American online payment solutions provider Veem has bolstered its domestic payment offering by launching a new business-to-business (B2B) tool.
Dubbed Veem Check, the new product is designed to simplify and automate domestic payments for small-to-midsize remote working businesses.
Using the offering, users can make all their online, check or instant deposit payments within minutes, the company claims.
Using a single platform on desktop or smartphone, they can deliver payments regardless of their vendor’s account status.
Additionally, businesses can use the tracking and reporting features on the centralised platform to track all their payments in real-time.
The solution also offers Quickbooks and Xero accounting integration capabilities.
Veem CEO Marwan Forzley said: “Small business owners, financial controllers, and accountants are moving away from paper-based payments and manual processes as the pandemic increases the demand for online payment solutions.
“The addition of Veem Check strengthens our domestic payment offering considerably. You can now pay anyone in the US using Veem – even if they do not have an account with us.
“You cannot predict the moment you will need to make a transaction or reconcile a payment, but now you can manage it all without having to step foot in a bank.
“This makes a significant difference for today’s growth-focused small business owners, giving them back valuable time in their day and one less thing to worry about.”
In September 2020, Veem had secured a $31m investment to develop a channel partner programme for geographic expansion.
