BILL.COM COLLABORATES WITH INTUIT TO BRING DIGITAL PAYMENTS INTO QUICKBOOKS ONLINE
SAN JOSE, CA – October 24, 2016 – Today at QuickBooks Connect, Bill.com, the leading business payments company, announced plans for a partnership with Intuit (NASDAQ: INTU) that will power end-to-end accounts payable within QuickBooks Online. By integrating with the Bill.com digital business payments network, Intuit will now offer seamless online bill pay, and speed up payments, for more than 1.5 million QuickBooks customers.
“Today’s small business owners want bill pay to work how the rest of business works - digitally,” said René Lacerte, CEO of Bill.com. “By building Bill.com’s trusted bill pay network inside of QuickBooks Online, millions of small business owners can now manage bill pay from start to finish right within QuickBooks. By having everything in one place, small business owners can focus their time on what matters: building their business.”
The integration gives small businesses a central home within QuickBooks for managing bill pay online. Businesses in the U.S. can now pay bills to anyone (large or small suppliers), using the Bill.com trusted payment network, and manage cash flow within QuickBooks. This is just the first step in streamlining the accounts payable workflow. In the future, QuickBooks users will be able to receive, digitize, and store bills within QuickBooks, as well as collaborate for approvals on mobile. This will eliminate rekeying data and provide significant time savings for the small business owner, all while giving confidence to their accountant the workflows are standardized, and that all data is accurate.
“Our data shows that 78 percent of small business owners struggle to grow their business as a result of cash flow issues,” said Vinay Pai, vice president and head of Intuit Developer Group. “Improving cash flow and seamless integration matter most to customers when they select apps to manage their business. Our integration with Bill.com is being created with this in mind – to give business owners an easy-to-use, centralized solution to better manage their cash flow.”
This new integration will offer small businesses the opportunity to:
- Simplify Bill Pay: Manage electronic payments end-to-end within QuickBooks, including the option to mail checks. The integration delivers a digital bill pay experience within QuickBooks, eliminating the need to manually sync between accounting and bill pay
- Improve Cash Flow: Keep track of paying your bills all within QuickBooks and gain better insight into cash flow at any time with online bill pay.
- Join the World’s Largest Payments Network: Connect with over 1.4 million members already in the Bill.com network for faster and low-cost payments.
- Seamless Reconciliation: Transactions are tracked and automatically reconciled with QuickBooks, including ACH authorizations and cleared check images to protect against fraud – eliminating steps for small business owners and providing up-to-date cash flow insights for the business.
Bill.com (www.bill.com) is the leading business payments company helping over 1M members process $30 billion in payments annually. Bill.com saves companies over 50% of the time typically spent on financial back-office operations by automating end-to-end processes. Bill.com ties together finance and accounting programs, banks, customers, vendors, accounting professionals, and documents. The company is the choice of three of the top-ten U.S. banks and nearly 50 percent of the top 100 accounting firms. The recipient of more than 43 awards, Bill.com was recently recognized as one of the San Francisco Business Time's Most Innovative Companies and proudly received a PC Magazine's Editor's Choice Award. For more information, visit www.bill.com.