On October 28, attendees at the Intuit Connect conference in Las Vegas will be introduced to new features offered by Bill360, the end-to-end accounts receivable (AR) automation platform that accelerates cash flow by 20% – 30% for accountants and most B2B small-to-medium-sized business clients.
The Bill360 platform already improves cash flow for B2B companies with AI and data-driven tools so they can seamlessly process larger transactions, improve client communication for customers with collaboration and real-time notifications, and provide live customer support along the customer journey.
The new capabilities align with Bill360’s mission of helping accountants and their B2B clients optimize both the efficiency of the invoicing process and the ease of payment for buyers, all with the end goal of expanding the range of accountants’ advisory services and significantly improving companies’ cash flow. The new features include enhancements to the invoice email process, increased protection against credit card fraud, as well as options to make paying invoices easier for buyers.
Increased Efficiency and Effectiveness of Invoicing
Bulk emails: Rather than selecting and emailing one invoice at a time, Bill360 clients can select multiple invoices and send email notifications in bulk. This enhances workflow efficiency and reaching as many customers as quickly as possible.
Email Customization: Bill360 offers sleek, modern email templates, enabling clients to deliver personalized messages branded with their company logo. These templates are mobile-friendly, ensuring customers have a seamless payment experience whether they’re sitting at a desk or working on their phones or tablet.
Increased Fraud Protection
Credit card eligibility: As check fraud continues to rise, Bill360 gives clients more control and flexibility in accepting credit cards by manually enabling or disabling credit card payments, and setting threshold amounts, for each invoice and/or customer.
Enhanced Ease of Payment for Buyers
Addition of a one-time payment method: Bill360 eliminates friction from the payment process by enabling buyers to make a one-time payment, such as with a single-use virtual card. This expedites payments because buyers don’t have to update their digital wallets to pay a balance with ease.
Pay Now feature: Buyers can choose whether they want to make or schedule a payment by accessing the client portal or pay directly from the invoice emails they receive. This enhancement gives buyers greater control over their payment workflows.
Downloadable invoices: Buyers can more easily manage invoices by downloading a PDF version directly from their email. By clicking the “Download Invoice PDF” button, they open the file in a local browser and can print and/or save a copy of their invoice for their records.
Bill360 Unlocks Opportunities for Accountants and B2B SMBs
Bill360’s state-of-the-art AR technology digitizes the invoice-to-cash process, generates financial insights, and produces unmatched workflow efficiencies in the B2B space. This unlocks opportunities for accountants to elevate their advisory services for their clients and expand their practice through offering accounts receivable services that in most cases increase cash flow 20% – 30% over existing options.
The solution syncs with existing accounting software (QuickBooksÒ and XeroÒ), typically within an hour, and seamlessly provides:
- Automated invoicing with customizable reminders
- Branded collaboration portal
- Embedded payments options
- Receivable assessment and reporting
- Unique approach to risk assessment that provides faster funding
- Live U.S.-based support for accountants and end users
Bill360’s users are realizing a 48% reduction in DSO (Days Sales Outstanding) accounts receivable on average when they use the platform for six months or more.
Bill360 will be exhibiting at the Intuit Connect conference in booth #16, where conference attendees can speak with our experts and view a demo, which is also available on demand at www.bill360.com.
“The Bill360 platform allows my clients to stay on top of their receivables with minimal effort. The dashboard and interface are user-friendly and provide all the information businesses need. The platform also integrates with QuickBooks seamlessly”, said Tim Hunter CPA and Advanced QuickBooks ProAdvisor.
“As accountants look for more ways to be advisors to their clients, Bill360’s AR automation opens the door to a potential new service offering,” said Jody Padar, the Radical CPA. “Innovations like this allow us to help clients improve their cash flow in a very hands-on way as we assist with another accounting-related task we were unable to help with in the past.”
“We were thrilled to introduce Bill360 to accountants earlier this year, and enable them to expand their practice through offering accounts receivable services, and improve cash flow for their clients”, said Paul Hunter, CEO and founder of Bill360. “The platform was uniquely designed by pioneers in B2B payments and AR automation. Bill360 has achieved the goal of creating a solution that produces financial results and ease of adoption. We are connected to more than 50 software applications for payments with AR automation and have grown to thousands of users since our 2023 launch. We are committed to delivering the best AR automation on the market by regularly enhancing the Bill360 platform with new features and functionality to meet the needs of our clients at a rate of innovation only a B2B-architected platform can achieve.”
Bill360 spent 2 years working with thousands of B2B companies and accountants in product design before their 2023 product launch.
For more information, visit www.bill360.com.
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Tags: Accounting, Small Business
