Bill.com is a straight-forward, but effective, cloud-based system used to enter, approve, and store invoices; and pay vendors. With Bill.com, the subscribing organization essentially outsources substantially all of its accounts payable and payment functions.
Data Capture and Approval
Data capture on Bill.com is accomplished via a combination of methods including scanning, manual entry, emailing, faxing, and drag-dropping. Once the item is captured, the data is used to create a “new bill” and assigned to an approver. Approvers are automatically notified of action required and can interact via PC, tablet or smartphone.
Payments and Additional Features
Payment of invoices is made through a variety of methods including ACH, credit cards, and checks. Multiple bank accounts can be used for payment. Bill.com offers a cash forecasting feature. [Read more…]