BILL
BILL is a financial operations platform that automates accounts payable and receivable processes to help small and mid-sized businesses manage cash flow and simplify complex back-office financial tasks.
Billtrust
Billtrust provides an automated accounts receivable platform that helps you accelerate cash flow by streamlining invoicing, payments, and collections through a unified cloud-based solution.
Quick Comparison
| Feature | BILL | Billtrust |
|---|---|---|
| Website | bill.com | billtrust.com |
| Pricing Model | Subscription | Custom |
| Starting Price | $45/month | Custom Pricing |
| FREE Trial | ✓ 30 days free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2006 | 2001 |
| Headquarters | San Jose, USA | Lawrenceville, USA |
Overview
BILL
BILL helps you take control of your financial back office by automating the way you pay bills and get paid. You can ditch manual data entry and paper checks by digitizing your entire accounts payable and receivable workflows. The platform uses AI to scan invoices, routes them for approval automatically, and lets you issue payments via ACH, virtual cards, or international wires with just a few clicks.
Beyond simple payments, you can manage employee spending and corporate cards through integrated expense management features. It syncs directly with your existing accounting software like QuickBooks or Xero to keep your books updated in real-time. Whether you are a solo founder or a growing mid-market firm, you can eliminate bottlenecks and gain a clearer view of your business cash flow from a single dashboard.
Billtrust
Billtrust is a comprehensive accounts receivable automation platform designed to help you get paid faster while reducing manual workloads. You can manage the entire order-to-cash cycle in one place, from initial credit applications and electronic invoicing to payment processing and cash application. By automating these repetitive financial tasks, you minimize human error and provide your customers with a modern, digital payment experience that fits their preferred workflows.
The platform is built for mid-market and enterprise organizations that handle high volumes of transactions across various industries like manufacturing, distribution, and transportation. You can integrate it directly with your existing ERP system to ensure data stays synchronized across your financial stack. Whether you need to automate collections outreach or simplify complex multi-channel invoicing, the software provides the tools to optimize your working capital and improve operational efficiency.
Overview
BILL Features
- AI Invoice Entry Capture invoice data automatically using AI that extracts vendor details and amounts to eliminate manual typing errors.
- Automated Approvals Create custom approval workflows so bills are automatically routed to the right person for a digital sign-off.
- Flexible Payments Pay your vendors your way using ACH, credit cards, international wires, or even automated paper checks.
- Smart Invoicing Send professional invoices electronically and set up automatic payment reminders to help you get paid faster.
- Expense Management Issue corporate cards to your team and set proactive spend limits to control company costs before they happen.
- Accounting Sync Connect your accounting software to sync transactions automatically and ensure your general ledger is always accurate.
Billtrust Features
- Electronic Invoicing. Deliver invoices through your customers' preferred channels, including email, AP portals, and digital lockboxes to ensure faster delivery.
- Business Payments Portal. Give your customers a branded self-service portal where they can view balances, download invoices, and make secure payments easily.
- Automated Cash Application. Match incoming payments to open invoices automatically using AI-powered matching logic, even when remittance data is messy or missing.
- Collections Management. Prioritize your outreach with automated workflows and risk-based scoring so you focus on the accounts that impact cash flow most.
- Credit Automation. Onboard new customers faster with digital credit applications and automated credit scoring to make informed lending decisions in minutes.
- Payment Processing. Accept credit cards, ACH, and wire transfers securely while benefiting from lower processing costs through optimized Level 2 and 3 data.
Pricing Comparison
BILL Pricing
- Choice of AP or AR focus
- Unlimited document storage
- Standard approval workflows
- Import/export with accounting software
- Email and chat support
- Everything in Essentials, plus:
- Sync with QuickBooks and Xero
- Custom user roles and permissions
- Multi-level approval workflows
- Centralized inbox for invoices
Billtrust Pricing
Pros & Cons
BILL
Pros
- Significantly reduces time spent on manual data entry
- Seamless integration with popular accounting software like QuickBooks
- Easy-to-use interface for non-technical team members
- Reliable digital audit trail for all transactions
- Mobile app makes approving payments easy on the go
Cons
- Monthly per-user fees can become expensive
- Transaction fees apply for certain payment methods
- Customer support response times can be slow
- Occasional sync errors with external accounting tools
Billtrust
Pros
- Significantly reduces manual data entry for cash application
- User-friendly payment portal improves the customer experience
- Strong integration capabilities with major ERP systems
- Automated reminders help decrease Days Sales Outstanding
Cons
- Initial implementation process can be time-intensive
- Reporting tools may require a learning curve
- Occasional delays in customer support response times