As a founder, you would not want to spend your time on non-core activities like paying different enterprise bills. But despite wanting to devote all your time to scale your business, you have to take care of bills such as electricity, internet, rent, etc.
An HBR survey said that knowledge workers (founders, scientists, doctors, etc) devote 41 percent of their time to non-core activities.
Simply stating that “you must outsource your work to someone within the team,” is easier said than done.
One glance at social media profiles of startup founders will show how difficult it is to pay enterprise bills even when it’s delegated. Founders spend a considerable amount of time waiting for OTPs and forwarding them to their accountants so that enterprise bills are paid in time.
There must be an easier way to do this.
Simplify enterprise bill payment with Paytm Payouts
Automating payments of recurring bills is the only answer to this problem. And Paytm Payment Gateway has cracked the solution so that you don’t have to manually pay each and every bill every month.
While paying different bills every month in itself is a big challenge, we have gone one step ahead and solved more complex billing situations.
For example, paying utility bills gets scarier when you have to pay bills of more than one office. What if your offices are in different cities and you have to deal with multiple billers for the same utility, like electricity.
Different billers will have different payment cycles and deadlines. And, they will expect you to keep track of it and pay in time, or else you will have to face the music and pay arrears.
Worry not, Paytm Payment Gateway has considered all the scenarios you would face to clear utility bills. We have painstakingly created Paytm Payouts for this purpose, which takes care of all your bill payment woes.
Benefits of using Paytm Payouts
Businesses like yours can manage and pay all your enterprise-related bill payments right from our dashboard.
To make things easier for you, we have partnered with several billers so you receive a digital bill way before you get a physical one. This ensures that your bills are paid within the time. An additional perk of paying before time is that some billers offer special discounts on such bill payments.
Since we have partnered with billers across the country the bill payment success rate with Paytm Payouts is way higher than other players in the industry.
Here are the top three benefits of using Paytm Payouts:
- Bulk payments
Whether you operate a single office or multiple offices in different cities, hop on to our dashboard and filter bills depending on the business location, due dates, bill providers, etc.
You can sort bills for every shop, corporate office, warehouse right from the dashboard in just a few clicks. Once you have sorted all the bills and are satisfied that there are no duplications or any other issues, go ahead and pay all the bills in just one click.
Our bulk payment option allows you to pay as many utility bills you want to pay in one go. You can either select all the bills with one click or manually select bills that need to be paid immediately and pay them with just one click.
- Easy reconciliation
Reconciliation of bill payments is another issue that you would be facing after paying utility bills. With Paytm Payouts reconciliation is just a matter of clicks.
You can generate custom reports for each and every office, warehouse, etc. Our solution can be easily integrated with your existing ERP and financial reporting systems.
- Quick approvals
Multiple team mates from your business can use Paytm Payouts. The dashboard is your friend where you can add different team members. You can set each and every employee’s limitations, as in the kind of actions they can take on the dashboard.
The administrator can use the dashboard to assign a specific task such as approving the bill to an employee and payments of the bill to another employee.
You can create a custom workflow to make approvals and if need be, do follow-ups with various business departments.
The ABC of enterprise bill payments
Making enterprise bill payments with Paytm Payouts is as easy as ABC. Let’s see how you can start paying bills with Paytm Payouts
- Add bills and other information: Punch in all the bill details such as operator, amount, type of bill, etc. in the dashboard. You will also have to enter the payment details.
- Bill selection: Select the bills you want to pay or filter them depending on the location, due dates, etc.
- Click and pay: Once you have set up the bills you want to pay just click on the pay button. You can make bulk payments as well as single bill payments.
It’s time to ditch the orthodox way of dealing with enterprise bills and start automating such payments so you can concentrate on doing what you are best at. Start using Paytm Payouts today.
