Revolut has launched a new feature called BillPay, aimed at helping businesses streamline their bill management and payment processes. The new service allows businesses to automate tasks like data extraction, approvals, and syncing with accounting software, reducing the need for manual input and saving time. BillPay integrates with popular accounting platforms such as Xero, FreeAgent, and Quickbooks Online, enabling users to automatically pull bills 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 bills, including supplier information and payment data. The service allows businesses to manage all their bills in one place, pay suppliers in over 150 destinations, and strengthen payment controls with built-in approval processes. By automating administrative tasks, businesses can improve accuracy and reduce the risk of human errors. Read Article

September 5, 2024 //  by Finnovate