PALO ALTO, CA, November 16, 2017 – Bill.com, the largest U.S. business payments network, today announced that it has been chosen as a preferred provider by BDO USA, LLP, one of the nation’s leading accounting and advisory firms. Under the agreement, BDO will use bill payment solutions from Bill.com to enhance the technology platform of BDODrive, the firm’s cloud-based solution for outsourced financial management, accounting services, and business intelligence.
“By unifying bill payment technology and processes firm-wide, BDO has created a truly innovative model for client accounting services,” said René Lacerte, CEO and founder of Bill.com. “Clients benefit from the modern, mobile, and real-time accounting experience BDODrive powers, and Bill.com is proud to contribute as its preferred bill payment solution.”
As the largest U.S. business payments network processing over $50 billion a year in payment volume, Bill.com helps firms and their clients pay and get paid faster. It digitizes, automates, and mobilizes the AP process, allowing businesses to cut bill payment processing time by 50 percent or more. It integrates with top accounting software such as QuickBooks Online, Xero, NetSuite, and Sage Intacct to provide real-time insight into financial performance. It is also the preferred provider of digital payment solutions for CPA.com, the technology arm of the American Institute of CPAs (AICPA). BDO also uses Bill.com for accounts receivable, automating the invoicing process and helping its clients to get paid faster.
“The ability of Bill.com to be accessed from a mobile device supports BDODrive’s commitment to providing clients with real-time access to their finances,” said Kelly Johnson, Partner and National Practice Leader for Business Services & Outsourcing at BDO USA. “Our clients want to be nimble and having the approval process with anywhere, anytime access allows our clients to do what they love, running their business.” Practitioners nationwide named Johnson as the 2017 Innovative Practitioner Award from CPA.com for her exemplary work embracing new strategies and technology throughout the practice.
BDODrive is an integrated, scalable solution for financial management, accounting services and business intelligence that fundamentally improves upon the traditional concept of business outsourcing. Leveraging leading-edge cloud technology and security, BDODrive provides clients with a real-time, mobile view of their business’s performance that enables them to operate more efficiently and effectively. Some of the key features delivered through BDODrive include accounting and financial management, online payments, auto bank feeds and reconciliation, business data analytics, secure document management and customized reporting of key performance indicators delivered in real-time with 24/7 mobile access. Most important, all of these features are enhanced by the active involvement of experienced BDO professionals who assist clients in identifying opportunities and mitigating risk. For more information, go to BDODrive.
Bill.com is the leading business payments network with over 2.5 million members processing over $50 billion per year in payment volume. Bill.com helps businesses connect and do business by saving them more than 50 percent of the time typically spent on financial back-office operations. Bill.com partners with four of the top-10 largest U.S. banks, more than 50 of the top-100 accounting firms and major accounting software providers including QuickBooks Online and Xero. It is the preferred provider of digital payments solutions for CPA.com, the technology arm of the American Institute of CPAs (AICPA). Bill.com is headquartered in Palo Alto, California and is backed by Temasek, August Capital, Scale Ventures, Napier Park, DCM, Icon Ventures, Emergence Capital, Silicon Valley Bank and American Express with $200M in funding.
About BDO USA
BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, and advisory services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 60 offices and over 500 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of 67,700 people working out of 1,400 offices across 158 countries.
BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit: www.bdo.com.