BILL (formerly Bill.com)
Bill.com simplifies the management of accounts payable and receivable, enhancing cash flow and providing you with immediate insights. This platform is designed...
Bill.com simplifies the management of accounts payable and receivable, enhancing cash flow and providing you with immediate insights. This platform is designed...
Product Overview
Bill.com simplifies the management of accounts payable and receivable, enhancing cash flow and providing you with immediate insights. This platform is designed to optimize financial processes, minimize mistakes, and allow you to dedicate more time to your priorities. Although a few users find the interface challenging, the fact that more than 200,000 customers rely on Bill.com highlights its overall success.
Product Snapshot
Product Details
What Is BILL?
BILL, formerly known as Bill.com, is a cloud-based software solution focused on financial management. Its primary goal is to simplify and automate business-to-business (B2B) payments. This platform serves companies of all sizes, providing an all-encompassing approach to automating accounts payable (AP) and accounts receivable (AR), along with integrated tools for managing expenses and cash flow. By removing the need for manual tasks and paper checks, BILL enables businesses to save time and resources, enhance operational efficiency, and gain better control over their financial matters.
What Is BILL Best For?
This financial operations platform is particularly well-known for its powerful automation features in accounts payable (AP). By digitizing the entire invoice processing workflow—from capture to payment—BILL significantly minimizes manual labor, speeds up payment timelines, and boosts accuracy.
What Is the Cost of BILL?
BILL provides several pricing plans tailored to accommodate various business needs:
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 ranging from $500 to $5 million. Seamlessly request funds, establish budgets, and monitor spending with free software and corporate cards.)
This software offers adaptable pricing structures suitable for a broad spectrum of organizations and their changing requirements. For custom quotes, feel free to ask for a personalized BILL cost estimate.
Please note that the pricing may change.
BILL Integrations
The software seamlessly integrates with several third-party applications, including:
Quickbooks
Oracle
Xero Accounting Solution
Sage
Microsoft
Acumatica
Abila
FreshBooks
How Does BILL Work?
To get started using the software, follow these steps:
Log in to your BILL account using your credentials.
Set up your company information such as name, address, tax details, and bank accounts.
Invite essential team members to join the platform and assign them appropriate roles and permissions.
Create a chart of accounts and integrate the general ledger.
Establish approval workflows for invoices, expenses, and payments.
Navigate through the intuitive dashboard for a complete view of your financial operations.
Request a live demo of BILL to explore its capabilities further.
Who Is BILL For?
This software targets small to medium-sized enterprises across various sectors, including:
Construction
Education
Healthcare
Hospitality
Manufacturing
Nonprofits
Professional Services
Is BILL the Right Choice for You?
If you find yourself overwhelmed by paperwork, chasing overdue payments, or struggling with financial oversight, BILL can help. It automates various tasks, simplifies workflows, and delivers real-time insights so you can concentrate on growing your business.
BILL has a customer base of 200,000 users and has facilitated billions of dollars in bill payments and collections. Users benefit from direct banking and accounting channels that can save up to 50% of the time typically spent on back-office financial operations by securely automating their end-to-end processes.
The platform provides advanced features like enterprise-level fraud protection and comprehensive business payment functions—covering everything from receiving client payments to managing financial reporting and vendor payments. It also includes unlimited document storage, custom invoicing options, and remote access to back-office functions via any mobile device.
Collaboration within workflows is straightforward, with various payment methods available such as domestic ACH payments, international wires, virtual cards, and paper checks. Security is paramount; the platform employs robust measures to safeguard sensitive financial information and ensure secure transactions.
BILL's scalable nature makes it suitable for businesses of all sizes as they evolve. By utilizing artificial intelligence (AI) and machine learning technologies, BILL minimizes data entry errors. Invoices can be sent for team review before finalization, promoting smooth operational flow.
Accounting Software Features
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
Price
Professional
$0
Get Free Guidance from Our Solution Experts.
Ratings
User Reviews
No reviews yet
Be the first to share your experience with BILL (formerly Bill.com).
Frequently Asked Questions
Find answers to the most common queries about our software recommendation service.