Bill.com

Bill.com is a leading cloud-based accounting solution that assists companies with automating their digital payment processes by creating easy-flowing A/P and A/R solutions. With a current customer base of 200,000, Bill.com has helped its users to pay and get paid countless bills worth billions of dollars. With Bill.com, users get access to direct and efficient bank and accounting channels thus saving them up to 50 percent of the time usually spent on financial back-office operations by safely automating their end-to-end processes.

The solution offers advanced tools for enterprise-class fraud protection as well as business payment functions including receiving payments from clients, handling financial reporting and paying off vendors and contractors. Some more features include unlimited document storage, custom invoicing services, the ability to access the back office from anywhere using any mobile device, and workflow collaboration. Different payment methods, including domestic ACH payments, international wires, and virtual cards, and paper checks, are available. The smart platform reduces data entry and human error by leveraging artificial intelligence (AI) and machine learning. Invoices can also be sent to team members for review.

Pricing: Four different pricing plans are offered: Essentials for $29 user/month, Team Plan for $39 user/month, Corporate Plan for $59 user/month and, Enterprise Plan the pricing for which is provided upon quote. A free trial is also available.

USP: Various payment receiving options including ACH, PayPal, and ePayment. Integration with accounting solutions such as QuickBooks, Intacct, and Xero is provided.

Support: Support can be reached via the app, notes, and comments section.

Product Advantages: User-friendly interface with seamless integrations. Easily accessible and helpful support.

Product Limitations: Pricing is a little steep for small companies. Limited reporting options.