To enable effective management of payables and receivables, it is critical to have 24-hour access to your accounts. Through CommBiz, our premium online transactional banking channel, businesses can access comprehensive payables and receivables information so they can track account activity from anywhere in the world.
We offer convenient and cost-effective payables solutions to help businesses control cash flow, minimise errors and lower exposure to fraud and unauthorised payments.
Using CommBiz, businesses can make payments to accounts at any financial institution in Australia and across the world. Payment options include direct credit, international money transfers, BPAY ®and same-day account transfers. You can also set up templates for repeat payments.
Find out more about making payments.
Our receivables management solutions allow you to offer customers a wide range of payment options. These include BPOINT Receivables, which encompasses over-the-counter and phone payments, direct debit, e-commerce capabilities with online authorisation, and cheque, money order and manual credit card processing. All payments can be streamlined on a single remittance.
To simplify account reconciliation processes for businesses that receive bulk payments, we offer a range of specialised tools such as agent-encoded deposit books and unique customer numbers similar to those used for BPAY ® transactions. You can use CommBiz to track payments across all channels.
Find out more about receiving payments.