While mandatory for a financially viable operation, bookkeeping – specifically accounts payables (A/P) and accounts receivable (A/R) – can be a drain on resources due to the amount of labor and time it devours. After all, accurately tracking and processing purchases, sales, invoices, receipts, payments and receivables require a lot of attention. This is especially true if your company is paper-based. Now is the time to streamline your A/P and A/R business payment processes and adopt Bill.com.
Collect your money more quickly. Migrating payments online – an option offered by Bill.com – gives your customers more payment options, including credit card, PayPal or online directly from a bank. You can quickly see when a customer has reviewed an invoice or scheduled a payment, and you can set automatic reminders as due dates approach. Most important, these process enhancements allow you to collect your receivables two to three times faster than paper-based processes.