What is Bill.com?
Bill.com automates accounts payable, helping accountants efficiently manage all of their clients. We asked them 8 questions, as a part of our “What Is” blog series, to learn more about their app and their company.
What is your app’s name, what do you do and when did you get published on Intuit’s Apps.com?
Bill.com helps accountants and bookkeepers automate their clients’ financial processes, saving them 50 percent of the time typically spent on accounts payable according to an April 2019 Bill.com study.
With the Bill.com Intelligent Business Payments Platform, you can capture, approve, pay, and reconcile bills all within Bill.com, then automatically sync all AP activity and data with QuickBooks. This eliminates the need for double data entry, and results in cleaner books, time savings, and increased client value.
For accounting firms managing payments and processes for multiple clients, there is the Bill.com Accountant Partner Program, which offers the technology, resources and services that firms need to build and grow their bill management services. The Accountant Console enables accountants to manage all clients from a single online location and includes AP and firm efficiency reports plus access to training and certification.
As of September 30, 2019, Bill.com’s partners included some of the most trusted brands in the financial services business, including more than 70 of the top 100 accounting firms and several of the largest financial institutions in the United States, including Bank of America, JPMorgan Chase, and American Express. Bill.com is the preferred provider of digital payments solutions for CPA.com, the technology arm of the American Institute of CPAs (AICPA).
Apps.com has featured Bill.com since the website’s launch by Intuit in 2013.
What was the main problem you were trying to solve when you first developed Bill.com?
According to the SMB Technology Adoption Index, in 2016 over 90% of SMBs surveyed still relied on paper checks to make and accept business-to-business payments. Today, manual financial processes remain time-consuming, inefficient, and costly.
Bill.com was developed to provide an automated platform that gives businesses and their accountants full control over critical financial processes like accounts payable — not just payments but also centralized document storage, customizable approval and payment workflows, and easy reconciliation with banks and accounting software.
What companies (or users) are the best fit for your app?
Nearly any business that outsources accounting, from a sole proprietorship to a mid-sized business with hundreds of millions in revenue can benefit from Bill.com. Bill.com scales with firms as you attract more clients.
Tell us about your users’ top three favorite features or benefits of Bill.com.
- Bill.com captures all invoices in a central location and the Intelligent Virtual Assistant (IVA) captures that invoice data and automatically creates a bill, nearly eliminating time spent on data entry while reducing mistakes, such as paying duplicate invoices.
- Customized approval workflows ensure each bill is reviewed by the appropriate approvers at the firm and client. The approval workflow also enforces separation of duties and is digitally tracked and documented in order to be audit-ready. Once approved, bills can be paid from within Bill.com with just a few more clicks.
- Automatic sync with QuickBooks Online and Desktop eliminates the need for double data entry, saving firms time and simplifying reconciliation.
Tell us about your company’s culture and leadership.
The Bill.com culture is humble, fun, and authentic. The company is passionate about its customers and dedicated to making their lives easier. Bill.com’s CEO, Rene Lacerte, has been motivated by the desire to build solutions that help small and mid-sized businesses and the accountants that partner with them.
How is Bill.com different from your competitors?
Bill.com has earned its reputation as a partner committed to supporting and advancing the accounting profession as evidenced by being the preferred provider of digital payments solutions for CPA.com, the technology arm of the American Institute of CPAs (AICPA). Bill.com (NYSE: BILL) is a leader in financial process automation, with partners that include some of the most trusted brands in the financial services business, including more than 70 of the top 100 accounting firms and several of the largest financial institutions in the United States, including Bank of America, JPMorgan Chase, and American Express (as of September 30, 2019).
What is the pricing for Bill.com?
The Bill.com Accountant Partner Program is $49 per month. Accountants in the program get wholesale pricing for clients and can add unlimited number of firm staff to the Accountant Console at no cost.
Does Bill.com have any programs for Quickbooks ProAdvisors?
The Bill.com Accountant Partner Program is open to all accountants, whether ProAdvisors or not. Firms with larger numbers of clients using Bill.com may be eligible for additional discounts and resources from Bill.com.
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