Bill.com Receives “Awesome Add-On” Award

PALO ALTO, Calif.--(BUSINESS WIRE)--Bill.com, the leader in integrated bill payment, online invoicing and cash management solutions for businesses, announced today that it was selected as a 2012 Awesome Add-On by The Sleeter Group. The award signifies that Bill.com and its new Receivables functionality is among the most productive and effective technologies designed to enhance common business management systems, helping to increase productivity and efficiency.

“Bill.com was selected as one of this year’s Awesome Add-Ons because its new Receivables functionality brings significant innovation to a business process that has been traditionally plagued by lost checks, tracking down invoices and follow-up hassles. Bill.com is making those issues a relic of the past.”

Bill.com, a two-time Awesome Add-On recipient, delivers a complete web-based financial solution for businesses and accountants that provides the tools, information and collaboration required to better manage their business. Announced in March 2011, Bill.com Receivables more than doubled the business process capability with Bill.com, enabling users to send custom invoices, collaborate with customers and receive electronic payments. Working in tandem with Bill.com Payables, Bill.com’s simple yet powerful solutions integrate seamlessly with existing accounting software and automate historically tedious financial processes, enabling users to achieve time and cost savings that are up to 50 percent greater than paper-based systems.

As the nation’s largest network of small business technology consultants, The Sleeter Group has members throughout the United States, Canada and the Caribbean. The awards will be formally announced on November 7 at the 2011 Accounting Solutions Conference in Las Vegas, an annual event that draws hundreds of accountants, bookkeepers, consultants, and IT professionals, providing them with educational opportunities presented by industry experts, thought leaders and technology developers.

“It’s more important than ever for businesses and professional practices to find technologies and services that help them be more efficient and productive,” said Doug Sleeter, the founder and president of The Sleeter Group. “Bill.com was selected as one of this year’s Awesome Add-Ons because its new Receivables functionality brings significant innovation to a business process that has been traditionally plagued by lost checks, tracking down invoices and follow-up hassles. Bill.com is making those issues a relic of the past.”

“It’s a tremendous honor to receive a second Awesome Add-On from the Sleeter Group,” said René Lacerte, founder and CEO, Bill.com. “Bill.com Receivables brings our solution full circle marking a major milestone in our efforts to offer everything businesses and their accountants need to manage cash flow, pay vendors and get paid anytime and anyplace. We feel Bill.com Receivables has been a breakthrough for our users, who are looking to focus more time on their business and clients and less time on their bills. This award is a testament to all we’ve been able to achieve with the solution in 2011.”

Technologies receiving the Awesome Add-Ons recognition are vetted by The Sleeter Group’s consultants to ensure that they meet the highest standards of design, ease-of-use, and conformance with appropriate accounting and security standards.

About Bill.com

Bill.com is an on-demand accounts payable and accounts receivable application for businesses of all sizes and has a tailored product for accountants and bookkeepers. With Receivables, Bill.com users can send custom invoices, collaborate with customers and receive electronic payments that automatically sync to their existing accounting software programs. They can also receive, route and pay invoices electronically resulting in time and cost savings of over 50 percent versus manual accounts payable and check writing processes. Bill.com uses enterprise-class fraud protections and 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 2011 Innovation Award from CPA Technology Advisor, a 2011 Intuit App Showcase award, and a 4-star rating from PC Magazine.

About The Sleeter Group

The Sleeter Group (www.sleeter.com) is the largest network of small business accounting technology and business process design consultants in the country, serving over 250,000 small businesses. The company provides accounting software training resources to users and consultants including textbooks, reference books, expert level Webinars, the annual Accounting Solutions Conference, a consultant membership network, practice management tools, teaching systems, a free blog and an online newsletter.