Bill.com automates accounts payable and receivable, boosting cash flow and giving you real-time insights. It helps streamline finances, reduce errors, and free up time for you to focus on what matters most. While some users struggle with the interface, Bill.com's customer base of over 200,000 speaks volumes about its effectiveness.

BILL (formerly Bill.com) Specifications

Financial Reporting

Invoice Management

Expense Tracking

Tax Management

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What Is Bill.com?

Bill.com (now known as BILL) is a cloud-based financial management software designed to streamline and automate business-to-business (B2B) payments. 

It caters to businesses of all sizes, offering a comprehensive solution for accounts payable (AP) and accounts receivable (AR) automation and integrated features for expense and cash flow management. 

By eliminating manual processes and paper checks, Bill.com helps businesses save time and money, improve efficiency, and gain greater control over their finances.

What Is Bill.com Best For?

The financial operations platform is best recognized for its robust automation capabilities in accounts payable (AP). By digitizing and streamlining the entire invoice processing cycle, from capture to payment, Bill.com significantly reduces manual effort, accelerates payment cycles, and improves accuracy.

How Much Does BILL Cost?

BILL offers various pricing plans tailored to the needs of different businesses:

Accounts Payable and Receivable Plans:

  • Essentials - $45/user/month
  • Team - $55/user/month
  • Corporate - $79/user/month
  • Enterprise – Custom pricing
  • Spend and Expense Plan: $0 user/month (Access credit lines from $500 to $5 million. Effortlessly request funds, set budgets, and track spending with free software and corporate cards.)
The software offers flexible pricing options to accommodate a wide range of organizations and their evolving needs. For custom pricing, request a personalized Bill.com cost quote.

Disclaimer: The pricing is subject to change.

Bill.com Integrations

The software integrates with the following third-party applications:

How Does Bill.com Work?

Here is how you can start with the software:

  • Log in to Bill.com software using your credentials
  • Configure company settings, including name, address, tax information, and bank accounts
  • Invite key team members to join the platform and assign appropriate roles and permissions
  • Set up a chart of accounts and general ledger integration
  • Establish approval workflows for invoices, expenses, and payments
  • Explore the intuitive dashboard to gain a comprehensive overview of financial operations
Request a live Bill.com demo and learn more about its capabilities.

Who Is Bill.com For?

The software is for small and medium-sized companies. It caters to the following industries:

  • Construction
  • Education
  • Healthcare
  • Hospitality
  • Manufacturing
  • Nonprofits
  • Professional Services

Is Bill.com Right For You?

Are you drowning in paperwork, chasing late payments, and struggling to gain control of your finances? Bill.com automates tasks, simplifies workflows, and provides real-time insights so you can focus on running your business.

With a customer base of 200,000, Bill.com has facilitated the payment and collection of bills worth billions of dollars. 

Users gain access to direct and efficient banking and accounting channels, saving up to 50 percent of the time usually spent on financial back-office operations by safely automating their end-to-end processes.

Bill.com offers advanced tools for enterprise-class fraud protection and business payment functions, including receiving client payments, handling financial reporting, and paying off vendors and contractors. 

It also features unlimited document storage, custom invoicing services, and access to the back office from anywhere using any mobile device. 

Workflow collaboration is easy, and different payment methods, including domestic ACH payments, international wires, virtual cards, and paper checks, are available.

The platform prioritizes the security of your financial data, utilizing robust measures to protect sensitive information and ensure safe transactions. 

Additionally, Bill.com's scalable platform can accommodate businesses of all sizes, growing with your needs. By leveraging artificial intelligence (AI) and machine learning, Bill.com reduces data entry and human error. Invoices can also be sent to team members for review, ensuring smooth and efficient operations.

BILL (formerly Bill.com) Features

This feature streamlines the creation and delivery of invoices, enabling efficient monitoring of customer payments and reducing overdue balances. By offering multiple payment options, it enhances cash flow. Users can quickly generate professional invoices, track payment statuses, and automate payment reminders, thereby improving customer satisfaction through efficient billing and collection processes.

how it worksSee How It Works

The software's Automated Clearing House (ACH) payment processing enables businesses to make and receive secure, cost-effective electronic payments faster than traditional methods. The platform's seamless integration with accounting software streamlines workflows, while its flat per-transaction fees avoid the higher costs of credit card payments. With a simple setup process, this feature helps organizations optimize cash flow and minimize administrative overhead.

how it worksSee How It Works

The software forecasts future cash positions, identifies potential shortfalls, and optimizes cash management strategies. By providing accurate cash flow projections, it enables informed decision-making, improves cash flow visibility, reduces liquidity risks, and enhances working capital management.

how it worksSee How It Works

With Bill.com, you can create customizable reports and analytics to gain valuable insights into your financial performance. Track key metrics, identify trends, and make data-driven decisions to enhance financial analysis, uncover opportunities for cost reduction, and drive revenue growth.

how it worksSee How It Works

This feature simplifies expense tracking, reporting, and reimbursement. Integrate with corporate cards, automate expense approvals, and enforce policies to improve visibility, reduce errors, and streamline the reimbursement process.

how it worksSee How It Works

Pros and Cons of BILL (formerly Bill.com)

Pros

  • Automates AP/AR processes
  • Improves cash flow management
  • Enhanced financial visibility
  • Reduces manual data entry
  • Cloud-based accessibility

Cons

  • Customization options can be complex
  • The interface can glitch at times
  • Dependent on data accuracy

BILL (formerly Bill.com) Pricing

Spend and Expense

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What's Included

  • Get as many physical and virtual cards as you need

  • Access budgets with proactive spend controls

  • Set up automated expense

  • Manage spend and expense from the mobile app

  • Unlock real-time transaction tracking

  • Reimburse employees easily

  • Get automatic receipt matching

  • Integrate with apps you use everyday

  • Earn flexible rewards

Essentials

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What's Included

  • Easily enter bills

  • Automate approval workflows

  • Pay by ACH, virtual card, credit card, and more

  • Manage bills from a centralized inbox

  • Securely connect with +4M vendors via the BILL network

  • Create professional, custom invoices

  • Send invoices flexibly

Team

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What's Included

  • Everything in Essential +

  • Securely connect with +4M vendors via the BILL network

  • Standard approval policies

  • Payable insights

  • 6 standard user roles

  • Custom user roles

  • Track invoices easily

  • Automate payment reminders

Corporate

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What's Included

  • Everything in Team +

  • Custom approval policies

  • Get discounts for approver-only users

  • Get paid by ACH and credit card

  • Set auto-charge and auto-pay

  • Cash flow forecasting (Available to QBO users)

Enterprise

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What's Included

  • Everything in Corporate +

  • Single sign-on

  • Dual control

  • Multi-entity, multi-location accounting capabilities

  • API access

  • Premium phone support

BILL (formerly Bill.com) Reviews

Overall Rating

4

46 Review(s)

Rating Distribution

5

star

(21)

4

star

(15)

3

star

(5)

2

star

(1)

1

star

(4)

June 2024

High recommendation to use BILL!

Steven

Marketing and Advertising

Ease of use

10

Value for money

10

Customer Support

10

Functionality

9

Pros

BILL stands out for its simplicity and transparency, making it my top recommendation for business software needs!

Cons

Currently, I haven't encountered any downsides. My experience with this has been excellent.

June 2024

BILL AP & AR software for business

Catherine

Computer Software

Ease of use

10

Value for money

10

Customer Support

10

Functionality

10

Pros

What appeals most to me is its directness and intuitive design.

Cons

When you receive an invoice via email, you often need to adjust some fields. The AI automation for this feature isn't always accurate and could use improvement.

June 2024

Creates AP efficiencies, but difficulty in 3-way match processing

Andrea

Food & Beverages

Ease of use

10

Value for money

8

Customer Support

8

Functionality

7

Pros

It's incredibly intuitive, streamlining the process of eliminating paper checks and manually processing wires and ACH payments.

Cons

The expenses, integrating it with our ERP system (Netsuite), and handling inventory prepayments and three-way match transactions were challenging.

Frequently Asked Questions

Yes, the software offers an API.