SOURCE: Bill.com

November 11, 2008 07:00 ET

Bill.com Wins 'Awesome Add-On' Award for QuickBooks

The Sleeter Group Award Honors Superior Ease-of-Use, Design and Integration; Bill.com Also Achieves Intuit Gold Developer Status

PALO ALTO, CA--(Marketwire - November 11, 2008) - Bill.com, Inc., the leading provider of on-demand accounts payable applications, today announced it has received an 'Awesome Add-on' award for 2009 from The Sleeter Group, the nation's premier network of QuickBooks® consultants. Singled-out by a team of Sleeter Group QuickBooks experts from more than 400-plus QuickBooks add-on products, Bill.com was recognized for its one-click, two-way synchronization with QuickBooks, which gives CPAs and small business finance executives a simple, cost-effective solution for paying bills and managing cash flow.

The award, which was formally presented to Bill.com this week at The Sleeter Group's annual accounting software consulting conference, follows Bill.com's announcement in September that it had enhanced integration to QuickBooks, giving users new tools for managing their money and more tightly aligning accounts payable with other accounting processes. In related news, Bill.com announced today it has been certified as a QuickBooks Gold Developer. The QuickBooks Gold Developer program is designed for developers who are actively selling applications that work with QuickBooks and whose applications help small businesses maximize their investment in QuickBooks.

Bill.com automates the critical tasks that consume CPAs and small business finance executives, including accounts payable approval processes, financial document management, cash management, bill payment scheduling, check writing and advanced fraud protection. Its secure online system eliminates paper from these processes, making it easier and less costly for users to route, approve, pay and file bills, and track these activities from anywhere, anytime, via an Internet-connected computer.

"Bill.com is 'Awesome' because it fills a need that many QuickBooks users have in deploying a paperless bill approval process and utilizing business-class online bill payment," said Doug Sleeter, founder of The Sleeter Group. "As the most used small business accounting software, there is an incredible demand from users for the software to do just about everything. Products such as Bill.com are essential to many businesses to provide key functionality."

Mr. Sleeter also noted that, "Out of more than 400 add-ons for QuickBooks available on the market and through the Intuit QuickBooks Developer Network, Bill.com was one of only seven selected as an Awesome Add-on for 2009 because of its superior integration with QuickBooks, overall design, outstanding features and conformance with appropriate accounting standards."

The Awesome Add-on award recognizes the most impactful tools for helping small businesses and CPAs optimize their investment in QuickBooks. The Sleeter Group staff considers several factors when evaluating vendors, including:

--  Design, implementation and features
--  Integration with QuickBooks using best practices of the QuickBooks SDK
    programming guidelines
--  Appropriate use of transaction types and field population for
    recording data into QuickBooks so as to preserve and/or enhance the
    standard reporting features in QuickBooks
--  Conformance to good accounting principles and operating standards
    

"Bill.com is honored to receive the QuickBooks Awesome Add-on award from The Sleeter Group," said Rene Lacerte, CEO and founder of Bill.com. "We've worked tirelessly to create a solution that helps QuickBooks users manage their cash flow better by enabling a paperless approval workflow between financial and non-financial personnel, offering true business-class online bill payment services, and providing end-to-end visibility into financial transactions and documents -- all accessible anytime and anywhere, through our online, on-demand offering. That Sleeter Group -- whose status in the QuickBooks community is unmatched -- has recognized Bill.com as 'Awesome,' is testament to the application's ability to enrich the value of QuickBooks for small businesses and CPAs."

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 solution. Digital images of invoices are then routed electronically for approval, ensuring a complete audit trail and eliminating lost or mishandled paper. Users can access digitized supporting documents such as current and past bill images, cleared check images and contracts, at every step in the process, from anywhere, at any time, over the Internet. Bill.com handles check printing and mailing, 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. For more information, visit www.Bill.com or watch the Bill.com Video (http://www.youtube.com/watch?v=Mv-fFtSqmoE).

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