Despite how far technology has come over the past few decades, a great number of companies still do a large part of their business on paper. While this practice is old and familiar, it is also extremely time consuming and does not lend itself very well to accessibility or trackability.

René Lacerte, CEO and founder of Bill.com Inc. sat down with John Walls (@JohnWalls21) and Jeff Frick (@JeffFrick), co-hosts of theCUBE*, from the SiliconANGLE media team, as part of the Quickbooks Connect event in San Jose, CA, to talk about his company and how it is working with QuickBooks Online to help QuickBooks customers automate the vast majority of accounting processes.

Financial workflow automation saves an enormous amount of time

When Lacerte started at Bill.com 10 years ago, his app was one of the first to be utilized by Intuit on its Quickbooks Online platform. His focus was on automation, because he believed a great deal of time could be recovered if businesses would simply automate their accounting processes. That time can then be spent on more important tasks, such as growing a business or interacting with customers.

“We give customers the ability to store all their bills, to route those bills for approval, to make those payables electronically, track those payments, be able to interact with your vendors, and we do the same thing on the receivables side,” said Lacerte. “So our customers have the ability to kind of have their ‘back office in their back pocket,’ is the way I like to talk about it.”

Full integration with QuickBbooks Online

The developer relationship with Intuit has existed since Bill.com was first picked up by the QuickBooks app platform and has only grown in the years since, Lacerte said. So when Intuit began to see an opportunity to do some automation within the core functionality of QuickBooks Online, it partnered with Bill.com to bring this idea to fruition.

“When they kinda started looking at this in the last year, they started thinking there were some interesting things they wanted to build into the core QuickBooks Online platform,” said Lacerte. “So what we’re in the process of doing is taking all of the workflow, all of the automation, that we’ve built at Bill.com and we’re vetting that inside of QuickBooks Online.”

Both Intuit and bill.com see this as great partnership and think QuickBooks Online customers will see this new feature as a great opportunity to streamline their accounting process from start to finish.

“All of those customers are gonna have the ability to be able to get in there and automate the entire payables process,” Lacerte added. “All the source documents and the bills will be automatically routed into QuickBooks Online.”

Watch for the complete video interview below, and be sure to check out more of SiliconANGLE and theCUBE’s coverage of QuickBooks Connect.

*Disclosure: Intuit and other companies sponsor some Quickbooks Connect segments on SiliconANGLE Media’s theCUBE. Neither Intuit nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.

Photo by SiliconANGLE