Accounting & Audit
Bill.com Offers Payment System for NetSuite Cloud Computing Users
Online business payments network Bill.com has announced its new Bill.com Payments for NetSuite SuiteApp has achieved ‘Built for NetSuite’ verification. The Bill.com Payments for NetSuite SuiteApp is an integrated, full-service payments services solution a
Jan. 20, 2015
Online business payments network Bill.com has announced its new Bill.com Payments for NetSuite SuiteApp has achieved ‘Built for NetSuite’ verification. The Bill.com Payments for NetSuite SuiteApp is an integrated, full-service payments services solution available for NetSuite users.
The new SuiteApp allows users to pay bills anytime, anywhere by clicking one button within NetSuite. Users no longer have to print checks or upload electronic payment (ACH) files to their banks’ websites – saving companies significant time and money, without changing their workflows or leaving NetSuite.
‘Built for NetSuite’ is a program for NetSuite SuiteCloud Developer Network (SDN) partners that provides them with information, resources, and a method to verify that their applications and integrations, built using the NetSuite SuiteCloud Computing Platform, meet NetSuite’s standards and best practices. The ‘Built for NetSuite’ program is designed to give NetSuite customers additional confidence that SuiteApps have been built to meet these standards.
“As a high-growth business with, at times, limited resources, we’re continuously looking for ways to improve operational efficiency by reducing manual work and double data entry,” said Derek Kraus, vice president of finance at SolidFire, an all-flash storage systems provider. “Bill.com’s new SuiteApp is fundamentally changing the way we handle payables by giving us the ability to make secure payments within NetSuite with a single click of a button. The app eliminates the need to print and mail checks and avoids the duplicate entry of payment data into NetSuite.”
The Bill.com Payments for NetSuite SuiteApp addresses comprehensive business payment needs, particularly for midsize companies and large enterprises – including NetSuite OneWorld customers. The Bill.com SuiteApp can help eliminate payment fraud, imposes no payment limits, and requires no personal guarantees. Moreover, customers can make payments from multiple bank accounts.
In addition to streamlining payments, Bill.com offers document processing and management services that enable users to link and store documents. As a result, NetSuite customers can now more easily access payment history, payment audit trails, cleared check images, associated invoices, and any supporting documents — whenever the need arises.
Key features and benefits of the new SuiteApp include:
- Safe and Secure: Uses bank-level encryption and is always backed up.
- Organized: Gives users access to financial documents, bills, invoices, and transactions from any web browser or mobile device.
- Simple: Easily pay any vendor, large or small, and invoice customers online.
- Efficient: Eliminate data entry tasks, streamline vendor management, and receive customer payments directly into your bank account.
- Collaborative: Connects users to colleagues, customers, vendors, and accountants.
- Strategic: Improves cash flow and automates Accounts Payable (AP) and Accounts Receivable (AR) processes.
“Working closely with NetSuite, Bill.com built a great solution for all NetSuite users to initiate and complete all of their payments electronically,” said René Lacerte, founder and CEO of Bill.com. “We are excited that, finally, businesses that run their accounting in the cloud no longer have to print checks on paper the old-fashioned way. With this integration, NetSuite customers can join the growing community of businesses that have eliminated checks from their operations.”
“As more and more companies make the switch to cloud-based business management solutions, demand for a fully-automated payment process within NetSuite has never been higher,” said Guido Haarmans, vice president, business development for technology partners at NetSuite. “Bill.com Payments for NetSuite SuiteApp is a big win for our customers — it saves them time, reduces their transaction costs, increases visibility across key areas of documentation, and it can help eliminate payment fraud and address other security concerns — all without leaving the NetSuite user interface.”