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SaaS Accounts Payable Application Helps CPAs and SMBs More Efficiently Manage Their Day-To-Day Financial Activities

THINKstrategies, Inc., the leading strategic consulting company focused on the business implications of the on-demand services market, announced today that Bill.com has been named the latest winner of the Best of SaaS Showplace (BoSS) Awards program, which is aimed at promoting the measurable business benefits being delivered by today's Software-as-a-Service (SaaS) solutions.

The BoSS Awards is an ongoing program which recognizes SaaS companies that are producing tangible business benefits for specific user organizations. These benefits can include increased sales, lower costs, higher customer satisfaction, faster operations and greater profitability.

Bill.com is a leading provider of a SaaS-based, paperless bill management and payment solutions for small- and medium-sized businesses (SMBs) and CPA firms. Bill.com users can receive, route and pay invoices electronically with multiple options including PayPal and e-payments.Invoices can be emailed, scanned or faxed into Bill.com, and relevant information is automatically integrated into the Bill.com system. Digital images of invoices are then routed electronically for approval, ensuring a complete audit trail and eliminating lost or mishandled paper.

The following are examples of Bill.com's measurable business benefits:

  • Niche Modern's staff time dedicated to accounts payable responsibilities was reduced from 20 hours per week to just two hours.
  • Massachusetts Burger Enterprises, LLC has saved approximately 50 percent of its time spent on paying bills with Bill.com compared with its former method.
  • CrowdSavings.com now only needs one employee to perform the same day-to-day financial work that would have taken three employees in a traditional in-house accounting department.

The resulting time and cost savings for those employing Bill.com's online financial management tools allowed the businesses to focus on running their organizations and serving customers, rather than managing paperwork. It is for these reasons that Bill.com has been named a Best of SaaS Showplace Award winner.

A summary of the company's winning BoSS Award submission can be found at http://www.saas-showplace.com/awardSummary.php?key=1893.

"We are very pleased to be recognized by the SaaS Showplace for the business value of our solutions," said Bill.com CEO and Founder René Lacerte. "As someone who has personally grown a business and known the hassle of dealing with paper bills, I'm happy to help so many small-, mid-sized businesses and accounting firms automate these processes online."

"Properly managing the day-to-day financial activities of a CPA firm or SMB can be a very time-consuming task," stated Jeffrey M. Kaplan, the founder of the SaaS Showplace and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace. "Bill.com's SaaS-based accounts payable system simplifies this task to enable organizations to dramatically improve their productivity and profitability."

A list of previous winners of the BoSS Awards can be found at http://www.saas-showplace.com/registerforbossaward.html.

Based on the success of the BoSS Awards program which focuses on SaaS solutions, THINKstrategies has launched the Cloud Computing Business Value (CCBV) Awards program to recognize companies which are delivering Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) solutions producing measurable business benefits for their customers. For more information regarding the CCBV Awards, go to http://www.thinkstrategies.com/cloudcomputingawards.html.

About the Best of SaaS Showplace (BoSS) Awards

The BoSS Award program is an ongoing initiative to identify and promote SaaS, and 'cloud computing', companies which are offering on-demand solutions which are generating measurable business benefits for their customers. BoSS awards nominations are accepted on an ongoing basis, and more than one winner can be awarded in each SaaS Showplace Application, Industry and Enabling Technology Supplier category. For more information or to nominate a BoSS award winner, go to http://www.saas-showplace.com/registerforbossaward.html.

About the SaaS Showplace

Software-as-a-Service (SaaS) Showplace is a service of THINKstrategies, Inc. This Showplace was established in 2006 to provide the following benefits:

  • Give enterprise decision-makers a quick directory of the leading SaaS providers and a convenient source of valuable insight regarding SaaS trends.
  • Give SaaS providers a targeted tool to increase their visibility among enterprise decision-makers, and gain access to key enabling technology suppliers.
  • Give enabling technology suppliers a specialized platform to increase industry awareness regarding their SaaS solutions.

The SaaS Showplace is now the largest and highest ranked, vendor-independent, online directory and resource center of industry best practices in the SaaS market.

About THINKstrategies, Inc.

THINKstrategies, Inc. is the only strategic consulting services company formed specifically to address the unprecedented business challenges facing IT managers, solutions providers and investors today as the technology industry shifts toward a services orientation.
THINKstrategies' mission is to help our clients re-THINK their corporate strategies, and refocus their limited resources to achieve their business objectives. THINKstrategies helps enterprise decision-makers with their sourcing strategies, IT solutions providers with their marketing strategies, and VCs with their investment strategies.
In addition to the Software-as-a-Service Showplace, THINKstrategies is also the founder of the Managed Services Showplace, a vendor-independent, online directory and information resource center of managed service solutions. For more information regarding THINKstrategies' unique consulting services, visit www.thinkstrategies.com, or contact us at info@thinkstrategies.com. THINKstrategies, SaaS Showplace and Managed Services Showplace are registered trademarks of THINKstrategies, Inc.

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. 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, a 4-star rating from PC Magazine, a 2010 Barlow Monarch Innovation Award for innovation in financial services, and was recently named to the Red Herring Global 100.