What is Bill.com?
Founded in 2006, Bill.com is an online bill payment platform for small and medium-sized enterprises. Users can receive, send and pay invoices through the Internet. It mainly cooperates with startups, accounting firms and banks to reduce the time they spend on back-end financial management operations.
Bill.com is the solution of choice for more than 60 of the top 100 accounting firms in the U.S. and a trusted partner for 4 of the top 10 banks.
What products and services does Bill.com offer?
1. Bill.com not only has an application programming interface (API) that can connect to banks, but also to accounting services. The service helps customers collaborate to build connections around partner ecosystems and application partners, all of which are connected through a network of data pipelines. After that, the vast majority of data on company balance sheets, invoices, and other traditional back-end revenue was consolidated.
2. Bill.com can not only be used to pay bills, but companies can also use it to pay salaries to independent contractors (informal employees). Users can use its app on iOS or Android, or visit its website directly. Its interface tells you which bills you've received, which have been acknowledged or paid, and which bills are overdue.
3. Providing services for payment, collection, and cash management is actually the core of what a company provides to its customers. Partnerships with accounting firms and banks have brought Bill.com 3 million users. In 2017, Bill.com announced a partnership with JPMorgan Chase, which will use Bill.com's white label products as its own B2B payment solution.
Bill.com integrates popular desktop and on-demand accounting packages to ensure consistency of financial data and streamline financial planning, reporting, and auditing activities.
5. In terms of profitability, the SaaS service provided by Bill.com charges customers a monthly subscription fee, which ranges from approximately US$29 to US$100. It also makes a profit by charging a handling fee.
This is the end of the introduction to Bill.com in this issue. If you want to get more information about Bill.com, please continue to pay attention~
