Bill.com's Fast-Growing Business Payments Network is Converting More Than 40% of Customer Payments to ACH
Bill.com is the Only Company Helping SMBs Change Their Check Payments to ACH By Automating the End-to-End Cash Flow Management Process
PALO ALTO, Calif.— April 25, 2013 — Bill.com, the leader in integrated bill payment, invoicing and cash flow management solutions for businesses, today announced that it is converting more than 40 percent of customers payments from check to ACH, meaning Bill.com is the only company making ACH—commonly known as ePayments—adoption a reality for small to medium sized businesses (SMBs). Bill.com is achieving this feat by going beyond single ACH transactions and automating the end-to-end cash flow management process, connecting people, documents, payments and accounting systems.
Today, more than 80% of transactions between U.S. small-to-medium businesses (SMBs) involve paper invoices, paper checks, or manual reconciliation, resulting in costly inefficiencies and errors. Bill.com is turning this paradigm on its ear. Bill.com is the first platform to digitize the whole process, integrating electronic payments seamlessly with accounting software and digital documents.