Feb 08, 2021

How Bill.com Helps Businesses Get Paid Faster

How Bill.com Helps Businesses Get Paid Faster

90% of small to medium-sized businesses still use checks to manage their back offices. Bill.com enables these businesses to automate their accounting work with a machine-learning integrated platform—effectively replacing time-consuming, manual processes to streamline payroll and reduce the risk of human error.

When the Covid stay-at-home era began, it became clear that every firm needed to adopt an online bill payment service. As a design partner, YML worked with Bill.com to build their first intelligent, easy-to-use digital interface to create and pay bills, send invoices, and get paid faster.

In December 2020, Bill.com went public with a $1.6 billion valuation. On the first day of trading, shares jumped 60%. As one of the best IPOs in FinTech since the industry was born in 2005, their shares have continued to increase more than fivefold. More than 80% of the top 100 accounting firms use Bill.com, and they partner with leading U.S. financial institutions.