SOURCE: Bill.com

Bill.com

March 22, 2010 13:00 ET

Bill.com Selected to Showcase Latest Bill Management and Payment Technology at FinovateSpring 2010 Conference

Online Financials Leaders Will Also Demonstrate Forthcoming Accounts Receivable Functionality

PALO ALTO, CA--(Marketwire - March 22, 2010) - Bill.com, the leader in online bill management and bill payment for small and midsized businesses (SMB) and CPA firms, today announced it was selected as one of thirty-six vendors to showcase current and upcoming product innovations at the FinovateSpring 2010 conference in San Francisco, California, on May 11. Bill.com will demonstrate the company's award-winning bill management and bill payment solutions as well as soon-to-be-released accounts receivable functionality.

Since 2007 Bill.com has been transforming the way SMBs, CPA firms and their clients manage and pay bills online. At FinovateSpring, Bill.com will showcase its paperless Software-as-a-Service solution for SMB cash management, including multi-user online payables with automated workflow, and state-of-the-art ePayments that can be made to any vendor using the secure Bill.com Payment Network. Bill.com will also introduce its newest online receivables functionality, which is due for release later this summer.

The combined payables and receivables solutions provide business owners and accountants with powerful tools to manage day-to-day financials online, while remaining synchronized with popular accounting packages such as QuickBooks and Intacct.

"We are excited to showcase Bill.com's newest capabilities at FinovateSpring," said Eric Mattson, CEO of Finovate Conferences. "The financial and billing side of running a business is incredibly challenging and ripe for innovative solutions like Bill.com." 

"We think FinovateSpring 2010 is a great venue to talk about easy to use, low-cost online tools that automate and simplify financial activities that companies deal with every day," said Rene Lacerte, founder and CEO of Bill.com. "I'm particularly excited to preview the Bill.com receivables solution which will allow businesses and their financial advisors to perform all of their day-to-day cash management functions online while remaining synchronized with their accounting system." 

Bill.com sells its online financial solutions direct to SMBs and to CPA firms through a strategic partnership with CPA2Biz, a subsidiary of the American Institute of Certified Public Accountants (AICPA). CPA2Biz is the exclusive provider of Bill.com solutions to the accounting profession. 

About FinovateSpring 2010

FinovateSpring is a spin-off of the original New York City based FinovateFall event, the first demo-focused conference for financial-focused technology companies. Both Finovate events are organized by Online Financial Innovations (OFI), a banking technology research firm based in Seattle, Washington. Founded in 1995, OFI is best known for its research publication Online Banking Report and its popular blog NetBanker.com. 

About Bill.com

Bill.com is an on-demand accounts payable 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 a 2009 Innovation Award from CPA Technology Advisor, a 4-star rating from PC Magazine, and was recently named to the Red Herring Global 100. 

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