Unlock the power of seamless financial management with BILL Expense Management software. From real-time visibility into your spending and user-friendly interfaces to agile budget controls and top-notch customer support, BILL offers a one-stop solution for all your business financial needs. Say goodbye to manual errors, delayed approvals, and fragmented financial data; with BILL, you’re always in control, making smarter decisions and maximizing operational efficiency.
- Agile budget control
- Responsive customer support
- Easy to navigate
- Real-time visibility
- Lack of advanced features
- Communication issues
- Lack of customization
Navigating the labyrinth of financial management can be a daunting task for any business, but what if there was a software that could simplify it all?
Enter BILL Expense Management, a game-changing solution that offers a seamless blend of expense tracking, budget control, and real-time financial insights.
Whether you’re a startup looking to scale or an established enterprise aiming for optimized financial operations, this article will unveil how BILL’s diverse features can revolutionize your approach to business finance.
Read further to learn more about BILL, in our review we will detail its features, pros and cons with our rating, and a conclusion about why you should use it.
Click on “open” if you want to see exactly what we will talk about in the rest of this article.
What is BILL?
BILL Spend & Expense, formerly known as Divvy, is an all-in-one expense management solution designed to automate financial operations for businesses. The software offers credit limits ranging from $500 to $5 million and comes free of charge.
It integrates corporate cards with expense management features, providing real-time visibility and customizable control over business finances.
The platform streamlines expense reporting, simplifies budget management, and offers virtual cards to protect against fraud and overspending. It also includes features for tracking out-of-pocket expenses and managing reimbursements, all accessible via a highly-rated mobile app.
|ACH Payments / AI Assistant / API Access / Account Manager / Accounting management / Budget Management / Centralized Dashboard / Dual control / Efficient Reimbursement Management / Expense Management Tool / International payments / Invoice Management / Invoicing / Manager Approvals / Mobile app / Pay by Card / Payment Reminders / Payment Tracking and Reporting / Reports and Analytics / Rewards / Single Sign-On (SSO) / Task Automation / Virtual Credit Card
|Best suited for
|Individuals, Freelancers, Small businesses, Mid size businesses, Large enterprises
|Visit official website
|San Jose, CA
BILL pricing: How much does BILL cost?
Whether you’re a small business or a large enterprise, BILL has got you covered with plans ranging from $0 to $79 per user per month.
From essential accounts payable and receivable features to advanced sync options and unlimited document storage, there’s a plan tailored just for you. Unlock the full potential of your business finances without breaking the bank!
|From $45 to $79 per month
|Yes, 30 days
|Money back guarantee
|Pricing page link
BILL pricing plans
Accounts Payable Pricing Plan
- Essentials: $45/user/month
- Manual integration with accounting software via CSV
- Bill entry and approval automation
- Multiple payment methods including ACH and virtual card
- Centralized bill management
- Standard approval policies
- 6 standard user roles
- Team: $55/user/month
- Automatic 2-way sync with QuickBooks and Xero
- Custom approval policies
- Custom user roles
Accounts Receivable Pricing Plan
- Essentials: $45/user/month
- Manual integration with accounting software via CSV
- Custom invoice creation and flexible sending
- Invoice tracking and automated payment reminders
- Payment via ACH and credit card
- Team: $55/user/month
- Automatic 2-way sync with QuickBooks and Xero
- Automated payment reminders and auto-pay features
AP & AR Combined Pricing Plans
- Corporate: $79/user/month
- All features of Team plans for both AP and AR
- Unlimited document storage
- Discounts for approver-only users
- Enterprise: Custom Pricing
- All features of the Corporate plan
- Additional sync options and multi-entity accounting
- API access and priority support
Spend & Expense Pricing Plan
- Access to credit lines from $500-$5M
- Unlimited physical and virtual cards
- Proactive spend controls and automated expense management
- Real-time transaction tracking and receipt matching
- Integration with everyday apps
- Flexible rewards
These pricing plans offer a range of options to suit different business needs, from basic functionalities to advanced features for larger enterprises.
BILL features: What can you do with it?
The following sections delve into the comprehensive features offered by the BILL Expense Management software. These features are designed to streamline various financial operations for businesses, from accounts payable and receivable to spend and expense management.
Each feature is elaborated upon to provide a clear understanding of its functionality and benefits, aiming to offer a holistic view of how the software can optimize your business’s financial processes.
Accounts Payable and Accounts Receivable
Automated Clearing House (ACH) payments are designed for both security and efficiency. This BILL feature is particularly useful for businesses that handle a large volume of recurring payments.
It eliminates the need for paper checks, thereby reducing manual processing time and the risk of errors. It’s a cost-effective way to manage transactions, especially for businesses looking to automate their financial workflows.
Pay by Card
This BILL feature provides the flexibility to pay vendors using credit cards, even if those vendors do not traditionally accept card payments. This is particularly beneficial for cash flow management, as it allows businesses to extend their payment terms.
Additionally, using credit cards for payments can help businesses accumulate rewards or cash back, providing extra financial incentives.
International payments are simplified with this feature, which supports transactions to over 130 countries. BILL handles currency conversion and complies with international financial regulations, making it easier for businesses to expand globally.
The feature streamlines the payment process, reducing the administrative burden of making multiple types of international payments.
The invoicing feature at BILL is a comprehensive tool for creating, sending, and managing invoices. It includes a customer portal where invoices can be paid directly using a card or ACH, thereby speeding up the accounts receivable process.
This feature is particularly useful for businesses that need to manage a large number of invoices and want to reduce the time spent on invoice processing and follow-ups.
The approvals feature is designed to enhance internal financial controls within a business. BILL tracks the entire approval process for payments, ensuring that each transaction is reviewed and authorized by the appropriate personnel.
This adds an extra layer of security and fraud protection, making it an essential feature for businesses concerned about financial integrity.
The software incorporates Artificial Intelligence (AI) to automate various financial tasks. This includes everything from categorizing expenses to flagging unusual spending patterns, which can help prevent fraud.
The AI capabilities significantly reduce manual work, improve accuracy, and speed up the entire bill payment process.
BILL Controls are in place to allow businesses to set custom roles and permissions for different users.
This provides a robust framework for internal controls, ensuring that only authorized individuals have access to specific financial information and functionalities. It’s an important feature for businesses looking to minimize risks associated with human error or internal fraud.
The BILL mobile app extends the software’s functionality to smartphones and tablets, allowing users to manage bills, approve payments, and review accounts from anywhere.
This is particularly useful for businesses with a mobile workforce or those that require real-time access to financial data for decision-making.
Spend & Expense
The BILL business credit feature offers quick and flexible credit lines to businesses of all sizes. The application process is simple and fast, often providing credit approval within minutes.
This feature is particularly useful for businesses that need quick access to funds for operational expenses or growth initiatives.
Budget management tools are integrated into the software to help businesses allocate and track resources more efficiently. These BILL tools provide real-time insights into spending, enabling better financial planning and decision-making.
The feature is designed to help businesses avoid overspending and better align their budgets with their financial goals.
The expense management feature is designed to simplify the complex task of tracking and categorizing business expenses.
BILL automates the process of expense reporting and approval workflows, thereby reducing administrative overhead. This feature is particularly useful for businesses that need to manage expenses across multiple departments or locations.
BILL Virtual cards add an extra layer of security to business transactions. These cards can be generated for specific vendors or spending categories, and they come with customizable spending limits.
This feature is particularly useful for businesses looking to minimize the risk of fraud and unauthorized spending.
The reimbursements feature consolidates all types of spending—whether out-of-pocket, card-based, or other—into a single system.
This streamlines the process of tracking and managing expenses, making it easier to submit and approve reimbursement claims. It’s a time-saving feature that also improves the accuracy of expense tracking.
The BILL rewards feature offers incentives for spending through the BILL Divvy Corporate Card. For every dollar spent, businesses can earn points or cash back, which can be redeemed for various rewards.
This adds an extra financial benefit to using the software and can lead to significant cost savings over time.
Reporting and Insights
The reporting and insights feature provides advanced tools for monitoring and analyzing spending data.
These tools offer granular insights into spending habits, helping businesses identify areas for cost reduction and efficiency improvement. It’s an invaluable feature for businesses that are focused on optimizing their financial performance.
The payment services feature is designed to streamline the accounts payable process. It offers a free vendor payment solution that automates payment scheduling and tracking.
This reduces the manual effort required to manage vendor payments and ensures that payments are made accurately and on time.
The mobile app is highly rated and offers a wide range of functionalities, including budget management, virtual card issuance, and more. It allows users to manage their financial operations on the go, providing real-time access to essential data.
This feature is particularly useful for businesses that require flexibility and instant access to financial information for timely decision-making.
BILL review: Why you should use it?
BILL, an Expense Management software, offers an all-in-one solution that combines robust expense management features with corporate cards, providing real-time visibility and control over your business finances.
The software is highly rated by users for its ease of use, quick implementation, and excellent customer support. It automates various financial tasks, making it easier for businesses to manage budgets, track expenses, and handle reimbursements, thus freeing up valuable time and resources.
Pros and Cons
- Real-Time Visibility: The software provides real-time tracking of all transactions, giving you immediate insight into your spending.
- Ease of Use: Users find the interface simple and user-friendly, making it easy to manage company perks, trip expenses, and reimbursement requests.
- Budget Control: The software allows for agile budget approval and real-time expense capture, enabling better financial decision-making.
- Customer Support: Users have praised the quality and responsiveness of customer support, which is crucial for resolving any issues quickly.
- Lack of Customization: The software currently offers limited roles with no customization available, which may not suit all organizational needs.
- Communication Issues: There have been instances where the software’s authenticator was down, and no communication was sent out, causing inconvenience.
- Accounting Controls: While the software is excellent for end-users, it lacks some features that would make it more useful for accounting professionals, such as an audit trail.
Frequently Asked Questions
How does BILL improve real-time visibility?
The software provides real-time tracking of all transactions, allowing businesses to have immediate insights into their spending patterns. This feature is particularly useful for monitoring budgets and making quick financial decisions.
Is the software user-friendly?
Yes, one of the key advantages of using BILL Expense Management software is its user-friendly interface. Users find it easy to navigate, making tasks like managing company perks, trip expenses, and reimbursement requests straightforward.
How does the software help in budget control?
BILL Expense Management allows for agile budget approval and real-time expense capture. This enables businesses to make better financial decisions and ensures that spending stays within budget limits.
Have there been any communication issues with the software?
Some users have reported instances where the software’s authenticator was down, and no communication was sent out, causing inconvenience. However, these instances are rare.
Is BILL suitable for accounting professionals?
While the software is excellent for end-users, it lacks some features that would make it more useful for accounting professionals. For example, it currently does not offer an audit trail, which is a standard feature in most accounting software.
What types of payments does BILL support?
BILL Expense Management supports a variety of payment methods, including ACH payments, credit card payments, and international payments. This flexibility makes it easier for businesses to manage different types of transactions.
How does the software protect against fraud?
The software offers features like approvals and virtual cards to add layers of security to your transactions. These features help in minimizing the risk of fraudulent activities and unauthorized spending.
What are the artificial intelligence features in BILL?
The software incorporates AI to automate various tasks like categorizing expenses and flagging unusual spending patterns. This helps in reducing manual work and improving the accuracy of financial transactions.
How does the mobile app enhance the software’s functionality?
The mobile app allows you to manage budgets, approve payments, and review accounts from anywhere. It’s particularly useful for businesses that require real-time access to financial data.
What kind of rewards can I earn with the BILL Divvy Corporate Card?
The software offers rewards for every dollar spent on the BILL Divvy Corporate Card. These rewards can be in the form of points or cash back, providing an extra financial incentive for using the software.
How does BILL assist in reporting and insights?
The software includes advanced reporting tools that offer granular insights into spending habits. These tools help businesses identify areas for cost reduction and efficiency improvement.
Is the software scalable for growing businesses?
Yes, BILL is designed to scale with your business. Whether you’re a small startup or a large enterprise, the software offers features that can be tailored to meet your specific needs.
Can I set custom roles and permissions in the software?
While the software does offer some level of customization in setting roles and permissions, it currently lacks the ability to fully customize these roles to suit all organizational needs.