Zil US announced on Monday (April 22) that its B2B payments platform will enable Swedish entrepreneurs and freelancers to open US payment accounts remotely, facilitating global business growth. .
The platform will also make it easier for Swedish companies to pay U.S. vendors, affiliates, employees and partners, the company said in a press release on Monday.
“The cloud payment platform provides efficient and affordable cross-border transactions, allowing Swedish entrepreneurs to do business in the United States easily and cost-effectively,” Zil US said in a release. . “This capability eliminates the need for physical presence and provides unparalleled convenience for conducting global transactions.”
According to the report, the Zil US platform streamlines the creation of multiple business accounts for different needs and offers ACH transfers, mailed checks, and wire transfers.
The platform also allows instant transfers between Zil US accounts. We offer virtual cards, international payments, and bulk payments. According to the report, an option to “get paid early” is also offered.
“Zil US simplifies payroll management and ensures continuous access to funds, helping businesses improve cash flow, realize their potential, and ease the burden on small business owners in managing employee payments.” ,” the company said in a release.
PYMNTS Intelligence found that with the rise in international trade and cross-border transactions, companies are looking overseas to maximize growth and access the largest number of customers.
The more companies look abroad for new markets and customers, the more seamless and efficient cross-border payments become, according to the PYMNTS Intelligence and Citi joint study, Financial Management Handbook: A Focus on Cross-Border Payments. The importance of payments will increase.
In another recent move, Zil Money, the parent company of Zil US, will integrate with cloud-based financial management software company Sage Intacct in September 2023 to help Sage Intacct users by automating tasks such as importing invoices. announced that it has simplified its workflow.
This integration improves accuracy, improves productivity, and allows businesses to focus more time on strategic decision-making.
In August 2023, Zil Money introduced credit card payroll functionality designed to help small businesses manage payroll cash flow while paying employees on time.
When you pay with a credit card, the funds are transferred directly to your company's bank account or to your employer, and your employer can use the funds to pay your payroll.
For all of PYMNTS B2B coverage, subscribe to our daily subscription. B2B Newsletter.
