Product Update: Introducing Billboxx Interconnectedness & Providus Integration (A guide)

As part of our commitment to improving your overall experience on our platform, we are introducing an updated feature of the Billboxx application designed just for you. The purpose of this feature is to better improve your relationship with your suppliers and creating a middle ground for your day-to-day business dealings by bringing it all to Billboxx — providing the ultimate B2B experience that you need to pay and get paid on time and everytime. Below are some of the new changes to the platform that will tickle your fancy as you access your account:

Interconnectedness

1. You can now interact with other Billboxx users or non-billboxx users whom you bring onboard the platform through your bills and invoices. Before, you have to take some actions off-platform, you won’t have to anymore. With interconnectedness, adding customers has just been made easier. You can now add a customer/vendor under your Get Paid and Make Payment features by searching their emails and having it saved directly on our database. If the customer exists on the system, we pick it up along with all their important details and automatically gets added to your bill/invoice and you can proceed to create your invoice or bill for that customer/vendor. If it doesn’t exist, you can proceed to fill the add customer form. If you have created a vendor or customers, other Billboxx users interested in doing business with them can search and interact with them through the new update.
2. Whatever happens on your end is also effected on the other user’s account. That’s what interconnectedness is all about. Upon creating an invoice on your Get Paid, you can now request approval from other billboxx users and when created, the new invoice will be saved under your Sent tab while it lies in the other user’s Approval tab.
3. When the other user approves your invoice, the bill moves on their end from Approval to Payables while it moves from Sent to Receivables on your end and from there you can then request for payment.
4. You can still create invoices that do not require approval. Such an invoice– when not saved as draft– will be saved under the Receivables tab when you send a request for payment.
5. When you create a bill and approve it, it gets saved in Payables for you and in Receivables for the business you are trying to pay.

Banking Feature — Providus Integration

Our partnership with Providus Bank is bearing fruit and the evidence is coming right to you.

Courtesy of our all-new Providus bank API, you can finally keep your business inflows and outflows synced and recorded automatically by Billboxx. With this feature, you can:

• Receive money from customers
• Pay money to vendors
• Add money received off the platform into your account and record it as inflow
• Transfer money to your suppliers
• Transfer money to your own account numbers
• Easily pay any amount on bills from your bank balance for other Billboxx users or your third-party customers without breaking a sweat.
• Set a secure transaction pin for payments out of your wallet.

Paying with Billboxx has never been easier and you get to do it faster and in a much better way.

Changes

• Emails are a compulsory part of our customer identification system. The new search feature uses emails as an identifier for linking you with customers/vendors already in the system and it will be required for each and every customer you want to add to the system.
• Business names will be given priority over individual names on customers and vendors added as Business customers.
• You can now make payment on bills via three methods: Pay Now, Pay Later and Pay Small Small (coming Soon)
• Pay Now allows you to pay your bills via Paystack, from your Providus bank balance, and via bank transfer.
• Pay Later allows you to pay your vendors through our credit facility.
• Approving bills is of a serious legal nature. As a result, users will agree to specified terms and conditions before agreeing to pass a bill as approved for payment.

How to Upgrade

• As an existing user, it is imperative that you update your compliance to get an active Providus bank account.
• When you login to your dashboard, you will see the providus dashboard with red lettered “Inactive” text.
• Click this action button and it will take you to the Compliance page where you will be able to supply the required document or number.
• Please, provide your BVN or any other details required and we will ensure that you get verified almost immediately so you can continue to enjoy our wonderful new features.
• Immediately you have been verified, you will get a formal Providus business account for your use anytime and any day.

If you have any questions or need extra guidance, reach out to us. We are always there to help.

Cheers!