A bill payment system from BILL will be integrated by Xero into the Xero platform. When it becomes available, the solution will seamlessly include BILL's extensive payment options, enabling users to pay their bills more effectively and without ever leaving the Xero Platform. Prominent American financial organizations, accounting companies, and vendors of accounting software rely on BILL as a reliable partner.

In the US, there are about 33 million SMBs. Effective cash flow management for small firms necessitates timely bill payment and payment. For many small firms, this is still a highly manual procedure, though. To manage their cash flow, small businesses use a variety of different payment schemes, according to Xero's Money Matters study.

Together, Xero and BILL will simplify and increase the accessibility of cash flow management and financial automation for Xero users in the United States. Small businesses won't need to enter credit card information, write checks and send them, or manually transfer funds to pay their invoices once the new embedded bill pay option is available. Regardless of the bank, the technology will facilitate transaction reconciliation for small businesses and their advisors and give them more insight and control over their cash flow. Small businesses may spend every hour they save by implementing automation back into their operations.

With the help of the bill pay solution, Xero users will have access to BILL's 5.8 million-member private network, allowing small businesses to locate their vendor and quickly begin making payments to them. Later in the year, more information regarding the bill pay option will be made available.

"Xero is committed to helping small businesses run their operations and manage their finances as efficiently as possible through the Xero platform," stated Diya Jolly, Chief Product Officer of Xero. Our collaboration with BILL is an example of how Xero can leverage strategic alliances to assist small businesses in the US with their three most crucial tasks: payroll, payments, and accounting. Providing payment solutions that make it simple for clients to make and receive payments is part of this. Our collaboration with BILL enables us to provide our clients with a wider range of payment options and more powerful bill pay features, thereby bolstering Xero's US offering and reaffirming our dedication to enhancing customer support and engagement.

"We are excited to bring an embedded bill pay solution and related financial operations capabilities to Xero customers," said Irana Wasti, Chief Product Officer at BILL. BILL was founded with the intention of helping small and medium-sized businesses (SMBs) handle and maximize their cash flow. We can add features to partner solutions through our agile platform, expanding our capacity to assist more SMBs, wherever they choose to conduct business.