March 24, 2013
These are exciting times at Bill.com. Our solution continues to be embraced at a record pace. In fact, I have the pleasure of telling you today that Bill.com is the fastest growing business payments network in the nation, enabling more than 175,000 businesses to pay and get paid. Bill.com manages more than five million bills per year, worth $10 billion-plus, by combining payments, workflow, document management, and integrating accounting solutions in a way never before done.
I firmly believe that the reason the Bill.com Business Payments Network is growing so rapidly is because companies recognize the need for a more efficient and effective way of not just making business transactions but encouraging business collaboration. By bringing together people, systems and documents, we are redefining what business payments networks are. It is no longer enough to use a credit card—to do business today you need to build a community where more happens than just one-off transactions. Businesses need to collaborate any time, anywhere. This is what the Bill.com Business Payments Network is all about.
And it’s gratifying, as always, to get industry validation that what we are doing is making a big difference. To that end, I am thrilled to let you know that Bill.com was recognized as the Best Innovation via ACH at the 2013 PYMNTS.com Innovation Awards last week, which were held as part of the Innovation Project conference at Harvard University.
Ironically, the emcee of the event was none other than B.J. Novak of “The Office”. It was great to meet such a talented and funny guy, but the irony of the moment can’t be understated. What’s funnier than Bill.com, the vanquisher of unnecessary documents, getting an award from a staff member of the Dunder Mifflin Paper Company!
Thanks to all of you for helping us achieve this important milestone and industry recognition. We’ll keep you posted as our network grows and our innovations continue.