2012 Innovation Awards Nomination:
Bill.com Receivables
www.Bill.com
Bill.com, a cash flow command and control system that manages accounts payables and receivables for businesses and tax and accounting professionals, launched Bill.com Receivables in March of 2011. As a result, tax and accounting professionals can now easily and more efficiently receive payments online, without the fear of lost checks in the mail or the hassles of tracking down invoices or collections.
In addition, it fully synchronizes invoices, payments and customer information with accounting software programs. Bill.com Receivables more than doubles the business processes that can be automated and streamlined with Bill.com, enabling to easily send custom invoices, collaborate with both Bill.com and non-Bill.com customers and receive payments online — anytime, anywhere.
Bill.com Receivables allows tax and accounting professionals to:
- Email personalized invoices and send automatic reminders: Bill.com synchronizes invoices and customer information with QuickBooks Desktop and QuickBooks Online
- Automatically create a branded “payment portal” for each of their customers; making it easy to send payments and see all invoices ever sent
- Collaborate with customers by exchanging messages and documents online; keeping a complete audit trail of payments and communications
- Make electronic payments easy: Customers can easily add bank account information to make ePayments and set up recurring payments. Payments go directly into users’ bank accounts and are synchronized with QuickBooks Desktop and QuickBooks Online. No more trips to the bank or duplicate data entry.
- Avoid credit card fees: Bill.com ePayments cost only a 49¢ flat transaction fee
- Get paid via credit card: In addition to ePayments, customers can now pay via credit card or PayPal. Payments are deposited directly into users’ Merchant bank account or PayPal account where they can then be used to pay other vendors directly from Bill.com
- (NEW) manage receivables from your smartphone: View invoices and payments received, track open receivables and send reminders directly from your smartphone.
- Stay on top of current and future cash flow: All receivables activity is automatically updated into the Bill.com Cash Flow Calendar streamlining the cash forecasting process.
Coming this spring, Bill.com will be introducing an innovative capability that allows users to conveniently scan checks received into Bill.com, so that payments can be deposited directly into a client’s bank account. Bill.com will automatically update the invoice status and the accounting system while archiving the check image for future reference. A scan and a few clicks will replace the hassles and time spent handling checks.
Bill.com is offered to tax and accounting firms exclusively though the Bill.com Accountant Program from CPA2Biz, a subsidiary of the American Institute of Certified Public Accountants (AICPA).
Contact: Alexarae Antekeier
alexarae@finnpartners.com
415-249-6778
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