Bill.com, the business payments company, announced Monday (Oct. 24) plans for a partnership with Intuit that will power end-to-end accounts payable within QuickBooks Online. By integrating with the Bill.com digital business payments network, Intuit will now offer seamless online bill pay and speed up payments for more than 1.5 million QuickBooks customers.
“Today’s small business owners want bill pay to work how the rest of business works — digitally,” said René Lacerte, CEO of Bill.com, in a press release. “By building Bill.com’s trusted bill pay network inside of QuickBooks Online, millions of small business owners can now manage bill pay from start to finish right within QuickBooks. By having everything in one place, small business owners can focus their time on what matters: building their business.”
The integration gives small businesses a central home within QuickBooks for managing bill pay online. Businesses in the U.S. can now pay bills to anyone (large or small suppliers) using the Bill.com trusted payments network and manage cash flow within QuickBooks. This is just the first step in streamlining the accounts payable workflow. In the future, QuickBooks users will be able to receive, digitize and store bills within QuickBooks, as well as collaborate for approvals on mobile. This will eliminate rekeying data and provide significant time savings for the small business owner, all while giving confidence to their accountant that the workflows are standardized and that all the data is accurate.
“Our data shows that 78 percent of small business owners struggle to grow their business as a result of cash flow issues,” said Vinay Pai, vice president and head of Intuit Developer Group, in the same press release. “Improving cash flow and seamless integration matter most to customers when they select apps to manage their businesses. Our integration with Bill.com is being created with this in mind — to give business owners an easy-to-use, centralized solution to better manage their cash flow.”