American Express & Bluechain partner to enhance SME payment processes

By Delisha Fernandes

American Express announced its partnership with Request to Pay-focused FinTech startup, Bluechain to help streamline the supplier payment process for small and medium-sized enterprises (SMEs).

Invoice management can be resource intensive for small business owners, especially when using multiple systems. The partnership solves the problem by allowing small business owners to centrally manage, pay and reconcile supplier invoices from a single dashboard, whether on a desktop or mobile device.

The integration saves SME owners valuable time and resources on manual admin with a simple billing and payment process that streamlines operations and automates time-consuming tasks like data entry and bookkeeping. It also enables better visibility and control over cash flow as SMEs can choose to pay how, where and when they want.

Existing American Express business customers can pay an invoice with their Amex Card, regardless of whether the requesting merchant accepts American Express. Business owners can also seamlessly connect their accounting system to Bluechain’s platform for real-time tracking and reconciliation, streamlining bill management from start to finish.

Carolina Castillo, Vice President, Commercial Partnerships & Innovation, International Card Services at American Express, said, “Our recent research reveals over half (56%) of SME leaders feel they would benefit from more time away from the workplace. However, their many responsibilities, from managing invoices to dealing with suppliers, often prevent them from doing so.”

Tim Annis, CEO at Bluechain, said, “American Express’ commitment to supporting small businesses and its global perspective makes them an ideal partner for Bluechain. With our successful launches in Australia and the UK, this partnership presents a major step for Bluechain to support a global audience. Together we will deliver a billing and payment process that lets UK SMEs focus on growth.”