Bill.com is a cloud-based payments platform that’s changing the way businesses pay and get paid. It facilitates fast, secure ACH payments and automates approvals to cut time spent on tedious accounts payable jobs by 50% or more.
Businesses depend on the services of vendors, contractors, and a variety of other trading partners to keep things running. Sounds simple enough, right? It is—until it’s time to pay these people for their goods or services.
The process can get messy. Incoming bills stack up on your desk, you or your accounts payable clerk gathers them up and routes them for approval, and then checks are printed, signed, and mailed to your vendors or contractors. But it doesn’t end there—you still need to manually enter the payment in your accounting software to keep your books up to date.
It’s a slow, inefficient process that saps your time and distracts you from what matters most: serving your customers and growing your business. The accounts payable function is a vital part of any business, but it is a function that, if not handled correctly, can cause problems for business owners. Bills become large stacks of paper that have to be processed, routed to the correct approvers, checks have to be signed, envelopes need to be addressed, and the check is finally mailed out to all of your vendors.
After that, your payment needs to be recorded separately in your accounting software. These activities not only take time to complete, but is a process that is prone to user error. What if there was a way to simplify this whole process?