Bill.com is a widely-known, highly trusted, valuable player in the automation space for Accounts Payable and Accounts Receivable. These two areas can consume large amounts of time for many organizations – time which is generally devoted to low-value, repetitive tasks. Bill.com helps businesses connect and do, by saving them more than 50 percent of the time typically spent on financial back-office operations. If your accounting software integrates with Bill.com, changes you make within Bill.com are automatically carried over, so you never have to enter payment data twice. Bill.com saves time and money, boosts productivity, simplifies workflows, keeps everyone organized, and scales with growth. The web interface, payment network, approval feature set, user roles and fraud protection make it a game-changer for businesses.
Skip double data entry, speed up account reconciliation, and improve the accuracy of your records. When you pay or get paid, Bill.com can automatically update your accounting software and bank account, giving you a clear, real-time view of cash flow. Forget keying in identical invoices every month. Set up automated billing so customers know exactly when and how to pay. Automating approval workflows also saves time! Bill.com sends notification alerts to approvers when a new bill is ready for review. Users can review and approve bills electronically from any device, anytime.
Bill.com integrates seamlessly with major accounting software and for any without an integration option, the capability to develop an import/export file to transfer data is very easy to use.
Bill.com integrates with your accounting software to:
The integration capabilities allow you to sync payment data with your accounting system, which will remain the record of truth.
Bill.com allows you to eliminate the excessive and hidden costs associated with paper checks. By migrating to electronic payments with Bill.com, you can save, on average, 40% when compared to paper check costs. When you consider the labor involved as well as the supplies, the savings associated with adopting Bill.com can be substantial. Bill.com saves you and your employees time as well. For example, instead of locating paper contracts or tracking down individuals, Bill.com offers you the ability to access the documents you need online and provides automatic reminders to staff to review bills or customers to pay. More importantly, you will be adding valuable security to your A/R and A/P processes that is simply not available in most traditional A/P and A/R processes.
Avoid the potential of being defrauded by employees or advisors who may have unsupervised access to critical financial processes and information. Bill.com allows you to adopt automated workflows, restrict access and benefit from built-in alerts that can prevent potential fraud. Bill.com adds an extra layer of fraud protection by remitting payments to and disbursing funds from an account owned by Bill.com – your checking account information is never exposed.
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.
Paper-based processes are notorious for eating up large volumes of time related to tracking down documents, filing, following up on invoicing and noting payments. By migrating to Bill.com, you can upload your bills and paperwork to a centralized, cloud-based repository of information that includes due dates, tracking of approvals and bill payment based on your schedule. It also means you can store (unlimited online storage) contracts with bills for easy access – no more digging through files. All this information is available at your fingertips.
