Bill.com is the leading digital business payments company creating magically simple A/P and A/R solutions. They are uniquely positioned at the center of business payments, uniting banks, accountants, and businesses on the fastest growing payments network. Bill.com helps over 1,000,000 network member’s process over $25 billion in payments per year and saves companies up to 50 percent of the time typically spent on financial back-office operations by securely automating their end-to-end processes. Three of the top ten U.S. banks and 35 percent of the top 100 accounting firms rely on Bill.com as their primary payments solution.
René Lacerte founded Bill.com in April 2006, bringing to the company more than 20 years experience in the finance, software and payments industries. Previously, they founded PayCycle, which became the industry’s leading online payroll service (acquired by Intuit in 2009).
While leading PayCycle, Lacerte recognized first-hand the need to simplify, consolidate and automate how business and finance professionals manage their payments processes for accounts payable, accounts receivable, and cash flow management tasks.
They knew connecting all the players (executives, managers, clerks, vendors, customers and accountants) with built-in collaboration and communication tools would save time and improve efficiency. With all these insights in mind, Bill.com was born.