01/08/2024 By Xavier Olivera and Meena Ibrahim
This Spend Matters Vendor Analysis provides an overview of Billhop and its solution for working capital financing and tail spend. E Procurement Process
Billhop addresses common payments pain points for large enterprise organizations, such as working capital and tail spend. ERP systems normally have issues that cause problems for buyers, such as low value transactions and high costs to onboard suppliers. Moreover, according to Billhop, less than 10% of B2B suppliers accept card payments.
This Vendor Analysis explores Billhop’s platform, application and supporting services. It also provides a list of Billhop’s competitors, tech selection tips and key analyst takeaways.
Here’s why Billhop matters:
To the market — Billhop offers cashflow management and working capital financing for large organizations that want to manage and optimize their spend.
To customers — Billhop customers benefit from the vendor’s no-commitment model and 100% card enablement that does not need the supplier onboarded.
Supply Chain Management To potential buyers — Billhop aims to improve operational efficiencies and reduce costs by managing tail spend and accessing supplier discounts, higher rebate structures and cash-backs on credit cards.