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About Bill.com

November 23, 2009

Diagram-howitworksBill.com is an on-demand accounts payable application for CPAs and
small and midsized businesses. Bill.com users can receive, route and
pay invoices electronically — they never have to touch a paper bill
again — resulting in time and cost savings to finance personnel of over
50% versus manual accounts payable and check writing processes.
Invoices are emailed, scanned or faxed into the Bill.com service.
Digital images of invoices are then routed electronically for approval,
ensuring a complete audit trail and eliminating lost or mishandled
paper. Users can access digitized supporting documents such as current
and past bill images, cleared check images and contracts, at every step
in the process, from anywhere, at any time, over the Internet.

Bill.com
handles check printing and mailing as well as electronic payments, and
uses enterprise-class fraud protections that are impractical for small
and midsized businesses to implement on their own. Bill.com integrates
with popular desktop and on-demand accounting packages, ensuring
consistency of financial data and streamlined financial planning,
reporting and audit activities.

Bill.com has received numerous awards
including a 2009 Innovation Award from CPA Technology Advisor, and a
4-star rating from PC Magazine.

Bill.com provides significant benefit to almost any small or medium sized business by helping you:

  • Increase productivity and lower costs through paperless document imaging, automated bill routing and integrated online bill payment through any US bank
  • Improve visibility into your financial documents and the accounts payable processes through automation and streamlined business record keeping
  • Conveniently access your financial information online and easily exchange information with the people who need access
  • Save time by managing day-to-day business finances online
  • Reduce your dependence on error prone paper processes

Bill.com uses the industry’s most advanced security and process controls to ensure that your data is safe at all times.

  • Bill.com is SAS70 Type II Certified by leading national CPA Firm,
    indicating that Bill.com’s information technology processes and
    controls have been reviewed and audited by an independent accounting
    and audit firm and we have completed follow up audits to ensure
    continued compliance
  • Verisign Secured
  • 256-bit Encryption technology mirroring that of the banks
  • Firewalls and intrusion-detection devices prevent unauthorized electronic access to servers
  • Production servers are in high-security locked facility with biometric access controls
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