Survey reveals 93% of accountants using Bill.com work remotely, and have a strong desire to go paperless. Distributed computing and shared responsibilities are driving more and more accountants to the cloud and to the “No Check” CEO paradigm.
PALO ALTO, Calif. — Bill.com, the leader in integrated bill payment, invoicing and cash flow management solutions for businesses, today announced the results of a survey of accountants using the Bill.com service, revealing that almost 93 percent of respondents work remotely and there is a strong desire among respondents to go paperless. Indeed, 63 percent of respondents identified themselves as mostly paperless whereas almost 18 percent had already achieved a fully paperless environment.
“This survey tells a very clear picture -- working remotely is the new normal and people want the flexibility of managing payments in the cloud,” said Doug Sleeter, Founder and President, The Sleeter Group. “Going paperless is a key driver for all these systems. Combining paperless documents with cloud-based payment solutions not only saves time, but it also saves money, improves accuracy, and increases collaboration between accountants and their clients.”
The survey questioned Bill.com accountant customers from both large and small firms. The desire to go paperless was given as the most important factor in an accounting firm’s decision to adopt Bill.com as its integrated bill payment solution. A close second was time savings. Firms also liked the ability to share responsibility with clients for the payment work flows.
Respondents found that before going paperless they managed accounts payable and accounts receivable inefficiently, struggling with manual processes and paper checks. Today, respondents find that they save time and money every month by using Bill.com.
Bill.com delivers a complete web-based financial solution for businesses and accountants that provides the tools, information, and collaboration required to better manage their financial tasks and optimize cash flow. Bill.com's game-changing technology allows users to access online bill payments, e-invoicing, document management, and automated workflow through one easy system. In addition to seamlessly integrating with businesses' existing accounting software programs, Bill.com provides accounting professionals with a comprehensive view of their client’s cash forecast - making it the only solution that connects the client’s banks, bookkeeping, and business.
“The survey results prove what our accountant customers tell us every day – that their workflow is distributed, making it essential to be paperless to control all the moving pieces and people,” said René Lacerte, founder and CEO, Bill.com. “We are pleased to bring accountants the most sophisticated yet user-friendly integrated solution in the industry, making their job easier whether they’re working from an office or remotely. The power of being paperless is truly making a difference for accountants, and we are glad to see the accountants themselves and their clients join the ranks of the ‘No Check’ CEO movement.”
“No Check” CEOs are a cadre of business and financial leaders using game-changing technology to replace time-consuming paper processes with fast, efficient cloud-based systems everywhere in their businesses. The accountants, their staff and their clients can pay bills, send invoices and reminders, handle approvals, manage documents, and manage cash flow from anywhere at any time. And they’re not only eliminating checks – they’re eliminating paper wherever they can, throughout their organizations, resulting in great savings in time and money. For more information on Bill.com’s solution for accountants, please visit https://www.bill.com/for-accountants.
Bill.com is the home of the fastest-growing business payments network in the nation, enabling 240,000 users to pay and get paid millions of bills worth billions of dollars. The Bill.com Business Payments Network™ brings small-to-medium businesses simple online bill payment, custom invoicing services, unlimited document storage, workflow collaboration, and the ability to access their back office from anywhere via any mobile device. Bill.com's services easily sync to users' accounting software and online bank accounts to better control company financials while also guarding against errors and offering enterprise-class fraud protection that current methods cannot match. Bill.com serves customers through its direct, accountant and bank channels, bringing together people, systems and documents to redefine how business payments are made.
For more information, please contact: