Bill.com is a US-based cash flow management software system, provided as a software as a service that integrates with accounting and banking systems. It is intended to serve as a command and control dashboard for cash flow, by businesses, accounting firms and banks. Bill.com works with third-party accounting packages such as QuickBooks, not as a standalone product. Bill.com offers sync or integration with accounting software packages such as QuickBooks, Xero, NetSuite, and Intacct.
The product is also widely used by banks to offer online banking services to businesses. Bank of America Merrill Lynch uses Bill.com for payments technology in their CashPro BillPay product. PNC Bank uses Bill.com in its online services for small businesses, including its Cash Flow Insight product that syncs with QuickBooks.
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Funding
The company has received $267 million in funding to date. The most recent funding round for $100 million was in September 2017. This round was led by J.P. Morgan Chase. - See more at: https://www.cnbc.com/2015/02/11/billcom-raises-50-million-for-cloud-invoicing.html
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Adoption and Impact
Bill.com helps over 2,500,000 network members process over $50 billion in payments per year. Four of the top ten U.S. banks and 57 percent of the top 100 accounting firms rely on Bill.com as their primary payments solution.
Mercantile Bank of Michigan uses Bill.com as part of its BillPay+ product. In November 2013, the company updated its payment platform to allow banks to resell its services.
Bill.com is one of a large number of vendors that is trying to help small businesses become more efficient. One of the goals of these vendors is to reduce the level of paper being used by businesses. CNBC listed Bill.com as 37th on their list of 50 business disruptors of 2014 for the company's impact on eliminating paper in SMBs.
References
External links
- Official website
- Intuit App Center Reviews of Bill.com from users of QuickBooks
Source of article : Wikipedia
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