Xero and Bill.com have announced new and future integration between their accounting solutions. Xero is a maker of online accounting solutions for small business, while Bill.com provides online integrated bill payment, invoicing and cash management programs.
The announcement follows the the recognition of both solutions as "Awesome Applications" at the 2012 Accounting Solutions Conference hosted by The Sleeter Group. The solutions received the "Awesome Applications" Award for enabling integration and the ease-of-use and design of their solutions.
“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.”
The decision to integrate both solutions came from constant customer feedback and requests to integrate the solutions seamlessly and automatically, according to Sutherland and René Lacerte, founder and CEO of Bill.com.
"We're moving towards a paperless world with automated processes and value-added services, while getting rid of some of that mundane work," explained Sutherland. "Both solutions operate on a web-based platform, making it easy to manage the bill payment and cash management processes on the fly, from an iPhone, iPad or other mobile device. This integration allows us to better serve the mobile workforce."
The Xero and Bill.com integration aims to make it more convenient and secure for customers of both companies to collaborate with their clients and colleagues, allowing for better control and insight into their complete financial situation. Users can create a paperless billing process, allowing clients to receive bills electronically and eliminating the need to print, sign or mail checks. Customers will also have unlimited storage for bills and documents, as well as access to cleared check images and remittance information. Other features include an automated approval process and real-time views of accrued, actual and projected cash flows.
“We built Bill.com to ease financial professionals’ lives and increase their success,” said Lacerte. “Integrating with Xero’s excellent solution was a natural way to make SMBs and accountants’ financial management even more seamless and powerful.”