Like most other financial software, Bill.com has specific features that foster business transactions. They are:
• Accounts payable operations
• Accounts receivable operations
• Automated invoice capturing
• Vendor data management
• ACH and credit cards payments
• Foreign payment and foreign currency support
• Exclusive financial reports
• Document management
One impressive feature of Bill.com is that it is easy to use. It is also cloud-based and does not require any installations before use. You only need to access the internet to have Bill.com manage your financial operations for you. You can access it via its mobile application (for Apple and Android) or the latest versions of any internet browser.
Automated Invoice Capturing
Under accounts receivable, Bill.com makes invoicing operations extremely easy for businesses. On signing into your account, you’ll be greeted with all your invoices – sent, overdue and in progress. You also get three customizable invoice templates that can be automatically entered for you. And instead of going through the stress of scanning and mailing invoices all the time, this software automates invoice sending and receipt.
Foreign Payment and Foreign Currency Support
Most businesses widely patronize international transactions. It will make sense if an accounting software affords its users the convenience of making and receiving payments from their international partners or vendors. Fortunately, Bill.com supports international transactions and in multiple currencies too.
Vendor Data Management
Managing vendor data has been made relatively easier on this platform. Bill.com features an effortless vendor data entry process, making it easy to change and monitor transaction records with each of your vendors.
Bill.com’s Business Payment Network also allows businesses to look up and connect with vendors who use the software. Users can also send requests to vendors who are yet to sign up on Bill.com. And when those vendors eventually sign up, their details are automatically synced into the requesting user’s system.