Product Spotlight: Bill.com AP/AR Solutions

At rinehimerbaker llc, we are focused on helping you run your business do more with its resources, moving faster, making smarter decisions, and focusing on future growth. “Play Harder, We’ll Keep Score” is more than a motto, it is a way of life for us, who want to help you in any way we can.

One such way that we help is through our cloud technology consulting services, in which we help you to find, select, implement, and operate cloud solutions for your business, including Intacct Accounting and ERP Software, Tallie expense software, Bill.com payment solutions, MineralTree, and Gusto HR solutions.

In this, we are working to highlight each of these products over the next few months in our product spotlight series. Following last month’s spotlight of Intacct, we would like to turn your attention from the finance department to the Accounts Payable/Accounts Receivable departments, sharing with you the benefits of Bill.com, a cloud solution designed to help you pay and be paid faster.

Bill.com: AP and AR for the Modern Business

While many businesses still rely on paper checks and paper invoices to manage their AP and AR processes, using paper to do so is antiquated, slow, laborious, and worst of all, risky.

On both the payables and receivables side, paper is costing time and money. Whether that’s through direct costs like paper or postage, labor costs to manage the process or address errors, or opportunity costs that come as a result of all of the manual paper processing going on, the continued use of paper is holding businesses back.

Additionally, on the payables side, organizations see many risks from duplicate payments to phony invoices to check fraud, all of which could harm your business.

Bill.com was designed to address these challenges, providing secure, paperless payments at costs lower than the traditional invoice and paper check method. The software integrates with a multitude of accounting software options including Intacct, NetSuite, QuickBooks, and Xero to accelerate the process and add the security and fraud protection that your company needs.

Bill.com Accounts Receivable

Bill.com Accounts Receivable helps you invoice and get paid faster.

• Accept Electronic Payments by ACH or Credit Card
• Automatically send reminders when payments are due or overdue
• Automatically send recurring invoices
• Allow customers to set up recurring payments
• All of this, integrated with your accounting system.

Offering low ACH costs, the lowest merchant rates for credit card processing, and the ability to accept many other forms of payment, Bill.com makes the AR process easier for you and the payment process easier for your customers—thanks to the Bill.com payment gateway. Learn more about the security, mobility, ease of use and cost savings offered by Bill.com here.

Bill.com Accounts Payable

Accounts payable is a complex process, but Bill.com makes it easier. Simply scan, fax, or email your bills to Bill.com and their automated system takes care of the rest. Thanks to its user-friendly point, click, and pay functionality, you get to pay your suppliers on your terms, without the risks, costs, and time-consuming processes that come from traditional check-based bill payment.

With Bill.com, it’s as easy as “log in, view bills, and make payments.” Add new vendors, and when it comes time to make a payment, search by vendor and Bill.com will fill some fields automatically, shaving minutes off of each payment. You can do this from their website or mobile app, and Bill.com will either print and mail the check for you or allow you to pay a vendor electronically. Learn more about how easy it is to pay suppliers with Bill.com here.

Ready to Learn More?

As a leader in cloud consulting and services for growing businesses in the Palm Beach Area and beyond, rinehimerbaker can help you to select, implement, and operate the best software for your business. Bill.com is just one of the vendors we work with. Learn more about our services, and get in contact with us for more details.