Bill.com, the leader in paperless bill management and payment for small and medium-sized businesses (SMBs) and CPA firms, today introduced a new program for franchise operators at the International Franchise Association's (IFA's) 51st Annual Convention. The Bill.com program provides franchisees and their accountants with unique incentives, product features and services to help them seamlessly implement the Bill.com solution across multi-unit and multiple single-unit businesses [or operations].
By digitizing a process that is historically paper-based, time-consuming and error-prone, Bill.com is helping franchisees save more than 50 percent of the time and cost of handling and paying bills. It's inexpensive to implement and pays for itself quickly, providing the strength of an enterprise-grade solution at a mere fraction of the cost. The program also benefits accountants who service franchisees — many of whom are already Bill.com customers — enabling them to work more efficiently with clients and better take advantage of the significant opportunities available in the franchise sector.
Franchise operators across all business sectors can now use Bill.com to gain anywhere, anytime access to their accounts payables and receivables across all their units. They gain comprehensive real-time insight into financial processes, better visibility into cash flow discounts, and unified financial management of all locations. Bill.com gives them access to all their financial documents, eliminates financial data entry, and simplifies payment processing through Bill.com's vendor payment network. By providing online access to contracts and vendor information and automating and simplifying expense approvals, franchise operators using Bill.com can securely manage their finances in one place from a web browser and reduce the workload of central staff and location managers.
"Bill.com definitely helps take your franchise organization to the next level," said Brian Benge, controller, Creative Management. "I work directly for a franchisee that has eight McDonalds restaurants and we were manually managing, filing, printing and stuffing checks for our payables. Bill.com has greatly helped us simplify processing. We no longer have to print, stuff, or physically file. Now everything is consolidated and digitally available anytime. This time savings has allowed us to accomplish more in less time and focus on what matters — managing the cash flow to improve the profits."
"Bill.com makes it easy to scale operations and maintain financial controls over a fast-growing business or network of businesses," said Bill.com founder and CEO Rene Lacerte. "It securely replaces cobbled together processes and systems that are ineffective and costly for franchise operators. We are excited to be working closely with so many franchisees and business owners, allowing them to chase their dreams and not become mired in financial operations."
Through the Bill.com Franchise program, franchisees can access a dashboard showing open tasks, pending bills, and upcoming payments across all their stores or locations. Bill.com also enables them to display their branding for employees. Franchisees in the program are eligible for discounted user fees for users who require access to multiple accounts and their external accountants. Bill.com is also offering free expert consultations and best practices for franchise operators to help them get started.
The Bill.com Franchise Program benefits are also available to accounting and bookkeeping firms in the Bill.com Accountant Program through CPA2Biz, a subsidiary of the American Institute of Certified Public Accountants (AICPA).
To get started with Bill.com today, simply sign up and a Bill.com representative will call you to discuss all the benefits of the service. For more information, please visit Bill.com booth #619 at the 51st IFA Annual Convention.
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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.