BILL, also known as Bill.com, is a financial operations platform for small and midsize businesses. Its AP & AR product automates bill capture, approvals, vendor payments and invoicing, and its Spend & Expense product adds corporate cards, budgets and expense tracking.
Vendors can email invoices straight to your own AP address, and BILL pulls out the data with optical character recognition. It flags possible duplicates, so you’re less likely to pay the same bill twice. Every plan includes standard approval policies, custom approval policies come with the Corporate and Enterprise plans, and approvers can sign off on invoices in the BILL mobile app. Every action is time-stamped in a permanent audit trail, and you can pay vendors by ACH, virtual card, international wire or paper check.
On the receivables side, you pick an invoice template, customize its fields and reuse it, and each invoice gets a unique number automatically. You can set up automated reminders and receive payments by ACH or credit card into your bank account, and the Corporate and Enterprise plans include recurring invoices. Customers can use a self-service portal.
BILL says its customers include businesses and accounting firms. Firms can use the accountant console, a set of tools built for accounting firms, to turn on bill pay for all their clients. In Spend & Expense, you can customize chart of accounts mapping and naming. Support is available by chat in the product or through the BILL Help Center, where you can also ask for a callback, and accounting firms and partners get dedicated help through Accountant Care.
AP & AR plans are priced per user. Essentials covers the basics with CSV-based accounting sync, Team adds automatic two-way sync with QuickBooks and Xero, Corporate adds custom approval policies, single sign-on and multi-entity accounting, and Enterprise adds ERP integrations and API access. Payments carry their own fees. Current prices are in the pricing box above.