BILL (formerly Bill.com)

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.

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.)

Disclaimer: The pricing is subject to change.

Bill.com Integrations

The software integrates with the following third-party applications:

• Quickbooks
• Oracle
• Xero Accounting Solution
• Sage
• Microsoft
• Acumatica
• Abila
• FreshBooks

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

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.