Solution introduction

Bill (NYSE: BILL) is a leading provider of cloud-based software that digitizes and automates complex back-office financial operations for wealth mgmt & family offices firms

Our tailored offering for wealth management firms supporting high-net-worth clients, enables firms to shift from a cumbersome and time-intensive approach to an automated and secure bill payment process

Bill (NYSE: BILL) is a leading provider of cloud-based software that simplifies, digitizes and automates complex back-office financial operations for small and midsize businesses (SMB). Our tailored offering for wealth management firms supporting high-net-worth clients, enables firms to shift from a cumbersome and time-intensive approach to an automated and secure bill payment process. It leverages all the benefits of its automated platform while addressing the unique needs of wealth management firms including:

  • Automated bill payments: Bill auto-enters invoice details for review, saving 50 percent of time managing clients’ bill pay. Easily route clients’ bills and review notes through pre-determined approval workflows
  • Multiple flexible and fast payment options: Payment options include ACH, check, cards and international wire transfers for business payments with the ability to make same-day or next-day payments for those bills that can’t wait
  • One secure platform for ease-of-mind: Designed with clients’ security and privacy in mind, the Bill platform keeps all bank account information private from vendors by making digital payments through the Bill account. Enables easy access for clients from any device or location with 2-step verification where data in transit is securely encrypted
  • Single integrated dashboard: Quickly and easily view outstanding to-do lists, retrieve any document or vendor records and see time-stamped audit-ready trails for every transaction

For more information about our wealth management offering, visit www.bill.com.

Features

Our solution saves more than 50% of the AP time typically spent. The digitized process allows easy access to your payments via mobile device or computer, anytime, anywhere - helping businesses to receive incoming payments 2-3x faster. It enables a highly intuitive user experience to access information and perform key tasks. A few features of our platform include:

  • Accounts Payable and Accounts Receivable workflows & payments (i.e. Check, ACH, International Wire, Credit Card, Virtual Card)
  • Advanced approval workflows (customizable based on attributes like roles and payment amount)
  • Automatic sync with major accounting systems for both payables and receivables that allows for easy audits and reporting options
  • Our Intelligent Virtual Assistant (aka IVA) automatically detects and codes up the incoming bills in real-time to save manual data-entry; also detects and flagged duplicate invoices
  • Simple onboarding and integration, and fast setup - customers can setup and start transacting in minutes
  • Scales from basic to advanced capabilities to fit customer needs as they change
  • In-product live chat so that business customers have instant access to support when they need it
  • Robust native mobile application to access invoice and payment activity anytime, anywhere
  • Unlimited document storage for invoices, bills or any other documents required to support business payment processes

Key Data

Year launched
2006
PRICING
  • Subscription (SaaS)
Implementation Methods
  • Hosted (public cloud)
Type of Clients
  • Bank Wealth Managers
  • Digital Wealth Manager
  • End Private Clients
  • Family Offices
  • Financial Advisors
Client Regional Presence
  • North America

Bill for Wealth Management

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