This App Aware (revisited) takes an updated look at Bill360, an AI-powered Accounts Receivable and billing platform for B2B companies.
App Aware is one of Insightful Accountant's most popular features for both our readers and contributing developers because the articles summarize an App or Software for integration with one or more accounting platforms. This revisited version of App Aware seeks to update you about Bill360.
Bill360 is an AI-powered, cloud-based accounts receivable (AR) and billing (digital invoicing) automation platform built for B2B companies. It seamlessly integrates with QuickBooks and Xero to streamline the invoice-to-cash process.
The Bill360 Dashboard
The platform is built for small to medium-sized B2B companies and includes invoicing, embedded payments, auto-reconciliation, reporting, and collaboration tools designed to help reduce DSO, accelerate payments, and improve cash flow.
Key Features of Bill360
Bill360 was designed for B2B invoicing and payments, its key features include:
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All-in-One B2B Solution: Combines AR automation and payment controls in a single platform for centralized management. Automatically generates payment-ready e-invoices and automated invoice payment reminders.
Fully customizable reminders
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Embedded Payments: Allows B2B clients to pay securely via credit card or ACH as well as set up digital wallets. Connects with multiple data sources to simplify payments, support collections, and improve invoicing control. Allows you to share the cost of accepting credit cards with transparent surcharging.
Customizable payment methods, autopay and credit card thresholds.
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Customer Portals: Includes self-service portals where clients can view invoice history, manage payment options, and chat with your team in real time.
Real time communications/collaboration from within Bill 360.
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Beyond Basic Accounting: Provides features and reporting intended to support cash flow management. Includes AI-driven insights and real-time dashboards to track important metrics like Dys Sales Outstanding (DSO), and AR aging so you know exactly where your cash flow stands.
Bill 360 Customer window
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Accounting Connectivity: Bill360 is already integrated with accounting systems like QuickBooks and Xero. Admins only need to log on to Bill360 and sync their data; setup typically takes less than an hour and on-boarding assistance is available.
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Auto-Reconciliation: Matches payments to specific invoices and auto-reconciles your ledger to eliminate manual data entry.
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Built for B2B: Bill360 was developed for B2B use cases based on research with thousands of B2B companies. It wasn’t adapted from systems designed for B2C use.
Accounting Integrations
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QuickBooks: Bill360 works with essentially every United States version (SKU) of QuickBooks Online and QuickBooks Desktop (Plus) software (Pro, Premier and Enterprise). You will find Bill360 listed at Intuit’s QuickBooks App store.
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Xero: Bill360 works with Xero Early, Growing and Established accounting software versions.
Benefits of Bill360*
- Bill360 reports that its AI-driven technology can reduce Visa B2B invoice transaction fees by up to 35%.
- Because of the AR automation it offers, Bill360 also reports their users get paid an average of 10 days faster and save up to 15 hours a week in AP management.
- Reduces transaction and processing fees, especially for B2B Visa transactions.
Pricing
Bill360 is offered as a SaaS (Software as a Service) subscription, their pricing is geared toward SMB and their transactional sizes and volumes.
Comparable Systems1
Bill360 told us that both Biller Genie and Bill AP/AR offer somewhat similar functionality. If you are going to compare and contrast App offerings these are two you may want to consider during your research.
Conclusion
If you are looking for an AR automation and payment platform designed for small-to-medium B2B companies, then be certain to check out Bill360.
For More Information
Head over to the Bill360 website for more details. You can arrange for a Bill360 ‘demo’ here.
Bill360 is located at 4350 W. Cypress Street, #701 in Tampa, Florida 33607.
Footnotes:
*- no independent analysis of the claims made by Bill 360 with respect to 'Benefits' in regard to transactions fees, average number of days to payment, time savings per week, or reduced transaction and processing fees, was made, and no opinion is expressed by Insightful Accountant as to the validity of said claims.
1 - no independent analysis of the reported 'comparable systems' was undertaken, and no opinion is expressed by Insightful Accountant as to the validity of said comparable products.