Bill.com Wins Accounting Today Top New AP/AR Product of 2011
Bill.com, the leader in paperless bill management and payment for small- and medium-sized businesses (SMBs) and CPA firms, today announced Accounting Today selected Bill.com's Zen a Winner in the Top New Products of 2011, described by Accounting Today as highlighting the “best new accounting and accounting-related products" of 2011. Bill.com Zen won for the AP/AR category.
"Bill.com Zen eliminates a massive productivity barrier for firms—the need to manually type in client bills and vendor remittance information into their accounting system and online banking systems," said Rene Lacerte, CEO of Bill.com. "We are thrilled Bill.com Zen was named winner of Accounting Today's Best New AP/AR Product of 2011. Combined with the overall Bill.com offering, Bill.com Zen offers everything firms need to help their clients pay and get paid - faster and easier."
Bill.com Zen (Zero Entry) helps SMBs and accounting firms save time and money by eliminating the process of manually typing data into disparate banking or accounting systems, as well as automatically maintaining important vendor information. With Bill.com Zen, users simply fax, email, or upload bills into their Bill.com account and are notified by email when their bills are ready to review and pay, accuracy guaranteed. By removing time consuming and error prone data entry, Bill.com Zen enables customers to focus on the business processes and the services that matter most.
In addition to Bill.com Zen's award in 2011, Bill.com ePayments also received an honorable mention in 2010, showing Bill.com's ongoing ability to create industry-recognized paperless accounting services.
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Bill.com is an on-demand accounts payable and beta accounts receivable 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 Bill.com's Zen (Zero Entry) service winning Accounting Today's Best New AP/AR Product for 2011, 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 . Bill.com was recently named to the Red Herring Global 100.