PALO ALTO, Calif. — Bill.com, the leader in integrated bill payment, invoicing and cash flow management solutions for businesses, today announced that an increasing number of tech companies are deploying Cloud-based financial management solutions to increase their efficiency and reduce their overhead. Companies including RunSignUp, InsideView, ReadyForce, StubHub, Zong and many other rapidly growing innovators have turned to Bill.com to simplify workflow, increase productivity and enjoy the ability to work from any location at any time.
RunSignUp uses the power of the cloud to make it simple for race organizers and runners to manage races and register for races respectively. Started by 25-year tech veteran and avid runner Bob Bickel in 2010, the company quickly grew and now handles more than 3,000 races every year, handling hundreds of thousands of registrations. As a result, the company has to make hundreds of payments a week during peak seasons, a process that took up to a full work day every week when done manually. Now, with Bill.com, this process takes only 5 minutes a week, giving the RunSignUp team extra hours to further build this fast-growing business.
“There is simply no way our business could have grown the way it has if we had to process checks manually,” said Bob Bickel, founder and CEO, RunSignUp. “With Bill.com, everything is done with a push of a button, and it has made all the difference in the world to our business. There is great power in going paperless.”
InsideView is another rapidly growing tech company, recently securing an additional $19 million in funding from leading venture capital firms. Used by nearly 13,000 companies and over 350,000 marketing, sales and account management professionals, InsideView provides the data, insights and connections that help organizations find more leads, win more deals, and grow accounts. With this massive amount of data and customers, InsideView relies on Bill.com to simplify its financial management—and a key part of this simplification is making sure that no matter where its financial team might be, financial transactions and approvals never come to a halt. For example, InsideView CFO Jim Lightsey has found that using Bill.com empowers him to work effectively from any location, even when out of the country.
“Bill.com is an essential tool for CFOs because it lets you maintain control over your financials no matter where you are, as long as you have a mobile device,” said Jim Lightsey, CFO, InsideView. “When I was in Greece on vacation, I was able to quickly make all approvals and transactions needed without losing valuable time out of the office. Without Bill.com, it would be simply impossible to keep our business running so efficiently and still be able to leave the office.”
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 financial leaders with a comprehensive view of their cash forecast - making it the only solution that connects a user's banks, bookkeeping, and business.
“We built Bill.com to let leaders innovate rather than wasting valuable time writing checks and sifting through piles of paperwork,” said René Lacerte, founder and CEO, Bill.com. “We are particularly pleased to see how fast-moving tech companies have turned to Bill.com to complement their own work in the Cloud. Together, we are creating a new, paperless world where businesses are more nimble than ever, bringing services never before imagined. We look forward to seeing what our customers will create next.” About Bill.com
Bill.com is the home of the fastest-growing business payments network in the nation, enabling 250,000 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.