PALO ALTO, CA. October 16, 2019 - Bill.com, a leading provider of AI-enabled cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses, today announced a new set of offerings designed to help midmarket companies better automate their AP/AR functions and achieve greater operational efficiencies.
The new capabilities for the midmarket include support for a centralized, PO-to-payment workflow; advanced customer support; expanded coverage for cross-border payments; a VIP program for International Payments customers with competitive exchange rates; and increased collaboration with partners including Oracle NetSuite, Sage Intacct, and dozens of value-added resellers.
Building on its prior success of helping businesses transform back-office financial operations, Bill.com has seen strong adoption in the midmarket as it frees these organizations from antiquated financial processes, helping them streamline the transaction lifecycle and grow their business.
“As companies scale, the advantages of AP and AR automation are magnified. Midsized companies can be in dire need of next-generation, end-to-end back office solutions that help them work smarter, faster and more efficiently,” said René Lacerte, CEO at Bill.com. “Today, we’re introducing critical, new capabilities for midsized companies, including PO matching, expanded international payments and partnerships. These new offerings will provide insights for customers to act on and enable them to automate their AP/AR processes, thus saving significant time and money while greatly improving productivity.”
Here is a closer look at the midmarket capabilities offered by Bill.com:
"With its AI-enabled technology, Bill.com intelligently automates and streamlines our end-to-end financial processes so we can focus on more significant, value-added work. From accounts payable with approval queues to cloud-based access to our files for audits, Bill.com has helped us scale through our rapid growth. We look forward to new features designed for companies like ours, including the support of Purchase Orders," says Jade Lee, Director of Corporate Accounting at HashiCorp, a leader in multi-cloud infrastructure automation software.
Bill.com will share more details about these new midmarket offerings at upcoming events, including Sage Intacct Advantage, October 21-25, 2019 in Las Vegas, Nevada. Bill.com is a Platinum Sponsor of Advantage 2019 and will lead a session at the conference, titled “Reimagine Your Tech Stack: Automated AP Workflows for Mid-Size Companies,” on Wednesday, October 23, 2019.
Purchase Order sync for both Oracle NetSuite and Sage Intacct will be available by the end of 2019. For more information or to request a demo, visit here.
Bill.com is a leading provider of cloud-based software that simplifies, digitizes, and automates complex, back-office financial operations for small and midsize businesses. Customers use the Bill.com platform to manage end-to-end financial workflows and to process payments, which totaled over $70 billion for fiscal 2019. The Bill.com AI-enabled, financial software platform creates connections between businesses and their suppliers and clients. It helps manage cash inflows and outflows. The company partners with several of the largest U.S. financial institutions, more than 70 of the top 100 U.S. accounting firms, and popular accounting software providers. Bill.com has offices in Palo Alto, California and Houston, Texas. For more information, visit www.bill.com or follow @billcom.