Arvest Bank’s credit card division recently joined Billtrust’s Business Payments Network (BPN), a strategic move designed to streamline electronic B-to-B payments for our corporate clients, among other benefits.
The partnership with Billtrust provides Arvest ePayables clients with a greater opportunity for supplier acceptance and retention. Billtrust also helps to streamline the accounts receivable process for suppliers in a customer’s network, which in turn increases the acceptance of virtual card payments from buyers.
As Billtrust continues to build its supplier network, Arvest ePayables clients will have an opportunity to expand their ePayables program through new and existing supplier relationships. Billtrust is an added resource and tool for our Arvest ePayables supplier enrollment and enablement services. By adding this partnership to our Arvest ePayables program, we are able to maximize ePayables programs over time for clients as their company and supplier relationships evolve.
“BPN gives Arvest customers access to additional suppliers while streamlining payments for both suppliers and buyers, enabling them to be sent in suppliers’ preferred formats,” said Keith Zollicoffer, Arvest’s director of commercial credit card solutions. “Driving more electronic spend and promoting digitization helps equip our clients’ businesses for the future, while maximizing our level of service and the value we provide.”