Digital bank Revolut announced on Tuesday that Revolute Business has launched an invoicing tool to streamline payments for UK and EU businesses. According to Revolut, Revolut Business customers may now send professional invoices that simply their Revolut Business accounts. These invoices may also be personalized for customers to provide a branded experience.
“This tool also allows businesses to get paid faster by their customers directly into their Revolut Business account, by offering various payment options such as card payments, bank transfers or Apple Pay.”
Revolut also noted that with the feature, business owners may track progress and monitor invoices from creation to finalizing the document by using real-time tracking and notifications.
How to use this feature:
- Go to the ‘Marketplace’ section in the Revolut Business app and select ‘Invoices’
- Click on ‘New Invoice’ and fill out the information and press ‘Send’
- Customer receives invoice and can make payment via hosted payment page
While sharing more details about the feature, Thibaut Genevrier, Head of Product at Revolut Business Acquiring, stated:
“We chose to add Invoices after hearing numerous requests from customers that this tool would save them time, cut back on administrative tasks and make their lives a whole lot easier. So we have done just that. We want our customers to get more from their business accounts, and with Invoices, customers can now handle all their finances from one place, from invoicing customers, to accepting payments, reconciling, and managing everything seamlessly.”
The launch of the invoice feature comes just days after Revolut announced that Revlut Business was introducing currency forward contracts (FX Forwards) in the UK. As previously reported, Revolut Business’ FX Forwards will allow firms of any size – from large corporates to single-person businesses – to set future exchange rates via an online platform, 24/7. Clients will have the option to obtain a fixed FX rate for a fixed amount and set a date in the future in their Revolut Business web app.