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About

BILL (NYSE: BILL) is a leading financial operations platform for small and midsize businesses (SMBs). As a champion of SMBs, we are automating the future of finance so businesses can thrive. Our integrated platform helps businesses to more efficiently control their payables, receivables and spend and expense management. Hundreds of thousands of businesses rely on BILL’s proprietary member network of millions to pay or get paid faster. Headquartered in San Jose, California, BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and accounting software providers. For more information, visit bill.com.

About

Monk is an AI-native accounts receivable platform that automates invoice to cash for B2B finance teams: invoicing, AP portal submission, collections and cash application, on top of your existing ERP. Across the $2B+ in receivables Monk manages, 92% of enterprise invoices have to be submitted through a corporate AP portal rather than paid from an emailed invoice. Monk submits into more than 600 of them, including Coupa, Ariba and SAP Business Network, and uploads 87% autonomously. Julia, the Monk agent for Intelligent Collections, reads customer replies and responds to what was written rather than advancing a fixed dunning sequence. 90% of invoices resolve without escalation. Email sends from your own mailbox via Gmail or Microsoft 365, so there is no new sending domain. Payments match to open invoices at 80%, rising to 95% with rules your team configures. Connects to QuickBooks, NetSuite and Dynamics 365 Business Central. Live in one to three days. SOC 2 Type II.

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Supported
iPad Supported
Android Supported
Chromebook Not Supported

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Audience

Organizations interested in a powerful solution to way to create and pay bills, send invoices, and get paid

Audience

Controllers, AR managers and finance operations teams at B2B companies that invoice enterprise customers through AP portals

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported

API

Offers API Supported

API

Offers API Supported

Screenshots and Videos

Screenshots and Videos

Pricing

$45 per user per month
AP: Starts at $45/user/month
Spend & Expense: $0/user/month
Free Version Not Supported
Free Trial Supported

Pricing

We offer tailored packages to fit your needs. Contact us to learn more or schedule a demo.
Free Version Not Supported
Free Trial Not Supported

Reviews/Ratings

Overall 4.4 / 5
ease 4.6 / 5
features 4.6 / 5
design 4.4 / 5
support 5.0 / 5

Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 5.0 / 5
support 5.0 / 5

Pros & Cons from Real Users

Pros

  • This is a great way to pay all our bills in one place from multiple sources. It is intuitive to use . You can set up two or three way approvals with this system to streamline your approval system.
  • I like how easy it is to add new invoices to be paid. Once the invoices are in the system it automatically matches them to vendors. This can help quicken the data entry process. It also allows us to maintain internal controls by allowing a remote worker to make the payments and separate the work. Being able to pay vendors via electronic fund transfers is great and the process to request the vendor set it up is easy on our end.
  • We are a small non-profit without a dedicated administration or accounting team, and bill.com has been a great way to easily pay invoices, even to international donors. Customer support has been prompt when we've had questions or need assistance.
  • I like that Bill.com connects to QuickBooks and is user-friendly for people who don't have extensive experience in accounting. The features are intuitive, and tech support is available via chat when I need it.
  • - The image processing feature works excellently, as soon as a new bill is uploaded, it is converted into digital text and saved. Makes it easy to save and forget bills.

Cons

  • They don't send out true remittances, only notifications. It would be nice if they notification included the invoice numbers being paid and all credits taken. Integration with Quickbooks Online is a little clunky and needs some work.
  • Sometimes I have to help vendors set up the electronic funds transfer information. It can be confusing on their end sometimes.
  • The paid service can be a bit pricey, but I have not found a cheaper alternative that allows for online approvals.
  • From an A/R perspective, it is cumbersome for customers to connect and pay their bills using the platform. If they made it possible to pay via credit card or bank transfer instead of going through so many steps to sign up, my customers would be happier to use bill.com to pay their bills.
  • - I would appreciate some data analytics on my past usage and some suggestions about how I can reduce the spending on some things.

Pros from Real Users

Pros

  • Setup was fast and required very little from our side. The Monk team handled most of the configuration, and support is quick to respond in our shared Slack channel. The automated follow-ups feel human rather than like typical dunning emails, and customers respond to them more. Payments are matched to invoices automatically, and I can see aging and outstanding balances in one place instead of maintaining spreadsheets.

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Supported

Training

Documentation Supported
Webinars Not Supported
Live Online Supported
In Person Not Supported

Company Information

BILL
Founded: 2006
United States
www.bill.com

Company Information

Monk
Founded: 2024
United States
monk.com

Alternatives

Alternatives

Corrivo

Corrivo

Data Interconnect
Invoiced

Invoiced

Invoiced.com

Categories

Accounts Payable Supported

BILL's Accounts Payable solution transforms the tedious invoice-to-payment journey into a streamlined digital experience. Say goodbye to paper chaos and manual errors. With BILL AP, you can: - Capture invoices instantly through email, scanning, or direct upload - Automate approval workflows that adapt to your business rules - Pay vendors their way with multiple payment methods - Sync seamlessly with your accounting software - Access anywhere with mobile-friendly cloud technology Stop drowning in paperwork and reclaim hours each week. BILL AP doesn't just process payments—it elevates your entire financial operation with visibility, control, and efficiency that paper-based systems simply can't match. For businesses ready to modernize their AP process, BILL delivers the perfect balance of powerful automation and intuitive design that makes paying bills the easiest part of your day.

BILL's Accounts Receivable solution turns the frustrating chase for payments into a smooth, predictable cash flow engine. With BILL AR, you can: - Send professional invoices instantly that make payment easy for customers - Track payment status in real-time with clear visibility into what's paid, pending, and overdue - Accept payments virtually any way your customers want to pay - Automate reminders that politely keep customers on track without awkward conversations - Reconcile transactions automatically with your accounting system Stop wondering when you'll get paid and start planning with confidence. BILL AR shortens your cash conversion cycle, reduces days sales outstanding (DSO), and transforms accounts receivable from a bottleneck into a business accelerator. For growth-focused businesses, BILL AR delivers the digital efficiency, payment flexibility, and financial clarity that turns receivables into reliable revenue—letting you focus on your business, not your billing.

AI Finance Supported
AP Automation Supported

BILL's Accounts Payable solution transforms the tedious invoice-to-payment journey into a streamlined digital experience. Say goodbye to paper chaos and manual errors. With BILL AP, you can: - Capture invoices instantly through email, scanning, or direct upload - Automate approval workflows that adapt to your business rules - Pay vendors their way with multiple payment methods - Sync seamlessly with your accounting software - Access anywhere with mobile-friendly cloud technology Stop drowning in paperwork and reclaim hours each week. BILL AP doesn't just process payments—it elevates your entire financial operation with visibility, control, and efficiency that paper-based systems simply can't match. For businesses ready to modernize their AP process, BILL delivers the perfect balance of powerful automation and intuitive design that makes paying bills the easiest part of your day.

AR Automation Supported

BILL's Accounts Receivable solution turns the frustrating chase for payments into a smooth, predictable cash flow engine. With BILL AR, you can: - Send professional invoices instantly that make payment easy for customers - Track payment status in real-time with clear visibility into what's paid, pending, and overdue - Accept payments virtually any way your customers want to pay - Automate reminders that politely keep customers on track without awkward conversations - Reconcile transactions automatically with your accounting system Stop wondering when you'll get paid and start planning with confidence. BILL AR shortens your cash conversion cycle, reduces days sales outstanding (DSO), and transforms accounts receivable from a bottleneck into a business accelerator. For growth-focused businesses, BILL AR delivers the digital efficiency, payment flexibility, and financial clarity that turns receivables into reliable revenue—letting you focus on your business, not your billing.

B2B Payment Supported
Budgeting Supported
Contractor Payment Supported
Expense Report Supported

BILL Spend & Expense transforms the headache of expense management into a painless digital process. Say farewell to lost receipts, delayed approvals, and manual reconciliation. With BILL Expenses, you can: - Capture receipts on the go with quick mobile snaps that digitize instantly - Create and submit expense reports in minutes, not hours - Set approval workflows that respect your company policies - Process reimbursements quickly so your team isn't left waiting - Gain real-time visibility into spending patterns and budget impacts Stop chasing paper trails and spreadsheet nightmares. Eliminate the friction between spending and accounting, giving employees, managers, and finance teams exactly what they need—simplicity, speed, and accuracy. For businesses tired of expense management chaos, BILL Spend & Expense delivers the digital transformation that turns one of your most tedious financial processes into one of your most transparent and efficient.

Finance Supported
Invoice Generators Supported
Payment Processing Supported
Recurring Billing Supported
Spend Management Supported

BILL Spend & Expense transforms the headache of expense management into a painless digital process. Say farewell to lost receipts, delayed approvals, and manual reconciliation. With BILL Expenses, you can: - Capture receipts on the go with quick mobile snaps that digitize instantly - Create and submit expense reports in minutes, not hours - Set approval workflows that respect your company policies - Process reimbursements quickly so your team isn't left waiting - Gain real-time visibility into spending patterns and budget impacts Stop chasing paper trails and spreadsheet nightmares. Eliminate the friction between spending and accounting, giving employees, managers, and finance teams exactly what they need—simplicity, speed, and accuracy. For businesses tired of expense management chaos, BILL Spend & Expense delivers the digital transformation that turns one of your most tedious financial processes into one of your most transparent and efficient.

BILL Spend & Expense transforms the headache of expense management into a painless digital process. Say farewell to lost receipts, delayed approvals, and manual reconciliation. With BILL Expenses, you can: - Capture receipts on the go with quick mobile snaps that digitize instantly - Create and submit expense reports in minutes, not hours - Set approval workflows that respect your company policies - Process reimbursements quickly so your team isn't left waiting - Gain real-time visibility into spending patterns and budget impacts Stop chasing paper trails and spreadsheet nightmares. Eliminate the friction between spending and accounting, giving employees, managers, and finance teams exactly what they need—simplicity, speed, and accuracy. For businesses tired of expense management chaos, BILL Spend & Expense delivers the digital transformation that turns one of your most tedious financial processes into one of your most transparent and efficient.

BILL transforms business spending with digital payment technology that's secure, controlled, and efficient. - Generate unique cards instantly for specific vendors or purchases - Set precise spending limits and controls - Enhance security by eliminating shared card numbers - Automate reconciliation with your accounting system - Track expenses in real-time - Earn cashback on eligible purchases Stop managing physical cards and manual processes. BILL puts control in your hands while streamlining your purchase-to-reconciliation workflow—turning everyday business spending into a strategic advantage for your bottom line.

Categories

Monk automates the full accounts receivable cycle from invoice to cash. Intelligent collections follows up on every overdue invoice with context-aware outreach that reads replies, adjusts tone per customer relationship, and resolves 90% of invoices without human intervention. Cash application matches incoming payments to open invoices at an 80% match rate, rising to 95% with suggested rules your team controls. Monk submits invoices into 600+ corporate AP portals automatically and surfaces only the exceptions that need your input. Real-time reporting covers aging, DSO, collections performance, and billed vs. collected, all exportable. Teams see a 40%+ reduction in DSO, save roughly 26 hours a month, and go live in days, not months. Integrates with QuickBooks, NetSuite, Stripe, Salesforce, HubSpot, and more.

AI Accounting Supported

Monk applies frontier language models to the parts of accounting that break down at scale: matching payments to invoices, reading customer replies, and acting on what they say. Cash application uses a three-layer match (your rules, deterministic code, and model reasoning) to handle blank wire memos, partial payments, and multi-invoice remittances at an 80% match rate rising to 95%. Intelligent collections reads inbound emails, detects payment commitments and disputes, and responds with context, not templates, resolving 90% of invoices without human intervention. Cash forecasting weights each invoice by real payment behavior, not just net terms, and adjusts live as promises and disputes come in. A deterministic layer checks every action before it reaches a customer, and every decision is logged in a full audit trail.

AR Automation Supported

Monk is the AR automation platform for growing B2B businesses. From invoice generation to intelligent collections to cash application, Monk handles every step of the receivables cycle. Collections follows up on overdue invoices with context-aware outreach across email, Slack, and voice, resolving 90% without human intervention. Cash application matches payments at an 80% rate rising to 95% with suggested rules. Portal automation submits invoices into 600+ AP portals including Coupa and Ariba. Cash forecasting weights each invoice by actual payment behavior for 30/60/90 day visibility. Credit management blends third-party signals with your payment history. Dispute tracking captures every case with dollar impact, reason code, and full context.

Monk automates invoice processing from creation through collection and reconciliation. Connect your billing system (Stripe, HubSpot, Salesforce) or ERP (QuickBooks, NetSuite) and Monk generates invoices from contract terms, deal data, or subscription schedules. Invoices are sent from your own domain with your signature. For customers requiring portal submission, Monk uploads invoices into 600+ AP portals automatically, fills all required fields, attaches the invoice, and leaves contextual comments. Portal status is checked daily; only real exceptions (wrong PO, amount discrepancy) reach your team. When invoices go unpaid, intelligent collections follows up with 24% higher response rates than standard dunning. Incoming payments are matched automatically. Every invoice carries a full audit trail from creation through payment.

B2B Payment Supported

Monk handles the full lifecycle of B2B payments from invoice delivery through collection and reconciliation. Every invoice carries a secure, one-click payment link with no portal login required. Customers can pay by credit card, ACH, or wire, with payment methods configurable per customer. For enterprise accounts paying through AP portals, Monk submits invoices into 600+ portals including Coupa, Ariba, Bill.com, and Tipalti, then checks status daily and surfaces only the exceptions. Cash application matches incoming payments, including partial pays, overpayments, and multi-invoice remittances, at an 80% match rate rising to 95%. Auto-pay enrollment lets customers save a payment method and get charged automatically.

Monk turns signed contracts and closed deals into invoices automatically. Connect Stripe, HubSpot, Salesforce, or DocuSign, and Monk extracts billing terms, generates invoices on schedule (monthly, quarterly, annual), and sends them from your own domain. Line items, discounts, taxes (via Anrok), and fees all come through correctly. For recurring revenue, Monk handles subscription billing with auto-pay enrollment so customers can save a payment method and get charged on schedule. When invoices go unpaid, intelligent collections takes over with follow-up that references conversation history and customer context, not a fixed template. Monk also submits invoices into 600+ AP portals like Coupa and Ariba, removing the most manual step in enterprise billing. Cash application closes the loop by matching payments to invoices the same day. Real-time dashboards show billed vs. collected, aging, and DSO.

Debt Collection Supported

Monk is not a third-party debt collector. It is an in-house AR automation platform that helps your finance team follow up on every overdue invoice professionally and persistently, without adding headcount. Intelligent collections reads inbound replies, detects payment commitments, handles common objections, and adjusts tone by customer segment so enterprise accounts are never chased like a $50 overdue. When a customer disputes an invoice, Monk routes it as a tracked case with full context. When a contact bounces, Monk automatically rotates to the next valid contact. 90% of invoices are resolved without escalation. Your team configures playbooks, escalation rules, and exclusion criteria directly. Monk works across email, Slack, and voice, with every touchpoint logged in one audit trail.

Invoice-to-Cash Supported

Monk automates the entire invoice-to-cash cycle: generate invoices from contracts or CRM deals, send them from your domain, submit to 600+ AP portals, follow up intelligently when they go overdue, match payments when they land, and sync everything back to your ERP. Intelligent collections resolves 90% of invoices without escalation by reading replies, detecting payment commitments, and adjusting tone per customer relationship. Cash application handles partial pays, overpayments, and multi-invoice remittances. Real-time reporting covers aging, DSO, collections performance, and cash forecast. Your team configures playbooks, escalation rules, and matching logic directly, no vendor support ticket required. Customers see 40%+ DSO reduction and 2.4x cash-on-hand increase in the first quarter.

Accounts Receivable Features

ACH Payment Processing Supported
Billing & Invoicing Supported
Check Processing Supported
Collections Management Supported
Online Payment Processing Supported
Overpayment Processing Supported
Partial Payments Supported
Receivables Ledger Supported
Recurring Billing Supported

Billing and Invoicing Features

Billing Portal Supported
Contact Database Supported
Contingency Billing Supported
Customer Portal Supported
Customizable Invoices Supported
Dunning Management Supported
Hourly Billing Not Supported
Invoice History Supported
Mobile Payments Supported
Multi-Currency Not Supported
Online Invoicing Supported
Online Payments Supported
Payment Processing Supported
Project Billing Supported
Recurring/Subscription Billing Supported
Service Ticket Billing Supported
Tax Calculator Supported

Accounts Payable Features

Approval Process Control Supported
Bank Reconciliation Supported
Cash Management Supported
Check Writing Supported
Duplicate Payment Alert Supported
Fraud Detection Supported
General Ledger Entry Supported
Vendor Management Supported

Budgeting Features

"What If" Scenarios Not Supported
Asset Planning Not Supported
Balance Sheet Not Supported
Capital Asset Planning Not Supported
Cash Management Not Supported
Consolidation / Roll-Up Not Supported
Forecasting Not Supported
General Ledger Not Supported
Income Statements Not Supported
Multi-Company Supported
Multi-Department / Project Not Supported
Profit / Loss Statement Not Supported
Project Budgeting Not Supported
Run Rate Tracking Not Supported
Version Control Not Supported

Expense Report Features

Approval Process Control Supported
Invoice Management Supported
Multi-Currency Not Supported
Receipt Management Supported
Reimbursement Management Supported
Spend Control Supported
Time Tracking Not Supported
Workflow Management Not Supported

Payment Processing Features

ACH Check Transactions Supported
Bitcoin Compatible Supported
Debit Card Support Supported
Gift Card Management Not Supported
Mobile Payments Supported
Online Payments Supported
POS Transactions Not Supported
Receipt Printing Supported
Recurring Billing Supported
Signature Capture Supported

Recurring Billing Features

Customer Portal Not Supported
Deferred Billing Not Supported
Discount Management Not Supported
Dunning Management Not Supported
Invoice History Supported
Multi-Currency Not Supported
Multi-Period Recurring Billing Not Supported
Payment Processing Supported
Recurring Donations Not Supported
Subscription Billing Not Supported

Spend Management Features

Approval Workflow Supported
Budgeting / Forecasting Supported
Expense Tracking Supported
Multi-Currency Not Supported
Prepaid Cards Not Supported
Procurement Management Not Supported
Receipt Management Supported
Spend Analysis Supported
Spend Control Supported
Supplier Management Not Supported

Accounts Receivable Features

ACH Payment Processing Supported
Billing & Invoicing Supported
Check Processing Supported
Collections Management Supported
Online Payment Processing Supported
Overpayment Processing Supported
Partial Payments Supported
Receivables Ledger Supported
Recurring Billing Supported

Billing and Invoicing Features

Billing Portal Not Supported
Contact Database Supported
Contingency Billing Not Supported
Customer Portal Not Supported
Customizable Invoices Supported
Dunning Management Supported
Hourly Billing Not Supported
Invoice History Supported
Mobile Payments Not Supported
Multi-Currency Supported
Online Invoicing Supported
Online Payments Supported
Payment Processing Supported
Project Billing Not Supported
Recurring/Subscription Billing Supported
Service Ticket Billing Not Supported
Tax Calculator Supported

Debt Collection Features

Agency Management Not Supported
Auto Dialer Not Supported
Automated Notices Supported
Callback Scheduling Not Supported
Client Management Supported
Commission Management Not Supported
Compliance Management Supported
Contact Management Supported
Credit Bureau Reporting Not Supported
In-House Collections Supported
Payment Plans Not Supported
Transaction Management Supported

Integrations

Acumatica Cloud ERP Supported
NetSuite Supported
QuickBooks Online Supported
Xero Supported
Anrok Not Supported
Deltek Vantagepoint Not Supported
DualEntry Supported
Emburse Tallie Supported
JD Edwards EnterpriseOne Not Supported
LoadMaster Not Supported
Lula Commerce Supported
Mesh Supported
Microsoft Dynamics 365 Supported
QuickBooks Desktop Pro Supported
Sage 50 Supported
Sage Intacct Supported
Sage Intelligence Not Supported
Stripe Not Supported
Tax1099 Supported
Workday Financial Management Not Supported

Integrations

Acumatica Cloud ERP Supported
NetSuite Supported
QuickBooks Online Supported
Xero Supported
Anrok Supported
Deltek Vantagepoint Supported
DualEntry Not Supported
Emburse Tallie Not Supported
JD Edwards EnterpriseOne Supported
LoadMaster Supported
Lula Commerce Not Supported
Mesh Not Supported
Microsoft Dynamics 365 Not Supported
QuickBooks Desktop Pro Not Supported
Sage 50 Not Supported
Sage Intacct Not Supported
Sage Intelligence Supported
Stripe Supported
Tax1099 Not Supported
Workday Financial Management Supported
Claim BILL and update features and information
Claim BILL and update features and information