SOURCE: Xero

Xero

Xero

October 22, 2012 13:00 ET

Xero and Bill.com Enable Integration, Ease Transactions and Cash Management for Small to Medium Businesses

Both Companies Recognized With The Sleeter Group 'Awesome Application' Award Recognizing Integration, Ease-of-Use & Design

ANAHEIM, CA--(Marketwire - Oct 22, 2012) - THE SLEETER ASC CONFERENCE -- Xero, a global leader of online accounting software, and Bill.com, the leader in integrated bill payment, invoicing and cash management solutions for businesses, today announced the upcoming integration capability between their accounting solutions, making it even easier than ever for accounting professionals and their clients to conveniently and securely collaborate while gaining better control and insight into their financials. Additionally, today both cloud-based solutions were recognized as "Awesome Applications" at the 2012 Accounting Solutions Conference (ASC) hosted by The Sleeter Group, a company dedicated to finding the best accounting technology solutions to help small businesses work smarter, faster and more efficiently.

"As the leader in global cloud accounting, Xero understands how important it is for SMBs and their accounting partners to stay on top of their accounts payable and receivable," said Jamie Sutherland, President of U.S. Operations for Xero. "Bill.com streamlines the process in such a simple (and paperless) way, so similar to Xero's easy-to-use accounting solution. Early on we saw this as a mutually beneficial opportunity." 

Through the integration with Bill.com, Xero users will be able to:

  • Go paperless. Clients receive bills online and never have to print, sign, and mail checks.
  • Get unlimited document storage for all bills and documents.
  • Automate the approval process.
  • Pay bills electronically with no duplicate data entry.
  • Manage their clients' invoicing process to help them get paid faster.
  • Access cleared check images and remittance information.
  • View accrued, actual and projected cash flows in real-time.

"We built Bill.com to ease financial professionals' lives and increase their success," said René Lacerte, founder and CEO of Bill.com. "Integrating with Xero's excellent solution was a natural way to make SMBs and accountants' financial management even more seamless and powerful."

Xero's online accounting software provides small business owners real-time visibility into their financial position in a way that's simple, smart and secure. Xero also helps accounting professionals serve their clients by enabling unparalleled online collaboration with clients, colleagues and prospects -- and the ongoing insight helps them provide better counsel to customers.

Bill.com delivers a complete cloud-based financial solution for businesses and accountants that provides the tools, information and collaboration required to better manage their financial tasks and optimize cash flow. Bill.com brings accountants the only client service solution that works with all major accounting software and every online bank. Bill.com eliminates paperwork and streamlines AP, AR and cash flow management for accountants and their clients, flexibly configuring to the way accountants work and tailors to each client's needs. In addition, Bill.com's cloud-based AP and AR systems, combined with Bill.com's cash flow command and control system, offer the first full picture of a business's complete cash flow system and empowers businesses and their accountants to get paid two to three times faster and save over 50% of the time spent paying bills -- all with unprecedented control, precision, and security. 

About The Sleeter Group
As the largest network of small business technology consultants, The Sleeter Group has members throughout the United States, Canada and the Caribbean. The awards were formally announced on October 22 at the 2012 Accounting Solutions Conference in Anaheim, CA. The annual event draws hundreds of accountants, bookkeepers, consultants and IT professionals, providing them with educational opportunities presented by industry experts, thought leaders and technology developers. http://www.sleeter.com/

About Bill.com
Bill.com is a cash flow command and control system that manages accounts payable and receivable for businesses of all sizes. Offering online bill pay, custom invoicing services, unlimited document storage, collaboration tools, and mobile access, Bill.com's services easily sync to users' accounting software programs and online bank accounts to better control company financials. Bill.com guards against errors and employs enterprise-class fraud protections that current methods cannot match. More than 100,000 users are now getting paid and paying millions of bills, worth billions of dollars, using Bill.com. Financial institutions can now offer these benefits to their business customers by integrating Bill.com with their banking platform. http://www.bill.com/

About Xero
Xero is beautiful, easy to use online accounting software for small businesses and their advisors. The company has over 100,000 paying customers and 200,000 users in more than 100 countries around the world. Xero's US team is based in San Francisco. http://www.xero.com/

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