SOURCE: Bill.com

Bill.com

July 10, 2013 11:00 ET

Bill.com Announces Winners of Amazing Race Contest, Recognizes Firms Leading the Charge in Bringing Accounting to the Cloud

Imagine Solutions as Well as Krost, Baumgarten, Kniss & Guerrero (KBKG) Recognized for Moving Most Clients to the "No Check CEO" Generation

PALO ALTO, CA--(Marketwired - Jul 10, 2013) - Bill.com, the leader in integrated bill payment, invoicing and cash flow management solutions for businesses, today announced the two winners of the company's Amazing Race contest: Imagine Solutions and Krost, Baumgarten, Kniss & Guerrero (KBKG). The companies were selected for their success in moving the most clients from manual, error-prone traditional accounting processes to the new Cloud-based world of the "No Check" CEO.

"No Check" CEOs are a cadre of business and financial leaders using game-changing technology to replace time-consuming paper processes with fast, efficient cloud-based systems everywhere in their businesses. They and their staff can pay bills, send invoices and reminders, handle approvals, manage documents, and manage cash flow from anywhere at any time. And they're not only eliminating checks -- they're eliminating paper wherever they can, throughout their organizations, resulting in great savings in time and money. For Imagine Solutions Group and KBKG, moving their clients to the cloud has let them build more successful businesses.

Managing Growth, Increasing Business Control

Imagine Solutions Group, a bookkeeping and administrative services firm, manages the books for 14 different clients, which proved hectic. By adopting Bill.com, they have been able to easily add new clients while remaining in full control of the business.

"It was becoming hard to manage the growth," says Miranda Faulkner-Smith, CEO of Imagine Solutions Group. "But thankfully we switched to Bill.com before things became too crazy."

Now, instead of stuffing invoices in an envelope and mailing them to Imagine Solutions, clients scan and upload them directly to Bill.com. Faulkner-Smith gets a notification in her inbox that new invoices are waiting for her. From there, she can go into the system to initiate approvals and payments.

"The workflow and the approvals are so much smoother with Bill.com," Faulkner-Smith said. "Whenever we sign up a new client, the first thing we do is move them to the system. Bill.com is our competitive advantage. It's a way for us to attract more customers."

Saving Money, Reclaiming Time

Similarly, KBKG has a busy restaurant practice, managing accounts payable for about 14 different restaurants. KBKG started its practice in January 2011 and started using Bill.com the same day.

"Without Bill.com, we would not have been able to establish the practice," said Donna Bateman, KBKG accounting manager. "We're a paperless accounting firm. We do everything paperless -- with our clients and in our offices -- and we were not about to begin physically storing register receipts, credit card receipts, and invoices in filing cabinets. If we'd had to deal with all that paper, we'd never have gotten into restaurant management."

"Bill.com makes it easy," said Bateman. "KBKG wastes no time printing checks or stuffing envelopes -- it doesn't spend money on supplies or postage and it doesn't need a staff of people to handle an array of systems, because Bill.com syncs accurately with QuickBooks and other accounting packages the firm uses, like Intacct. In fact, KBKG has exactly one person managing Bill.com for all its restaurant clients."

"We are thrilled to announce our two Amazing Race winners," said René Lacerte, founder and CEO, Bill.com. "One of Bill.com's most powerful features is how simple we've made it for accountants to work with all their clients regardless of location via their own customizable consoles. Our accountant customers have told us again and again how the console has changed the way they work, letting them be more effective and efficient. These two very deserving companies are stellar examples of how Bill.com has changed accountants' lives."

About Bill.com

Bill.com is the home of the fastest-growing business payments network in the nation, enabling 200,000 users to pay and get paid millions of bills worth billions of dollars. The Bill.com Business Payments Network™ brings small-to-medium businesses simple online bill payment, custom invoicing services, unlimited document storage, workflow collaboration, and the ability to access their back office from anywhere via any mobile device. Bill.com's services easily sync to users' accounting software and online bank accounts to better control company financials while also guarding against errors and offering enterprise-class fraud protection that current methods cannot match. Bill.com serves customers through its direct, accountant and bank channels, bringing together people, systems and documents to redefine how business payments are made.

Contact Information

  • For more information, please contact:
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