BILL (NYSE: BILL) announced enhancements to its Supplier Payments Plus platform designed to automate payment processing and cash application for enterprise suppliers. The company stated the expanded capabilities can help large suppliers receive payments up to seven days faster.

The platform updates include Card Straight-Through Processing, which automates card payment processing by depositing funds directly into supplier accounts. The system also features Intelligent Payment Preferences that allow configurable payment rules for both card and ACH transactions.

BILL is extending digital payment acceptance beyond its existing network through Payment Links, allowing suppliers to accept card and ACH payments from small and medium-sized businesses without requiring account creation. The platform aims to convert paper checks and manual payments into digital transactions.

According to industry research cited by BILL, 93% of companies plan to prioritize cash application efficiency improvements in 2026 to reduce manual reconciliation and payment delays.

The enhanced platform provides unified visibility across incoming payments from both network and non-network businesses through a single dashboard view. BILL operates a network of more than 8 million businesses and processes approximately 1% of U.S. GDP annually.

"B2B payments are complex, requiring orchestration, trust, and precision across both SMBs and their Enterprise Suppliers," said Mary Kay Bowman, executive vice president and general manager of Payments and Financial Services at BILL.

The seven-day faster payment claim is based on BILL's internal analysis comparing average payment processing times for select check-heavy suppliers before and after onboarding to Supplier Payments Plus, according to the company statement.