PaymentsPlus provides a secure, streamlined way to manage all your payables needs. Simply register online, submit your approved payment details, and we'll help do the rest.
How PaymentsPlus works - 3 simple steps
- Choose a payment method (EFT, BPAY®, cheque) and how you'll deliver remittances (online, fax, post, email). We'll help you with the setup.
- Submit approved payments online for processing as they fall due. PaymentsPlus takes care of both payment and remittance.
- Keep track of payments with extensive reporting options and benefit from easier reconciliation and forecasting.
What are the benefits to you?
- Flexibility to pay suppliers, employees, shareholders and other recipients via EFT, cheque or BPay®
- Simplified reconciliation process by tracking payment status online and greater monitoring of business spend
- Reduced support costs whereby suppliers can access and view payment information online
- Enhanced account management with customised reporting and online remittances
- Make your money work more efficiently by extending your payment terms without adversely impacting your suppliers. With Supplier Finance your suppliers have the option to receive early payment1 from Westpac while you stil pay at invoice maturity. This enhances cash flow for both you and your suppliers.
And greater transparency for recipients
- They can see when approved invoices are due for payment, when they're paid and into which account
- Easy account reconciliation and cash flow forecasting using reports downloaded online
- Potential to improve their cash flow with an early payment1 option.
Like to know more?
Talk to your Relationship Manager or Transactional Banker.
Read how PaymentsPlus can be your one stop shop for payables.
Next steps
Things you should know
- 1. Your business must meet specific criteria to be eligible for the Supplier Finance Module. Find out if you are eligible by speaking to your Westpac Business Banker or Client Manager.
