Automated accounting: integrated payment thanks to partnership between Concardis and Billomat

• Accounting service Billomat implements a payment option with the new PSP solution Concardis Payengine

• Users of the web-based invoice tool can accept payments online using Concardis Paylink

• Gradual integration of all Billomat users is planned

Billomat, the leading web-based accounting service for small and medium-sized enterprises (SMEs), has entered into a partnership with full-service payment provider Concardis. Companies that use Billomat’s accounting software now have a new payment option: when creating digital invoices, they can use Concardis Paylink to include a link to an individual payment website. With just a few clicks, the recipient uses the link to pay the outstanding amount – just like they are used to when shopping online. The advantage is that, in future, intricate manual bank transfers are no longer necessary. Both the invoicing party as well as the invoice recipient receive a confirmation email following successful payment. Additionally, the transaction is automatically entered into the Billomat ledger system, which eliminates the need to manually record the payment.

‘Our goal is to drive the digitisation and automation of accounting and invoicing forward for businesses. In doing so, the subject of online payment is one of the more important areas. That is why we are excited to have such an experienced partner in Concardis who, with its innovative yet simple solution, seamlessly integrates the payment function into our system – with comprehensive service and at very good conditions,’ says Paul-Alexander Thies, managing director of Billomat.

‘To enable all Billomat customers to use Paylink without delay, Concardis has developed an easy to integrate interface technology through its PSP platform Payengine: registration for payment is carried out automatically and therefore significantly faster than before. Users don’t need any experience with payment solutions to make use of our offer – using Paylink is very intuitive and done directly using Billomat’s online platform,’ says Christoph Jung, Vice President eCommerce Competence Center of Concardis.

The accounting service already has 6,500 active paying users, primarily SMEs and sole traders – and the arrow is pointing upwards. In addition to the management of offers and invoices, Billomat can be used to send payment reminders and to prepare documents for the accounting department. Now all users of the accounting service will also be gradually granted access for payment.

Accepting online payments is becoming more and more important for many businesses: they receive payments much faster and minimise the risk of erroneous transactions. Automatic coupling of the payment process with the accounting software reduces the work needed to manage accounting tasks and saves time.

About Billomat
Billomat is a web-based accounting program that allows customers to take care of their accounting tasks from anywhere – quickly, securely and effectively. Using the mobile app and the SSL-encrypted cloud technology, invoices and payment reminders can be conveniently managed, even while on the go. Billomat’s goal is to make accounting as simple as possible for start-ups, businesses and self-employed people so that users have more time for the more important parts of their business.

The fintech company, with its headquarters in Nuremberg, was started in 2007 by Webworkers. Since March 2016, a new team made up of thoroughbred online and software experts has been working on the accounting tool. The managing director is Paul-Alexander Thies, who has previously worked for payleven (Rocket Internet), travador.com and Groupon.