Bill.com, launched in 2008, follows the Software as a Service (SaaS) model to manage your Accounts Payable process online. The service can save small and mid-size business owners time and money – reducing AP costs by up to 50%. Invoices from vendors are simply scanned and emailed or faxed to Bill.com for processing. The service provides the following benefits:
- Automates the internal payment approval process, sends reminders, tracks notes and comments
- Pays vendors by check or electronically with ePayment (payments only 49c - less than most banks)
- Easily digitizes invoices and other financial documents (unlimited file storage available)
- Documents scanned using OCR are indexed and easily searchable
- Provides to-do list and online calendar for payment scheduling
- Maintains a detailed audit trail of all transactions
- Provides advanced check fraud protection
- Integrates with accounting programs such as QuickBooks and Intacct, eliminating duplicate data entry
- Provides access to client documents online
- Benefit from a truly paperless office
All information is encrypted and protected with 256-bit Secure Socket Layer (SSL) technology, the same as used by banks.
There’s a free 30-day trial. Charges are $24.99 per month per user. Up to 10 additional users cost $9.99 each per month. Any additional users after that cost $4.99 each per month. Also includes 5 free check payments per month (additional checks 99c each).
Update: New subscribers can save 20% if they sign up before the end of April 2010. For more information, visit the Bill.com website.
