Bill.com launches real time cloud-based cash flow management service
by Kylene Casanova
Bill.com, an integrated bill payment, invoicing and cash management solutions supplier, today announced the general availability of brand new functionality that completes its Cash Flow Command and Control System(TM). This new feature leverages Bill.com's proprietary, cloud-based accounts payable and accounts receivable systems to deliver a more fluid method of cash flow management. Bill.com's cash flow system connects user's banks, books and business, enabling companies of all sizes to rid themselves of the cumbersome, error-prone and highly manual spreadsheets.
The Cash Flow Command and Control System links directly to the users' key financial sources, including accounting systems, to gather information and populate automatically. With this new cash flow system, users also gain the ability to drill down into invoices, bills, contracts and notes while forecasting cash. Users can move items in and out to account for " what if " scenarios, countless variables and more. The information can easily be adjusted and modeled, and the results are reflected in easy-to-understand, one-step charts and tables. Data that isn't recorded in the Bill.com system can be added seamlessly.
With the Bill.com cash flow system, businesses can check their financial situation at any given point in time since payables and receivables information is updated automatically, instantaneously transforming into live and actionable data. In addition, Bill.com helps companies understand the best times to collect money from customers or pay bills. It simplifies the ability to send reminders for payments due, then makes adjustments to project cash flow based on the expected date of payment or receipt, not just the original due date entered onto a spreadsheet.
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