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Bill.com Launches Printed Invoice Mailing Service

August 23, 2011
PALO ALTO, CA—August 23, 2011—Bill.com, the leader in integrated bill payment, online invoicing and cash management solutions for small- and medium-sized businesses (SMBs) and accounting/bookkeeping firms, has rolled out a new set of electronic billing features that help businesses and accountants make it easier than ever for their customers to pay their bills, online or offline.

Accounts Receivable from Paper to Portal

Bill.com’s Accounts Receivable (AR) update enables users to send printed bills to their customers via U.S. mail at below the cost of what a typical company would spend printing, stuffing and mailing invoices. It also delivers Quick Response (QR) code on the printed invoice, customizable email templates and automated payment scheduling/reminders, rounding out Bill.com’s already comprehensive online Receivables suite that eliminates billing hassle and helps SMBs and CPAs get paid two to three times as fast as manual invoicing.

As nearly 80 percent of businesses still send and receive paper invoices, Bill.com users now have the option to mail printed bills to their customers via the United States Postal Service, with a single mouse click. This feature fills a very important market segment that connects online and offline financial management, meeting the needs of SMBs and CPAs who work with clients of varying comfort levels in respect to managing both paper-based and paperless payment processes. The addition of U.S. Mail Invoicing allows Bill.com users to receive payments faster from customers who have not yet adopted paperless solutions.

“We listen closely to our users, and many have let us know they chose Bill.com because they were ready to go paperless but some of their clients or vendors weren’t. It quickly became a priority to bridge that gap and fulfill that specific customer need,” said Henrique Ceribelli, senior product manager at Bill.com. “Bill.com is devoted to meeting the holistic needs of SMBs and CPAs today, and helping them take their business where it needs to go both today and tomorrow. We’re bringing an entirely new level of efficiency to the electronic billing process with our approach to AR compared to any other solution in the market.”

Bill.com users can take advantage of new accounts receivable features, including:

• The inclusion of a QR code (Quick Response) on each printed invoice mailed that allows the recipient to scan the QR with any smartphone and link directly into their Bill.com Payment Portal.

• Complete AR integration with leading accounting software solutions, including QuickBooks, Peachtree and QuickBooks Online (via Intuit Anywhere).

• Automatic and Customizable—Users can now set up one-time or recurring charges on behalf of their customers to maximize their cashflow, send invoice reminders on their timeline, and change/save virtually anything in the email invoice – from the logo to the online portal link.

• Integrated document sharing and collaboration—Customers can view invoices online, as well as supporting invoice documentation such as receipts, contracts, signed quotes and sent notes.

“The vast majority of parents at our school pay their children’s tuition online via Bill.com,” said Martha Branch, accountant at the German International School of Silicon Valley. “As opposed to setting up an automatic payment from their bank or mailing a check, the parents who are embracing Bill.com love that they can see not only when the payment has gone through, but also when we’ve received payment. This transparency means fewer calls or emails for us to answer. It’s phenomenally efficient, and both the administration and parents are elated with how much time Bill.com is saving everyone.”

Pricing and Availability

The cost of mailing a printed invoice is a flat 99¢ fee, which includes a pre-stuffed envelope, postage and handling. Bill.com is offered to the accounting profession exclusively through the Bill.com Accountant Program from CPA2Biz, a subsidiary of the American Institute of Certified Public Accountants (AICPA). Bill.com is available starting at $24.99/Month (Payables Only) and $29.99/Month (Payables and Receivables) with a 30 day risk free trial.

About Bill.com
Bill.com is an on-demand accounts payable and accounts receivable application for CPAs and small and midsized businesses. With Receivables, Bill.com users can send custom invoices, collaborate with customers and receive electronic payments that automatically sync to their existing accounting software programs. They can also receive, route and pay invoices electronically resulting in time and cost savings of over 50 percent versus manual accounts payable and check writing processes. Bill.com uses enterprise-class fraud protections and integrates with popular desktop and on-demand accounting packages, ensuring consistency of financial data and streamlined financial planning, reporting and audit activities.

Source: Bill.com.
 

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