Bill.com announced that the company now offers a new service that streamlines the bill pay process and saves accounting firms valuable time. Auto Bill Entry eliminates extraneous data entry by automatically processing invoices and presenting them for review and approval.
Auto Bill Entry automatically processes and prepares any uploaded, emailed or faxed invoices. Users can then review the processed bills and edit them as necessary. To further reduce time‐consuming data entry, users will be presented with a choice when a new vendor is detected.
“Prior to our using Auto Bill Entry, clients would send us invoices and we’d have to log in, identify the vendor, code it, fill out the corresponding information, save it and submit it. With Auto Bill Entry, it takes half as long or less because you don’t have to key in anything. The service will evaluate the invoice information to associate it with an existing vendor or create a new vendor if necessary. All we have to do is quickly check and approve the invoice, and it posts,” said Alex Cugini, controller for SmartBooks.
“Manual processes like data entry drain accounting firm profits. Auto Bill Entry solves that problem. It exemplifies the Bill.com commitment to continue to streamline the client bill pay process so that it results in a quick, efficient and ultimately profitable service for firms,” said Vijay Raghuraman, product management director at Bill.com.
The new Auto Bill Entry will be introduced to Bill.com members over the next month. It is available for a fraction of the cost of similar services. If you would like be considered for early participation, visit http://cashflow.bill.com/AutoBillEntrySignUp.html.
Bill.com (www.bill.com) is the leading digital business payments company creating magically simple A/P and A/R solutions. We are at the center of business payments, uniting banks and businesses on the fastest growing payments network. Bill.com helps over 1,000,000 network members process over $26 billion in payments per year and saves companies up to 50 percent of the time typically spent on financial back-office operations by securely automating their end-to-end processes. Three of the top ten U.S. banks and 41 percent of the top 100 accounting firms rely on Bill.com as their primary payments solution. The recipient of more than 40 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, please visit www.bill.com.