Bill.com Reviews

Bill.com is a software company based in the United States and is preferred by most of the top 100 accounting companies in the country. The company’s mission is to free SMEs from the burden of manual processing.

Bill.com is a cloud-based software that automates accounts payable and accounts receivables processes. However, the company defines it as an intelligent digital business platform that enables easy and efficient collaboration between providers, suppliers, and clients.

With its AI-powered automation system, this solution provides more than just basic AP/AR tools. It streamlines the entire workflow, making it faster and more accurate.

How can Bill com help you?

Are you tired of spending hours on tedious tasks? Bill.com can help you automate those tasks and reduce your time spent on account payables by 50%. Their main goal is to help small and medium-sized businesses save time by providing them with useful tools.

Bill.com integrates with other software like Quickbooks, Xero, and Oracle NetSuite to streamline your workflow. In addition, the Bill.com app for Apple and Android allows you to approve and pay bills on the go.

Read on for our review of Bill.com, including information on setting up the software, its initial features, and monthly costs.

How does Bill.com work?

Bill.com is a user-friendly accounting software that is easy to set up and use. To get started, you just need to register an account on their website, add your company information, and connect your bank account/accounts. Once you’ve completed these steps, Bill.com automatically integrates with your existing accounting software and registers your transactions on your behalf.

It’s a hassle-free way to manage your finances and keep your books up-to-date.

Is Bill.com Safe?

Yes, all bills paid through Bill.com are FDIC-insured. Additionally, the company undergoes regular SOC 1, and Type 2 audits to ensure that their processes maintain industry-controlled criteria for security, confidentiality, and transaction processing integrity.

As your business grows, you may want to separate the accounting and payments sides to protect against fraud, and Bill.com offers this option through its separation of duties feature. This allows you to delegate tasks and increase security while freeing up some of your time.

You can even assign an approval role to a designated person for review before any transactions are made.

Overall, Bill.com provides a secure and reliable platform for all your business’s payment needs.

Details of Bill.com Features

Moving on with the Bill.com review to the features section to see what this software can do. As with any review, we advise you to take this with “a grain of salt.”

Accounts Payable

If you have experience with accounting software like Xero, NetSuite, etc., you would know that most of them already cover a significant portion of accounts payable. However, with specialized accounts payable software like Bill.com, you can streamline your accounting process and keep track of all your payments without having to enter the data twice.

By integrating Bill.com with your existing accounting software, you can avoid any errors in accounting and keep your bills organized and up-to-date consistently. With its automation and segmentation of payments, you can easily delegate bills to certain parties or automate them completely.

Automating bill payments can save up to 50% of your time and ensure that you never miss paying your bills. However, if you are not fully comfortable with automating the process, you can still enjoy the benefits of being notified when bills are due and setting a level of permissions.

Accounts Receivable

Bill.com takes a comprehensive approach to managing receivables. First, the tool provides a customizable invoicing template to create and personalize invoices directly in the accounts receivable software.

Second, the platform allows you to send and track invoices, including through US post.

Third, you can send payment reminders to customers to ensure timely payments.

Fourth, customers can choose from a variety of payment options, including direct withdrawals from their bank accounts, enabling faster payments.

Finally, Bill.com reconciles your accounting system with the AP/AR software, ensuring seamless integration.

International Payments

Send international payments as easily as you send domestic payments.

Let’s review what Bill.com means by this. Thus, to be more specific, the company offers the option to send as easily as in the domestic market payments through two:

Automatic Check Payments

These two features function similarly. However, one of the main advantages of using Bill.com is its ability to automate checks and ACH Payments. You may be surprised to know that checks are still a commonly used payment method in the US, despite the prevalence of electronic payments.

Vendors often prefer checks for one of two reasons: they may prefer paper records, or they wish to avoid credit card fees. For example, your landlord may require check payments, which can be a time-consuming process. Bill.com can simplify this process.

Now, let’s take a look at how automated check payments work.

Finally, after going through all the steps, you will check what happened with the transaction and avoid the mess that spins around check payments.

ACH Payments

ACH is a method of transferring money electronically between banks in the United States. However, it is not as commonly used as other methods because vendors need to share their bank account information to enable it.

Bill.com offers a solution to this issue by facilitating ACH Payments in a similar way that it does with checks. Additionally, you can invite vendors to set up payments, connect with them, and use Bill.com to transfer the money securely and easily.

Keep in mind that, against an extra cost, Bill.com gives you the option to speed up the process.

1099 Contractor Payments

Bill.com integrates with Tax1099 and optimizes this through it. The software lets you import all the information through CSV. files if you do not use the list.

Customer Service

Although the Bill.com tutorials are helpful and well thought through, some customers may need more than just a video to set up the software. Unfortunately, Bill.com does not offer phone support, which can be frustrating for those who do not have the patience to wait for email replies.

While the tool is simple, we believe that their customer support service could be better. It’s important to note that if you have a product that integrates with Bill.com, you may be able to get some support through that integration.

Ultimately, it’s the final customer’s experience that matters, and phone support should be considered as an option to improve customer satisfaction.

Bill.com App

The software offers the option of approving bills or sending invoices on the go from the Bill.com app. The apps offer the full functionality of the cloud version with the extra mobility associated with the applications. Please leave us your Bill.com reviews and let us know your opinion about the application.

Bill.com Integrations detailed

Bill com comes with two types of integration Auto-sync and Data Integrations.

Bill.com Review Conclusion

In conclusion, our review of Bill.com has led us to confidently say that it is easy to use. While it may lack customer service, it certainly makes up for it with its automation and time-saving features.

Additionally, Bill.com has an impressive range of integrations that make it accessible to 80% of small and medium-sized businesses. We would love to hear your personal review of Bill.com, including what you love and what you don’t.