12/13/12 – Bill.com Opens The Data Behind The Business Transaction With A New Application Platform Powered By Open APIs

By: Alex Williams

Bill.com is opening the
data behind the business with a new application platform powered by
open APIs for third-party developers. The new platform allows developers
to integrate native apps with Bill.com’s software so finance
professionals can access more information from individual customer
transactions in real time.

The new application platform gives third-party developers access to
Bill.com’s open APIs for abstracting the paper and all the manual tasks
that come with managing different forms of transactions. Bill payment,
invoicing, cash management and the associated integrations that come
with Bill.com are now available with third-party apps. Developers may
then offer the integrations on a marketplace managed by Bill.com.

The new integration includes Bill.com’s sync feature, which uses
real-time data to help finance professionals to quickly find
discrepancies and make quick decisions based on the immediacy of the
information that they now have.

Read more here.

Last week was a big week at Bill.com. We have made many great technological advancements in this past year, but our next-generation application platform is perhaps one of our biggest leaps forward. For the first time, we are moving beyond accounting software by offering open APIs that enable developers to natively integrate applications ranging from expense management solution to complete CRM systems with our platform. This is great news for our customers because it means that they can finally have a complete view of all the business processes at work in their companies, empowering them to make decisions quickly and accurately based on real-time data.

It is also great news for the developer community because this is a chance for them to serve an entirely new customer base.  OneSaas has already used our open APIs successfully to build the new Xero integration, for example, and they have much more in store. And it is easy to get started and join the community. Developers just need to visit http://developer.bill.com to download a free kit that will help them easily write to the Bill.com platform using JSON, the easiest, most lightweight data model available.

Alex Williams from TechCrunch wrote about our new platform last week and his article, “Bill.com Opens The Data Behind the Business Transaction With A New Application Powered By Open APIs,” is worth a read because I think he makes clear exactly what we are trying to do with this platform—bring our users more information so they can access data and make transactions in real-time while bringing developers a whole new audience. 

There is one passage from Alex’s article that is especially reflective of what we are trying to achieve:

“Bill.com is a modern data workflow company that is building pipes to filter the great pools of data that, until recently, have largely been cemented in spreadsheets, invoices, etc….Some compare data to oil and the pipes that are used to turn it into any imaginable kind of product that can be produced in a data factory. That’s how I view Bill.com and the ecosystem it is helping to develop.”

We look forward to building our ecosystem with th e developer community. Together we can free data, empower customers, and bring the financial community to the forefront of technological advancements. 

René Lacerte, Founder and CEO, Bill.com

Back by Popular
Demand, Webinar Replay Helps Franchise Owners Use the Cloud

to Transform Their
Operations, Make More Money

PALO ALTO, CALIF.— Dec. 19, 2012 — Bill.com, the leader in integrated bill payment, invoicing and cash management solutions for businesses, today announced that it will offer franchise owners five steps to grow their franchises by five times in a replay of a free webinar on Thursday, December 20, at 11 a.m. PT. Registration is available now at http://cashflow.bill.com/5Steps_122012.html.

This webinar will discuss how cloud computing can help franchise owners use breakthrough cloud technology to transform their operations and make more money. The webinar will feature Peter Biro, multi-unit owner of Five Guys Burgers and Fries and former owner of Naked Pizza stores, who will explain how he uses automated systems to grow businesses without adding any overhead while saving tens of thousands of dollars annually.

Packed with actionable data and useful insights, the webinar will cover how to:

• grow franchise operations;
• keep overhead under control;
• reduce paperwork to the bare minimum; and
• create a cash flow management process that scales.

“Given their geographically dispersed locations, franchises are often victim to unnecessary overhead and paperwork confusion,” said René Lacerte, founder and CEO of Bill.com. “We look forward to sharing some ideas on how deploying a cloud-based solution can not only simplify but improve franchises’ business.”

Bill.com delivers a complete web-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's game-changing technology digitizes a historically paper-based and time-consuming process, allowing users to access online bill payments, e-invoicing, document management, and automated workflow through one easy system. In addition to seamlessly integrating with businesses' existing accounting software programs, Bill.com provides financial leaders with a comprehensive view of their cash forecast – making it the only solution that connects a user's banks, bookkeeping, and business.

As 2012 comes to an end, I am pleased to be
surrounded not just by wonderful family, friends and co-workers, but by a bevvy
of glistening awards. I mention these awards not to brag, but to give thanks to
you, our customers, for making them possible.

2012 was an amazing year for Bill.com. We’ve
grown our customer base rapidly, added major new solutions for the banking
industry as well as our existing finance and accounting customers, enhanced our
platform, and ignited a new developer community. And along the way we have
picked up awards for everything from our innovation to our customer service.

Please know that we are thankful every day
for all of the insight, feedback and straight-out advice that you, our
customers, give us about our business and our solution. You push us to do more,
to dream big. You share in this list of awards. Enjoy—and here’s to going for
gold together again in 2013!

René Lacerte, CEO and Founder

Corporate Awards

• AlwaysOn OnDemand Top 100 Winner
• Best in Biz Awards
• JMP Hot 100 Software Companies

Product Innovation Awards

• Barlow Research Client Conference
  Innovation Showcase Award “Best in Show” 2012
• Business Intelligence Group’s
  2012 Product of the Year
• K2 Enterprise 2012 Quality Award
  for Ease of Use
• CPA Practice Advisor Tax &
  Accounting Technology Innovation Award 2012
• Accounting Today’s Top New
  Products Award
• The Sleeter Group Awesome Add-on
  2012

Customer Service

• American Business “Stevie” Awards
  Finalist

As an
entrepreneur, one of the best parts of your job is coming up with great new
ideas. And, working in the technology industry, some of the most fun comes each
December when you are inevitably asked to speculate on what great new strides
our industry will make in the coming year. While I don’t own a crystal ball, I
do have a lot of years in Silicon Valley under my belt. So I feel confident
that at least some of my predictions will come true this year. 

Without
further ado, I give you my top ten predictions for 2013:

1. Social media will weave itself into the everyday
   lives of people, especially businesses, in a more pervasive way than ever
   before.  I know this may seem obvious,
   but it is worth saying: social is going to become more ingrained this year than
   you ever thought possible.
2. Businesses will have to find ways to be more
   efficient with less, especially given the slow economic growth and the expected
   minor inflation in Q4 of 2013. This means more cloud services, which are known
   for reducing costs, will be utilized and developed.
3. Mobile will firmly insert itself into the
   everyday life of businesses.  Businesses will expect more  apps on their phones that take care of business.
4. Desktop accounting software will continue its
   decline. In fact, the decline will speed up as the benefits of cloud
   (social and mobile in particular) become expected.
5. The iPad mini will accelerate the ebook
   revolution.  Because of this, many more magazines will stop their paper
   versions, especially vertical publications.
6. Investing in social will drop dramatically
   because social simply cannot be monetized as a standalone product. Instead,
   companies with real business models will pick up the social and mobile mantle.
    
7. Our society will become more and more paperless, and
   the products that make this happen will grow faster than other businesses.
8. There will be more collaboration across
   companies.   Faced with economic constraints, companies will learn to use
   the cloud to easily leverage each other’s innovation and intellectual property  The result will be better businesses and
   better solutions.  Companies will come together to solve big business problems.
   And hopefully this spirit of collaboration will even carry to D.C.
9. ePayments will become standard business practice,
   not just because of the paperless benefits mentioned above but because
   ePayments help people work smarter and faster.
10. 2013 will be the year of the business payment network.
    Credit cards will be a thing of the past as a new generation of ePayment-fueled
    business payment networks emerge. I will share more with you on this prediction
    shortly so watch this space.

So, there you have my list. If only half of these
predictions come true, we will see major advancements in 2013. I’m looking
forward to another exciting year and Bill.com is committed to helping drive the
innovation needed to make the promise of the cloud a business reality for financial
professionals everywhere.

René Lacerte, CEO and Founder, Bill.com

Play by your own rules – customize approval policies

You pay a lot of bills. Before paying the big
ones, you want someone to approve them. For the really big ones, you want
several someones to approve (maybe even some particular someones). You aren't
just anyone: you call the shots, you make the rules. Wanna know more? To customize your approval
policies (beta), contact us.

Jump
nimbly – fix ePayment failures 

Typos. New bank accounts. Forgetfulness. They
happen. But if they result in your missing a payment to a vendor, you want to
jump on it. Fast. If you miss making a payment due to an
erroneous vendor bank account number or routing number, we flag it in your To
Do list, ASAP. We email your vendor and tell them exactly what happened. We
email you and explain exactly what to do. Jump nimbly.

Run
secure'r – choose additional security  

We've always got you covered. Now we've added
armor plating. When something catches our attention, we send a security code to
your phone. Then we prompt you to enter the code in your Bill.com account, so
we know everything is OK. The only person who should view and use your
sensitive information is you. Learn more. To set up this additional
security, contact us.

Sync AND swim – connect with Xero

Do your accounting in the cloud with Xero? Syncing brings over
everything from Xero that you need for your payables and receivables: vendors,
customers, products, and details. Syncing also sends your Bill.com payables and
receivables transactions back to Xero, efficiently keeping your accounting
up-to-date. We work together, swimmingly.
 Interested? Currently
sync with another accounting system, but want to move to Xero? Contact us.

Divide
and conquer – keep ePayments separate

Schedule a lot of ePayments to the same vendor?
If you schedule them for the same day, we’ve always combined the payments and
made one electronic transfer to your vendor.
But sometimes you want to send
separate ePayments. Maybe you (and your vendor) like the simplicity of
reconciling specific bills with specific ePayments. Whatever the reason, we now
give you a choice: make specific payments on separate electronic transfers, or
combine payments onto one ePayment. When it comes to dividing, you do the
deciding. Learn more.

Product
Team Chat - 

We're trying something new! To reach as many of
our amazing customers as possible, we've decided to host an open chat session
with our product team (instead of our usual webinar). Get to know us and
Bill.com better. Sign up now!

Both Companies Recognized with The Sleeter Group ‘Awesome Application’ Award Recognizing Integration, Ease-of-Use & Design

THE SLEETER ASC CONFERENCE, Anaheim, CA. (Oct. 22, 2012) – 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. 

The Cloud | October 18, 2012 | CFO.com | US

Some CFOs Still Find Cloud Ominous

A new survey says most CFOs are aware of the cloud’s benefits, but still resist making the move. What’s up?

A survey of 350 CFOs conducted last summer by software-as-a-service (SaaS) cash-flow operations firm Bill.com found that when CFOs automate their accounts-payable process in the cloud, the AP department cuts its work time by more than half, and slashes the cost per invoice by up to 70%.

Click here to read the full article. 

When you are an entrepreneur, people often
assume that what drives you is the thrill of the game, the business of creating
a new business, the excitement of raising money and convincing others to back
your idea. But I think if you asked most entrepreneurs why they build
companies, the answer would be more straightforward: entrepreneurs build
businesses because they like solving problems. They strive  to bring their customers something that they
don’t just like, but something that they need. And maybe—if they are good
enough—something their customers truly love. 

Bill.com is blessed with having a cadre of
passionate, prolific and powerful customers. We couldn’t ask for better brand
ambassadors than you. And, once again, you have supported us this week and we have
won, for the fourth time in a row, an Awesome Application award from The
Sleeter Group.

We cherish this award not just because The Sleeter Group is awesome itself, but
because it shows us that our customers are loyal—and happy—enough to go out and
vote for us. And, beyond any other kind of recognition, your vote is what tells
us that we are doing something right.

So, in this national election season, we are
thankful for winning our own little election. We look forward to continuing to
serve you, our customers, and continuing to make Bill.com the most powerful
solution on the market. And—while you may wonder the sincerity of all those
other speeches we are being inundated with on a daily basis about now—know that
our thanks are sincere and our commitment is unwavering. We look forward to
delighting you in the years to come. 

- René Lacerte, CEO and Founder

In a day and age where people pay with their
phones to get their morning coffee, it’s sometimes hard to believe that writing
checks at the grocery store was once an everyday occurrence and not just an
incredible headache (if you are the person behind the check-writer in line). It
is almost strange to think that once most people carried their checkbooks in
their wallets. And that once upon a time automatic deposit was a revelation…and
a bit scary.

But not now—and not for the next generation
of CEOs. Forget automatic deposits. Forget paperless file storage. This new
generation of CEOs are on to something far bigger—check-less businesses.

W. Michael Hsu, founder and CEO
of DeepSky, an outsourced accounting services boutique, has built his entire
business around his virtual, paperless team of accountants.  And the 28 year-old Hsu, who has never
written a paper check for his business, will only work with companies willing
to move their entire operations to Bill.com.

Michael is a forward-thinker, for
sure, but he is far from alone. As a new generation that works more on their
phones than at their desks emerges, paper simply isn’t practical.  Michael has geographically dispersed employees
and clients. Writing paper checks just wouldn’t make sense for anyone as it
would involve Fed-Exing checks, having paper stock in multiple locations, and many
more small but significant logistical challenges.

Michael tells a great story of a
client team desperately trying to track down a CEO to complete a transaction as
soon as possible. They finally found the CEO and he was able to access and
approve the transaction in time—and from a line at Disneyland. In a paper-based
business, this just wouldn’t be possible.

Business today is conducted
everywhere at any time. I know, as a CEO myself, if I want to cut a check, I
want to be able to do it wherever I might be, and I don’t want to wait around
for paper stock to get Fed-Exed to my hotel room. If you think about it, we
live in a digital age, why are we still manually writing checks?

So kudos to Michael and this new generation of CEOs for leading their way. They
represent a revolution in how business is being done. And, yes, as I have said
before and firmly believe, the revolution will indeed be paperless.

Learn more about Michael in our upcoming webinar "The No-Check CEO" on Nov. 1. You can register here.

- René Lacerte, CEO and Founder

Customers, Friends and Family,

AICPA has cancelled the Digital CPA conference scheduled for 10/28-30 due to weather on the east coast. The conference will be rescheduled for December 5-7 and we will keep you updated.

Excerpt from Small businesses tap into cloud for efficiency – by Roger Yu, USA TODAY

"…..With
a niche focus, developers can also breed innovations that weren't
possible with software that came in boxes, such as integrating the
functions of other software by using open developer tools, says Rene
Lacerte, CEO of Bill.com, which specializes in billing.

On
Bill.com, users can tap into banks' online banking tools and other
broader accounting suites, such as Intacct and Quicken. "In the last 10
years, the cloud changed the paradigm about how software is built,"
Lacerte says.

Read the full article in USA Today. Click here.

Banks Can Now
Seamlessly Integrate Bill.com’s Cash Flow-Centric Banking Solution with Their SMB Offerings

Boca Raton, Fla., 17^th ANNUAL SMALL BUSINESS BANKING
CONFERENCE— Nov. 7, 2012 — Bill.com, the leader in integrated bill payment, invoicing, and cash
management solutions for businesses, today introduced the
next major milestone in its banking platform. Bill.com has added broad
integration capabilities to its cash flow-centric banking platform for banks
and their small and mid-size business (SMBs) customers. Bill.com enables banks to develop additional
revenue streams and increase customer acquisition and retention by offering
business customers a powerful accounts payable and accounts receivable service. More than 100,000 companies are now getting paid and paying millions of
bills, worth billions of dollars, using Bill.com.  Bill.com is the only solution that empowers
businesses to have full command and control over their cash flow at any time,
from any location or device.

Current business
banking solutions are limited to transactional payment processes. This leaves
businesses of all sizes with the need to use disconnected bill payment and
accounting solutions to gain control of their finances. The result is a
cumbersome process plagued by inefficiencies, security risks, and errors. In contrast, Bill.com is the only solution that puts banks at the
core of their customers’ business. 
Bill.com allows banks to integrate the Bill.com solution with their own
platform, creating their own branded offering. Bill.com empowers banks to own
the entire cash flow management process—from payables and receivables, to cash
flow visualization. Bill.com makes banks the focal point for all of their
customers’ transactions, letting banks monetize the full cash management
process while solving a significant pain point for SMBs by finally automating
and connecting all of their financial processes. 

“Just as CheckFree helped banks revolutionize the consumer payments
industry, Bill.com is now enabling banks to do the same for their business customers’
cash flow management and payments processes,” said Mark Johnson, former Vice
Chairman of CheckFree Corporation and current Bill.com board member. “Bill.com understands the problem banks have faced trying
to cobble together a business solution from their consumer offerings. Bill.com
has fixed the problem via an integrated, efficient platform that helps banks
win customer loyalty and brings them the ability to earn additional revenue.”

The
Bill.com Banking Platform is based on six key components,
all of which offer new and unique features. With this newest release of the
Banking Platform, Bill.com has enabled API
access to each of the components of the platform.  These APIs enable banks
to seamlessly integrate with their banks’ SMB offerings, giving SMBs a
seamless, cash-flow centric approach to running their businesses.

These components
are:

• Authentication:  Bill.com offers single sign-on and
  multi-factor authentication (MFA), meaning customers can gain access to their cash flow management control
  center anytime they log into online banking.  Using their bank’s
  authentication, their critical financial information is easy to access and
  secure.  The MFA framework enables the
  highest levels of security to enable business processes and secure payments.
• Entitlements: Entitlements govern the information
  employees and accountants have access to and the functions they can perform,
  such as approving bills and making payments. Bill.com alone provides
  out-of-the-box roles and permissions, while also enabling customers to create
  their own to suit their unique controls. It takes just a few clicks for payees
  and customers to be set up.
• Business Objects: Through the Bill.com
  platform, banks can offer their clients robust payables, receivables, cash flow
  management, document management, and workflow applications. Now they can also integrate
  Bill.com objects into their business banking services, using the company’s next
  generation API, based on JSON. The API gives banks an unprecedented ability  to customize business objects, incorporate them into their own user interface,
  and easily change them as the bank platform grows and changes. Bill.com’s
  extensive business objects enable banks to tailor and support their cash-flow
  centric platform like never before.
• Business Systems Integration: Bill.com integrates with all popular
  accounting packages so all your customer’s data is accurate and synchronized,
  and all of their existing financial processes and reports carry on as usual.
  Through advanced two-way synchronization, Bill.com eliminates the
  time-consuming and error-prone tasks of keeping all these various systems in
  sync. This sync process is superior to other solutions, which simply import and
  export data. As the Banking Platform expands, Bill.com will also be adding
  integration with a variety of other business systems in order to enhance
  companies’ overall cash flow control.
•  Payment
  Processing: Through Bill.com, banks can provide their clients a convenient
  and secure means through which they can send, receive, and reconcile payments
  across multiple payment channels, including ACH, checks, wire transfer, and
  credit card payments.  The Bill.com Bank
  Platform integrates with banks’ existing payment systems, to further leverage
  these investments.
• Payment Network: Bill.com offers a secure business
  network designed specifically for the needs of SMBs.  Through Bill.com’s cloud-based portals and
  payee directory, business can securely interact and transact with their
  customers and vendors.  They can exchange
  business documents, notes, eBills, eInvoices, and remittance information
  electronically to enable greater efficiency and convenience in traditionally
  cumbersome, paper-based processes.  The
  Bill.com network makes it easier for bank clients to connect and transact with
  their partners, vendors and customers while allowing the bank to capture a new
  source for fee-based revenue.

“Bill.com has
already revolutionized how small and mid-sized businesses work and now we are
transforming how they bank,” said René Lacerte, founder and CEO, Bill.com. “We built the Bill.com Banking
Platform based on direct feedback from banks, who told us that their current
systems just couldn’t meet their business customers’ needs. We are glad to be
helping banks turn the old banking paradigm on its ear, by making banking solutions
cash flow centric. The result will be banking solutions that work the way
businesses do.”

About Bill.com’s Banking Solution

The Bill.com cash flow command and control
system is the only solution that makes banks the core of their customers’
business. By allowing banks to integrate the Bill.com solution with their own
platform, Bill.com empowers banks to own the entire cash flow management
process—from payables to receivables to cash flow visualization. Bill.com makes
banks the focal point of all their customers’ transactions, letting banks
monetize the full cash management process while solving a significant pain
point for SMBs by finally automating and connecting all of their financial
processes. The award-winning Bill.com platform is being embraced by banks
because it creates significant new revenue streams while enhancing customer
loyalty and satisfaction. For more information, please visit http://www.bill.com/for-banks.

Company Named Top Winner in the ‘Support Department of the Year’ Category

PALO ALTO, Calif. — Nov 15, 2012 – Bill.com, the leader in integrated bill payment, invoicing and cash management solutions for businesses, has been named a gold winner in the Support Department of the Year category of the Best in Biz Awards, the only independent business awards program judged by members of the press and industry analysts.

Bill.com delivers a complete web-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’s innovative technology digitizes a historically paper-based and time-consuming process, allowing users to access online bill payments, e-invoicing, document management, and automated workflow through one easy system. In addition to seamlessly integrating with businesses’ existing accounting software programs, Bill.com provides financial leaders with a comprehensive view of their cash forecast – making it the only solution that connects a user’s banks, bookkeeping, and business. Bill.com empowers finance leaders to get paid 2 to 3 times faster and save over 50% of the time spent paying bills – all with unprecedented control, precision, and security.

More than 400 entries were received in this year’s awards program, from a wide array of public and private companies of all sizes and from a variety of industries and regions in the U.S. and Canada. Best in Biz Awards 2012 honors were presented in more than 50 categories, including Company of the Year, Most Innovative Company of the Year, Executive of the Year and Best New Product of the Year.

“We are pleased to be named a gold winner in the Best in Biz Awards, especially in the category of ‘Support Department of the Year’ since customer satisfaction is one of the most important asset any business can have,” said René Lacerte, founder and CEO, Bill.com. “We constantly strive to deliver superb service to our customers, and are pleased to see that our hard work is paying off for our customers.”

Winners of Best in Biz Awards 2012 were determined by an independent panel of 32 judges from top-tier news, business and technology publications, as well as broadcast outlets and analyst firms, such as ABC, Businessweek, Computerworld, ECT News Network, Entrepreneur, eWeek, Examiner, Financial Times, Forbes, FOX News, Hartford Business Journal, IDG Ventures, IEEE Institute, Inc., Insight Media, King Features Syndicate, Lab Reviews, Network World, The News and Observer, PC Magazine, ReadWriteWeb, South Florida Business Journal, Tech-Gaming, Techtalk, Upstart Business Journal, USA Today and ZDNet.

For a full list of gold, silver and bronze winners in Best in Biz Awards 2012, visit: http://www.bestinbizawards.com/2012-winners.

About Best in Biz Awards

Best in Biz Awards recognizes top companies, teams, executives and products for their business success as judged by independent panels of members of the press and industry analysts. Best in Biz Awards honors are conferred in three separate programs during the calendar year: U.S. and Canada, EMEA, and International. Any organization from any industry boasting demonstrated success in the awards program’s region can enter any of the more than 50 company, department or team, executive and product categories. Entries for Best in Biz Awards 2013 EMEA are being accepted from all companies based in or operating in Europe, Middle East and Africa until January 17, 2013. For more information about the entry process and categories in all three programs, please visit: http://www.bestinbizawards.com.

Receive thanks from any key vendor – mail separate checks

Schedule a lot of payments by check
to the same vendor? If you schedule them for the same day, we’ve always
combined the payments and mailed one check to your vendor.

But sometimes you want to mail
separate checks. Maybe you need a separate check for a tax payment. Or you (and
your vendor) like the simplicity of reconciling specific bills with specific
checks. Whatever the reason, we now give you a choice: make specific payments
on separate checks, or combine payments onto one check.

What
about the email that went to the vendor for each payment?  If you scheduled a lot of payments for the
same day to the same vendor, they received a lot of email (even though they
received only one check). Now we’ll send one email for each check. So if you
mail separate checks, a vendor still receives separate email confirmations. If
you combine payments onto one check, a vendor gets one email.

Your
vendors will give you thanks.

Do our improved Approvals meet with your approval?

Approve bills. Easier. Faster. Simpler. Cleaner.

• Add approvers directly to a bill. Previously, you had
  to step through several pages. Now it’s easier.
• Click Approve (instead of My Bills) on the Payables
  tab. We’ve renamed My Bills to Approve. With a more obviously intuitive name,
  you actually know where to click! Now it’s faster.
• Fix denied bills from your To Do list. Customize
  specific user roles to resolve bills (and vendor credits) that have been
  denied. Previously, if an approver denied a bill you’d entered, the bill
  appeared on the Payables tab > My Bills. Now it’s simpler.
• Assign one set of approvers to bills that are split.
  We’ve removed multiple sets of approvers for split bills. That allowed us to
  tidy things up. Now it’s cleaner.

We think you’ll approve.

See the last 5 payments to any vendor

Previously, you had to dig through
each bill to find a specific payment to a vendor. Now, see the last 5 payments
to any particular vendor with no digging whatsoever. So put your shovel away
until you need to clear snow from the driveway.

Send your customers a message right from Bill.com

Have an urgent message for a
customer? What if they have a question for you? Exchange messages directly with
any customer, from your Bill.com account to the customer website where they
sign in to pay you. It’s quick. It’s easy. And best of all, you get a permanent
record of all your exchanges. Keep it all together in your Bill.com account.

Outside these customer
conversations, ever need to jot down something about a customer? Their favorite
product? Their birthday? Their purchasing habits? We’ve moved these notes front
and center. Actually, they’re front and a little off to the right. But they’re
right where you need them.

We’ve copied these note-able improvements to Payables, too, so
it’s easy to store notes about your vendors.

The Bill.com experience – well, that’s obvious

We strive to make your payables and
receivables as obvious as possible. Hopefully our most recent improvements make
the experience so obvious that we don’t even need to explain! But just in case
you forgot how it was in the old days (last week), here are a couple
highlights:

• We’ve cleaned up the
  pop up (modal) dialogs, which hold things like your bills and invoices. We’ve
  made it clearer to get to them, and easier to get around inside them.
• We’ve added some
  consistency to links and buttons: links take you to another page, buttons make
  something happen.

Why bother? Because when you know
what to expect, you get things done faster. That leaves more time for your
business, and more time for yourself.

Sync with Xero effort

Do your accounting in the cloud with Xero? Paying bills and
invoicing customers just got a lot easier for you, because we now sync with
Xero.

Syncing brings over everything from Xero that you need for your
payables and receivables: vendors, customers, products, and details. Syncing
also sends your Bill.com payables and receivables transcations back to Xero,
efficiently keeping your accounting up-to-date.

Keep using Xero for all your accounting, and Bill.com to pay
bills and invoice customers. We’ll keep everything in sync. In the cloud.

It’s been another great year for the Bill.com
family. We’ve gained new customers, made major technological strides, offered
new solutions, and entered new markets, like banking. And we’ve had fun doing
it—which is such an important but often forgotten part of work and, for that
matter, life.

I’m looking forward to spending a wonderful
Thanksgiving with my family and friends, for which I am incredibly grateful.
But, before the turkey coma sets in, I wanted to share a few other things that
I am grateful for this Thanksgiving day.

• First, last, foremost and always,
  I am grateful for our customers. I just finished reading the comments from our
  annual Net Promoter Survey. I loved seeing all the comments about how we are
  making folks’ lives easier, simpler and more convenient. But I also loved
  seeing the great honest comments about what we can do better. I am so thankful
  that our customers take the time to tell us where we excel and where we need
  some work. It’s thanks to customers who care enough to give us feedback that we
  can keep moving the ball forward.
• I am extremely fortunate to be
  surrounded and supported by an amazing team. 
  They are passionate, dedicated and committed to everything we do.   Every
  day folks go to work to make a difference and every day they do. You only have
  to read the Net Promoter survey to see that our employees help customers daily
  with product innovations and great support. Well done, team.
• Finally I am glad that the
  election is over. Maybe this isn’t a politically correct thing to say, but it
  feels like our nation has been on hold in many respects for the last few
  months. Regardless of whether or not you like the outcome, we can finally stop
  listening to the commercials, pundits and hype, and get back to work solving
  the problems we have.

We have
much to be grateful for, including where we live and the time we live in.  Pausing to give thanks is always good to do.  As you each take time off, I thank you for
reading and hope you enjoy peace, family and laughter on this Thanksgiving day.

René Lacerte – Insights From a Fourth-Generation Entrepreneur.

CPA Advisor Executive Editor
Darren Root sits down with René Lacerte to talk about his background, how he has
grown two successful businesses and what he sees as the future of technology in the accounting profession.

Read the Cover Story here: http://go.bill.com/fIFdF

Webinar Will
Illustrate How To Become a “Strategic CFO”

By Using The
Latest Technology To Deliver The Highest Strategic Value

PALO ALTO, CALIF.— Dec. 4, 2012 — Bill.com, the leader in integrated bill payment,
invoicing and cash management solutions for businesses, today announced that it
has teamed with leading cloud financial management company Intacct to explore how
the new generation of “Strategic CFOs” can free themselves of mundane tasks and
use cloud computing to deliver the highest strategic value to their businesses
in a free webinar. “How Cloud Computing Changes the Game for CFOs,” will be
held Thursday, December 6, at 11 a.m. PT. Registration is available now at http://online.intacct.com/20121206WebinarStrategicCFO_billcom.html.

Up-and-coming “Strategic CFOs” are using
game-changing advances to automate manual processes and deliver unprecedented
visibility into business performance – freeing their time and providing more
rich information than ever before to fulfill their new role as emerging
business leaders. This webinar features Marc Linden, CFO, Intacct, and joint
Bill.com/Intacct customer Stacey Lee, CFO, Earth Class Mail.  Sponsored by Bill.com, it will teach attendees
how to:

• seize the opportunity to assume a larger role
  in their organization;
• boost the productivity of their finance team;
• speed up competitive response with instant
  visibility into critical data;
• free their IT and capital resources to focus
  on their core business; and
• scale and adapt to growing business needs
  easily and cost-effectively.

“Technology has
the power to transform the CFO role, finally freeing these critical corporate
thinkers from mundane tasks and giving them time to make meaningful business
decisions,” said René Lacerte, founder and CEO
of Bill.com. “We are pleased to team with our strategic partner Intacct on this
webinar, and look forward to sharing some great ideas and hearing first-hand
success stories from the vibrant CFO community.”

Bill.com delivers
a complete web-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's game-changing technology digitizes a historically
paper-based and time-consuming process, allowing users to access online bill
payments, e-invoicing, document management, and automated workflow through one
easy system. In addition to seamlessly integrating with business' existing
accounting software programs, Bill.com provides financial leaders with a
comprehensive view of their cash forecast – making it the only solution that
connects a user's banks, bookkeeping, and business.  

Bill.com, the leader in integrated bill payment, invoicing, and cash management solutions for businesses, today announced that it is now offering its popular integration with QuickBooks Online to those using QuickBooks Pro, Premier, and Enterprise. Now even more QuickBooks users can seamlessly integrate Bill.com into their financial management systems and create tailored solutions for their distinct needs.

By integrating Bill.com directly into QuickBooks, small businesses can easily deploy Bill.com, taking advantage of the tools, information, and collaboration required to better manage their financial tasks and optimize cash flow. It requires just one click installation from the Bill.com page on the Intuit App Center for any compatible version of QuickBooks. Users can get started in seconds, they just click “Try It Now” and it brings all their bills to Bill.com, and starts paying them online. Also, Bill.com automatically syncs payables and receivables data.

“Bill.com has been a leading solution on our platform, receiving strong positive customer feedback, so we are excited it is now available to even more small businesses,” said Alex Chriss, director of the Intuit Partner Platform. “Allowing our millions of users to fully and easily personalize QuickBooks with Bill.com gives them not only a superior financial management solution but lets them spend more time growing their business and less time chasing down transactions.”

Bill.com delivers a complete web-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's innovative technology digitizes a historically paper-based and time-consuming process, allowing users to access online bill payments, e-invoicing, document management, and automated workflow through one easy system. In addition to seamlessly integrating with businesses' existing accounting software programs, Bill.com provides financial leaders with a comprehensive view of their cash forecast – making it the only solution that connects a user's bank, bookkeeping, and business.  Bill.com empowers finance leaders to get paid 2 to 3 times faster and save over 50% of the time spent paying bills – all with unprecedented control, precision, and security. 

“Intuit and Bill.com share the common goal of bolstering small businesses’ productivity by easing their financial management burdens,” said René Lacerte, Bill.com founder and CEO. “As a long-time top performing app on the Intuit App Center, we are excited to make it even easier for small businesses to integrate our leading solutions together, letting business owners focus their minds on more important matters.”

This
week, I am pleased to announce our further integration with Intuit’s QuickBooks product line, including QuickBooks Online, QuickBooks Pro, Premier and
Enterprise. I’m pleased not just because this means QuickBooks’s more
than four
million SMB customers have an even easier way to integrate Bill.com into QuickBooks,
but because this is the culmination of two great companies sharing the same
laser focus on developing for their customers.

At
Intuit’s core, they listen to customers and develop for them. I learned this
during my five years on the product management team at Intuit, and I have been
impressed as their focus on customers has remained constant even as they have
added new types of customers.

In
the last few years, with the Intuit Partner Platform, Intuit has added
developers like Bill.com to their list of customers. Over the past four years,
we have worked closely with Intuit as they have developed their app platform.
Our feedback has been critical and well received. When we first started working
with them, Intuit was still trying to figure out how to open up the APIs and
distribute the resulting apps. They knew they wanted a platform ecosystem,
but were new to building one.

But
they are learning. And this is because of one important fact about Intuit: they
don’t just study their customers, they follow them home. In the case of
developers, they have come to our office to learn and strategize next steps. I
feel they are listening and doing their best, even though they may not be as
nimble as a start-up. In fact, last year Intuit invited me to speak at both
their CEO and management offsites, which focused on how to be a good partner to
developers. I respect their commitment to always learn more and mine all they
can from their developer relationships.

Through
their dedication with making their customers happy, Intuit has built a great
platform and we are glad to be a founding—and vital—part of it. Like Intuit,
listening to our customers is at the very core of our values. We look forward
to your thoughts on this newest integration with Intuit. And we promise to
continue focusing all of our efforts on bringing you, our customers what you want
and what you need to be successful.

René Lacerte, Founder and CEO