Wednesday, September 11, 2013 - 22:28

By René Lacerte, CEO and Founder, Bill.com

 

Rene Lacerte of Bill.com

For many years now, the “consumerization” of business, the enterprise, and IT has been bandied about as the defining technological trend of our generation. Indeed, as everyone has counted down the days to this week’s announcement of the new iPhone, one thing is clear: devices are now at the center of all we do, from interacting with our friends to searching the web to participating in webinars. And, yes, we even (very) occasionally still make phone calls with them.

Consumerization is loosely defined as the blending of the personal and business uses of technology devices and applications. It is this second area which, of course, most interests us at Bill.com and which is often lost in all of the hoopla surrounding device announcements.

Applications are inherently different than they were five years ago. People no longer want to work in a way different from the way they think. Just as people can aggregate all the information they need on the web, they want to be able to reach all the business information they need from one place. This is a major shift in how business processes are completed. Gone are linear tasks and siloed departments. To be successful, applications must be able to bridge multiple processes and many departments.

Indeed, collaboration is now key for business success. Just as Facebook and its ilk redefined how we communicate with others—and Wikipedia even changed the way facts are defined and recorded—business applications must now be social and collaborative too.

We have built Bill.com to automate and simplify processes that once took far too much time. And by moving financial processes to the Cloud, we have enabled CFOs and other finance professionals to have the information they need at their fingertips wherever they might be so they can keep business moving at today’s “Internet speed” with deeper knowledge than ever before possible.

So, while we are all excited to get our hands on a new iPhone, we also are just as excited to keep building the applications that truly put the consumer into business. Because without the applications to make businesses work wherever they are, we might have to resort to using our phone to make calls. And nobody wants that!

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Wednesday, September 11, 2013 - 22:13

Bill.com, the leader in integrated bill payment, invoicing and cash flow management solutions for businesses, recently announced that an increasing number of tech companies are deploying Cloud-based financial management solutions to increase their efficiency and reduce their overhead. Companies including RunSignUp, InsideView, ReadyForce, StubHub, Zong and many other rapidly growing innovators have turned to Bill.com to simplify workflow, increase productivity and enjoy the ability to work from any location at any time.

RunSignUp uses the power of the cloud to make it simple for race organizers and runners to manage races and register for races respectively. Started by 25-year tech veteran and avid runner Bob Bickel in 2010, the company quickly grew and now handles more than 3,000 races every year, handling hundreds of thousands of registrations. As a result, the company has to make hundreds of payments a week during peak seasons, a process that took up to a full work day every week when done manually.  Now, with Bill.com, this process takes only 5 minutes a week, giving the RunSignUp team extra hours to further build this fast-growing business.

 

 

“There is simply no way our business could have grown the way it has if we had to process checks manually,” said Bob Bickel, founder and CEO, RunSignUp. “With Bill.com, everything is done with a push of a button, and it has made all the difference in the world to our business. There is great power in going paperless.”

InsideView is another rapidly growing tech company, recently securing an additional $19 million in funding from leading venture capital firms. Used by nearly 13,000 companies and over 350,000 marketing, sales and account management professionals, InsideView provides the data, insights and connections that help organizations find more leads, win more deals, and grow accounts. With this massive amount of data and customers, InsideView relies on Bill.com to simplify its financial management—and a key part of this simplification is making sure that no matter where its financial team might be, financial transactions and approvals never come to a halt. For example, InsideView CFO Jim Lightsey has found that using Bill.com empowers him to work effectively from any location, even when out of the country.

“Bill.com is an essential tool for CFOs because it lets you maintain control over your financials no matter where you are, as long as you have a mobile device,” said Jim Lightsey, CFO, InsideView. “When I was in Greece on vacation, I was able to quickly make all approvals and transactions needed without losing valuable time out of the office. Without Bill.com, it would be simply impossible to keep our business running so efficiently and still be able to leave the office.”

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.

“We built Bill.com to let leaders innovate rather than wasting valuable time writing checks and sifting through piles of paperwork,” said René Lacerte, founder and CEO, Bill.com. “We are particularly pleased to see how fast-moving tech companies have turned to Bill.com to complement their own work in the Cloud. Together, we are creating a new, paperless world where businesses are more nimble than ever, bringing services never before imagined. We look forward to seeing what our customers will create next.” 

 

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Wednesday, September 4, 2013 - 13:04

By Mark Orttung, President and COO, Bill.com

Bill.com Banking Platform

In our quest to empower banks to fully serve their small business customers’ needs, we recently announced our customizable bank entitlements. This new capability allows each bank to create a unique solution to serve their SMBs’ end-to-end business processes. Just like Bill.com, these bank-unique solutions are simple, yet powerful enough to meet the needs of a wide range of SMBs. 

Banks can now create solutions that blur the lines between capabilities from the bank-branded Bill.com solution and those from the bank’s own unique offerings. The bank defines new roles, typically managed in the bank’s Internet banking site, which govern who has access to specific information and functions in their organizations. 

Just like in Bill.com, the bank can make the solution simple for most businesses to adopt, but powerful for more sophisticated businesses to tailor. The bank can put together collections of permissions into pre-defined roles, making it easy for most companies to get started and use standard entitlements. The bank can also allow larger SMBs to create their own roles, combining the permissions in whatever way their processes require. 

Donna Arce, Managing Director of the Business Internet Banking Program at the influential Barlow Research perhaps said it best:

“This is a totally new way of looking at entitlements.  A bank can offer small business owners a way to delegate cash flow management functions at a more granular level. Offering a wide range of entitlement capabilities not only provides for tighter levels of control, it empowers the customer to manage their finances in a way that works best for them and their business.”

Indeed, as opposed to other entitlement solutions, which just support entitlements around payments, our entitlement solution can be built around all business objects, serving a business’s entire workflow. Businesses can determine which employees have access to specific types of objects, tailoring the system to the business’s unique processes.

This ability to serve a company’s whole workflow is big step forward for the industry. Just think, many online banking solutions, which are still based on consumer platforms have no entitlements at all, and other business-oriented solutions only address payables in a rudimentary manner.  With this new capability, we allow banks to create a unique offering blending the bank’s strengths with the power of the Bill.com system.  And now banks can do this in a way that is simple but powerful for their SMB customers.

Learn more about the Bill.com Banking Platform and watch this space for more news.

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Tuesday, September 3, 2013 - 12:53

Bill.com, the leader in integrated bill payment, invoicing and cash flow management solutions for businesses, announced that it will offer a free webinar, “Fraud Mitigation for Your Nonprofit” on Tuesday, September 17, at 11 a.m. PT. Registration is currently available.

In this webinar, nonprofits will learn how to prevent fraud in their organization via a discussion centering around:

  • five common myths about fraud;
  • the three-sided “Bermuda triangle” of fraud;
  • five must-use best practices if you want to prevent fraud; and
  • low-cost breakthrough technology you can deploy today.

Learn more about the webinar.

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Tuesday, September 3, 2013 - 10:07

By Christina Del Villar, Senior Director of Marketing, Bill.com

 

Bill.com and AIAS

When Joshua Caulfield became CEO of the American Institute of Architecture Students three years ago, he inherited an organization with 150 local chapters, 7,000 members — and no way to manage anything until the 7000 membership dues were sent in with 7000 paper checks and forms. All this data had to be laboriously keyed into QuickBooks by hand. And that was the easy part.

Collecting the fees from the members was simple and straightforward compared to the much bigger challenge of transferring to each student-run local chapter its share of the funds. That’s when Caulfield found out you can send architecture students a check, but you can’t make them deposit it.

“We’d send each local treasurer a check for their chapter’s share of the dues,” says Caulfield. “They’d get it from their student mailbox, and leave it on the desk in their dorm room. Then they’d put a bunch of books and papers on top of it. Then, three weeks later, they’d find it and put it on a shelf. Another four weeks later, they’d find it behind a book on that shelf and put it in their bag. Finally, after maybe four months, they’d call to say they had this check that was no longer valid.”

So Caulfield did what any card-carrying member of the new generation of “No Check” CEO’s would do. He built an entirely new, practically bulletproof structure on the most reliable, rock-solid foundation he could find — the cloud.
(“Card-carrying” is just a figure of speech, of course. Just mention the idea of carrying around an extra piece of paper, even a little ID card, and these ubercool CEOs say, “isn’t their an app for that?” )

You see, “No Check” CEOs have eliminated time-consuming, paper-based processes almost everywhere in their organizations, by replacing file cabinets full of paper documents and hard drives full of application programs with electronic documents and software services in the cloud.

Now AIAS members sign up and pay their dues to National Headquarters online, and Headquarters simply deposits each chapter’s share directly into their bank account. Easy as one, two. No paper checks to get lost. No paper forms to file and store.

Plus, the cloud is more secure than any file cabinet ever could be. Two-factor identification beats a little metal key any time. (Especially the little metal keys nobody uses.) Indeed, when Bill.com surveyed more than 500 finance executives back in January, 83 percent said they’re quite comfortable with mobile security.

And with the AISA’s finances in the cloud, now everything is always at Caulfield’s fingertips, even when he’s on the road — which is about 75% of the time. He can approve and pay bills, review any document he needs for a decision, and easily work together with any member, staffer or vendor in any part of the nation, from any location. No matter where he goes, he’s never out of touch.

Would you like to automate your time-consuming, paper-based manual processes by moving them to the cloud? Try Bill.com with no risk today or watch a short demo.

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Tuesday, September 3, 2013 - 09:59

By Lisa Lang, Senior VP of Marketing, Bill.com

Bill.com

We’re celebrating “Labor Less Day” here on the cloud, because for the new generation of “No Check” CEOs, the cloud provides so many ways to get more accomplished with less labor and lower cost than ever before.

By replacing file cabinets full of paper documents and hard drives full of application programs with electronic documents and software services in the cloud, these business leaders have eliminated time-consuming, paper-based processes almost everywhere in their businesses. Join them, and you too can enjoy all the following advantages, all year around:

Labor-less at the office. “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.

Labor-less bill payment. They simply scan, fax or email bills and associated documents to a cloud-based service, manage the approval process online, and make payments electronically, eliminating hassles and reducing overhead.

Labor-less receivables. “No Check” businesses rake in their receivables 2-3 times faster, thanks to e-invoicing, automatic reminders, and online customer payments deposited directly into their bank accounts.

Labor-less cash flow control. “No Check” CEOs and CFOs get precision control over cash flow, by projecting receivables, payables and balances up to three months out, revealing potential problems well in advance.

Labor-less fraud protection. Unlike checks, electronic payments can’t be stolen or modified. And unlike paper documents, electronic data can be protected with enterprise-level security systems.

Labor-less filing and storage. Some “No Check” businesses don’t even have file cabinets, because everything is digitized and stored online for secure access from anywhere, any time — eliminating the costs of saving and storing paper receipts, purchase orders, contracts, check stock or paper invoices.

Labor-less cost controls. Eliminating paper not only reduces processing costs for payables and receivables, digital access enables better cost controls through improved visibility. Getting rid of time-consuming paper-based processes also increases productivity for everyone.

Labor-less collaboration. Having everything at your fingertips means it’s easy to collaborate from wherever you may be — with customers, partners or co-workers back at the ranch. You’re able to make important decisions, finalize key contracts and work effectively with your team no matter where you are.

Ready to start celebrating “Labor Less Day” every first Monday in September from now on? It’s as simple as moving your business processes from the manual, paper-based world to the cloud, via services such as Bill.com.

Would you like to automate your time-consuming, paper-based manual processes by moving them to the cloud? Try Bill.com with no risk today or watch a short demo.

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Wednesday, August 28, 2013 - 13:54

PALO ALTO, Calif.— August 30, 2013 — Bill.com, the leader in integrated bill payment, invoicing and cash flow management solutions for businesses, today released a survey revealing the three barriers that are keeping the franchise industry from reaching its true potential.  Bill.com surveyed 460 owners and finance leaders of franchises to discover what were the top issues facing the franchise industry today. Respondents identified three major obstacles to growth:

  • managing and controlling costs;
  • accurately anticipating cash flow; and
  • suffering day-to-day distractions from long-term goals.

Read the entire release.

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Wednesday, August 28, 2013 - 13:50

Bill.com, the leader in integrated bill payment, invoicing and cash flow management solutions for businesses, today announced that its unique customizable entitlements are empowering banks to offer small businesses unprecedented security and control.  Businesses can finally define the roles and permissions that govern who has access to specific information and functions in their organizations, rather than simply assign roles within the confines of systems built with consumers rather than businesses in mind.

“This is a totally new way of looking at entitlements.  A bank can offer small business owners a way to delegate cash flow management functions at a more granular level,” said Donna Arce, Managing Director of the Business Internet Banking Program, Barlow Research. “Offering a wide range of entitlement capabilities not only provides for tighter levels of control, it empowers the customer to manage their finances in a way that works best for them and their business.”

Read the entire release.

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Wednesday, August 28, 2013 - 13:29

You may have noticed our recent posts on how you and your business can keep moving forward while employees, vendors and partners skip out of the office for a summer break. And then suddenly, we're here. It's Labor Day weekend, which means more than putting away your white pants and sending your kids back to school. It's a last chance for an escape before everyone jumps into the frenzy of fall.

We want to celebrate the awesome summer adventures you’ve had and how the power of automation and the cloud helped you enjoy them. So we put together a Facebook contest where you can show off how you breezed through the summer doldrums and stepped out of the office.

Bills on Vacation is a contest where you get to show us the fantastic locations you were when you checked in remotely and kept your business buzzing without stopping your vacation stride. Show us where you paid a bill or where you were when you wished you could have checked in on your business finances. You know the power of automation and the cloud - show us how and where you use it!

You don't have to be a Bill.com customer to enter. You don't need to be a professional photographer. Share your summer adventures with us and you could win one of our awesome prizes:

(1) Grand Prize: GoPro Hero 3

(4) $50 REI gift cards.

The contest ends September 9th at midnight Pacific so don't delay in entering! Enter online.

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Friday, August 23, 2013 - 14:12

By René Lacerte, CEO and Founder, Bill.com

Rene Lacerte Bill.com

We are now, without a doubt, officially in the dog days of summer. It is that period when the days are sultry, fireflies dot the night sky…and a return to reality (otherwise known as the fall) is knocking at your door.

When I looked up the definition of dog days, I was interested to find that in addition to being defined as those hot months between July and September, it had a second definition as a time of stagnation.

If you think about it, August is the kind of month where things seem to move a bit slower. Traffic is lighter during commute hours. You have a 50/50 chance of getting an out-of-office vacation bounceback on any email you send. And forget about getting anyone to answer the phone. It does indeed feel sometimes like nobody is doing anything. Just think, much of Europe is taking a break right now.

But, if you observe closer, you’ll find more and more people working.  There are folks on the beach with their phones or mobile devices. You’ll see someone typing on her iPad for a moment at the corner café, before greeting her husband for lunch. You will see a dad at a baseball game taking a picture then clicking on something else for just a moment before rejoining the crowd.

What are all these folks doing? It’s simple: They are working. While slowing down and enjoying the green grass and blue sky, they are also taking advantage of the power of the cloud to keep their businesses humming, making business decisions and managing cash flow from wherever the summer has taken them.

I’m happy to report that I too have been able to take some time to enjoy with my family during these dog days. And I did so without worry because I knew that every invoice, every document, every piece of information I might need, was right there within reach on my mobile device. There were no frantic last days at the office, no late nights trying to make sure everything was wrapped up—because there was no need to wrap anything up. Business could keep humming along no matter where I was. And that peace of mind, that security that things were fine, made vacation sweeter than ever before.

And one more added bonus of being able to keep things moving at the office even when you are on the road: there is no horrible post-vacation entry back into work. The reality is that conducting business will never be a vacation. But, when you harness the power of the Cloud and make your data as mobile as you are, it can feel as easy as a summer breeze.

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