PALO ALTO, CA, Nov 05, 2008 (MARKET WIRE via COMTEX) -- Bill.com, Inc., the leading provider of on-demand accounts payable applications, today announced a new partnership and integration with Intacct, the market and technology leader in on-demand financial management and accounting applications. Integration of these best-of-breed Software as a Service (SaaS) financial applications has significant upside to Bill.com's and Intacct's target audience of CPA firms and small and midsized businesses. Many of these companies lack the IT resources required to connect, manage and support disparate applications, but need the financial and practical benefits inherent to SaaS solutions, tighter business processes, improved productivity and enhanced visibility into financial performance.
 

In conjunction with the integration news, Bill.com also announced today it has joined the Intacct-Ready(TM) Partner Program, which defines certified integration and aligned business practices between Intacct and leading best-of-breed SaaS vendors.

Through the new integration, vendors, general ledger accounts, departments, and locations stored within Intacct can be easily synchronized with Bill.com. Likewise, invoice and payment information contained in Bill.com can be synchronized with Intacct, ensuring consistent recording of payables transactions while eliminating the need to manually enter data from one application into the other. The combined solution can help clients save between 50% - 80% of the time and money used to manage their payables and business records.

Bill.com automates the critical tasks that consume CPAs and small business finance executives, including accounts payable approval processes, financial document management, cash management, bill payment scheduling, check writing and advanced fraud protection. Its secure online system eliminates paper from these processes, making it easier and less costly for users to route, approve, pay and file bills, and track these activities from anywhere, anytime, via an Internet-connected computer.
 

"The days when clients were forced to do the heavy lifting to integrate and manage disparate business applications is over," said Daniel Druker, senior vice president of marketing and business development at Intacct. "Intacct, Bill.com and other like-minded SaaS innovators are pioneering a new model, one that shifts responsibility for aligning, delivering and supporting business applications to the vendors -- where it belongs. Aligning accounts payable with other accounting processes is critical to financial management -- particularly in these challenging economic times. We are excited to offer this integration to customers and we welcome Bill.com into the Intacct-Ready Partner Program."

"The SaaS segment of the software market continues to flourish because the fundamentals of the model -- low cost, ease-of-use and increased visibility into business performance -- remain strong reasons for small and midsized businesses to choose SaaS over traditional business software applications," said Jeffrey Schultz, vice president of marketing at Bill.com. "Organizations that are seeking greater control of cash flow and payables, and have a desire to eliminate the burden of filing bills and writing checks, will benefit most from the integration of Bill.com with Intacct. By uniting these applications we've simplified the process of managing money, so our clients can focus on growing their businesses."

The Intacct-Ready Partner Program champions leading SaaS vendors, such as Bill.com, that develop and certify integration between their systems and Intacct's on-demand financial management applications. In joining the program, Bill.com is demonstrating a commitment to the client community it shares with Intacct by agreeing to support integration with the Intacct system, while coordinating service level agreements and customer service procedures. Bill.com and Intacct will also collaborate around product development and marketing programs.

Intacct is a market and technology leader in on-demand financial management and accounting applications. The company's award-winning solutions are used by thousands of businesses, from startups to public companies, and are designed to improve company performance and make finance more productive. Intacct automates key business processes from order entry through cash collection and procurement through vendor payment. The Intacct system includes accounting, contract management, revenue recognition, inventory, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the Web via Software as a Service. Intacct is the only on-demand financial management solution seamlessly integrated with salesforce.com. As a company grows, Intacct's deep and mature applications, SAS 70 Type II certification, and documented processes support Sarbanes-Oxley compliance for public enterprises.

Intacct is headquartered in San Jose, California, with operations in Bangalore, India. For more information, please visit www.intacct.com.

Based in Palo Alto, Calif., Bill.com is an on-demand accounts payable application for small and midsized businesses. Bill.com clients can receive, route and pay invoices electronically -- users never have to touch a paper bill again -- resulting in time and cost savings to finance personnel of over 50% versus manual accounts payable and check writing processes. Invoices are emailed, scanned or faxed into the Bill.com solution. Digital images of invoices are then routed electronically for approval, ensuring a complete audit trail and eliminating lost or mishandled paper. Users can access digitized supporting documents such as current and past bill images, cleared check images and contracts, at every step in the process, from anywhere, at any time, over the Internet. Bill.com handles check printing and mailing, and uses enterprise-class fraud protections that are impractical for small and midsized businesses to implement on their own. Bill.com integrates with popular desktop and on-demand accounting packages, ensuring consistency of financial data and streamlined financial planning, reporting and audit activities.

For more information, visit www.Bill.com or watch the Bill.com Video
( http://www.youtube.com/watch?v=Mv-fFtSqmoE).