Bill.com

Bill.com is a leading provider of cloud-based financial software for small and medium businesses. Businesses can use the AI-enabled platform to digitize financial processes, automate workflows, create and pay bills, send invoices, and process payments.

Bill.com Packages:

Bill.com's packages are scalable for different-sized businesses and offer a range of useful features. All plans include standard approval workflow, unlimited document storage, payment support, and AI-powered data entry.

While the Team plan includes integrations with QuickBooks and Xero, these are not available on the Essentials plan. However, the Essentials plan does allow users to manually import and export CSV files into accounting software.

Both plans only allow users to manage their accounts payable or receivable, but not both. In order to manage both accounts payable and receivable, users must upgrade to the Corporate plan. This plan offers the same integrations as the Team plan, but users have access to a more robust financial management platform.

The Enterprise plan offers the same integrations, as well as NetSuite and Sage Intacct syncing. It also allows users to have API access to Bill.com for more effective analytics and includes premium phone support, single sign-on, dual control, as well as multi-entity, multi-location accounting file capabilities.

Bill.com also offers an Accountant Partner Program for accounting firms, helping accountants with auto-entering data for review, managing accounting practices, and growing bill payment practices, among other things.

*Bill.com is a regulated financial institution and has a federal money transfer license in all 50 states, ensuring full compliance with the federal financial regulations and laws. Rigorous programs and audits are also in place to confirm security protocols.

Available Products:

Accounts Payable:

The accounts payable product of Bill.com helps businesses to pay international and domestic vendors as well as 1099 contractors. Payments can be made via check, ACH, credit card, virtual card, or international wire transfer.

Powered by AI, the software extracts and enters data for users to review, remembers custom approval policies that have been set up, and notifies users if there's an error, duplication, or issue. Bill.com's vendor network has more than 3 million members via which users can easily and securely connect with vendors to make ACH or virtual card payments.

With accounts payable, users can see their payments in and out in a single overview screen and sync with their accounting software to keep their books up to date. Users also have access to accounts payable on the mobile app from where they can perform key tasks, such as approving or paying bills on the go.

Accounts Receivable:

The accounts receivable product of Bill.com helps businesses to send electronic invoices to their customers and to track their invoice statements and payments. Invoices are automated and users can select the payment option, including ACH, credit card, and PayPal. With accounts receivable, users can send personalized, automated payment reminders and sync their accounts with their accounting software.

Users can also schedule when to send invoices or set up recurring invoices for regular customers. Invoices are easy to track and users can set up auto-reminders or manually send reminders for late payments from Bill.com. The accounts receivable product is also available on the mobile app.

International Payments:

Using Bill.com for international payments allows users to streamline their payments with automated workflows. Bill.com has one simple process for both domestic and international payments to over 130 countries. Bill.com can also save users money on international wire transfer fees since wire transfers sent in the local currency are free.

If an international wire transfer is sent in U.S. dollars, users will be charged $9.99 per transaction. Bill.com automatically syncs bills in local currencies and U.S. dollars with Inuit QuickBooks, Xero, Sage Intacct, Oracle NetSuite, Microsoft Dynamics GP, and Microsoft Dynamics 365 Business Central, so users only have to enter the data once.

Expense Management:

Divvy, recently acquired by Bill.com, offers an all-in-one platform for spend management, including expense management and AP management solutions. Supported by a corporate credit line, Divvy provides tools to set up budgets and control spending while giving businesses the flexibility to spend how they need to. Users can easily track spending in real time, approve or deny requests for funds, and sync data with their accounting system.