Priority Makes Plastiq Simpler and More Accessible: All Features Now Available Free for All Businesses
Priority has announced a major update to its bill pay solution, Plastiq, making all features free for all businesses. The company has removed subscription tiers, allowing users to access all capabilities, including those previously reserved for premium plans, with only a transparent transaction fee per use. This change aims to empower businesses of all sizes to better manage their finances.
Plastiq offers a comprehensive suite of features, including:
- Paying any vendor with credit card, ACH transfer, or wire
- Streamlining bill payments with tools like invoice data capture and team workflows
- Accessing instant working capital
- Earning rewards on business purchases
Lauren Hearne, VP of Relationship Sales and Management for Plastiq at Priority, stated that this move reflects the company's commitment to providing businesses with essential tools for growth and financial management.
Priority ha annunciato un importante aggiornamento alla sua soluzione di pagamento delle fatture, Plastiq, rendendo tutte le funzionalità gratuite per tutte le aziende. L'azienda ha rimosso i livelli di abbonamento, consentendo agli utenti di accedere a tutte le capacità, comprese quelle precedentemente riservate ai piani premium, con solo una trasparente commissione per transazione. Questa modifica mira a dare potere alle aziende di tutte le dimensioni per gestire meglio le proprie finanze.
Plastiq offre una suite completa di funzionalità, tra cui:
- Pagare qualsiasi fornitore con carta di credito, trasferimento ACH o bonifico
- Snellire i pagamenti delle fatture con strumenti come la cattura dei dati delle fatture e i flussi di lavoro del team
- Accedere a capitale di lavoro istantaneo
- Guadagnare premi sugli acquisti aziendali
Lauren Hearne, VP delle vendite relazionali e gestione per Plastiq presso Priority, ha dichiarato che questa mossa riflette l'impegno dell'azienda nel fornire alle imprese strumenti essenziali per la crescita e la gestione finanziaria.
Priority ha anunciado una importante actualización a su solución de pago de facturas, Plastiq, haciendo t todas las funciones gratuitas para todos los negocios. La empresa ha eliminado los niveles de suscripción, permitiendo a los usuarios acceder a todas las capacidades, incluidas las que antes estaban reservadas para los planes premium, con solo una tarifa de transacción transparente. Este cambio tiene como objetivo empoderar a las empresas de todos los tamaños para que gestionen mejor sus finanzas.
Plastiq ofrece un conjunto completo de características, que incluyen:
- Pagando a cualquier proveedor con tarjeta de crédito, transferencia ACH o transferencia bancaria
- Racionalizando los pagos de facturas con herramientas como la captura de datos de facturas y flujos de trabajo en equipo
- Accediendo a capital de trabajo instantáneo
- Ganando recompensas en compras empresariales
Lauren Hearne, VP de Ventas y Gestión de Relaciones de Plastiq en Priority, afirmó que este movimiento refleja el compromiso de la empresa de proporcionar a las empresas herramientas esenciales para el crecimiento y la gestión financiera.
Priority는 청구서 결제 솔루션 Plastiq에 대한 주요 업데이트를 발표하며 모든 기능을 모든 비즈니스에 무료로 제공한다고 밝혔습니다. 회사는 구독 등급을 제거하고 사용자가 프리미엄 플랜에만 있었던 기능을 포함한 모든 기능에 액세스할 수 있도록 하여 투명한 거래 수수료만 부과합니다. 이러한 변화는 모든 규모의 기업이 재정을 더 잘 관리할 수 있도록 하는 것을 목표로 합니다.
Plastiq은 다음과 같은 포괄적인 기능 세트를 제공합니다:
- 신용 카드, ACH 이체 또는 와이어를 사용하여 모든 공급자에게 지불
- 청구서 지불을 간소화하는 도구인 송장 데이터 캡처 및 팀 워크플로우
- 즉시 운전 자본에 접근
- 비즈니스 구매에 대한 보상 획득
Lauren Hearne, Priority의 Plastiq에서의 관계 판매 및 관리 부사장은 이번 조치가 기업의 성장 및 재무 관리를 위한 필수 도구를 제공하려는 회사의 의지를 반영한다고 말했습니다.
Priority a annoncé une mise à jour majeure de sa solution de paiement de factures, Plastiq, rendant toutes les fonctionnalités gratuites pour toutes les entreprises. L'entreprise a supprimé les niveaux d'abonnement, permettant aux utilisateurs d'accéder à toutes les capacités, y compris celles précédemment réservées aux plans premium, avec seulement une commission de transaction transparente par utilisation. Ce changement vise à permettre aux entreprises de toutes tailles de mieux gérer leurs finances.
Plastiq propose un ensemble complet de fonctionnalités, notamment :
- Paiement de tout fournisseur par carte de crédit, virement ACH ou virement bancaire
- Rationalisation des paiements de factures avec des outils comme la capture de données de factures et les flux de travail d'équipe
- Accès à un capital de travail instantané
- Gagner des récompenses sur les achats professionnels
Lauren Hearne, VP des ventes et de la gestion des relations pour Plastiq chez Priority, a déclaré que cette initiative reflète l'engagement de l'entreprise à fournir aux entreprises des outils essentiels pour la croissance et la gestion financière.
Priority hat ein wichtiges Update seiner Rechnungszahlungslösung Plastiq angekündigt und alle Funktionen für alle Unternehmen kostenlos verfügbar gemacht. Das Unternehmen hat die Abonnementstufen entfernt, sodass Benutzer auf alle Funktionen zugreifen können, einschließlich derjenigen, die zuvor für Premium-Pläne reserviert waren, mit nur einer transparenten transaktionsgebundenen Gebühr. Diese Änderung zielt darauf ab, Unternehmen jeder Größe zu befähigen, ihre Finanzen besser zu verwalten.
Plastiq bietet eine umfassende Palette von Funktionen, darunter:
- Bezahlung von Anbietern mit Kreditkarte, ACH-Überweisung oder Überweisung
- Vereinfachung der Rechnungszahlungen mit Tools wie der Erfassung von Rechnungsdaten und Teamarbeitsabläufen
- Zugriff auf sofortiges Betriebskapital
- Belohnungen für Geschäftseinkäufe sammeln
Lauren Hearne, VP für Beziehungsverkauf und -management von Plastiq bei Priority, erklärte, dass dieser Schritt das Engagement des Unternehmens widerspiegelt, den Unternehmen wesentliche Werkzeuge für Wachstum und Finanzmanagement bereitzustellen.
- All Plastiq features now available for free to all businesses
- Removal of subscription tiers, simplifying pricing structure
- Expanded access to premium features previously to higher-tier plans
- Potential for businesses to improve cash flow management and financial control
- Transaction fees still apply, which could impact overall costs for high-volume users
Insights
Priority's decision to make all Plastiq features free for businesses is a strategic move that could significantly impact its market position and revenue model. By removing subscription tiers, the company is likely aiming to increase user adoption and transaction volume, which could offset the loss of subscription revenue. This shift to a transaction-fee-only model aligns with modern fintech trends, potentially making Plastiq more competitive in the B2B payments space.
The expanded access to premium features like invoice data capture, team workflows and accounting software integrations could be particularly attractive to small and medium-sized businesses. These tools can help streamline operations and improve cash flow management, which are critical pain points for many companies. The ability to pay any vendor with various payment methods also addresses a significant market need.
However, the success of this strategy will depend on Priority's ability to maintain high-quality service without the guaranteed revenue from subscriptions. The company will need to carefully balance transaction fees to ensure profitability while remaining attractive to users. Investors should monitor user acquisition rates, transaction volumes and revenue per user in the coming quarters to assess the impact of this change on Priority's financial performance.
“At Priority, we understand the challenges businesses face in managing cash flow and optimizing their financial health,” said Lauren Hearne, VP, Relationship Sales and Management for Plastiq at Priority. “By eliminating subscription fees and opening up all of Plastiq’s capabilities to everyone, we’re empowering businesses of all sizes to take greater control of their finances.”
Plastiq offers a comprehensive suite of features to help businesses:
- Pay any vendor, anywhere: Businesses can pay virtually any supplier – regardless of payment method acceptance – with a credit card, ACH transfer, or wire.
- Streamline bill payments: Simplify and automate bill payments with tools like invoice data capture, team workflows with unlimited users for approvals, enhanced compliance features, and integrations into major accounting software.
- Unlock instant working capital: Access funds to pay bills or seize new opportunities without impacting cash flow.
- Earn rewards: Earn valuable rewards points on everyday business purchases made through Plastiq.
“This move reflects our commitment to providing businesses with the tools they need to thrive,” Hearne said. “With Plastiq, businesses can focus on what matters most – growing their operations – while leaving the complexities of bill pay and working capital management to us.”
About Priority
Priority is the payments and banking fintech that enables businesses to collect, store, lend, and send funds through a unified commerce engine. Our platform combines payables, merchant services, and banking and treasury solutions so leaders can streamline financial operations efficiently — and our innovative industry experts help businesses navigate and build momentum on the path to growth. With the Priority Commerce Engine, leaders can accelerate cash flow, optimize working capital, reduce unnecessary costs, and unlock new revenue opportunities. prioritycommerce.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20241003514327/en/
Alison Jones, alison.jones@prth.com
Source: Priority
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