Financial Management

Bill.Com Has Been Chosen By KPMG Spark To Automate Financial Operations Throughout Its Client Base

Bill.com, a largest supplier of cloud-based software that simplifies, digitises, and automates intricate back-office financial operations for small and medium-sized businesses (SMBs), confirmed recently that KPMG Spark has chosen Bill.com as their preferred partner to provide computerised bill pay to their clients. KPMG Spark, a KPMG business unit, is a managed accounting system that pairs small and medium-sized enterprises with a professional KPMG bookkeeper to deliver real-time online bookkeeping services.

Bill.com caters to the specific needs of accounting firms and their SMB clients, offering important benefits such as:

  • Bill payment automation: Easily route customers' invoices and review comments via pre-determined approval processes, saving up to 50% of time handling bill pay.
  • Multiple flexible and quick payment options: The ability to make same-day or next-day payments through ACH, cheque, cards, and international wire transfers.
  • One platform for everything: With 2-step verification and a single secure platform, businesses and clients can get quick and safe access from any device or location. The Bill.com platform secures data in transit and maintains all bank account information private from suppliers.
  • Single integrated dashboard: Examine outstanding to-do lists quickly and simply, access any document or vendor data, and view time-stamped audit-ready trails for each transaction.
  • Ease of integration via Bill.com's API: Improved client reporting metrics and real-time visibility.

“We selected Bill.com's platform because we intended to provide our clients a safe, simple-to-use, real-time, and cost-effective solution for their automated bill pay needs,” stated Timothy Stiles, CEO of KPMG Spark. “Bill.com's dedication to the small company community is well-known and consistent with KPMG's principles. We are excited to provide their services to our clients.” “We are excited to collaborate with KPMG Spark, the worldwide Big 4 accounting firm KPMG's fast-growing outsourced accounting services business. This collaboration will help us further our goal of making it easy for SMBs and accountants to connect and conduct business,” said Tom Clayton, Bill.com's Chief Revenue Officer. “With our technology, KPMG Spark can assist its clients substantially decrease time spent on manual financial procedures, allowing them to stay laser focused on operating their businesses.”

About Bill.com
Bill.com is a major supplier of cloud-based software that simplifies, digitises, and automates complicated back-office financial processes for small and medium-sized companies. The Bill.com platform is used by customers to handle end-to-end financial processes and execute payments. The Bill.com AI-powered financial software platform connects companies with their suppliers and customers. It aids in the management of cash inflows and outflows. The business collaborates with many of the biggest financial institutions in the United States, the majority of the top 100 accounting firms in the United States, and prominent accounting software suppliers. The company's headquarters are in San Jose, California.

Spotlight

As digital transformation strategies take hold and organizations embrace a philosophy of data-driven decision-making, many functions that have traditionally communicated little with each other are coming together around a shared need for current and relevant information. In this environment, IT and tax departments have a signifi


Other News
Financial Management

Synechron Launches 'Synechron Nexus' AI Solutions Suite in Fulfilling the Promise of AI With Ready-to-use Solutions

Synechron | February 02, 2024

Synechron, Inc., a leading global digital transformation consulting firm focused on financial services and technology organizations, announces the launch of its Synechron Nexus suite of nine Artificial Intelligence (AI) solutions that are ready to be deployed within weeks. This array of generative AI-led solutions was designed to span the nexus between human expertise and AI, while enabling users to automate manually intensive tasks, increase project speed, drive operational efficiencies, and reduce costs across various key business tasks. Each solution, divided among three value streams, allows Synechron clients to improve their operations, reduce friction in their processes and boost productivity. Business Growth: Practical, innovative applications that enhance business capabilities Synechron Amplifai is a GenAI-powered market research solution. Its automated research capability saves significant time in a wide range of use-cases, reducing the tedium of gathering, analyzing and reporting market news, trends and strategies. Synechron Clarifai is a tool for summarizing and analyzing call-center transcripts. Conversations are flagged for non-compliance and further human review/actions. Synechron Simplifai centralizes project portfolio data and metrics for streamlined executive decision-making, informing effortless, data-backed decisions for executive and steering committee groups. Operational Efficiency: Advanced solutions to streamline processes and elevate internal operations Synechron Nexus Chat is built on a conversational AI model, understands and engages in a comprehensive range of scenarios and supports plug-ins for real-time data and integration, while delivering human-like conversational responses and text, safely and securely. Synechron Replai is an AI-driven, RFP and proposals tool, streamlining proposal creation with high-quality, insightful responses, with the ability to search the internal knowledge repository for fast access and content re-use. Synechron Unifai is an AI-driven HR solution, designed to simplify interactions between company HR functions and employees, such as policy information and employee-specific payroll details. Synechron Identifai collects comprehensive online market intelligence and provides an in-depth understanding of business, emerging technology trends, or any research topic. Developer Productivity: Toolkit to optimize timelines, minimize costs, and automate practices across the Software Development Lifecycle (SDLC) Synechron Codifai is an SDLC productivity improvement tool, using automation in code generation, unit test case generation, legacy code migration, code optimizations, and automatic code documentation. It works closely with Synechron Verifai which addresses software testing aspects. Synechron Verifai is a GenAI tool for SDLC productivity, using automation in code generation with a focus on QA test case generation, automated test script generation, synthetic test data generation, and bug detection and bug fixing. It works closely with Synechron Codifai which addresses software development efficiency. This new Synechron Nexus AI suite of real-world, practical business solutions, combined with the five formalized RiskTech.AI Accelerators (launched in October 2023), leverages Synechron's AI Practice expertise globally. The creation of AI-led business solutions has been a passion of Synechron's for over a decade, and the firm's commitment to innovative excellence has won the firm eight prestigious AI industry awards to date. Faisal Husain, Synechron's Co-founder and CEO, said of the launch of the Synechron Nexus AI Suite of solutions, "We are proud to be releasing this extensive array of AI-enhanced solutions that go beyond the hype, and provide significant, tangible benefits to business operations. AI and GenAI-rich tools are not just ideas we offer to our clients, but key process accelerators that we ourselves at Synechron are deploying across our company, as we offer ways to integrate the benefits of this technology with human expertise." Ryan Cox, Co-head of Synechron's AI Practice in the UK, added, "Our team has developed, tested, and successfully integrated these advanced AI solutions. Our approach is to strategically guide our clients to integrate AI effectively within their business processes. We identify the key areas where AI can bring the most impact, aligning our solutions to their unique business needs. This targeted approach ensures significant value creation with maximum benefit." Prabhakar Srinivasan, Co-head of Synechron's AI Practice in Bangalore, India, commented, "Artificial Intelligence has proven to be a wonderful force for driving business enhancements by quickly synthesizing extraordinarily large data sets. The Large Language Models used learn over short span of time on how to optimize each firm's proprietary information, thereby boosting productivity and allowing businesses to realize time and cost savings as they optimize tasks." About Synechron At Synechron, we believe in the power of digital to transform businesses for the better. Our global consulting firm combines creativity and innovative technology to deliver industry-leading digital solutions. Synechron's progressive technologies and optimization strategies span end-to-end Artificial Intelligence, Consulting, Digital, Cloud & DevOps, Data, and Software Engineering, servicing an array of noteworthy financial services and technology firms. Through research and development initiatives in our FinLabs we develop solutions for modernization, from Artificial Intelligence and Blockchain to Data Science models, Digital Underwriting, mobile-first applications and more. Over the last 20+ years, our company has been honored with multiple employer awards, recognizing our commitment to our talented teams. With top clients to boast about, Synechron has a global workforce of 15,000+, and has 48 offices in 19 countries within key global markets.

Read More

Spotlight

As digital transformation strategies take hold and organizations embrace a philosophy of data-driven decision-making, many functions that have traditionally communicated little with each other are coming together around a shared need for current and relevant information. In this environment, IT and tax departments have a signifi

Resources