On Wednesday, August 14, attendees of the Xerocon conference in Nashville were introduced to Bill360, the end-to-end accounts receivable (AR) automation solution that accelerates growth for accountants and their customers. The company, based in Tampa, Florida, launched its SaaS-based, AI-enhanced platform in August 2023 and has quickly built a roster of 7,000 users within targeted small to medium-sized B2B companies.
Bill360’s state-of-the-art AR technology digitizes the invoice-to-cash process, generates financial insights, and produces workflow efficiencies. This unlocks opportunities for accountants to elevate their advisory services for their clients and frees up capacity to expand their practice.
The solution syncs with existing accounting software (Xero and QuickBooks), typically within an hour, and seamlessly provides:
- Automated invoicing with customizable reminders
- Branded collaboration portal for suppliers to communicate with their buyers for questions, send notifications, attach notes and review past invoices
- Embedded payments options, including cards, ACH, and Buy Now Pay Later financing
- Receivable Assessment,Reporting, Reminders, Triggers, etc.
- Unique approach to risk assessment that provides faster funding, even for large value payments
- Live US-based support for accountants and end users
Bill360’s users are realizing 48% reduction in DSO (Days Sales Outstanding) accounts receivable on average when they use the platform for six months or more.
Bill360 exhibited at the Xerocon conference in booth #E20, where conference attendees spoke with our experts and viewed a demo, which is also available on demand at www.bill360.com.
“Cool new technologies are enabling AR automation to become more powerful and accessible, elevating the role of accountants to advisory with their clients”, said Jody Padar, The Radical CPA. “It’s great to see companies like Bill360 bringing their innovation to address cash-flow automation and improvements.”
A copy of Jody’s newest book, Radical Pricing: How to Optimize Profits, Delight Customers, and Build a Top-Value Firm, that focuses on helping accountants transform their practices into advisory services, will be available to visitors at Bill360’s booth at Xerocon.
Bill360 is founded by a group of B2B payment veterans and led by Paul Hunter, entrepreneur and former CEO of Sterling Payment Technologies, which was acquired by EVO Payments International in 2017. “We are thrilled to introduce Bill360 to accountants and enable them to improve cash flow for their practice and for their clients”, said Hunter. “The platform was built over years, working closely with B2B business owners and accountants. We were driven by the quest to create a solution that produces financial results and ease of adoption. You can expect more innovations through our partnerships with accountants and software companies.”
