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Every payment type in one seamless platform

 

64%

of financial controllers say accounts payable is a priority for improvement1

Mastercard B2B Hub™ helps eliminate accounts payable inefficiencies and frustrations

Even in today’s digital-savvy world, for many middle-market companies, paying bills is still a manual, expensive and time-consuming process. And it’s not easy for suppliers either; a lack of data and automation makes it challenging to match a payment to an invoice. Mastercard B2B Hub™ helps solve these issues and more.

 

Mastercard B2B Hub™ unlocks more value

for all stakeholders – financial institutions, middle-market companies and their suppliers

Increase revenues

The B2B Hub™ services team has delivered significantly higher than average conversion rates to ePayables – 40% versus 10% industry average for a financial institution’s payables program.

Target new untapped segments in a holistic way

The B2B Hub™ is designed to address the specific needs of the 350,000 middle-market customers that have trillions of invoice payments a year, with clear benefits of helping to increase accounts payable efficiency and control.

Meet the growing customer demand

The B2B Hub™ enables financial institutions to answer the growing demand of middle-market companies for innovative products to improve their business payments.

Decrease costs

Optimizes the bottom line with an end-to-end platform that automates accounts payable, which can help decrease invoice processing cost by 50%.

Free up resources

Reduces manual work, freeing up time and resources required to manage invoices and payments, allowing employees to focus on growing the business further.

Increase visibility

Help increase visibility into payment statuses, the ability to manage cash flow, and access to data.

Flexible payment options

Suppliers can choose how they get paid—cards, check, or ACH – helping them to get paid faster, which can increase working capital.

Improve reconciliation

Enhanced data provides improved reconciliation of payments received.

Increase visibility

Help increase visibility of invoice status and removes uncertainty of when payments will be received.

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1 Institute of Financial Management (IOFM) 5 Enterprise benefits of migrating to electronic B2B Payments, 2016