Billing and invoicing automation company Bill.com has made its International Business Payments offering generally available to all users, following a successful pilot program. Now Bill.com business clients and their accountant users can make electronic international business payments the same way they make domestic payments.
International Business Payments is supported on iOS and Android mobile platforms. Firms and their clients in the United States can now pay vendors in nearly 40 countries, including India, China, the Eurozone, and others; and payments can be made in U.S. dollars or local currencies.
Cross-border payments with banks come with an inherent risk for data entry error, as they often require entering the same information twice — once into a bank wire form and then again into accounting software. BIll.com’s International Business Payments solution is an effort to automate extraneous data keying. Users can receive, process and pay invoices, and then sync with accounting software including Sage Intacct, NetSuite, QuickBooks and Xero.
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Bill.com claims to save businesses and firms an average of 50 percent on the cost of a wire transfer.
“The future of business is digital, but it’s also global. Today, Bill.com processes over $62 billion annually in business payments,” said René Lacerte, CEO and founder of Bill.com, in a statement. “With Bill.com International Business Payments, we provide accounting firms and their clients with a simple and cost-effective way to pay electronically all over the world, with just a few clicks. We are delighted to see the customer response to this new offering.”
For more information, visit the Bill.com International Payments page here.
Bill.com is extending the special promotional price from the pilot program of $9.99 per transaction. If you are already a Bill.com customer and want to try Bill.com International Business Payments, log in at www.bill.com, add an international vendor, and send the payment.