Bill.com is present in 2 markets with 2 products. Bill.com has 27 reviews with an overall average rating of 4.5.
Accounts Payable Applications
Gartner defines the accounts payable applications market as cloud-based applications that enable corporate controllers and their teams to automatically manage supplier invoice processing, facilitate payments and support supplier master data management across one or more ERP applications. Organizations use accounts payable applications to improve their supplier invoice processing, payments and supplier master data management activities. They allow organizations to efficiently and confidently pay supplier invoices. These applications are modular cloud-based tools that customers can configure to deliver standard processes and integrate with one or more ERP applications. Additionally, they integrate with other operational tools, such as source-to-pay suites, partner networks, banks and payment service providers, while creating flexibility for suppliers to deliver supplier invoices. An example would be the collection and processing of supplier invoices using a digital mailroom, whereby data (structured and unstructured) is extracted from scanned documents and validated prior to approval for payment.
Bill.com has 1 product in Accounts Payable Applications market
B2B Payments Software
B2B Payments Software refers to specialized digital platforms that automate and streamline financial transactions between businesses, encompassing the end-to-end process from invoice generation to fund settlement. Unlike consumer payment solutions, B2B (business-to-business) payments software handles large volumes of transactions, often involving complex workflows such as invoicing, approvals, compliance checks, and reconciliation. These solutions facilitate secure electronic transfers through various methods including ACH payments, wire transfers, virtual cards, and digital wallets, while replacing manual, paper-based systems with integrated workflows. Core functionalities typically include automated invoice processing (using OCR for data extraction), payment scheduling, real-time tracking, reconciliation with accounting systems, and compliance management (e.g., anti-fraud measures and regulatory adherence). By centralizing payment operations, the software enhances efficiency through features like automated approval workflows, reduces processing times from days to hours, minimizes errors via data validation, and provides auditable transaction records. Additionally, by optimizing the timing and accuracy of payments and receivables, B2B payments software plays a critical role in improving business cash flow management. Security is prioritized through encryption, tokenization, and multi-factor authentication to mitigate fraud risks inherent in high-value B2B transactions.
Bill.com has 1 product in B2B Payments Software market