eOptimise

The simple way to pay suppliers who don’t accept card payments

With eOptimise, you can use your card payment account to send frictionless Buyer Instructed Payments directly to your suppliers’ bank accounts, even if they don’t traditionally accept card payments.

It’s suitable for regular payments like utility bills and commercial rent as well as larger one-off payments to suppliers, sub-contractors and HMRC.

Payments can be made in Sterling, US Dollar or Euros to minimise the cost of currency conversion. You’ll require a Lloyds Bank Business Current account in the relevant currency.

Watch our video to find out more about how eOptimise works.
 

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    • No process change – They don’t need to do anything to receive payment.
    • Reduce Days Sales Outstanding – An option for payments to reach your supplier’s bank account earlier with no cost to them.
    • Payments settled direct to supplier’s bank account – No merchant acquiring account needed, suppliers paid promptly.
    • Automated email payment remittance – eOptimise links seamlessly with existing accounting and payment processes.

    • Pay suppliers efficiently – colleagues can make payments when needed to non-card accepting suppliers.
  • Strengthen the supply chain – Pay your suppliers on time or even negotiate early payment discounts.
  • Direct settlement – Make payments directly into your suppliers’ bank account with no supplier interaction.
  • Extend Days Payable Outstanding – Keep funds in your bank account for longer with up to 59 Days Payable Outstanding on *Sterling purchases.
  • No supplier engagement to onboard – To make direct payments to your suppliers you’ll need to register their details.

*or Euro and US Dollar for accounts billed in those currencies.

Control and Security

Controlled payments

Payments instructed by you so you can retain your existing approval process.

Reduced risk of fraud

Buyers make payments from a central account, which reduces the risk of unauthorised payments.

Get in touch

To find out more about how eOptimise can enhance your business efficiency enquire online.