Bill.com and Xero introduce a direct sync integration for SMBs. Hear what our CEO and Xero's GM had to say about the newly released feature.
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Joint integration provides business owners with better control and insight into their financial information
San Francisco and Palo Alto, CA – August 31, 2015, Bill.com, a leading business payments network, and Xero, global leader in cloud accounting software for small businesses, today announced the availability of their Direct Sync integration for small and medium-sized businesses. Business owners can now seamlessly sync their Xero and Bill.com accounts to integrate bill pay with online accounting—providing small business owners with a real-time snapshot of their financials.
“Small businesses using Xero can now enjoy a more seamless and fluid way to manage their payments,” said René Lacerte, founder and CEO of Bill.com. “Our partnership with Xero enables businesses to manage their accounting and payment processes with ease and efficiency.”
Bill.com and Xero Direct Sync eliminates the need for double data entry and enables paperless accounts payable, accounts receivable and bill payment workflows. The solution can be up and running in less than an hour, saving business owners time and money. Additional benefits include: • Automatically transfer and manage unpaid bills from Xero into Bill.com. • Automatically sync a range of data with Xero including accounts, vendors, customers, vendor credits and more. • Reconcile payments made through Bill.com using Xero bank reconciliation features. • Direct access to world-class customer service and payment support.
“Our partnership with Bill.com will offer a simple solution for managing payments and tracking cash flow - both crucial to the health of small businesses,” said James Maiocco, GM Business and Corporate Development, Xero. “Xero and Bill.com Direct Sync will make life easier for our customers by reducing the time spent on tedious back-office processes instead enabling them to focus on growing their businesses.”
To complement the joint integration, Xero is announcing a new program benefiting Xero Partners, providing accountants with a no-subscription account for their firm, along with a special price on the Bill.com Accountant Program - $30/month (regularly $49/month). This program provides access to client accounts with just a click, free training with CPE credits, certification and discounts.
To sign up and request your discounted Bill.com Accountant Program membership and complementary Bill.com account, please visit www.bill.com/xeropartners. For more information about Bill.com and Xero Direct Sync, please visit www.bill.com/xero-add-on-integration//, and for a video on how it works, please visit www.xero.com/us/bill//.
About Bill.com Bill.com (www.bill.com) is the leading digital business payments company creating magically simple A/P and A/R solutions. We are at the center of business payments, uniting banks and businesses on the fastest growing payments network. Bill.com helps over 600,000 network members process over $20 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 41 percent of the top 100 accounting firms rely on Bill.com as their primary payments solution. The recipient of more than 40 awards, Bill.com was recently recognized as one of the San Francisco Business Time's Most Innovative Companies and proudly received a PC Magazine's Editor's Choice Award. For more information, please visit www.bill.com.
About Xero Xero is beautiful, easy-to-use online accounting software for small businesses and their advisors. The company has over 540,000 subscribers in more than 180 countries. Xero seamlessly integrates with over 400 third-party tools, and was ranked No. 1 by Forbes as the World's Most Innovative Growth Company in 2014 and 2015. Press Contacts SutherlandGold Group for Bill.com Elena Keamy, 619-917-7147 Bill.com@sutherlandgold.com
Xero Clint Bagley, 415-699-8280 clint.bagley@xero.com