Chief Product Officer
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.
- Artificial Intelligence
- Enterprise Software
- Financial Technology
- Software Only
Updated 7 months ago
Funding
Raised to date
$24.6MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
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.
Target Audience
Bill360 targets small-to-medium-sized B2B companies seeking to automate their accounts receivable processes, reduce DSO, and improve cash flow.
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