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Working capital optimisation for you. Peace of mind for your suppliers.
Help increase Days Payable Outstanding (DPO) for your business and decrease Days Sales Outstanding (DSO) for your suppliers by consolidating Card payments to suppliers into one simple and secure online platform.
American Express® Buyer Initiated Payments is a web portal that lets buyers quickly and efficiently schedule payments to suppliers. It can integrate easily into your Enterprise Resource Planning (ERP) software without disrupting existing Accounts Payable (AP) processes.
Extend your DPO by up to 58 days1 so you can have more cash on hand to invest in your business.
Consolidate supplier payments into one online platform that integrates with existing Accounts Payable processes.
Make payments faster and strengthen supplier relationships while maintaining internal compliance.
Take advantage of early payment incentives from suppliers without impacting your cash on hand.
Potentially accelerate payment to help increase liquidity and reduce DSO2.
Gain peace of mind knowing that American Express assumes risk for authorised transactions.
Demonstrate flexibility to help improve relationships and potentially gain more business.
Buyer Initiated Payments removes the need to manually key payments, while providing you with a remittance file.
The buyer uses the web-based Buyer Initiated Payments (BIP) platform to schedule payments of approved invoices to suppliers.
American Express processes the payment on the scheduled date and deposits funds into the supplier's designated Account within five business days. A remittance advice is sent to the supplier.
The BIP platform updates with real-time payment information. BIP Enterprise customers receive an automatic confirmation of payment.
The buyer pays American Express, extending DPO by up to 58 days1.
Fill out the form to request a call back from a Specialist or reach out to us at 0800 085 7725, Monday to Friday, 9am-5pm.
Sign up for an American Express® Corporate Card programme to open up a world of perks, tools and opportunities.
American Express Buyer Initiated Payments is an automated web portal that lets buyers quickly and efficiently schedule payments to suppliers. It can integrate easily into your Enterprise Resource Planning (ERP) software without disrupting your existing Accounts Payable (AP) process.
Buyer Initiated Payments can have benefits for buyers and suppliers. For buyers, it can extend Days Payable Outstanding (DPO) by up to 58 days, offering more cash-flow flexibility to help manage business operations. It can also help streamline Accounts Payable processes by consolidating the bulk of supplier payments into one easy-to-use online platform and improve relationships with suppliers by helping ensure that they’re paid on time or early—which can also allow buyers to take advantage of early-savings discounts. For suppliers, a BIP Account can help reduce Days Sales Outstanding (DSO), which may help increase liquidity by creating more cash-on-hand.
With BIP, processing costs can be assumed by the buyer or the supplier—or shared between them.
An American Express BIP programme can help buyers save by reducing administrative costs associated with managing multiple payment platforms, helping ensure compliance with company payment policies, and creating visibility into spending. Accelerating payments to suppliers can also let you take advantage of early payment discounts and create a strong position to negotiate volume payment incentives.
BIP Express is a web portal that allows buyers to log in and schedule single supplier payments or upload a spreadsheet for multiple payment processing. BIP Enterprise automates the delivery of a payment instruction file from the Buyer’s Enterprise Resource Planning (ERP) platform to the BIP platform.
American Express® vPayment
A virtual payment solution assigning a specific-use Account number and preauthorised amount per transaction.
American Express AccessLine®
Make fast and secure payments internationally and domestically—even to merchants who don’t accept Card payments.
Important Information
1. The number of days by which your DPO is extended will vary depending on: (i) when during your American Express Card billing cycle you charge a transaction to a supplier; (ii) the date the transaction is posted to your account; and (iii) the date you pay the amount due on your American Express billing statement.
2. DSO reduction varies depending on the agreed terms upon which your customer makes payment using BIP.
