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!

Recognized in Best Software as a Service Category

Palo Alto,
Calif.— Jan. 16, 2013 — Bill.com,
the leader in integrated bill payment, invoicing, and cash management solutions
for businesses, today announced it has been named a winner in the Best Software
as a Service category of the 2012-2013 Cloud Awards Program.

The cloud
computing awards program accepts entries from organizations of any size –
from enterprises to start-ups – in the US and internationally, with an aim to
celebrate excellence in the field of cloud computing.

“Bill.com has used the
cloud to transform the finance industry, finally freeing finance
professionals from the old manual, error-prone ways of managing cash flow and
moving funds,” said René Lacerte, founder and CEO, Bill.com. “This
award is especially gratifying to us because it recognizes Bill.com for what we
have been focused on from day one: harnessing the power of the cloud to make
people's lives better."

Cloud Awards organizer Larry Johnson said: “Compiling
the shortlist was difficult. But trying to pick individual winners in any
category was almost impossible.

“We are extremely pleased to endorse Bill.com as a
cloud services provider which solves real-world problems for its clients,
knocking down the barriers inherent in older business models and showing them
to be outmoded – truly leveraging cloud technologies to be the best of the
best.”

The Cloud Awards (http://www.cloud-awards.com/) will
return in 2013-14 for a fresh program seeking excellence in the field of cloud
computing.

Nearly 200 organizations entered, with entries
coming from across the globe and including Europe, the US and Middle East. Due
to high levels of demand, the program will include a new category for cloud
consultancy services, and will accept entries from all international
territories, including Australia.

Full list

Developer
of the Year

• Wedge Martin, CTO and
  Co-Founder of Badgeville
• Dermot
  Doherty, iSpaces inc (Winner)
• Michael Gould, CTO, Anaplan

Most
Promising Start-Up

• Social iQ Networks
• Tango
  Card (Winner)
• ÜberConference

Best Cloud
Infrastructure

• CloudSigma
• Sonian
  (Winner)
• DocuSign
• HWG / Interoute
• LiveOps
• SolidFire

Best
Platform as a Service

• Red
  Hat, Inc. (Winner)
• Apprenda
• Eccentex Corporation
• Infusionsoft
• Pegasystems
• CloudBees

Web
Services Excellence

• Riverbed
  Technology (Winner)
• DocuSign
• Sonian
• StrikeIron

B2B
Customer Strategy

• School Improvement Network
• CloudSense
• Badgeville, Inc.
• Cvent,
  Inc (Winner)
• TOA Technologies

Data
Innovation of the Year

• ReachForce
• DocuSign
  (Winner)
• KXEN, Inc.
• MuleSoft
• Coveo

Best
Software as a Service

• Synergy Marketing, Inc.
• Jobscience
• iCIMS, Inc.
• E2Open
• Adaptive Planning
• Bill.com
  (Winner)
• Fraunhofer Innovation Cluster
• Socialtext
• Citrix
• River Meadow

Security
Innovation of the Year

• FireHost
• CloudPassage
• HOB
  GmbH & Co. KG (Winner)
• Ping Identity

Free Bill.com Webinar with Xero to Explore Why the Time is Now to Move Your Business to the Cloud

Webinar Will Illustrate How Moving To The Cloud Can Save Time, Delight Customers, and Reduce Costs

PALO ALTO, CALIF.— Jan. 17, 2013 —Bill.com,
the leader in integrated bill payment, invoicing and cash management
solutions for businesses, today announced that it will explore how
moving to the cloud can save you time, delight customers and reduce
costs in a free webinar, “Born on the Cloud: The Time is Now,” on
Friday, January 18, at 11 a.m. PT. Registration is available now at http://cashflow.bill.com/TimeIsNow011813.html.

The webinar will feature Jamie Sutherland, president of U.S. operations at Xero online accounting, and Steve Chaney, CPA and Managing Partner, Chaney & Associates and Xero Gold Partner.  Moderated by Bill.com founder and CEO René Lacerte, the webinar will feature these cloud computing leaders discussing:

• the evolution to cloud computing;
• its benefits to businesses, customers and vendors; and 
• why businesses should move to the cloud today.

“Today, companies are leveraging cloud services for all their business systems and processes,” said René
Lacerte, founder and CEO of Bill.com. “There are so many amazing ways
that the cloud can transform financial professionals’ lives. We look forward to covering many great opportunities in this webinar to make
sure no one gets left behind.”

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.  

FREE
BILL.COM WEBINAR SHARES SECRET RECIPE FOR FRANCHISE MULTI-UNIT GROWTH

Industry Guru Aziz Hashim Reveals How
He Grew From One Store in 1996 To More Than 60 Restaurants

PALO ALTO, CALIF.— Jan. 18, 2013 — Bill.com, the leader in integrated bill payment, invoicing and cash management solutions for businesses, today
announced that it will explore how moving to the cloud can help franchise
owners grow their business quickly and effectively in a free webinar, “Secret
Recipe on Multi-Unit Growth,” on Friday, January 25, at 11 a.m. PT. Registration
is available now at http://cashflow.bill.com/multiunit_012513.html.

The webinar
will feature industry guru Aziz Hashim. Hashim founded NRD Holdings
in 1996 with one KFC location, and has since grown the company to over 60
restaurants, including Popeye’s, Domino’s and Checkers/Rally’s. A recognized
authority on multi-unit franchise growth, Hashim often shares his experience at
major restaurant and franchise conferences, and is frequently quoted in the
Wall Street Journal, Washington Post, Atlanta Journal-Constitution, QSR
Magazine, and other publications.

Moderated by Bill.com founder and CEO René Lacerte, the webinar will be
packed with actionable data and useful insights franchise owners can use to:

• select
  the right brands for rapid, profitable growth;
• address
  barriers to expansion;
• maximize
  growth while minimizing growing pains;
• optimize
  your cash flow with new technology; and
• save
  thousands of dollars every year and manage risk.

“Aziz offers an
amazing wealth of knowledge and experience, and we are so pleased to have a
leader of his caliber share his secrets with the Bill.com community,” said René
Lacerte, founder and CEO of Bill.com. “The cloud is such a powerful tool for
franchise owners looking to rapidly build profitable businesses in multiple
locations. We look forward to offering practical tips on how to get started on
the road to success today.”

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.  

We
are always so pleased to see customer testimonials appear online. Below
is a blog from customer Tim Hughes which appeared on Sleeter.com this
week. 

To read the article, click here: http://www.sleeter.com/blog/2013/01/smartvault-vs-bill-com

Bill.com and Expensify Announce Product Integration; Allows Users to Easily Streamline Expense Reports  

Integration
Shows Momentum for the
Bill.com Application
Platform Which
Has Open APIs For Developers

PALO ALTO, CALIF. — Jan. 22, 2013 — Bill.com, the leader in integrated
bill payment, invoicing and cash management solutions for businesses, today
announced integration with Expensify, the leading
expense management provider, to provide users with an easy, efficient way to
manage expense reports. The announcement illustrates the strength of the
recently announced Bill.com application platform by adding popular software,
beyond accounting, that customers have been asking for.

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. Expensify allows users to
easily manage their expenses by importing expenses and receipts from credit cards
and mobile phones. With the new integration, employees can now submit a PDF
version of their expense report in Expensify directly to their Bill.com
account.

“By integrating
with Bill.com, we bring together the best names in bill payment and expense reports
to provide customers with an easy, painless way to submit expense reports,
while increasing accuracy and speeding up the process,” said David Barrett,
CEO, Expensify.

With
Bill.com’s new platform, developers can directly integrate applications ranging
from expense management solutions to CRM systems, in addition to accounting
systems.  The platform offers a complete set of open APIs allowing
developers to deeply integrate and provide businesses complete workflows across
their systems. As part of the platform, Bill.com offers the first sync
management framework that provides developers both best practices and a toolset
for dealing with systems integration and sync. This framework allows for
every integration to function similarly, so businesses can fully leverage
multiple integrations at the same time and in the same manner.

"We're
excited about offering this integration with Expensify and our new platform,"
said René Lacerte, founder and CEO of
Bill.com. "One of the key benefits of Bill.com is managing the process of
paying bills and getting paid, and now that process extends to expense reports. This
is exactly the kind of capabilities our customers are asking for and what our platform
enables."

About Expensify

Expensify
does "expense reports that don't suck!" by importing expenses and
receipts from credit cards and mobile phones, submitting expense reports
through email, and reimbursing everything online with PayPal and direct deposit.
Expensify's unique design suits everybody from individuals tracking their
personal finances to companies with a thousand employees, and everywhere in
between. Expensify is free for individuals and small businesses, with premium
upgrades available for receipt scanning and shared expense policies.  For more information, check out https://www.expensify.com

One of Bill.com’s most powerful features is how
simple we’ve made it for accountants to work with all their clients regardless
of location via their own customizable consoles. These consoles, which can be branded
with your company logo and accessed from your website, lets you set up distinct
services tailored to the needs of each of your clients, all from one easy to
use interface. So the consoles are, in a nutshell, your own leading-edge client
service solutions, configured to fit the way you work and tailored to each
client.

Our
accountant customers have told us again and again how the console has changed
the way they work, letting them be more effective and efficient. To celebrate this
success and to encourage even more accountants to set up their personal
consoles and onboard all their customers, we have been running a great contest,
Bill.com’s Amazing Race, which will culminate in a customer winning a trip to
Hawaii.  

Bill.com’s Amazing Race has three heats, and
the third, which focuses on customers “refining their expertise,” is running
for the month of January. In this heat, contestants will be judged by their
activity level in the following:

• emedding the Bill.com weblink to
  your website;
• completing the Bill.com Guru
  certification; and
• adding more clients to your
  console.

The
most actively engaged customers of
each heat will be eligible for to win prizes such as:

• American Express, iTunes, and
  Amazon.com Gift Cards – ~$50 value
• Amazon Kindle products (Fire HD,
  Fire, Paperwhite 3G, Paperwhite) – ~ $200 value
• Apple products (iPod Touch, iPod
  Nano, iPod Shuffle) – ~$200 value

The
grand prize winner will receive the trip 
to Hawaii.

I’d like to congratulate the winners of the first
heat, which ran for the month of November! The following winners will receive a $50 Amazon gift card:

• David from BizCFO, Inc. in Santa Monica, CA
• Janine from Anifinson Thompson & Co. in Willmar, MN
• Patty from Bowers & Company CPAs PLLC in Syracuse, NY
• Barbara from McGladrey in Ft. Lauderdale, FL

We
will be announcing December’s winners soon. And remember it is never to late to
join the race—you can accomplish a lot in just a few weeks, even if you are
just setting up your Bill.com account for the first time today! So, get in the
race by visiting www.bill.com/theamazingrace. And thank you again for being part of our growing
Bill.com community!

René Lacerte, Founder and CEO, Bill.com

Explains the
Competitive Edge Businesses Gain By Running Paperless Businesses,

Insisting on
Electronic Payments

PALO ALTO, CALIF.— Jan. 23, 2013 — Bill.com, the leader in integrated bill
payment, invoicing and cash management solutions for businesses, today
announced that it will reveal how a new generation of “No Check” CEOs are
saving money and increasing results by running paperless, electronic
payment-fueled businesses in a free webinar, “Top Ten Reasons to Be a ‘No
Check’ CEO,” on Monday, January 28, at 1 p.m. PT. Registration is available now
at http://cashflow.bill.com/NoCheckCEOs012813.html.

“No Check” CEOs are business leaders that are using
game-changing technology to digitize a historically paper-based and
time-consuming process. They and their staff can pay bills, send invoices and
reminders, handle approvals, manage documents, and manage cash flow from
anywhere at anytime. And they’re not only eliminating checks – they’re
eliminating paper wherever they can, throughout their organizations, resulting
in great savings in time and money.

The webinar
will feature technology leader Mark Johnson, presently a partner at TTV Capital
and previously Vice Chairman of CheckFree. As creator of
CheckFree's leading online bill payment service, Mark oversaw CheckFree’s growth
from a pre-revenue start-up into a public corporation with more than $1 billion
in annual revenue. Prior to CheckFree, Johnson worked for the Federal Reserve
Bank and Bank One.

Moderated by Bill.com founder and CEO René Lacerte, the webinar will offer
many tips and tricks, including how becoming a “No Check” CEO can help you gain
more
control; better visibility; improved security; and better collaboration.

“It’s been very
exciting for us to see the great results that the new ‘No Check’ CEOs are
achieving with Bill.com and other Cloud solutions,” said René Lacerte, founder
and CEO of Bill.com. “Mark is a legend in the technology community, and we look
forward to an hour filled with fascinating first-hand knowledge of how to build
a successful, paperless business in the Cloud today.”

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 allows 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.