PALO ALTO, CA -- (Marketwired) -- 08/29/13 -- Bill.com, the leader in integrated bill payment, invoicing and cash flow management solutions for businesses, today announced that its unique customizable entitlements are empowering banks to offer small businesses unprecedented security and control. Businesses can finally define the roles and permissions that govern who has access to specific information and functions in their organizations, rather than simply assign roles within the confines of systems built with consumers rather than businesses in mind.
"This is a totally new way of looking at entitlements. A bank can offer small business owners a way to delegate cash flow management functions at a more granular level," said Donna Arce, Managing Director of the Business Internet Banking Program, Barlow Research. "Offering a wide range of entitlement capabilities not only provides for tighter levels of control, it empowers the customer to manage their finances in a way that works best for them and their business."
As opposed to other entitlement solutions, which just support entitlements around payments, the Bill.com entitlement solution can be built around all business objects, serving a business's entire workflow. Entitlements can be defined around specific business objects such as customers, vendors, invoices, payments, or documents. Businesses can determine which employees have access to specific types of objects, tailoring the system to the business's unique processes.
In stark contrast to many online banking solutions, which are still based on consumer platforms that have no entitlements at all, and other business-oriented solutions, which only address payables in a rudimentary manner, Bill.com allows for complete segregation of duties, empowering businesses to create entitlements that work for their specific needs.
"Without customized entitlements that address a company's entire workflow, the power and efficiency of the cloud is simply lost in the same inefficiencies and roadblocks of in-person approvals," said René Lacerte, founder and CEO, Bill.com. "We are pleased to bring banks another way to make small businesses' lives easier by making online banking solutions more powerful -- and tailored to businesses rather than consumers -- than ever before."
The Bill.com entitlement feature is currently available for all banks and is already built into the Bill.com solution for small businesses and accountants. For more information, please visit http://www.bill.com/for-banks.
About the Bill.com Banking Platform
The Bill.com Banking Platform is the only solution that makes banks the core of their customers' business. By allowing banks to integrate the Bill.com solution with their own platform, Bill.com empowers banks to own the entire cash flow management process -- from payables to receivables to cash flow visualization. Bill.com makes banks the focal point of all their customers' transactions, letting banks monetize the full cash management process while solving a significant pain point for SMBs by finally automating and connecting all of their financial processes. The award-winning Bill.com platform is being embraced by banks because it creates significant new revenue streams while enhancing customer loyalty and satisfaction. For more information, please visit www.bill.com/for-banks.
Bill.com is the home of the fastest-growing business payments network in the nation, enabling 250,000 users to pay and get paid millions of bills worth billions of dollars. The Bill.com Business Payments Network brings small-to-medium businesses simple online bill payment, custom invoicing services, unlimited document storage, workflow collaboration, and the ability to access their back office from anywhere via any mobile device. Bill.com's services easily sync to users' accounting software and online bank accounts to better control company financials while also guarding against errors and offering enterprise-class fraud protection that current methods cannot match. Bill.com serves customers through its direct, accountant and bank channels, bringing together people, systems and documents to redefine how business payments are made.
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