PALO ALTO, CA--(Marketwire - Mar 25, 2013) - Bill.com, the leader in integrated bill payment, invoicing and cash flow management solutions for businesses, today announced that it is the home of the fastest growing business payments network in the nation, enabling more than 175,000 businesses to pay and get paid. Bill.com manages more than five million bills per year, worth $10 billion-plus, by combining payments, workflow, document management, and integrating accounting solutions in a way never before done. The solution was recognized as the Best Innovation via ACH at the 2013 PYMNTS.com Innovation Awards last week in Cambridge, Mass.
By offering this unique solution and powerful network, Bill.com has become the catalyst for a new generation of CEOs and finance leaders, the "No Check" CEOs. "No Check" CEOs are a cadre of business and financial leaders using game-changing technology to replace time-consuming paper processes with fast, efficient cloud-based systems everywhere in their businesses. They and their staff can pay bills, send invoices and reminders, handle approvals, manage documents, and manage cash flow from anywhere at any time. And they're not only eliminating checks -- they're eliminating paper wherever they can, throughout their organizations, resulting in great savings in time and money.
"The Bill.com Business Payments Network is growing rapidly because companies recognize the need for a more efficient and effective way of not just making business transactions but encouraging business collaboration," said René Lacerte, founder and CEO of Bill.com. "By bringing together people, systems and documents, we are redefining what business payment networks are. It is no longer enough to use a credit card -- to do business today you need to build a community where more happens than just one-off transactions. Businesses need to collaborate any time, anywhere. This is what the Bill.com Business Payments Network is all about."
The Bill.com solution is also being embraced by the banking industry, bringing banks a first-of-its-kind platform that enables them to offer business customers powerful accounts payable and accounts receivable services, develop additional revenue streams, and increase customer acquisition and retention.
Bill.com delivers a complete web-based financial solution for businesses and accountants that provides the tools, information, and collaboration required to better manage their financial tasks and optimize cash flow. Bill.com's game-changing technology allows users to access online bill payments, e-invoicing, document management, and automated workflow through one easy system. In addition to seamlessly integrating with businesses' existing accounting software programs, Bill.com provides financial leaders with a comprehensive view of their cash forecast -- making it the only solution that connects a user's banks, bookkeeping, and business.
Bill.com is a cash flow command and control system that manages accounts payable and receivable for businesses of all sizes. Offering online bill pay, custom invoicing services, unlimited document storage, collaboration tools, and mobile access, Bill.com's services easily sync to users' accounting software programs and online bank accounts to better control company financials. Bill.com guards against errors and employs enterprise-class fraud protections that current methods cannot match. More than 100,000 users are now getting paid and paying millions of bills, worth billions of dollars, using Bill.com. Financial institutions can now offer these benefits to their business customers by integrating Bill.com with their banking platform.