Press Room

October 10, 2007

Cashview (Bill.com) Hires Mark Orttung as New VP of Product Development

Orttung is a pioneer in defining, building and operating Software as a Service (SAAS) and On Demand solutions

PALO ALTO, Calif. — October 10, 2007 — Cashview (Bill.com), a new online service that simplifies the management of everyday business finances, announced Mark Orttung as its new Vice President of Product Development. Mark has more than 19 years of experience in online service procurement, enterprise product development and system integration. In his new position at Cashview (Bill.com), Mark is responsible for all aspects of product development including product management, engineering, quality assurance and program management.

A pioneer and veteran in defining, building and operating Software as a Service or On Demand solutions, Mark is the author of several industry research papers. Prior to Cashview (Bill.com), Mark served as Vice President of Platform & Engineering for Rearden Commerce, helping the company grow to over 600 customers and more than 40 distributors, while building his team to over 100 employees. At Rearden Commerce, he also established a patent program, which resulted in the generation of more than 75 patents pending, of which he is the inventor/co-inventor of 35 patents pending.

"This is the second company that I have started and one of the most important things to get right is the people. Attracting and retaining the best people in the industry is key,"said Cashview (Bill.com) Founder and CEO René Lacerte. "Hands down, Mark is the best pick when it comes to On Demand services. His past experience and his technology vision are key strengths. Mark's expertise complements our management team, which includes software pioneers from Intuit, SalesForce, PayPal, eBay and PayCycle. With strong backgrounds in SaaS/On Demand services for business spanning the financial services, CRM and e-commerce applications, we have the right team to deliver customer-centric solutions."

Prior to Rearden Commerce, Mark held the position of Vice President of Product Marketing at GetThere, a leading global online corporate travel reservation service. He was also the Senior Director of Product Management at Genesys, and he spent nine years at Accenture (and its predecessor Andersen Consulting) serving high technology clients including Intel, SAP and Sun Microsystems. During that time Mr. Orttung co-founded a spin-off company that pioneered employee-centric HR portals. Mark is a graduate of Stanford University, with a BS in Mathematical and Computational Sciences, and Northwestern University, with an MS in Computer Science.

"Timing is everything,"said Mark Orttung. "What an honor it has been to begin working at Cashview (Bill.com) just in time for its public launch at DEMO. Part of what attracted me was the great team and what a great product they have built. I not only believe in this service offering, I am seeing firsthand the tremendous efficiencies it is bringing to the businesses already using it, and this is just the beginning. Cashview (Bill.com)'s technology roadmap includes many more benefits to help companies be more efficient, save money and focus more energy on growing their business. Over the years, I've seen the power that On Demand SaaS solutions bring to businesses. I look forward to many years developing and growing this service model."

About Cashview (Bill.com)

Based in Palo Alto, Calif., Cashview (Bill.com) is an online finance management service that simplifies the way businesses manage bills, invoices, contracts and other important documents, allowing them to focus on growing their business. Cashview (Bill.com) lets companies store all documents, processes, messages and transactions in one place, so financial stuff can be easily and securely accessed from anywhere, any time. Unlike traditional accounting systems with after-the-fact reporting, Cashview (Bill.com) is the first and only low-cost cash management service that gives companies a real-time daily view of anticipated cash flow while simultaneously processing transactions. This allows companies to more effectively plan, forecast and make smarter financial decisions adding a new dimension to cash management. Cashview (Bill.com) is privately held and funded by DCM (www.dcm.com) and Emergence Capital (www.emcap.com). For more information visit www.Bill.com.

Contact info:
Kevin Wolf
Bill.com
+1 650 327 1641
kevin@toolguypr.com