Payables and Invoice Management

Streamline your accounts payable payment processing in an affordable and secure way

Features

  • Invoice capture – Important invoice information (vendor, payment terms and line level information) is automatically extracted from paper and electronic invoices and presented to AP staff for review and routing to individual departments for approval.
  • Invoice approval – Workflow tools enable AP staff to route uploaded invoices to departments for approval. An unlimited number of scanned invoices and other supporting documents can be stored in the solution.
  • Payment authorization – Approved invoices can then be aged and paid according to the enterprise's cash management policy. Payment authorization can also employ the use of important payment controls. Payment approvers can review and release payments through a web interface.
  • Payment execution – Once payments are authorized, BB&T executes them on your behalf, streamlining the process and eliminating the hassle of sending electronic payments. BB&T also sends electronic remittance details to vendors. Businesses can issue secure payments via physical check, ACH or virtual card.

Benefits

  • Lower processing costs – Save 70% or more on payment processing costs
  • Increase efficiency – Eliminate manual check issuance and simplify electronic payments
  • Control outgoing cash flow – Ensure that payments reach vendors in the shortest time possible, and precisely time and future-date vendor payments by having clear visibility into the amount of time a payment takes to reach a vendor
  • Reduce payment risk – Get access to advanced payment security features such as two-factor authentication, two-factor payment verification, payment limits and integration with Positive Pay
  • Improve internal accounting controls – Implement important payment controls such as segregation of duties and dual approval

Ready to get started?

By email

Have a Treasury Management representative contact you.

In person

Locate a branch.

By phone

Got questions?

800-774-8179

Already use Payables and Invoice Management?

Access your existing account information.

Log in to Payables and Invoice Management(opens in a new tab)

Still exploring?

Video

BB&T Payables and Invoice Management

Reduce costs, minimize payment risk and improve your internal accounting processes.

Article

Is Your ERP Alone Enough?

Explore the benefits that come from adding accounts payable automation to your Enterprise Resource Planning.

Related services

Banking

Choose a checking account, money market account, CD or credit card that's right for your commercial business.

Employer Services

Choose from flexible benefit plans, retirement solutions and payroll options for your company and your employees.

Fraud Detection, Mitigation and Prevention

Keep your information safe and secure with security tools, best practices and education that will help you safeguard your information and systems.

Insurance

Protect your business, property and employees with a cost-effective solution that provides the coverage you need.

Branch Banking and Trust Company, Member FDIC.