In our latest edition of Get to Know the B-Hive Community, we are happy to introduce you our member, POM and their Marketing & Communications Manager, Anthony de Bruyn ! See below a short interview with POM and discover what makes them a one of a kind fintech.
How long have you been a B-Hive member?
We’ve been a member of B-Hive from the very start – even before it was called B-Hive! We joined when B-Hive was Eggsplore. Over the years, we have participated in numerous B-Hive events, e.g. the FinTech Hackathon and the FinTech Scaleup Program in collaboration with Oracle.
A description of POM
POM optimizes the invoicing process for both sides of the market: billers and customers. POM’s invoice payment services allow companies – large and small – to both significantly lower their collection costs and speed up receivables. At the same time their customers are able to enjoy POM’s superior payment experience in a multichannel environment (across e-mail, mobile, messaging and paper).
POM’s customer base contains - among others - energy companies (EDF Luminus, OCTA+, ...), social insurance funds (Xerius, Liantis, Group S, ...), insurers (DAS), accountancy firms, government institutions (City of Antwerp), ... but also hospitals, schools and sports clubs.
What is POM working on right now? What products/services should the industry be aware of?
Billers can drastically improve the invoice payment experience of their customers by adding a POM QR code to their paper invoices or a payment button to the invoices they send via email. Payment reminders via SMS include a unique POM payment link to quickly settle the bill.
If you pay through POM, copying payment data is a thing from the past as payment data are always pre-filled. You can pay easily by either scanning the QR code (simply with your smartphone camera, any QR reader app or the POM app) or clicking on the payment link in the email or message from your biller.
To pay, you can use trusted payment methods like Payconiq by Bancontact (available for 20 banks in Belgium), Visa, Mastercard, PayPal, Klarna, … or schedule a one-time payment on due date via direct debit.
POM’s invoice payment services are available to billers of any size - regardless of existing e-invoicing initiatives. Next to direct connections to our platform, we also integrate our services with partners like document service providers, invoicing software, administration software, …
What does the future of POM look like?
We continue to invest in innovation in order to stay frontrunners in the field of invoice payments. At the end of February this year, we received an R&D grant from the Flemish government (VLAIO / Agentschap Innoveren & Ondernemen) to further improve our platform in terms of automation, UX, security and state-of-the-art payment technology.
Later this year, we’ll be launching a new & improved version of the POM app for professional users. It's the ultimate time saver for entrepreneurs to process, pay and store incoming invoices and to share them with their accountant. Feel free to get in touch with us to book a demo!
Looking a bit further into the future, it’s our ambition to deliver POM’s services on an international level. We have recently completed a market study to identify the top countries in Europe with the highest potential for POM to enter the market and we are now working on a detailed access strategy per country. Our international expansion project is co-funded by the European Union under the Horizon 2020 programme.
A fun fact of POM
Did you know POM stands for Peace Of Mind? It’s exactly that kind of sensation we are building into the invoice payment experience of our customers. Convenience is at the core of everything we build and bring to market. The entire team is driving forward our mission to eliminate time-consuming administrative work, and by doing so to create a more efficient, prosperous and happier society.