American Express Buyer Initiated Payment Bip Program

Improve Supplier Relations BIP payments benefit your business and that of your suppliers. American Express is the only financial institution in Canada that maintains direct relationships with buyers and suppliers. This results in increased efficiency and satisfaction for both parties.

Suppliers who accept BIP benefit from: • Increased cash flow: Accelerated electronic payments from buyers reduce Days Sales Outstanding (DSO) • Better forecasting: Knowing when payments will arrive makes the cash conversion cycle more predictable • Efficiencies: Reduce cost and time spent processing paper cheques • Customer loyalty: Encourage repeat and increased customer spend by accepting easy BIP payments • Improved transparency: Our web-based payment tool includes reconciliation reporting that simplifies tracking customer payments. Our Corporate Card solutions are best suited for businesses with an annual revenue of $2M or more. If your business has an annual revenue of under $2M, we invite you to review our By ticking the box, American Express will send you email updates and information on corporate payment solutions. Inbit Messenger Enterprise Edition. This is a good way for financial professionals to stay on top of the latest thinking in expense management from American Express.

American Express Bip Payment Program