Three Key Features You Want in Accounting Automation

Adding accounting automation to your tech stack helps your B2B get paid faster and save time. There are many platforms to choose from, however, and it's crucial the one you pick has these three features. 

This blog outlines each feature and explains why they're essential to effective accounting automation.

E-invoicing

Preparing invoices individually and by hand is a time-consuming chore. It leaves you vulnerable to mistakes that delay collections and ruin your relationship with customers.

AR (accounts receivable) automation from Bill360 includes payment-ready e-invoices that are sent to clients after a transaction is complete. These invoices are accurate, easy to read, and can be sent with "pay now" links embedded in emails, enabling your customers to pay them immediately.

Bill360 is one of few platforms that offer batch invoicing that allows you to send and your customers to pay multiple invoices at once. Batch invoicing saves you time, simplifies the payment process, and gets you paid faster.

Payment Processing

Most AR automation platforms require you to work with a third party when processing payments for credit cards and ACH. This can lead to disputes and delays and can possibly slow your cash flow, making it difficult to grow a business.

At Bill360, you get all in one - e-invoicing, auto reconciliation, and payment processing.  Our secure, digital platform processes payments whenever your customers pay with credit cards and ACH. This eliminates friction and most importantly saves you up to $2,500 in swipe fees you'd lose to a third-party processor.

Convenient Customer Portal

A majority of today's B2B buyers were born after 1980. They've grown up with technology and expect a simple, one-touch process paying bills.

Choose a platform that enables your customers to access self-service portals. These portals provide full transparency of invoice and buying history, easing your administrative burden. Instead of calling you to ask when an invoice is due or how much it is, customers simply log into their portals.

Portals are also where customers manage, set up, and store banking and card information in secure digital wallets. Rather than having to re-enter their information when paying a bill, customers use these wallets to make a payment by literally clicking a button. And they can do so whenever they want - even after your business has closed and there's no one around to answer the phone. You get paid faster and your customers appreciate paying bills in an instant and without any friction.

Bill360: Accounting Automation for B2B 

Prior to launching Bill360, our leadership team reached out to more than 2,000 B2B companies to see how they could streamline the AR process. That's why we're one of the few accounting automation platforms dedicated 100% to B2B companies like yours.

Bill360 has it all: e-invoicing, payment processing, and customer portals, saving you and your team up to 15 hours a week while getting you paid an average of 36% faster than your current AR process.

Schedule a free demo to learn how Bill360 solves pain points specific to your B2B.

FAQ

How can my customers set up their own payment methods?

Bill360's self-service portals allow your customers to manage, set up, and store payment information digitally. You no longer have to take the time to manually change this information or answer questions about invoice due dates or amounts. Your customers can add, delete, or revise payment methods, and then pay bills with a click.

What is batch invoicing?

Batch invoicing enables you to send multiple invoices at once rather than one at time. It also gives your customers the chance to pay multiple invoices at the same time.

Does accounting automation include payment processing?

It does with Bill360. Our embedded payment platform processes ACH and credit card transactions and does so with reduced fees that save up to $2,500. That's your money. You earned it. Bill360 makes sure you keep it.