4 Ways to Improve Paying Bills using Bill.com

Managing your company’s bill payments is not easy. For some companies the number of invoices to sort through on a regular basis can be overwhelming enough, but using a traditional paper-based bill processing model presents serious logistical challenges. Think: risk-prone double entry, time spent chasing approvals via email, lost productivity voiding and reissuing checks, and massive piles of paper to scan and organize. Luckily, there’s a better solution to this accounting issue — Accounts Payable Automation. Save time and get better control over your cash flow by outsourcing your bill payments to your accounting partner and bill.com.

We use Bill.com to streamline accounts payable and accounts receivable management, so you can focus on running your business instead of keeping up with administrative tasks.

Ready to save time, money, and sanity? Here are just four benefits you’ll receive when you hand your accounting to us.

1. Stay in control with an automated process

Say farewell to labor-intensive steps in your business payments process. You don’t need to sort through piles of paper or enter data line by line—we’ll do the work for you.

Although Bill.com streamlines busywork, you always maintain full control. You can review and approve bills with just one click, or set up automated approvals for recurring payments. We can also customize role-based access and assign bill and payment approval workflows. Based on the rules you set, Bill.com manages the workflow—so you can get back to your business.

2. Take paper out of your process

We use Bill.com to handle everything digitally—invoice capture, bill approvals, payment, reconciliation—so you never have to track and store paper documents. Not only does this improve efficiency and save you countless headaches, it gives you mobility.

Going digital gives you back your freedom. No more Friday check runs; you can review and approve invoices from anywhere you have an internet connection. If you have access to the mobile app, your tablet, or a computer then you are connected. Rest easy knowing everything is taken care of and allow yourself to focus your time on important projects.

3. Ensure accuracy and reduce opportunities for fraud

Not only do we take the hassle out of paying bills, we use Bill.com to make the payment process that much more secure. Bill.com uses artificial intelligence to perform risk assessments to reduce the risk of fraudulent activity and an automated Positive Pay service to protect you against check fraud.

Bill.com has comprehensive document management and automation systems that allow us to categorize, sort, and store all your files in one virtual location—so your information is always organized and audit-ready.

4. Pay vendors how they want to be paid

Using Bill.com allows you to bring more flexibility and efficiency to your bill management process. Flexible payment options like domestic ACH, international wires, and virtual card make it easier than ever to pay vendors how they want to be paid.

Outsourcing to us saves you time and energy, reduces the risk of fraud and error, and brings more flexibility to your bill management process. That’s because we use Bill.com—it’s a straightforward, intuitive solution that delivers above and beyond.

At AccountFWD we are experts in accounts payable automation with bill.com. We will implement and manage your billpay processes for a flat monthly fee or help you with implementation and train your team.

Ready to get started? Send us a note or schedule a complimentary 15 minute consultation today to find out how we can help you and to receive a personalized proposal.