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Bill.com and Intacct Get Together on Financials
SaaS Financials Leaders Combine Forces to Help SMB Clients Streamline Business Processes and Improve Visibility Into Financial Performance
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PALO ALTO, CA -- (Marketwire) -- 11/05/08 -- Bill.com, Inc., the leading provider ofon-demand accounts payable applications, today announced a new partnershipand integration with Intacct, the market and technology leader in on-demandfinancial management and accounting applications. Integration of thesebest-of-breed Software as a Service (SaaS) financial applications hassignificant upside to Bill.com's and Intacct's target audience of CPA firmsand small and midsized businesses. Many of these companies lack the ITresources required to connect, manage and support disparate applications,but need the financial and practical benefits inherent to SaaS solutions,tighter business processes, improved productivity and enhanced visibilityinto financial performance.
In conjunction with the integration news, Bill.com also announced today ithas joined the Intacct-Ready(TM) Partner Program, which defines certifiedintegration and aligned business practices between Intacct and leadingbest-of-breed SaaS vendors.
Through the new integration, vendors, general ledger accounts, departments,and locations stored within Intacct can be easily synchronized withBill.com. Likewise, invoice and payment information contained in Bill.comcan be synchronized with Intacct, ensuring consistent recording of payablestransactions while eliminating the need to manually enter data from oneapplication into the other. The combined solution can help clients savebetween 50% - 80% of the time and money used to manage their payables andbusiness records.
Bill.com automates the critical tasks that consume CPAs and small businessfinance executives, including accounts payable approval processes,financial document management, cash management, bill payment scheduling,check writing and advanced fraud protection. Its secure online systemeliminates paper from these processes, making it easier and less costly forusers to route, approve, pay and file bills, and track these activitiesfrom anywhere, anytime, via an Internet-connected computer.
"The days when clients were forced to do the heavy lifting to integrate andmanage disparate business applications is over," said Daniel Druker, seniorvice president of marketing and business development at Intacct. "Intacct,Bill.com and other like-minded SaaS innovators are pioneering a new model,one that shifts responsibility for aligning, delivering and supportingbusiness applications to the vendors -- where it belongs. Aligningaccounts payable with other accounting processes is critical to financialmanagement -- particularly in these challenging economic times. We areexcited to offer this integration to customers and we welcome Bill.com intothe Intacct-Ready Partner Program."
"The SaaS segment of the software market continues to flourish because thefundamentals of the model -- low cost, ease-of-use and increased visibilityinto business performance -- remain strong reasons for small and midsizedbusinesses to choose SaaS over traditional business software applications,"said Jeffrey Schultz, vice president of marketing at Bill.com."Organizations that are seeking greater control of cash flow and payables,and have a desire to eliminate the burden of filing bills and writingchecks, will benefit most from the integration of Bill.com with Intacct.By uniting these applications we've simplified the process of managingmoney, so our clients can focus on growing their businesses."
The Intacct-Ready Partner Program champions leading SaaS vendors, such asBill.com, that develop and certify integration between their systems andIntacct's on-demand financial management applications. In joining theprogram, Bill.com is demonstrating a commitment to the client community itshares with Intacct by agreeing to support integration with the Intacctsystem, while coordinating service level agreements and customer serviceprocedures. Bill.com and Intacct will also collaborate around productdevelopment and marketing programs.
About Intacct
Intacct is a market and technology leader in on-demand financial managementand accounting applications. The company's award-winning solutions areused by thousands of businesses, from startups to public companies, and aredesigned to improve company performance and make finance more productive.Intacct automates key business processes from order entry through cashcollection and procurement through vendor payment. The Intacct systemincludes accounting, contract management, revenue recognition, inventory,purchasing, vendor management, financial consolidation and financialreporting applications, all delivered over the Web via Software as aService. Intacct is the only on-demand financial management solutionseamlessly integrated with salesforce.com. As a company grows, Intacct'sdeep and mature applications, SAS 70 Type II certification, and documentedprocesses support Sarbanes-Oxley compliance for public enterprises.
Intacct is headquartered in San Jose, California, with operations inBangalore, India. For more information, please visit www.intacct.com.
About Bill.com
Based in Palo Alto, Calif., Bill.com is an on-demand accounts payableapplication for small and midsized businesses. Bill.com clients canreceive, route and pay invoices electronically -- users never have to toucha paper bill again -- resulting in time and cost savings to financepersonnel of over 50% versus manual accounts payable and check writingprocesses. Invoices are emailed, scanned or faxed into the Bill.comsolution. Digital images of invoices are then routed electronically forapproval, ensuring a complete audit trail and eliminating lost ormishandled paper. Users can access digitized supporting documents such ascurrent and past bill images, cleared check images and contracts, at everystep in the process, from anywhere, at any time, over the Internet.Bill.com handles check printing and mailing, and uses enterprise-classfraud protections that are impractical for small and midsized businesses toimplement on their own. Bill.com integrates with popular desktop andon-demand accounting packages, ensuring consistency of financial data andstreamlined financial planning, reporting and audit activities. For moreinformation, visit www.Bill.com or watch the Bill.com Video(http://www.youtube.com/watch?v=Mv-fFtSqmoE).
Media Contact:Kevin WolfBill.com(650) 327-1641Email Contact
Through the new integration, vendors, general ledger accounts, departments,and locations stored within Intacct can be easily synchronized withBill.com. Likewise, invoice and payment information contained in Bill.comcan be synchronized with Intacct, ensuring consistent recording of payablestransactions while eliminating the need to manually enter data from oneapplication into the other. The combined solution can help clients savebetween 50% - 80% of the time and money used to manage their payables andbusiness records.
Bill.com automates the critical tasks that consume CPAs and small businessfinance executives, including accounts payable approval processes,financial document management, cash management, bill payment scheduling,check writing and advanced fraud protection. Its secure online systemeliminates paper from these processes, making it easier and less costly forusers to route, approve, pay and file bills, and track these activitiesfrom anywhere, anytime, via an Internet-connected computer.
"The days when clients were forced to do the heavy lifting to integrate andmanage disparate business applications is over," said Daniel Druker, seniorvice president of marketing and business development at Intacct. "Intacct,Bill.com and other like-minded SaaS innovators are pioneering a new model,one that shifts responsibility for aligning, delivering and supportingbusiness applications to the vendors -- where it belongs. Aligningaccounts payable with other accounting processes is critical to financialmanagement -- particularly in these challenging economic times. We areexcited to offer this integration to customers and we welcome Bill.com intothe Intacct-Ready Partner Program."
"The SaaS segment of the software market continues to flourish because thefundamentals of the model -- low cost, ease-of-use and increased visibilityinto business performance -- remain strong reasons for small and midsizedbusinesses to choose SaaS over traditional business software applications,"said Jeffrey Schultz, vice president of marketing at Bill.com."Organizations that are seeking greater control of cash flow and payables,and have a desire to eliminate the burden of filing bills and writingchecks, will benefit most from the integration of Bill.com with Intacct.By uniting these applications we've simplified the process of managingmoney, so our clients can focus on growing their businesses."
The Intacct-Ready Partner Program champions leading SaaS vendors, such asBill.com, that develop and certify integration between their systems andIntacct's on-demand financial management applications. In joining theprogram, Bill.com is demonstrating a commitment to the client community itshares with Intacct by agreeing to support integration with the Intacctsystem, while coordinating service level agreements and customer serviceprocedures. Bill.com and Intacct will also collaborate around productdevelopment and marketing programs.
About Intacct
Intacct is a market and technology leader in on-demand financial managementand accounting applications. The company's award-winning solutions areused by thousands of businesses, from startups to public companies, and aredesigned to improve company performance and make finance more productive.Intacct automates key business processes from order entry through cashcollection and procurement through vendor payment. The Intacct systemincludes accounting, contract management, revenue recognition, inventory,purchasing, vendor management, financial consolidation and financialreporting applications, all delivered over the Web via Software as aService. Intacct is the only on-demand financial management solutionseamlessly integrated with salesforce.com. As a company grows, Intacct'sdeep and mature applications, SAS 70 Type II certification, and documentedprocesses support Sarbanes-Oxley compliance for public enterprises.
Intacct is headquartered in San Jose, California, with operations inBangalore, India. For more information, please visit www.intacct.com.
About Bill.com
Based in Palo Alto, Calif., Bill.com is an on-demand accounts payableapplication for small and midsized businesses. Bill.com clients canreceive, route and pay invoices electronically -- users never have to toucha paper bill again -- resulting in time and cost savings to financepersonnel of over 50% versus manual accounts payable and check writingprocesses. Invoices are emailed, scanned or faxed into the Bill.comsolution. Digital images of invoices are then routed electronically forapproval, ensuring a complete audit trail and eliminating lost ormishandled paper. Users can access digitized supporting documents such ascurrent and past bill images, cleared check images and contracts, at everystep in the process, from anywhere, at any time, over the Internet.Bill.com handles check printing and mailing, and uses enterprise-classfraud protections that are impractical for small and midsized businesses toimplement on their own. Bill.com integrates with popular desktop andon-demand accounting packages, ensuring consistency of financial data andstreamlined financial planning, reporting and audit activities. For moreinformation, visit www.Bill.com or watch the Bill.com Video(http://www.youtube.com/watch?v=Mv-fFtSqmoE).
Media Contact:Kevin WolfBill.com(650) 327-1641Email Contact
For more information, go to www.marketwire.com
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