Why Small Businesses Should Use Online Bill Payment

How do you pay your bills today? If you stack bills in a pile until check-writing day, you're not alone. If the process gives you heartburn, you're not alone. If you're interested in a solution that automates everything and transforms your pile of papers into organized online files, you've got to try online bill payment for small business.

What is online bill pay for business?

Online bill pay offers more than online banking, where you simply send payments. A robust online bill payment solution automates the whole bill paying process, starting with the way you receive bills.

Bills are delivered to your Inbox, not your mailbox—so you always know where they are. A virtual file cabinet keeps everything organized and your payments are made electronically. Records are kept online so you have access to accurate vendor history and an audit trail of every payment.

Online business bill payment is a process, not a transaction.

Why online business bill payment pays for itself

If you hand-write checks every month or send money using online banking, consider the upside of online bill payment. You will:

1. Save time. Digitize bills, eliminate data entry, and pay vendors with a single click.
2. Launch a "new and improved" A/P process. Online bill pay doesn't deliver minor enhancements to an existing process; it retools accounts payable from beginning to end, automating a process that has traditionally been paper-based, time-consuming, and error-prone.
3. Enable mobile access. Since your data lives on the web instead of at your office, it's possible to make a payment or check a status with your laptop or smartphone when you're on the go.
4. Make bill pay a paperless process. Instead of file folders stuffed with bills, you'll have a virtual file cabinet with unlimited storage space—where documents are automatically indexed and filed. No need for written checks, envelopes, or postage stamps either.
5. Keep vendors happy. Scheduling automated payments with guaranteed arrival and reducing bill payment errors is good for vendor relations. For you, it means no more late fees.
6. Improve your financial insight. When you keep better track of accounts payable, cash-flow forecasts are easier, savvy money management is possible, and you have what you need for annual audits.

Bill.com makes online bill pay robust yet easy

Bill.com focuses exclusively on small business bill payment, so the service is as feature-rich and comprehensive as it is user friendly. With Bill.com you can:

• Customize approval flows to automatically route bills to the right internal person for sign-off.
• Pay any vendor, large or small, with an electronic check, PayPal, or ePayment (ACH). If your vendor requires a check, Bill.com can print and mail payments too.
• Keep your private information private. Communications are protected with bank-level 256-bit SSL encryption.
• Automatically synchronize bill pay data into QuickBooks, Peachtree, and other accounting packages.

Jeremy Pyles, co-founder of Niche Modern says, "In one far–reaching step, Bill.com has replaced our previous approach of cobbled together processes and systems which were incomplete and inefficient." See what other small business customers are saying about online bill pay from Bill.com.