online bill payment and electronic invoicing for quickbooks, intacct, netsuite and xero
DESCRIPTION
Over 175,000 businesses have unlocked the secrets to streamlining their bill paying and accounts receivable processes with Bill.com. Will you join them soon? Bill.com provides your one-stop solution to spend less time paying bills and collecting receivables, all the while giving you much more control over the processes. You also have the ability to electronically route bills for approval and payment. Perfect for CPA and accounting firms as well as virtual assistants that pay bills for their clients. Access your information from any device, 24/7. Pay bills from your phone or tablet, send invoices electronically and more with Bill.com Works seamlessly with QuickBooks, NetSuite, Intacct, Xero and Sage.TRANSCRIPT
IntroducingIntroducingBill.comBill.com
The smarter, faster and safer way to manage bills and get paid online
The Old Way:The Old Way:Manual, Paper-based processes cause painManual, Paper-based processes cause pain
• Current payables and receivables process is time consuming
• Worried about credit worthiness due to late payments
• Don't have clear visibility into cash flow
• Don't have time to grow revenue
The New, Paperless Way:The New, Paperless Way:Introducing Introducing Bill.com Bill.com
3
Bill.com is a cloud-based service that automates the way we work with you to streamline your bill payments, online invoicing and cash flow management.
Hidden Cost of Paper-based Management Hidden Cost of Paper-based Management of Accounts Payableof Accounts Payable
Calculate the hidden costs of your current accounts payable process.
Number of bills per month
Time spent per bill per week (in minutes)
Average hourly rate for staff processing invoice
Monthly bank and check handling fees**
Online document storage for bills, contracts, etc. per month
50
20
$35
$121
$30
Estimated Monthly Cost $675
Estimated Annual Cost $8,100
**Sum of bank's check fraud protection and imaging fees and check handling fees
Bill.com Bill.com is Your Paperless Officeis Your Paperless OfficeThe Perfect Solution for You and Our FirmThe Perfect Solution for You and Our Firm
Streamline your payables and receivables process end-to-end:Receive and pay bills onlineInvoice online and get paid fasterAutomate collectionsStore and share financial documents onlineReconcile with bank accountsSync with your accounting softwareEasily collaborate with us, your vendors, and your customers onlineManage and control your cash flow …
Paperless Office… anywhere, anytime accessworks the same no matter where you bank
Easy access to pay smarter and
get paid faster
The Difference is a Streamlined Workflow:The Difference is a Streamlined Workflow:Example: Accounts PayableExample: Accounts Payable
The old workflow
Our new efficient workflow
New process requires 5 touches by 5+ people yet takes 1 day
Required a minimum of 8 touches by 5+ people and took a week+ to complete
The Difference is a Streamlined WorkflowThe Difference is a Streamlined WorkflowExample: Accounts ReceivableExample: Accounts Receivable
The old workflow
The new efficient workflow – gets you paid faster!New process requires 6 touches by 5+ people yet takes 3-5 days
11. Deposit at
bank
10. Enter deposit
slip
9. Post payment
8. Open mail to
get check
7. Call or email to
follow up
6. Assess late fees
5. Research
files
4. Handle customer complaint
s
3. Call or email to
follow up
2. Print and mail
1. Create invoice
Required a minimum of 11 touches by 5+ people and took weeks to complete
Why You’ll Love Why You’ll Love Bill.com
Save time & money
Work Smarter
Anytime, Anywhere
The Bill.com/Intacct integration reduces the time spent preparing monthly financial reports and annual audits. “We've been through two cycles, and the auditors are perfectly happy with the way the system works and how simple it is with Bill.com,”
Mike Horner, National Association of Water Companies
Proven Success!
“Bill.com has allowed our clients and our firm to save an incredible amount of time, improve internal controls, and almost instantly create the paperless work environment we have been working so hard to achieve. ”
Jennifer L. Katrulya, CPA, CEOBusiness Management Resource Group, LLC
"I have a better understanding of what's happening on a cash flow basis, Bill.com takes care of the payment and syncs details with QuickBooks. Now I do it all with Bill.com and it only takes me five minutes.“
Peter Gaspry, Owner, Miracle-Ear Franchise
How How Bill.com Bill.com Works:Works:Accounts PayableAccounts Payable
Pay Smart with an efficient, paperless Accounts Payable workflow:
1)Receive bills online2)Get bills approved quickly3)Schedule online payments4)Easily sync with your accounting software
How How Bill.com Bill.com Works:Works:Accounts ReceivableAccounts Receivable
Get paid faster with a paperless Accounts Receivables process:
1)Create, send and track invoices online2)Collaborate online with your customers3)Get paid faster with automatic payments4)Sync both invoice and payment activity with your accounting software
Value-Added FeaturesValue-Added Features
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By automating bill payment and invoicing end-to-end, Bill.com can significantly boost efficiencies for you and our firm.
1.Mobile payments and invoicing2.Unlimited document storage3.Cash flow management to-do list4.Know your daily balances and projected cash flows5.More secure vendor payments6.Get a complete view of transactions7.Full visibility with an audit trail online8.Vendor management streamlines daily inquiries
• View/Approve bills
• View approver notes
• Make secure payments
• Multiple bank accounts
• Adjustable payment timing
Value-Added FeaturesValue-Added Features
Mobile Payments: Pay On The Go
• See all outstanding and overdue invoices in a dashboard
• Email Invoices
• Add notes for customers and see their comments
Mobile Invoicing: Invoice On The Go
Value-Added FeaturesValue-Added Features
Store and access all bills, invoices, contracts and other financial documents. Get unlimited storage . No more hunting through dusty filing cabinets.
Unlimited document storage
Value-Added FeaturesValue-Added Features
• Access all your tasks from your personalized to-do list
• Receive email alerts for to do list
Get a Personalized To-Do List
Value-Added FeaturesValue-Added Features
• Calendar shows actual or accrued cash coming in and going out
• Updated book balance pulled from accounting software
• See future cash flow to manage payment dates and operation needs.
Know Your Cash Position and Projected Cash Flows
Value-Added FeaturesValue-Added Features
• Payments to vendors are made with checks drawn on Bill.coms bank account– Applies advanced check fraud
controls– Eliminates check printing and
mailing– Ties payment to the transaction
• The check shows the invoice to be paid and the account number
• The bottom 2/3rd of the check voucher shows a copy of the invoice to ensure payment is applied correctly
More secure vendor payments
Value-Added FeaturesValue-Added Features
• Access information anytime, anywhere, making life so much easier:
• Bills• Contracts / Company
Documents• Payment confirmations &
cleared check images
Get a complete view of transactions
Value-Added FeaturesValue-Added Features
• The audit trail feature provides you and our firm with detailed information on “who” did “what” and “when”
• Permission-based user roles allow you to determine what level of access you want others to have in your company
Get full visibility with complete audit trail
Value-Added FeaturesValue-Added Features
Bills are organized by vendor so you can:
•Easily view outstanding bills, paid bills, all related invoices and documents and a complete payment history -- all in one screen•Efficiently research vendor inquiries
Vendor management streamlines daily inquiries
Value-Added FeaturesValue-Added Features
Key Benefits of Key Benefits of Bill.comBill.com
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By automating how we work with you to
manage your payables and receivables,
Bill.com makes it easy for you to pay smarter and
get paid faster.
For A Free Trial of Bill.com…For A Free Trial of Bill.com…
See for yourself how Bill.com can really simplify your A/P and A/R
No credit card required…
http://bit.ly/Billdotcom
For More Information, Please Contact…For More Information, Please Contact…
• Scott Gregory, Bill.com/QuickBooks Expert
• Bottom Line Accounting Solutions• [email protected]• (440) 527-5696