BigTime Software, an operating platform for professional services organizations, has partnered with BlueSnap, a global payment orchestration platform, to bring online payment and financial management capabilities to its customers in Canada.
This partnership aims to accelerate cash flow, streamline accounts receivable processes, and provide efficient online payment options to enhance client interactions for small and mid-sized professional services organizations in the country, the companies said in a Thursday (Sept. 14) press release.
BigTime Software offers time tracking, billing and project management software to empower professional services organizations with enhanced operational efficiency, according to the release. Through the partnership with BlueSnap, BigTime will extend the availability of the payments solution BigTime Wallet to Canadian businesses.
This will enable Canadian organizations to leverage BlueSnap’s payment processing technology and process payments through their customers’ preferred methods, resulting in an improved invoice and billing experience for clients, the release said.
By adopting BigTime Wallet, Canadian businesses can benefit from a fully integrated payment, invoicing and accounting reconciliation system, per the release. This integration allows for seamless communication with customers through a client portal integrated within BigTime, ensuring secure and efficient interactions.
With BigTime Wallet, finance leaders can align automated accounts receivable processes with improved speed, security and cost-effectiveness, enhancing cash flow and driving profit growth, according to the press release. Additionally, operations and project managers can optimize financial operations for seamless project execution and efficient financial management.
In addition to the existing features available to all BigTime Wallet customers, Canadian organizations will have access to exclusive benefits, the release said. One such benefit is the Pre-Authorized Debit payment option, which eliminates payment size limits, reduces the likelihood of payment failures and contributes to a decrease in days sales outstanding (DSO).
There has been an increase in embedded payments through apps and eCommerce sites, which is touching all aspects of people’s lives, Nikhita Hyett, managing director for Europe at BlueSnap, told PYMNTS in an interview posted in May 2022.
The trend is also developing in B2B payments, with a huge increase in demand for software companies that want to integrate embedded payments in their digital payment options, Hyett said at the time.
“We listen to [customers] when they have a requirement or if there’s an additional payment method that they’re looking for — and if we see something that’s going to really benefit all of our customers, then we’ll bring that in,” Hyett said.
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