Bill.com Collaborates with Intuit to Introduce Digital Payments for Small Businesses
PALO ALTO, Calif. -- June 28, 2017 -- Bill.com, the leading business payments company, has started to deliver on simplifying the ability to process electronic payments seamlessly within QuickBooks Online. With Bill Pay for QuickBooks Online integration, small businesses will be able to save more than 50 percent of their time spent paying bills, gain more cash flow control and easily access their go-to financial management tools in QuickBooks Online.
“For many small businesses, the traditional paper-based process of organizing, paying and managing bills is outdated, complex and time consuming. Now that digital payments are available directly within QuickBooks, there’s no reason to hang on to paper checks,” said René Lacerte, CEO of Bill.com.
Bill Pay for QuickBooks Online is designed to provide a seamless QuickBooks experience. New features will include:
- Pay Bills In One Place: Import, review and pay bills right from QuickBooks Online. Easily send ACH bank transfers or have checks mailed for you.
- Payments Tracker: With a soon-to-be available new tab on QuickBooks Online, users will be able to view the status of their online payments, handle any payment exceptions, and can void, reissue or stop pending payments. Users will also have digital cleared check images to show proof of payment or to support an audit.
- Electronic Payment Setup: Easily setup vendors for bank transfers and electronic payments with an enhanced setup portal.
In the coming months, additional new feature enhancements will continue to focus on making the bill payment process even easier. This includes the ability to manage incoming bills digitally by scanning and uploading them to QuickBooks as well as the ability to view bill pay information directly from the QuickBooks dashboard.
“Having everything I need to manage cash flow and bill pay all inside of QuickBooks has revolutionized the way I do business,” said Randi Hecht, owner of the small business Intellitext and an early tester of Bill Pay for QuickBooks Online. “Before using Bill Pay for QuickBooks, I would spend 25 hours a month processing, writing and sending checks. I’ve saved nearly 20 hours a month, which has allowed me to spend less time paying bills and given me more time to be successful.”
Since making the integration available to a select group of customers in January, users have been pleased with its ease-of-use. To date, small businesses processed more than $7 million payments while using the integrated service, and have saved substantial hours compared to writing, mailing, and faxing paper checks.
“We understand how time consuming it can be for small business owners to manage finances and get their bills paid on time,” said Gretchen Salyer, Director of Strategic Partnerships, Intuit. “As part of our commitment to help small businesses succeed, our integration with Bill.com gives business owners an easy-to-use solution that can ultimately help them save time and instead focus on building their businesses and meeting the needs of customers.”
To learn more about pricing and availability, or to sign up for Bill Pay for QuickBooks Online, visit here.
Bill.com (www.bill.com) is the leading business payments company helping over 2M members process $36 billion in payments annually. Bill.com saves companies over 50% of the time typically spent on financial back-office operations by automating end-to-end processes. Bill.com ties together finance and accounting programs, banks, customers, vendors, accounting professionals, and documents. The company is the choice of three of the top-ten U.S. banks, over 50 percent of the top 100 accounting firms and to major payment software companies including Intuit and Xero. The recipient of more than 43 awards, Bill.com was recently recognized as one of the San Francisco Business Time's Most Innovative Companies and proudly received a PC Magazine's Editor's Choice Award. For more information, visit www.bill.com.
Intuit Inc. is committed to powering prosperity around the world for consumers, small businesses and the self-employed through its ecosystem of innovative financial management solutions.
Its flagship products and services include QuickBooks® and TurboTax®, which make it easier to manage small businesses and tax preparation and filing. QuickBooks Self-Employed provides freelancers and independent contractors with an easy and affordable way to manage their finances and save money at tax time, while Mint delivers financial tools and insights to help people make smart choices about their money.
Founded in 1983, Intuit serves 42 million customers in North America, Europe, Australia and Brazil, with revenue of $4.7 billion in its fiscal year 2016. The company has approximately 7,900 employees with major offices in the United States, Canada, the United Kingdom, India, Australia and other locations. More information can be found at www.intuit.com.
Sutherland Gold Group for Bill.com