Works great for A/P but doesn't support international.
October 16, 2012
Works great for A/P but doesn't support international.
Score 9 out of 10
Vetted Review
Modules Used
- Account Payables
Overall Satisfaction
Pros
- It’s really useful for our stage of company to automate processes, increase use of staff accountant’s time.
- It is really easy to use and I have not had any issues with it.
- I like the e-payment feature.
- It provides a good repository of If you need to do research and see when payments were made, you can see the invoice and when it was paid.
- You have reports to support payment The reporting is pretty good.
Cons
- International electronic payments are not currently supported.
- Labor time savings for staff accountant – 10-15% of a person’s time currently – maybe 3 hours per week currently.
Product Usage
3 - Finance
Staff accountant enters in bills, controller reviews, VP Finance pays.
Staff accountant enters in bills, controller reviews, VP Finance pays.
I do the administration myself. It is very simple, minimal work required for administration. It take just 5 mins to add a new user
- Accounts payable: We use it as a storage tool for invoices from It collects invoices from vendors, tracks when due, and based upon due date, we use the system to pay invoices once per It reduces the headcount required to support process.
- When we enter the invoice into Bill.com, it supports two ways to pay – through a check or e-payment.
- We can invite vendors to receive electronic They put their banking info into the Bill.com website and can then be paid faster.
Evaluation and Selection
Previously we just did payables out of Quickbooks - manual checks and wire transfers.
Implementation
- Vendor implemented
Training
- Self-taught
• For new hires, we train internally. It’s a pretty intuitive tool. There’s not much training required.
Support
Usability
Reliability
Integration
- Quickbooks
Native integration to Quickbooks. It is simple to use – there’s a Bill.com icon in Quickbooks that we click and it synchronizes Quickbooks and Bill.com. It’s not automated - you have to click one or two buttons, but it is really easy to use and pretty fast. We also use Quickbooks as a hosted product.
Vendor Relationship
• No negotiation
• It is an inexpensive application.
• We spend <$100 per month on it.
• There’s a price per user and a transaction fee.
• It is an inexpensive application.
• We spend <$100 per month on it.
• There’s a price per user and a transaction fee.
Comments
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