October 29, 2013 // Franchising.com // SMALL BUSINESS BANKING CONFERENCE, NEW ORLEANS - Bill.com, the leader in integrated bill payment, invoicing and cash flow management solutions for businesses, today announced the next-generation of its Bill.com Banking Platform. The award-winning platform makes banks the focal point of all their customers’ transactions, letting banks monetize the full cash management process while solving a significant pain point for small-to-medium businesses (SMBs) by finally automating and connecting all of their financial processes. The latest version of the Bill.com Banking Platform includes full integration with Bill.com’s recently announced App Center and new features, such as bank-configurable notifications and approvals.
The Bill.com App Center is designed to solve financial professionals’ most common business needs by allowing them to easily connect with third-party applications that are deeply integrated into the Bill.com cash flow management process. For example, expense reports and receipts managed within Tallie can now be automatically synchronized into Bill.com’s bill approval workflow and payment process for reimbursement. Through the Bill.com App Center, businesses can easily identify, set-up, and integrate with other industry-leading applications including all major accounting systems (such as QuickBooks, Xero, Intacct, Sage and NetSuite), document digitization (Earth Class Mail), and expense reporting (Tallie). The Bill.com App Center enables businesses to connect previously disparate applications and information into a common set of cash flow management processes and controls. Now, with the next generation of the Bill.com Banking Platform, banks are able to integrate these same powerful features into their offerings, giving them more ways to add value to their customers’ business.
"The new Bill.com Banking Platform creates the opportunity for banks to get back into the center of their customers’ workflow," said Christine Barry, Research Director, Aite Group. "The Bill.com App Center is giving banks a platform they need to be relevant to more aspects of their customers’ business by helping them aggregate and streamline the many business processes their clients must manage every day. The more banks can offer their customers to make their lives easier, the more loyal and happy their customers will be."
The new Bill.com Banking Platform also offers configurable notifications and approvals. Configurable notifications enable bank partners to brand and tailor all communications with their clients, allowing for a more seamless client experience. In addition, configurable approvals allow banks to control the approval parameters on an account-by-account basis. This allows the bank to mandate approvals for certain clients, such as enforcing a minimum of one approver on each bill. It also enables banks to use these features within their own system if they have already built a custom online experience.
"We believe that banks have the opportunity to reinsert themselves into the very center of their customers’ business by taking advantage of the powerful financial automation available to them today," said René Lacerte, founder and CEO, Bill.com. "We are committed to harnessing that power of the cloud to bring banks effective and efficient ways to help their customers thrive across many of their most common financial workflows and, in doing so, help the banks themselves build new revenue streams while increasing customer loyalty."
Find the App Center on our website
Company Blog: http://www.bill.com/blog-post/
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Bill.com is the home of the fastest-growing business payments network in the nation, enabling 250,000 users to pay and get paid millions of bills worth billions of dollars. The Bill.com Business Payments Network™ brings small-to-medium businesses simple online bill payment, custom invoicing services, unlimited document storage, workflow collaboration, and the ability to access their back office from anywhere via any mobile device. Bill.com's services easily sync to users' accounting software and online bank accounts to better control company financials while also guarding against errors and offering enterprise-class fraud protection that current methods cannot match. Bill.com serves customers through its direct, accountant and bank channels, bringing together people, systems and documents to redefine how business payments are made.