Bill360

About Bill360

Bill360 offers an accounts receivable automation platform tailored for small-to-medium-sized B2B companies, featuring automated invoicing, embedded payment options, and real-time reconciliation. This solution addresses the challenges of slow cash flow and high days sales outstanding (DSO) by streamlining payment processes and enhancing customer collaboration.

```xml <problem> Many small-to-medium-sized B2B companies face challenges with slow cash flow and high days sales outstanding (DSO) due to inefficient accounts receivable processes. Managing invoicing, payment collection, and reconciliation manually is time-consuming and prone to errors. Existing accounting systems and payment processors often lack the specific tools needed to streamline B2B payment workflows and enhance customer collaboration. </problem> <solution> Bill360 provides an accounts receivable (AR) automation and B2B payments platform designed to accelerate cash flow and reduce DSO for small-to-medium-sized B2B companies. The platform automates invoicing, offers embedded payment options, and provides real-time reconciliation, streamlining the entire payment process. Bill360 enhances customer collaboration through a secure portal, enabling real-time communication and efficient resolution of discrepancies. By automating payment reminders, tracking invoice statuses, and providing business intelligence tools, Bill360 empowers businesses to make informed credit decisions and improve overall AR management. The platform integrates with existing accounting systems, enhancing them with proprietary features and functionality tailored for the B2B market. </solution> <features> - Automated invoicing workflows with customizable reminders - Embedded payment options, including credit card and ACH, with the ability to set card threshold amounts - Customer portal for real-time communication, discrepancy resolution, and feedback - Automated payment reconciliation - Real-time DSO monitoring and AR aging reports via dashboard - AI-driven business insights for informed decision-making - AutoPay option for buyers to manage payment methods and eliminate late payments - Email open tracking to see when customers view digital invoices - Seamless integration with QuickBooks, QBD, QBE, and Xero </features> <target_audience> Bill360 targets small-to-medium-sized B2B companies seeking to automate their accounts receivable processes, reduce DSO, and improve cash flow. </target_audience> <revenue_model> Bill360 offers a subscription-based pricing model, starting at $10 per month. </revenue_model> ```

What does Bill360 do?

Bill360 offers an accounts receivable automation platform tailored for small-to-medium-sized B2B companies, featuring automated invoicing, embedded payment options, and real-time reconciliation. This solution addresses the challenges of slow cash flow and high days sales outstanding (DSO) by streamlining payment processes and enhancing customer collaboration.

Where is Bill360 located?

Bill360 is based in Tampa, United States.

When was Bill360 founded?

Bill360 was founded in 2021.

How much funding has Bill360 raised?

Bill360 has raised 24630000.

Location
Tampa, United States
Founded
2021
Funding
24630000
Employees
80 employees

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Bill360

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Executive Summary

Bill360 offers an accounts receivable automation platform tailored for small-to-medium-sized B2B companies, featuring automated invoicing, embedded payment options, and real-time reconciliation. This solution addresses the challenges of slow cash flow and high days sales outstanding (DSO) by streamlining payment processes and enhancing customer collaboration.

bill360.com2K+
cb
Crunchbase
Founded 2021Tampa, United States

Funding

$

Estimated Funding

$20M+

Team (75+)

No team information available.

Company Description

Problem

Many small-to-medium-sized B2B companies face challenges with slow cash flow and high days sales outstanding (DSO) due to inefficient accounts receivable processes. Managing invoicing, payment collection, and reconciliation manually is time-consuming and prone to errors. Existing accounting systems and payment processors often lack the specific tools needed to streamline B2B payment workflows and enhance customer collaboration.

Solution

Bill360 provides an accounts receivable (AR) automation and B2B payments platform designed to accelerate cash flow and reduce DSO for small-to-medium-sized B2B companies. The platform automates invoicing, offers embedded payment options, and provides real-time reconciliation, streamlining the entire payment process. Bill360 enhances customer collaboration through a secure portal, enabling real-time communication and efficient resolution of discrepancies. By automating payment reminders, tracking invoice statuses, and providing business intelligence tools, Bill360 empowers businesses to make informed credit decisions and improve overall AR management. The platform integrates with existing accounting systems, enhancing them with proprietary features and functionality tailored for the B2B market.

Features

Automated invoicing workflows with customizable reminders

Embedded payment options, including credit card and ACH, with the ability to set card threshold amounts

Customer portal for real-time communication, discrepancy resolution, and feedback

Automated payment reconciliation

Real-time DSO monitoring and AR aging reports via dashboard

AI-driven business insights for informed decision-making

AutoPay option for buyers to manage payment methods and eliminate late payments

Email open tracking to see when customers view digital invoices

Seamless integration with QuickBooks, QBD, QBE, and Xero

Target Audience

Bill360 targets small-to-medium-sized B2B companies seeking to automate their accounts receivable processes, reduce DSO, and improve cash flow.

Revenue Model

Bill360 offers a subscription-based pricing model, starting at $10 per month.

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