Buyer Initiated Payments (BIP)
Automated push payments to suppliers can help improve control over the payment process.
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How BIP Can Improve Cash Flow Management and Streamline Your Payment Process
How It Works
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Order Goods and Services As Usual
Follow your existing order, approval and invoice processes to order and receive goods and services from suppliers.
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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 directly and notify you when the payments are processed.
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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
BIP enables your organization to extend Days Payable Outstanding (DPO) by 14 days while managing Days Cash on Hand (DCOH).1
Increase Payment Efficiencies
Help drive efficiency and savings by reducing paper checks and transitioning to electronic payments. American Express can also provide you the opportunity to get a financial incentive based on your organization's BIP spend volume.2
Support Supplier Enablement
Our Supplier Enablement Team will work one-on-one with suppliers and help participating suppliers accept BIP.
Increase control
Automated push payments to suppliers can help improve control over the payment process.
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BIP in Action
With American Express Buyer Initiated Payments (BIP), USPI streamlined its relationships with vendors while reducing costs and inefficiencies associated with manual check production.
Business Trends & Insights
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Unlock the Benefits of Healthcare Industry Payment Solution BIP
Hear how American Express Buyer Initiated Payments (BIP) helped strengthen these national health system’s payments program.
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