Buyer Initiated Payments (BIP)

Automated push payments to suppliers can help improve control over the payment process.

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Extend Payment Terms with Your Suppliers

BIP is an online payment platform that allows you to target an increased payment period and improve the liquidity of your company.

How It Works

  1. Order Goods and Services As Usual

    Follow your existing order, approval and invoice processes to order and receive goods and services from suppliers.

  2. Initiate Payments to Suppliers

    After an invoice is approved, submit the electronic payment instructions file to American Express to initiate payment. We will pay your suppliers within 3 banking days after authorisation.

  3. Pay a Consolidated American Express Statement

    Track payments and receive a single consolidated statement from American Express at the end of your billing cycle.

Features & Benefits

Improve Working Capital Flexibility

  • Helps optimise your working capital by increasing the Days Payable Outstanding (DPO).
  • A bank independent solution
  • Diversified capital resources and reduced need for external financing
  • Extended payment periods for the buyer and accelerated payments for suppliers

Easy implementation

BIP is an online payment platform and can be integrated into your existing payment processes, requiring no resources for implementation and no need for installation of new software. Company specific billing and invoicing cycles can also be taken into consideration.

Support Supplier Enablement

The BIP solution balances opposing payment interests between you and suppliers. American Express supports the supply chain, working with your existing commercial relationships to enable BIP payment. American Express will also help you work with your suppliers to migrate them to BIP.