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Receipt Bank launches “one place to pay” app

Receipt Bank
·3-min read

Product promises “pain free payments” to upload, track and pay invoices in one app

  • The only app where you can upload, track and pay invoices from the same place

  • Businesses pay invoices directly from their app, with access to all major UK banks

LONDON, Oct. 13, 2020 (GLOBE NEWSWIRE) -- Receipt Bank has today launched Pay - the only product available to small businesses in the UK to upload, track and pay invoices in one place, regardless of who they bank with.

Receipt Bank Pay lets small businesses know what to pay, and when, and make payments directly from the app from all major UK banks.

The mobile app promises “pain free payments” - consolidating the number of apps needed to make a payment into one, eliminating financial admin and saving money for small businesses.

With the mobile app users can now manage invoices with one click through instant uploads, a clear view of upcoming payments with due date reminders and a single tap to mark as paid.

Users can switch between paid and unpaid items, and see when invoices are close to their due date, to stay on top of their invoices and manage cash flow more effectively.

Receipt Bank CEO Adrian Blair commented: “Pay completely transforms our offer for businesses by making payments pain free.”

“What’s unique is that this ends the need to switch between three different apps; Pay brings uploading, managing and paying invoices all into a single app. It really transforms how businesses can manage their cash flow with their accountants.”

John Toon, Manager at Beever and Struthers, added: ”Receipt Bank Pay offers a first glance at a truly seamless supplier payment experience. Harnessing the best of tech to offer simplicity, piece of mind and security. Who doesn't want the ability to pay invoices whenever, wherever with just 2 clicks?”

Pay starts from £7.99/ month and is available to UK iOS users on eligible plans. The product will be rolled out worldwide in 2021.

Notes to Editors

About Receipt Bank

Receipt Bank offers Receipt Bank and Xavier as products for accountants bookkeepers and their clients, and is trusted by over 400,000 businesses.

  1. Receipt Bank is a digital accounting platform for accountants and bookkeepers to prepare the books, and perform analysis on financial data for their business clients.

  2. Receipt Bank is the best way to get all data in one place to sort, categorise and publish in a fraction of the time, integrating with all major accounting software providers. Xavier helps accountants perform data checks and see any business metric across a firm’s whole client base.

  3. Pay will be available for business admin users that are attached to partners on Streamline or Optimize plans, or on individual Business Plus or Business Premium accounts on a free trial basis until 10th November 2020.

  4. The Pay add-on will be initially released to iOS users, with purchase available via the Receipt Bank web app, or in-app on their device.

  5. Receipt Bank has helped digitise over 250 million pieces of paper, and processes more than 2 million financial documents per week with the highest measured data accuracy rate in the industry.

CONTACT: For comments please contact Paul-Reza Afshar (paul.afshar@receipt-bank.com / +44 (0) 203 510 2706)