This has been a monumental week for Bill.com. We won two prestigious payments industry awards—the NACHA George Mitchell Excellence in Payments Award and the Barlow Research Monarch Innovation Award. In addition, Bank of America Merrill Lynch announced its CashPro® BillPay product, which is provided by the bank through its relationship with Bill.com.
A significant component that impacts the accounting profession is the resiliency (or lack of resiliency) to change. One very important variable toward change is the adoption of cloud technology.
We’re always looking to provide value to our event attendees, whether that event is a tradeshow, panel discussion or a webinar. We host a few webinars each month, with interesting topics, great speakers and even better actionable content. We’ve covered improving your approval workflow, helping your business go paperless and getting the most out of your accounting software.
The accounting world is shrinking.
What normally constrained an accounting firm’s growth – location – has now been rendered obsolete with the advent of cloud technology that promotes collaboration and real-time information sharing no matter where you are or what you are doing.
Intuit® QuickBooks® Online (QBO) is a popular tool for managing small and midsize businesses. Like many accounting systems, QBO records and tracks payments, but does not physically “move money” from one bank account to another. After all, money movement is a highly regulated business activity ― one that falls outside the core capabilities of accounting software.
PNC, one of the country’s largest banks, recently announced it leveraged Bill.com to automate the payables and receivables modules in Cash Flow InsightSM, its online toolkit for small businesses. This is incredibly exciting news for Bill.com, providing the first proof point of the value and potential of our banking platform.
We have made it faster and easier to set up vendors to receive electronic ePayments from Bill.com. A few new features include:
Ability to add a vendor by entering their Bill.com Payment Network ID
Non-reimbursable credit card charges have been the Achilles' heel of the automated expense management workflow. Seamless data integration exists for reimbursable expenses, but manual steps or workarounds were common answers for non-reimbursables. An integrated solution for non-reimbursable credit card charges was one of the biggest requests from our Bill.com clients.
It was pretty clear once you stepped into the Quadrus Center, and saw the panoramic views of the surrounding hills, that Bill.com’s 2014 Annual Company Party was going to be a success! Employees and their guests mingled with each other over the sounds of acoustic guitars played by the Gypsy Tribe. Trays of delicious appetizers were passed, bartenders poured generous drinks, and wild laughter...
Paper, the traditional "currency" of the accounting world, is coming to the end of its golden age. Invoices, reports, and payments are all migrating to electronic formats that allow you to access the critical information you need anytime, anywhere.