At BILL, we are passionate about automating the future of financial operations so our accounting firm partners and the small and midsize businesses (SMBs) you support can thrive. BILL is proud to be a trusted partner for 85% of the Top 100 US accounting firms, with over 7,000 accounting firms using BILL to automate manual tasks and increase venues.
Last week, BILL announced a new financial operations platform for SMBs that integrates category-leading solutions across accounts payable, accounts receivable, and spend and expense management. With this update, BILL is thrilled to deliver the most comprehensive capabilities for SMBs and their accountants to optimize and manage cash flow within a single platform.
Your feedback has always been an important part of our mission’s success, helping us to create new features that support greater control, visibility, efficiency, and profitability for you and your clients.
We’re honored to share that BILL has been named one of the winners for the CPA Practice Advisor 2023 Tax & Accounting Technology Innovation Awards.
The CPA Practice Advisor Tax & Accounting Technology Innovation Awards honor new technologies that help accounting firms and their small business clients operate more efficiently and profitably through improved workflow, increased accessibility, or enhanced collaboration. Winners are selected based on the voting of the awards committee, which includes the editorial staff at CPA Practice Advisor, thought leaders among the profession, and the publication’s Editorial Advisory Board.
Award-winning BILL features
This year, BILL won for three features that help accountants provide their clients with improved cash flow visibility and more flexibility with payments.
Invoice Financing allows eligible customers to get paid early for outstanding invoices. Instead of waiting 30 days to get paid, customers can finance unpaid invoices and get money in as little as 5-10 minutes.
For a 3% origination fee per invoice, they can receive advances on unpaid invoices. The process is fast and easy, and doesn’t affect a customer’s credit score. Invoice Financing helps businesses have the money they need for their business to grow.
BILL balance is a financial account that can be used to hold funds and pay bills (small or large) as soon as one business day at no additional cost.
Customers can make these payments digitally anywhere, anytime, all while having the additional benefit of automatically reconciling with your existing accounting system.
With Pay By Card, BILL subscribers can pay their vendors with a debit or credit card – even if the vendor does not accept cards.
Paying a vendor by card can give your client more time to settle the debt on their credit card account, freeing up cash. As a bonus, customers still get to earn their credit card rewards on all transactions.
This is the ninth time BILL has won or been named a finalist for these awards. Earlier this year, BILL also earned the number one spot in G2’s 2023 Top 50 Accounting and Finance Software Ranking for the third year.
Thank you to all of our accounting partners, whose feedback has helped inform these innovations!
Soon, you’ll hear of more updates from BILL for automation, integration, tools, and client advisory services.
If you’d like to learn more about these features and more, reach out to your BILL account manager.
If you are not currently a BILL customer, we invite you to get started with a risk-free trial of bill pay and spend & expense management.