Press Room

September 9, 2009

Shoeboxed and Bill.com Partner to Provide Paperless Solutions to Small Businesses

Leading services for online accounts payable and receipt management join forces to eliminate bookkeeping hassles

DURHAM, NC and PALO ALTO, CA, September 9, 2009 — Shoeboxed, the leader in online receipt and business card management, and Bill.com, the online bill management and payment leader, have partnered to enable small business owners to focus more on their core businesses and less on administrative hassles.

Companies can now mail their invoices to Shoeboxed for scanning into the Bill.com system rather than scanning the invoices themselves.  This approach saves time while ensuring that invoices are digitally stored for easy reference and security.  Companies can also mail receipts and business cards to Shoeboxed, and access those documents from Bill.com or their Shoeboxed account.  Once an invoice is scanned into the Bill.com system it is immediately available in a user's Bill.com Inbox and can be routed for review internally or to an external accountant.  Companies or their accountants can then pay vendors from any US bank account via check or ePayment, and payments are synchronized with their accounting systems. 

Customers of Shoeboxed and Bill.com can start using the integrated solution at no additional cost from either service.  Bill.com customers who do not currently have a Shoeboxed account can try the integrated service free for 30 days, after which the service is being offered at an introductory price of $8.99 per month for up to 50 documents per month.  Current Shoeboxed customers can open a Bill.com account and use this feature without requiring an upgrade to their Shoeboxed account.

"Both Shoeboxed and Bill.com want to help offices go paperless, so the partnership makes a lot of sense," said Taylor Mingos, CEO and Founder of Shoeboxed. "Together we can provide an even better solution for small businesses and give them more time to focus on growing their business."

"Bill.com is focused on streamlining the hugely inefficient bill management and bill payment process for small and mid size businesses and the accountants that serve them," said René Lacerte, CEO and Founder of Bill.com. "We have made tremendous progress on streamlining the management and payment of bills. Our new partnership with Shoeboxed will drive even more efficiencies at the start of that process and ultimately allow businesses to eliminate one of the remaining headaches with going paperless."

About Shoeboxed (http://www.shoeboxed.com)

Shoeboxed, the leader in online receipt and business card management, scans and organizes its clients' receipts and business cards to make them more manageable for taxes, reimbursements, budgeting, bookkeeping and contact management. Users mail paper receipts and business cards to Shoeboxed for famously fast processing.

Other features of Shoeboxed:

• Receipts and business cards scanned and entered with important information from the documents
• Automatic categorization of receipts into common tax categories
• Export receipts to Quickbooks, Quicken, Excel, CSV, PDF expense report
• Export business card contacts to Outlook, Salesforce, LinkedIn, and other digital address book solutions

About Bill.com

Bill.com is an on-demand accounts payable application for CPAs and small and midsized businesses.  Bill.com users can receive, route and pay invoices electronically — they never have to touch a paper bill again — resulting in time and cost savings to finance personnel of over 50% versus manual accounts payable and check writing processes.  Invoices are emailed, scanned or faxed into the Bill.com service.  Digital images of invoices are then routed electronically for approval, ensuring a complete audit trail and eliminating lost or mishandled paper.  Users can access digitized supporting documents such as current and past bill images, cleared check images and contracts, at every step in the process, from anywhere, at any time, over the Internet. Bill.com handles check printing and mailing as well as electronic payments, and uses enterprise-class fraud protections that are impractical for small and midsized businesses to implement on their own.  Bill.com integrates with popular desktop and on-demand accounting packages, ensuring consistency of financial data and streamlined financial planning, reporting and audit activities.  Bill.com has received numerous awards including a 2009 Innovation Award from CPA Technology Advisor, and a 4-star rating from PC Magazine.

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Media Contacts:
Stacy Chudwin
VP Communications, Shoeboxed
+1 847 207 5019
stacy@team.shoeboxed.com

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