As businesses increasingly seek efficient payment solutions, Payroc has announced its partnership with Biller Genie, aiming to streamline accounts receivable processes for QuickBooks merchants. The collaboration provides automation tools to simplify invoicing and payment collection, helping businesses focus on growth while reducing operational inefficiencies. This initiative reflects a growing industry trend toward adopting technological solutions to address longstanding challenges in financial operations.
How Does the Partnership Address Key Pain Points?
The partnership integrates Biller Genie’s accounts receivable automation platform with Payroc’s payment technology, allowing QuickBooks merchants to automate their billing processes. Features such as automated invoicing, payment reminders, and collections are designed to eliminate manual handling and reduce errors. Payroc’s RewardPay Choice program further supports merchants by enabling them to offset processing fees through a compliant surcharge mechanism.
Why Are Companies Hesitant About Automation?
Despite the benefits, many companies remain reluctant to adopt automation due to costs. A PYMNTS report indicates that 96% of mid-sized firms face hurdles when transitioning to automated AR systems, with financial investment being the most cited barrier. Research also highlights that 35% of businesses still rely on outdated manual processes, while 24% continue using spreadsheets, leading to increased inefficiencies and delayed cash flow management.
In earlier analyses, PYMNTS Intelligence reported that manual AR workflows contribute to poor cash flow forecasting, with 59% of businesses identifying these inefficiencies as detrimental. Additionally, invoice volumes are projected to rise by 46% in the next three years, further stressing traditional methods. This backdrop helps contextualize the importance of partnerships like that of Payroc and Biller Genie, which provide ready-made automation solutions for QuickBooks users.
James Derby, Payroc’s executive vice president of product commercialization, remarked,
“By integrating with Biller Genie, we’re providing a complete accounts receivable solution to our sales partners and their merchants. This partnership will help merchants automate key processes, save on processing fees, and focus on growing their business.”
Automation advocates frequently argue that modernizing AR systems fosters better cash flow predictability, reduces day sales outstanding (DSO), and strengthens financial positions. Corrie DeCamp, chief product officer at Billtrust, previously highlighted that automation minimizes high error rates and operational inefficiencies, which are common with manual processes. These insights align with the goals of the Payroc-Biller Genie partnership to support merchant scalability and operational efficiency.
While the benefits of automation are evident, addressing cost barriers remains critical for broader adoption. The partnership between Payroc and Biller Genie demonstrates that tailored solutions can simplify the transition for businesses. For organizations hesitant to automate, the focus should be on long-term gains rather than upfront costs, especially as digital-first economies continue to grow rapidly.
