February 28, 2012
As many of you know, I am a 4th generation entrepreneur. When I was ReneLacerte1 a kid, my dad and granddad would say, “Cash is King” whenever we were talking about business. They would then go on to say "stretch out the payables and pull in the receivables to make cash last". At the time I didn't really know what they meant because I was only 12. When I started PayCycle and was managing the day-to-day finances I started to really understand what they meant. As my understanding grew, I discovered there weren't any great tools to help me manage my cash flow. That's when I started noodling the idea for Bill.com.
My goal, when I founded Bill.com (whose original name was actually CashView), in 2005, was to provide businesses with the simplest tool to manage cash. I paid attention to what Dad and Granddad had told me over and over again, and Bill.com developed an award-winning Accounts Payable (AP) solution that allows business owners to simplify their bill pay and included the ability to sync data directly into their accounting package, eliminating double data entry.
Last year we created another award-winning solution for Accounts Receivable (AR) that allows businesses to send electronic invoices from their Bill.com account, and receive payments directly into their bank account.
This year, I am very excited to announce that, with our latest release, we launched our "CashView" system. Coming back around full circle from where we started, CashView takes the calendar in Bill.com to a whole new level. You now have a visual graph of what is happening with your cash. You can easily change the "window/timeframe" you want to look at, as well as examine the transactions that will be coming down the pike. Most exciting is that you can put in estimates for transactions in addition to "cash dates" for existing invoices or bills -- even payroll or a tax refund. This gives you great insight into your cash flow.
Our customers - small and mid-sized business owners and accountants – gave us feedback about this feature, and we are very excited to launch this new functionality. We would love to hear your feedback as well. Just like with AP and AR, we will continue to improve CashView and value your input. CashView is now available in your Bill.com account at no additional cost. So -- let us know what you think.
Thanks for all your patronage, great feedback, support. All of us at Bill.com appreciate it.