Sunday, February 3, 2013 - 14:19

Across the nation and around the world – everywhere tech savvy founders, owners, finance leaders and executives operate – a new generation is using game-changing technology to replace time-consuming paper processes with fast, efficient cloud-based systems everywhere in their businesses.

These “No Check” CEOs aren’t tied to their offices, but free to manage their companies from wherever they need to be, with instant, real-time access to their business and financial data from anywhere, 24 hours a day.

Many never use paper checks, because they send electronic payments instead. Their staffs never waste time printing invoices or stuffing envelopes, or spending money on supplies and postage because they invoice and process bills electronically. And because they also get paid electronically, you never see a pile of checks sitting in an office waiting to be deposited – customer payments go straight into their accounts.

Some “No Check” CEOs don’t even have file cabinets in their businesses. That’s because they don’t need to save and store paper receipts, purchase orders, contracts or the paper invoices their old-school vendors still send – not when it’s so much simpler and more efficient to scan all these items to a cloud based system where they’re always instantly accessible from anywhere, whenever they’re needed for making the right decisions.

But don’t think they do all this just to save trees, although paper manufacturing is the third-largest user of fossil fuels in the developing world, and contributes significantly to deforestation, greenhouse gases and climate-change.

And they’re not doing it just to save space, either, although getting rid of file cabinets, folders, shelves, microfiche systems and drawing cabinets does free up a lot of room, and eliminating the need for off-site document storage does lower costs.

These smart, innovative “No Check” CEOs know from experience that replacing paper with cloud-based technologies frees their time, speeds their responsiveness to competitive change, improves their customer service, drives down their costs, and gives them unprecedented visibility into business performance.

“No Check” CEOs have proved that eliminating paper wherever possible makes everyone in their companies more efficient and productive – including themselves. And because eliminating paper also eliminates the need to be near their file cabinets where the paper is stored, they’re no longer tied down for long hours at the office. They’re free now to access documents and manage their businesses from anywhere they want to be, via laptop, tablet or smart phone.

What has made this transformation possible?  Finance on the cloud (also known as SaaS--- Software as a Service).

This means that instead of an error-prone manual paper process, “No Check” CEOs can automate all their payables and receivables activity by using software which the providers host from the cloud.

The advantages are many. Their data is now more secure because, unlike paper documents and checks, electronic data can be protected with enterprise-level security systems.  The “No Check” CEO can set approval authority and control access, eliminating fraud. And with one click they can sync all their activity with their accounting software and link with their bank account.

Cloud applications make it easy for groups to collaborate, no matter the geographical distance between members. For example the process of approving bills for payment goes much faster when bills and the associated documents are accessed electronically.  And staff at distant offices can all access the same data simultaneously.

“No Check” CEOs never have to pay for a software upgrade, because cloud applications are upgraded continuously as part of the service. Their IT costs are lower, because they no longer have to purchase servers and the cloud provider handles all the maintenance.

Best of all, cloud applications can be used from anywhere, from any device with a web browser – another reason “No Check” CEOs and their staffs are no longer tied to the location where a critical application is available on only one computer.

Interested in becoming a “No Check” CEO yourself? It’s as simple as moving your business processes from the manual, paper world to the cloud, via services such as Bill.com.

Wednesday, January 23, 2013 - 14:17

By Christina Del Villar, Senior Director Marketing

Dan Campbell of Camelback Hotel Corp. owned seven profitable hotel franchises in Arizona, but he wasn’t happy. His portfolio included Best Western, Ramada, Super 8, and Wyndham hotel brands.  He was up to his neck in paperwork and drowning in an endless stream of phone calls from seven hotel managers wanting to know if this or that bill had been paid yet. This was back in 2009, before Dan became a “No Check” CEO.

Each hotel had hundreds of vendors, from the local hardware store to landscapers to pool cleaners. That meant hundreds of invoices going to each property every month. The managers would review the bills as they came in, code each one to an account, and then once a week stuff them into a big envelope and send them to Dan’s bookkeeper. The bookkeeper would key each bill into QuickBooks, print out the checks and staple them to the bills for Dan and his wife to review. Finally, the checks would be mailed, and once a year they would put all the bills in storage.

Meanwhile, if one of the Tucson hotels’ plumber wondered about a payment, he’d call that hotel manager, who would call Dan, who would have to search in QuickBooks or dig through a file cabinet to check the status.

Then, one Sunday – a Sunday when Dan really wanted to be playing golf with his friends – inspiration struck.

“I thought, ‘There’s got to be a better way!’” says Dan. “I did a Google search, and Bill.com came up. That was my ‘Aha!’ Moment.”

“Now the managers don’t send the bills to me – they scan them to Bill.com instead, along with any other paperwork, like signed receipts for work done. Then we go online to review the bills our managers have approved, and everything’s right there, so we can give final approval, schedule the payment and let Bill.com take it from there.”

Today, Dan Campbell’s phone is quieter and he can concentrate on more strategic activities. If a vendor calls a manager, the manager just checks online to see the status, without interrupting Dan.

“Now my wife goes online at McDonalds to pay the bills while our daughter is in gymnastics,” he says. “And now our bookkeeper, who’s been with us for years, she’s like part of the family, can do everything she was doing in the office from anywhere, so she moved to Missouri to be near her children.”

“This is so cool from an operational standpoint because it puts control of accessing that bill at the hotel rather than at the corporate office,” says Campbell. “We’re not getting flooded with phone calls anymore, and I’m not running to my file cabinet every five minutes. Now, everything exists within Bill.com and that makes my life much nicer.” 

Wednesday, January 23, 2013 - 14:16

Explains the Competitive Edge Businesses Gain By Running Paperless Businesses,

Insisting on Electronic Payments

Bill.com, the leader in integrated bill payment, invoicing and cash management solutions for businesses, today announced that it will reveal how a new generation of “No Check” CEOs are saving money and increasing results by running paperless, electronic payment-fueled businesses in a free webinar replay, “Top Ten Reasons to Be a ‘No Check’ CEO”. Registration for the replay is available at http://cashflow.bill.com/NoCheckCEOs012813.html.

“No Check” CEOs are business leaders that are using game-changing technology to digitize a historically paper-based and time-consuming process. They and their staff can pay bills, send invoices and reminders, handle approvals, manage documents, and manage cash flow from anywhere at anytime. 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 webinar will feature technology leader Mark Johnson, presently a partner at TTV Capital and previously Vice Chairman of CheckFree. As creator of CheckFree's leading online bill payment service, Mark oversaw CheckFree’s growth from a pre-revenue start-up into a public corporation with more than $1 billion in annual revenue. Prior to CheckFree, Johnson worked for the Federal Reserve Bank and Bank One.

Moderated by Bill.com founder and CEO René Lacerte, the webinar will offer many tips and tricks, including how becoming a “No Check” CEO can help you gain more control; better visibility; improved security; and better collaboration.

“It’s been very exciting for us to see the great results that the new ‘No Check’ CEOs are achieving with Bill.com and other Cloud solutions,” said René Lacerte, founder and CEO of Bill.com. “Mark is a legend in the technology community, and we look forward to an hour filled with fascinating first-hand knowledge of how to build a successful, paperless business in the Cloud today.”

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. 

Wednesday, January 23, 2013 - 14:15

One of Bill.com’s most powerful features is how simple we’ve made it for accountants to work with all their clients regardless of location via their own customizable consoles. These consoles, which can be branded with your company logo and accessed from your website, lets you set up distinct services tailored to the needs of each of your clients, all from one easy to use interface. So the consoles are, in a nutshell, your own leading-edge client service solutions, configured to fit the way you work and tailored to each client.

Our accountant customers have told us again and again how the console has changed the way they work, letting them be more effective and efficient. To celebrate this success and to encourage even more accountants to set up their personal consoles and onboard all their customers, we have been running a great contest, Bill.com’s Amazing Race, which will culminate in a customer winning a trip to Hawaii.  

Bill.com’s Amazing Race has three heats, and the third, which focuses on customers “refining their expertise,” is running for the month of January. In this heat, contestants will be judged by their activity level in the following:

  • emedding the Bill.com weblink to your website;
  • completing the Bill.com Guru certification; and
  • adding more clients to your console.

The most actively engaged customers of each heat will be eligible for to win prizes such as:

  • American Express, iTunes, and Amazon.com Gift Cards - ~$50 value
  • Amazon Kindle products (Fire HD, Fire, Paperwhite 3G, Paperwhite) - ~ $200 value
  • Apple products (iPod Touch, iPod Nano, iPod Shuffle) - ~$200 value

The grand prize winner will receive the trip  to Hawaii.

I’d like to congratulate the winners of the first heat, which ran for the month of November! The following winners will receive a $50 Amazon gift card:

  • David from BizCFO, Inc. in Santa Monica, CA
  • Janine from Anifinson Thompson & Co. in Willmar, MN
  • Patty from Bowers & Company CPAs PLLC in Syracuse, NY
  • Barbara from McGladrey in Ft. Lauderdale, FL

We will be announcing December’s winners soon. And remember it is never to late to join the race—you can accomplish a lot in just a few weeks, even if you are just setting up your Bill.com account for the first time today! So, get in the race by visiting www.bill.com/theamazingrace. And thank you again for being part of our growing Bill.com community!

René Lacerte, Founder and CEO, Bill.com

Tuesday, January 22, 2013 - 14:14

Bill.com and Expensify Announce Product Integration; Allows Users to Easily Streamline Expense Reports  

Integration Shows Momentum for the Bill.com Application Platform Which Has Open APIs For Developers

PALO ALTO, CALIF. — Jan. 22, 2013 — Bill.com, the leader in integrated bill payment, invoicing and cash management solutions for businesses, today announced integration with Expensify, the leading expense management provider, to provide users with an easy, efficient way to manage expense reports. The announcement illustrates the strength of the recently announced Bill.com application platform by adding popular software, beyond accounting, that customers have been asking for.

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. Expensify allows users to easily manage their expenses by importing expenses and receipts from credit cards and mobile phones. With the new integration, employees can now submit a PDF version of their expense report in Expensify directly to their Bill.com account.

“By integrating with Bill.com, we bring together the best names in bill payment and expense reports to provide customers with an easy, painless way to submit expense reports, while increasing accuracy and speeding up the process,” said David Barrett, CEO, Expensify.

With Bill.com’s new platform, developers can directly integrate applications ranging from expense management solutions to CRM systems, in addition to accounting systems.  The platform offers a complete set of open APIs allowing developers to deeply integrate and provide businesses complete workflows across their systems. As part of the platform, Bill.com offers the first sync management framework that provides developers both best practices and a toolset for dealing with systems integration and sync. This framework allows for every integration to function similarly, so businesses can fully leverage multiple integrations at the same time and in the same manner.

"We're excited about offering this integration with Expensify and our new platform," said René Lacerte, founder and CEO of Bill.com. "One of the key benefits of Bill.com is managing the process of paying bills and getting paid, and now that process extends to expense reports. This is exactly the kind of capabilities our customers are asking for and what our platform enables."

About Expensify

Expensify does "expense reports that don't suck!" by importing expenses and receipts from credit cards and mobile phones, submitting expense reports through email, and reimbursing everything online with PayPal and direct deposit. Expensify's unique design suits everybody from individuals tracking their personal finances to companies with a thousand employees, and everywhere in between. Expensify is free for individuals and small businesses, with premium upgrades available for receipt scanning and shared expense policies.  For more information, check out https://www.expensify.com

Friday, January 18, 2013 - 14:12

We aSleeter logore always so pleased to see customer testimonials appear online. Below is a blog from customer Tim Hughes which appeared on Sleeter.com this week. 

To read the article, click here: http://www.sleeter.com/blog/2013/01/smartvault-vs-bill-com

Friday, January 18, 2013 - 14:11

FREE BILL.COM WEBINAR SHARES SECRET RECIPE FOR FRANCHISE MULTI-UNIT GROWTH

Industry Guru Aziz Hashim Reveals How He Grew From One Store in 1996 To More Than 60 Restaurants

PALO ALTO, CALIF.— Jan. 18, 2013 — Bill.com, the leadeAzizHashimr in integrated bill payment, invoicing and cash management solutions for businesses, today announced that it will explore how moving to the cloud can help franchise owners grow their business quickly and effectively in a free webinar, “Secret Recipe on Multi-Unit Growth,” on Friday, January 25, at 11 a.m. PT. Registration is available now at http://cashflow.bill.com/multiunit_012513.html.

The webinar will feature industry guru Aziz Hashim. Hashim founded NRD Holdings in 1996 with one KFC location, and has since grown the company to over 60 restaurants, including Popeye’s, Domino’s and Checkers/Rally’s. A recognized authority on multi-unit franchise growth, Hashim often shares his experience at major restaurant and franchise conferences, and is frequently quoted in the Wall Street Journal, Washington Post, Atlanta Journal-Constitution, QSR Magazine, and other publications.

Moderated by Bill.com founder and CEO René Lacerte, the webinar will be packed with actionable data and useful insights franchise owners can use to:

  • select the right brands for rapid, profitable growth;
  • address barriers to expansion;
  • maximize growth while minimizing growing pains;
  • optimize your cash flow with new technology; and
  • save thousands of dollars every year and manage risk.

“Aziz offers an amazing wealth of knowledge and experience, and we are so pleased to have a leader of his caliber share his secrets with the Bill.com community,” said René Lacerte, founder and CEO of Bill.com. “The cloud is such a powerful tool for franchise owners looking to rapidly build profitable businesses in multiple locations. We look forward to offering practical tips on how to get started on the road to success today.”

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 digitizes a historically paper-based and time-consuming process, allowing 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. 

Thursday, January 17, 2013 - 14:09

Free Bill.com Webinar with Xero to Explore Why the Time is Now to Move Your Business to the Cloud

Webinar Will Illustrate How Moving To The Cloud Can Save Time, Delight Customers, and Reduce Costs

Xero-logo-lowres-RGBPALO ALTO, CALIF.— Jan. 17, 2013 —Bill.com, the leader in integrated bill payment, invoicing and cash management solutions for businesses, today announced that it will explore how moving to the cloud can save you time, delight customers and reduce costs in a free webinar, “Born on the Cloud: The Time is Now,” on Friday, January 18, at 11 a.m. PT. Registration is available now at http://cashflow.bill.com/TimeIsNow011813.html.

The webinar will feature Jamie Sutherland, president of U.S. operations at Xero online accounting, and Steve Chaney, CPA and Managing Partner, Chaney & Associates and Xero Gold Partner.  Moderated by Bill.com founder and CEO René Lacerte, the webinar will feature these cloud computing leaders discussing:

  • the evolution to cloud computing;
  • its benefits to businesses, customers and vendors; and 
  • why businesses should move to the cloud today.

“Today, companies are leveraging cloud services for all their business systems and processes,” said René Lacerte, founder and CEO of Bill.com. “There are so many amazing ways that the cloud can transform financial professionals’ lives. We look forward to covering many great opportunities in this webinar to make sure no one gets left behind.”

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 digitizes a historically paper-based and time-consuming process, allowing 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.  

Wednesday, January 16, 2013 - 14:05

Recognized in Best Software as a Service Category Screen Shot 2013-01-15 at 4.22.28 PM

Palo Alto, Calif.— Jan. 16, 2013 — Bill.com, the leader in integrated bill payment, invoicing, and cash management solutions for businesses, today announced it has been named a winner in the Best Software as a Service category of the 2012-2013 Cloud Awards Program.

 

The cloud computing awards program accepts entries from organizations of any size – from enterprises to start-ups – in the US and internationally, with an aim to celebrate excellence in the field of cloud computing.

“Bill.com has used the cloud to transform the finance industry, finally freeing finance professionals from the old manual, error-prone ways of managing cash flow and moving funds,” said René Lacerte, founder and CEO, Bill.com. “This award is especially gratifying to us because it recognizes Bill.com for what we have been focused on from day one: harnessing the power of the cloud to make people's lives better."

Cloud Awards organizer Larry Johnson said: “Compiling the shortlist was difficult. But trying to pick individual winners in any category was almost impossible.

“We are extremely pleased to endorse Bill.com as a cloud services provider which solves real-world problems for its clients, knocking down the barriers inherent in older business models and showing them to be outmoded – truly leveraging cloud technologies to be the best of the best.”

The Cloud Awards (http://www.cloud-awards.com/) will return in 2013-14 for a fresh program seeking excellence in the field of cloud computing.

Nearly 200 organizations entered, with entries coming from across the globe and including Europe, the US and Middle East. Due to high levels of demand, the program will include a new category for cloud consultancy services, and will accept entries from all international territories, including Australia.

Full list

Developer of the Year

  • Wedge Martin, CTO and Co-Founder of Badgeville
  • Dermot Doherty, iSpaces inc (Winner)
  • Michael Gould, CTO, Anaplan

Most Promising Start-Up

  • Social iQ Networks
  • Tango Card (Winner)
  • ÜberConference

Best Cloud Infrastructure

  • CloudSigma
  • Sonian (Winner)
  • DocuSign
  • HWG / Interoute
  • LiveOps
  • SolidFire

Best Platform as a Service

  • Red Hat, Inc. (Winner)
  • Apprenda
  • Eccentex Corporation
  • Infusionsoft
  • Pegasystems
  • CloudBees

Web Services Excellence

  • Riverbed Technology (Winner)
  • DocuSign
  • Sonian
  • StrikeIron

B2B Customer Strategy

  • School Improvement Network
  • CloudSense
  • Badgeville, Inc.
  • Cvent, Inc (Winner)
  • TOA Technologies

Data Innovation of the Year

  • ReachForce
  • DocuSign (Winner)
  • KXEN, Inc.
  • MuleSoft
  • Coveo

Best Software as a Service

  • Synergy Marketing, Inc.
  • Jobscience
  • iCIMS, Inc.
  • E2Open
  • Adaptive Planning
  • Bill.com (Winner)
  • Fraunhofer Innovation Cluster
  • Socialtext
  • Citrix
  • River Meadow

Security Innovation of the Year

  • FireHost
  • CloudPassage
  • HOB GmbH & Co. KG (Winner)
  • Ping Identity

 

Wednesday, January 9, 2013 - 10:49

Play by your own rules - customize approval policies

Check

You pay a lot of bills. Before paying the big ones, you want someone to approve them. For the really big ones, you want several someones to approve (maybe even some particular someones). You aren't just anyone: you call the shots, you make the rules. Wanna know more? To customize your approval policies (beta), contact us.

Jump nimbly - fix ePayment failures 

Typos. New bank accounts. Forgetfulness. They happen. But if they result in your missing a payment to a vendor, you want to jump on it. Fast. If you miss making a payment due to an erroneous vendor bank account number or routing number, we flag it in your To Do list, ASAP. We email your vendor and tell them exactly what happened. We email you and explain exactly what to do. Jump nimbly.

Run secure'r - choose additional security  

LockWe've always got you covered. Now we've added armor plating. When something catches our attention, we send a security code to your phone. Then we prompt you to enter the code in your Bill.com account, so we know everything is OK. The only person who should view and use your sensitive information is you. Learn more. To set up this additional security, contact us.

Sync AND swim - connect with Xero

XeroDo your accounting in the cloud with Xero? Syncing brings over everything from Xero that you need for your payables and receivables: vendors, customers, products, and details. Syncing also sends your Bill.com payables and receivables transactions back to Xero, efficiently keeping your accounting up-to-date. We work together, swimmingly.
 Interested? Currently sync with another accounting system, but want to move to Xero? Contact us.

Divide and conquer - keep ePayments separate

Schedule a lot of ePayments to the same vendor? If you schedule them for the same day, we’ve always combined the payments and made one electronic transfer to your vendor.
But sometimes you want to send separate ePayments. Maybe you (and your vendor) like the simplicity of reconciling specific bills with specific ePayments. Whatever the reason, we now give you a choice: make specific payments on separate electronic transfers, or combine payments onto one ePayment. When it comes to dividing, you do the deciding. Learn more.

Product Team Chat - 

We're trying something new! To reach as many of our amazing customers as possible, we've decided to host an open chat session with our product team (instead of our usual webinar). Get to know us and Bill.com better. Sign up now!

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