Bill.com Continues Momentum Earning Top Honors and Recognition by Three Major Industry Award Programs

PALO ALTO, Calif.--(BUSINESS WIRE)--Bill.com, the leader in integrated bill payment, online invoicing and cash management solutions for small- and medium-sized businesses (SMBs) and accounting/bookkeeping firms, today proudly announced that it has been selected as a recipient or finalist for three major industry awards, including:

“Bill.com is committed to helping SMBs and accountants save time and money while better managing their financial processes, anytime, anywhere and on any device”

• Red Herring Top 100 North America Tech Startup – An annual selection of the most promising, innovative private technology ventures from the North American business region.
• CPA Technology Advisor Innovation Award – Focused on identifying new and emerging technologies that have the potential for significant positive impact on the profession and in the day-to-day work of tax and accounting professionals.
• 2011 American Business Awards Finalist – Considered one of the most coveted business awards, the 2011 American Business Awards selected Bill.com as a finalist for the Stevie Award for Best New Product or Service of the Year – Computer Software – Software as a Service.

"Bill.com is committed to helping SMBs and accountants save time and money while better managing their financial processes, anytime, anywhere and on any device,” said Bill.com CEO and Founder René Lacerte. “We are continually innovating and improving our solution to help our customers get back to focusing on what matters most – their business instead of their bills. It’s an honor to be recognized by these prestigious organizations and we look forward to continuing our strong momentum.”

By leveraging Bill.com as their daily financial hub, businesses gain dramatic time and cost savings through unique and proprietary payment processes that enable efficient collaboration internally and with their vendor and customer networks. Bill.com’s simple to use but powerful solutions integrate seamlessly with existing accounting and banking systems to automate the tedious process of paying bills and receiving payments, saving its customers time and money while creating more opportunity to concentrate on running their business. By streamlining what historically has been an unwieldy process, Bill.com also helps say farewell to two historic hassles: The burdensome checkbook and the unruly file cabinet.

About Bill.com

Bill.com is an on-demand accounts payable and accounts receivable application for CPAs and small and midsized businesses. Bill.com users can receive, route and pay invoices electronically — they never have to touch a paper bill again — resulting in time and cost savings to finance personnel of over 50% versus manual accounts payable and check writing processes. Invoices are emailed, scanned or faxed into the Bill.com service. Digital images of invoices are then routed electronically for approval, ensuring a complete audit trail and eliminating lost or mishandled paper. Bill.com handles check printing and mailing as well as electronic payments, and uses enterprise-class fraud protections that are impractical for small and midsized businesses to implement on their own. Bill.com integrates with popular desktop and on-demand accounting packages, ensuring consistency of financial data and streamlined financial planning, reporting and audit activities. Bill.com has received numerous awards including Bill.com's Zen (Zero Entry) service winning Accounting Today's Best New AP/AR Product for 2011, a 2009 Innovation Award from CPA Technology Advisor, a 4-star rating from PC Magazine, a 2010 Barlow Monarch Innovation Award for innovation in financial services.