Bill.com is a cloud-based service that automates bill payments, online invoicing, and cash flow management. It streamlines the manual, paper-based processes of managing payables and receivables. Bill.com allows users to receive and pay bills online, invoice customers online to get paid faster, and gain visibility into cash flow. It integrates with accounting software for a fully automated, paperless workflow.
2. The Old Way:The Old Way:
Manual, Paper-based processes cause painManual, Paper-based processes cause pain
• Current payables and
receivables process is time
consuming
• Worried about credit
worthiness due to late
payments
• Don't have clear visibility into
cash flow
• Don't have time to grow
revenue
3. The New, Paperless Way:The New, Paperless Way:
IntroducingIntroducing Bill.comBill.com
3
Bill.com is a cloud-based service that automates the way we work with
you to streamline your bill payments, online invoicing and cash flow
management.
4. Hidden Cost of Paper-based ManagementHidden Cost of Paper-based Management
of Accounts Payableof Accounts Payable
Calculate the hidden costs of your
current accounts payable process.
Number of bills per month
Time spent per bill per week (in minutes)
Average hourly rate for staff processing invoice
Monthly bank and check handling fees**
Online document storage for bills, contracts,
etc. per month
50
20
$35
$121
$30
Estimated Monthly Cost $675
Estimated Annual Cost $8,100
**Sum of bank's check fraud protection and imaging fees and check handling fees
5. Bill.comBill.com is Your Paperless Officeis Your Paperless Office
The Perfect Solution for You and Our FirmThe Perfect Solution for You and Our Firm
Streamline your payables and receivables process
end-to-end:
Receive and pay bills online
Invoice online and get paid faster
Automate collections
Store and share financial documents online
Reconcile with bank accounts
Sync with your accounting software
Easily collaborate with us, your vendors, and your customers
online
Manage and control your cash flow …
Paperless Office… anywhere, anytime access
works the same no matter where you bank
Easy access to
pay smarter and
get paid faster
6. The Difference is a Streamlined Workflow:The Difference is a Streamlined Workflow:
Example: Accounts PayableExample: Accounts Payable
The old workflow
Our new efficient workflow
New process requires 5 touches by 5+ people yet takes 1 day
Required a minimum of 8 touches by 5+ people and took a week+ to complete
7. The Difference is a Streamlined WorkflowThe Difference is a Streamlined Workflow
Example: Accounts ReceivableExample: Accounts Receivable
The old workflow
The new efficient workflow – gets you paid faster!
New process requires 6 touches by 5+ people yet takes 3-5 days
11.
Deposit at
bank
10. Enter
deposit
slip
9. Post
payment
8. Open
mail to
get check
7. Call or
email to
follow up
6. Assess
late fees
5.
Research
files
4. Handle
customer
complaint
s
3. Call or
email to
follow up
2. Print
and mail
1. Create
invoice
Required a minimum of 11 touches by 5+ people and took weeks to complete
8. Why You’ll LoveWhy You’ll Love
Bill.com
Save time
& money
Work
Smarter
Anytime,
Anywhere
9. The Bill.com/Intacct integration reduces the time spent
preparing monthly financial reports and annual audits. “We've
been through two cycles, and the auditors are perfectly happy
with the way the system works and how simple it is with
Bill.com,”
Mike Horner, National Association of Water Companies
Proven Success!
“Bill.com has allowed our clients and our firm to save an
incredible amount of time, improve internal controls, and
almost instantly create the paperless work environment we
have been working so hard to achieve. ”
Jennifer L. Katrulya, CPA, CEO
Business Management Resource Group, LLC
"I have a better understanding of what's happening on a cash
flow basis, Bill.com takes care of the payment and syncs details
with QuickBooks. Now I do it all with Bill.com and it only takes
me five minutes.“
Peter Gaspry, Owner, Miracle-Ear Franchise
10. HowHow Bill.comBill.com Works:Works:
Accounts PayableAccounts Payable
Pay Smart with an efficient,
paperless Accounts Payable
workflow:
1)Receive bills online
2)Get bills approved quickly
3)Schedule online payments
4)Easily sync with your accounting
software
11. HowHow Bill.comBill.com Works:Works:
Accounts ReceivableAccounts Receivable
Get paid faster with a paperless
Accounts Receivables process:
1)Create, send and track
invoices online
2)Collaborate online with your
customers
3)Get paid faster with automatic
payments
4)Sync both invoice and
payment activity with your
accounting software
12. Value-Added FeaturesValue-Added Features
12
By automating bill payment and invoicing end-to-end, Bill.com can
significantly boost efficiencies for you and our firm.
1.Mobile payments and invoicing
2.Unlimited document storage
3.Cash flow management to-do list
4.Know your daily balances and projected cash flows
5.More secure vendor payments
6.Get a complete view of transactions
7.Full visibility with an audit trail online
8.Vendor management streamlines daily inquiries
13. • View/Approve bills
• View approver notes
• Make secure
payments
• Multiple bank
accounts
• Adjustable
payment timing
Value-Added FeaturesValue-Added Features
Mobile Payments: Pay On The Go
14. • See all outstanding and
overdue invoices in a
dashboard
• Email Invoices
• Add notes for
customers and see their
comments
Mobile Invoicing: Invoice On The Go
Value-Added FeaturesValue-Added Features
15. Store and access all bills, invoices, contracts and other financial
documents. Get unlimited storage . No more hunting through dusty filing
cabinets.
Unlimited document storage
Value-Added FeaturesValue-Added Features
16. •Access all your
tasks from
your
personalized
to-do list
•Receive email
alerts for to
do list
Get a Personalized To-Do List
Value-Added FeaturesValue-Added Features
17. • Calendar shows actual or
accrued cash coming in and
going out
• Updated book balance pulled
from accounting software
• See future cash flow to
manage payment dates and
operation needs.
Know Your Cash Position and Projected Cash Flows
Value-Added FeaturesValue-Added Features
18. • Payments to vendors are made with
checks drawn on Bill.coms bank
account
– Applies advanced check fraud
controls
– Eliminates check printing and
mailing
– Ties payment to the transaction
• The check shows the invoice to be
paid and the account number
• The bottom 2/3rd of the check
voucher shows a copy of the invoice
to ensure payment is applied
correctly
More secure vendor payments
Value-Added FeaturesValue-Added Features
19. • Access information anytime,
anywhere, making life so
much easier:
• Bills
• Contracts / Company
Documents
• Payment confirmations &
cleared check images
Get a complete view of transactions
Value-Added FeaturesValue-Added Features
20. • The audit trail feature
provides you and our firm
with detailed information
on “who” did “what” and
“when”
• Permission-based user
roles allow you to
determine what level of
access you want others to
have in your company
Get full visibility with complete audit trail
Value-Added FeaturesValue-Added Features
21. Bills are organized by vendor
so you can:
•Easily view outstanding bills,
paid bills, all related invoices
and documents and a
complete payment history --
all in one screen
•Efficiently research vendor
inquiries
Vendor management streamlines daily inquiries
Value-Added FeaturesValue-Added Features
22. Key Benefits ofKey Benefits of
Bill.comBill.com
22
By automating how we
work with you to
manage your payables
and receivables,
Bill.com
makes it easy for you
to pay smarter and
get paid faster.
23. For A Free Trial of Bill.com…For A Free Trial of Bill.com…
See for yourself how Bill.com can
really simplify your A/P and A/R
No credit card required…
http://bit.ly/Billdotcom
24. For More Information, Please Contact…For More Information, Please Contact…
• Scott Gregory, Bill.com/QuickBooks Expert
• Bottom Line Accounting Solutions
• Scott@BetterBottomLine.com
• (440) 527-5696
Notas do Editor
Please read: This Client Presentation is a template that you can fully customize to address your Client ’s specific scenario. Key areas that need to be customized are highlighted in Red throughout the document. Here are the areas that you can customize. Feel free to personalize this presentation further, as you see fit: Insert your company logo and contact information at the end of the document. Where applicable, insert the service name that your Firm is using (example: A/P and A/R Automation) if you ’re using a service name in place of Bill.com. Modify any description of a paper-based workflow based on what you know about your Client ’s actual workflow. Where applicable, use screenshots from your own Console to show your company logo. Use the Hidden Cost Calculator (on the Selling Tab on your Console) to calculate and enter your information about their current process for Slide 4. Insert any Case Studies or Testimonials (Also on the Selling Tab on your Console) that would be relevant for your Client.
Use your custom screen shot or this Bill.com screenshot.
Using the “Hidden Cost Calculator” on the Selling Tab on your Console, calculate the true cost of your client’s current paper-based process and enter the information here.
Please customize the “old workflow” graphic based on what you know about your client’s actual workflow
Use your custom screen shot or this Bill.com graphic.