Small business billpay specialist Bill.com has launched a mobile iOS app to help small business owners manage and pay bills remotely.
Bill.com CEO Rene Lacerte said the new app will help “make sure no business is left behind” as payments become increasingly digital and mobile. SME business owners using the platform can sort bills by due date, vendor, and amount; change payment dates and amounts, and originate payments from more than one bank account. The mobile app also provides a complete payment history, including access to the original invoices.
Available from the iOS app store, the Bill.com mobile app is free for current Bill.com customers and works for iPhone, iPad, and iPod Touch. An Android version is expected in the next few months.
Bill.com’s new mobile app is part of the company’s plan to automate the full, end-to-end, accounts payable and accounts receivable processes on any device at any time. With its more than 600,000 network members processing more than $19 billion in payments a year, Bill,com says its mobile app will save users up to 50-70% of the time typically consumed by traditional bookkeeping. Three of the top-ten U.S. banks and more than 40% of the top-100 accounting firms use Bill.com’s technology as their primary payment solution.
2015 has been a big year for Bill.com. The company raised $50 million in funding in February, taking its total capital to more than $100 million. That month Bill.com’s Fast Pay was recognized by Accounting Today as a Top New Product for 2015. In March, the company bolstered its executive ranks with new hires in payments, risk and compliance, as well as sales and customer experience.
Founded in 2006 and headquartered in Palo Alto, California, Bill.com demonstrated its CashView solution at FinovateSpring 2012 in San Francisco.