safety.
Customizable Invoicing: The ability to produce professional, branded invoices directly within the accounting software helps businesses maintain their unique identity, strengthening their brand presence while ensuring clarity in billing.
Leadership Insight
Sade Ayinde, Senior Product Manager at NMI, shared: "Bill Connect is more than just a payments tool—it represents a significant innovation for our partners and their clients. By directly integrating payment options into the software that SMBs already trust, we are simplifying operations and opening new avenues for revenue for ISOs and software vendors. This partnership aims to empower SMBs by enhancing cash flow and elevating customer experiences."
Garima Shah, President of Biller Genie, commented: "At Biller Genie, we are committed to simplifying the accounts receivable landscape for SMBs. By collaborating with NMI, we extend our automated invoicing and payment solutions, making it easier for businesses to optimize cash flow and reduce administrative overhead. This integration serves to elevate the customer experience significantly."
Explore NMI Bill Connect
Bill Connect not only reflects a significant step forward in payment solutions but also marks a shift in how payment processing will integrate with accounting practices. The NMI Bill Connect Payment Gateway brings about an intelligent approach to financial management for SMBs.
About NMI
NMI is a recognized global leader in embedded payments, driving more than $225 billion in payment volumes annually. Their innovative platform enhances the submission and management of transactions across the payment ecosystem, allowing partners to offer seamless solutions that fit consumer preferences, whether online, in-store, or on mobile devices. NMI empowers ISOs, software vendors, and payment professionals to embrace the future of financial technology.
Frequently Asked Questions
What is NMI Bill Connect?
NMI Bill Connect is an extension of the NMI Payment Gateway designed to simplify billing and payment processing for small to medium-sized businesses.
How does Bill Connect improve efficiency?
By embedding payment functionality within existing accounting software, Bill Connect reduces manual processes, accelerates payment collection, and minimizes overdue invoices.
What security measures are in place with NMI?
NMI uses PCI-compliant tokenization and its Customer Vault to ensure secure handling of payment transactions.
Can Bill Connect be integrated with other software?
Currently, Bill Connect integrates seamlessly with popular platforms like QuickBooks and Xero.
What benefits does Bill Connect offer to SMBs?
It simplifies invoicing, automates payments, enhances cash flow, and reduces administrative burdens, all of which contribute to improved operational efficiency.
