Bill is a web-based solution that is suitable for extensive operations in mid-sized businesses. The software is also ideal for financial institutions that deal with more data and require an elaborate tool to manage their operations. Bill supports the simple needs such as invoicing and payment to the complex level utilities such as integrated accounting and dealing comprehensively with third parties in account and finance management solutions.
Bill.com is a payment solution that is enabled by artificial intelligence designed for startups and businesses that are still growing. The cloud-based app helps businesses pay bills, send invoices, cash flow management, and helps to track financial operations. It is convenient because you can use all these functions from the one app.
Bill.com is used mainly by financial firms, startups and businesses that are still growing, and banks. It is an accounting solution that is a one-stop-shop. It boasts of large clients such as TED, Dialpad, and Thumbtack.
Advantages of Bill.com
Most Suitable For: Banks, financial firms, small businesses, start-ups and businesses that are still growing.
Cost Scope: $29.99 monthly; also has custom costs
Apps: iOS, Android, and Web
Bill.com enables your business to process invoices, ensure they reach the vendors and pay them. It also manages cash flows and makes the process of payment approvals automatic. It increases the efficiency of your business. These extra functions make the app very convenient.
Bill.com works to collect and then validate invoices. This automates the invoicing process since you do not have to have an approval process. The vendors will be paid when they send the invoice to your Bill.com inbox after filling in the details of the payments as needed.
Bill.com is best known for its invoicing and the app has a default template that makes paying vendors faster and more convenient. This is because you can personalize the way the app works to send your vendor accounts faster.
Processing payments is straightforward while using Bill.com. You can pay by credit or debit card, write a check, or wire money to the bank directly when making your payments. You will be able to pay your vendors on the app without having to pay extra transaction fees. Not paying transaction fees saves you money which makes Bill.com a top choice for many firms.
Intelligent Virtual Assistant
Bill.com has a Virtual Assistant function that automates all your accounting functions, making it faster and more efficient to process your invoices. All processes will be automated, which results in vendors being paid based on how you approve the invoices. The click-and-capture function is an intelligent feature that you can use to capture invoices quickly and accurately.
Bill.com can work with other accounting softwares because they have partnered with those firms. Some of these apps include Microsoft Dynamics, Expensify, Oracle Netsuite, Quickbooks, Tallie, Sage Intacct, and Xero.
You can smoothly move information across the apps that are integrated. This creates more increased efficiency when you need to switch from one software to the other.
If you would like to pay your vendors, you can do so in various ways using Bill.com.
Available options include using debit cards, you can pay using credit cards,check out, Automated Clearing House (ACH) and other options for international payments. It is simple to use this function since you can pay a vendor from your email inbox.
You can have various types of payments from sending one payment to one vendor or multiple payments to multiple vendors or multiple payments to one vendor. When you approve the payment, the system will pay the vendor by check or credit card or debit card, based on what you have chosen to pay them with. This automatically is done from your accounts which is a faster and more convenient way of making payments to your vendors.
Each plan has its own price outline below:
The Essential Plan gives access to features such as having one product that automates the accounts. You can physically move information in CSV files. You will have access to extensive information storage capacity among other features.
The Team Plan enables you to automate the accounts and everything on the Essential Plan. In addition, you will get integration with Xero, QuickBooks Pro or Premier, and QuickBooks Online, so that you can automatically import or export CSVs.
The Corporate Plan enables users to access everything in the two previous plans as well as two additional products for the accounts.
The Enterprise Plan gives you access to two separate products for handling accounts payable and accounts receivable, as well as everything in the three previous plans. In addition, you will have some elements that include a sign up for your customers, high level customer care among other features.
Bill.com has a familiar user interface that makes it easy to navigate. The main dashboard enables you to broadly see all the tasks and navigation using tabs that link to other app sections. It is simple for those who have experience with accounting software. If you want a simple invoicing tool, the options can be too much.
It is best for people who want software that has financial management features in addition to invoicing. One of the main advantages of Bill.com is the ability to automate everything in your business accounting processes. You can set up personalized systems which enable you to send out invoices and pay vendors faster. You can also determine the amount of oversight to govern the process. This saves time and ensures that vendors are paid on time.
Bill.com is a one-stop-shop for financial management. The software is complicated for invoicing only; however, it can make your business run more efficiently when used for other financial management functions. Because it has a wide number of third-party integrations and artificial intelligence which automates workflow, it makes payments faster and less tedious in your business.