Bill.com adds open APIs to its banking platform

Expanding offering

Bill.com, an integrated bill payment, invoicing, and cash management solutions provider, has added broad integration capabilities to its cash-flow centric banking platform for banks and SMBs (view press release). The firm enables banks to develop revenue streams and offer business customers an accounts payable and account receivable service.

Customers can integrate Bill.com’s solution with their own platforms and create a branded offering. The platform is based on six key components, and Bill.com has enabled API access to each of these components. The components include authentication, entitlements, business objects, business systems integration, payment processing and a payment network.

“Bill.com has already revolutionized how small and mid-sized businesses work and now we are transforming how they bank,” said Rene Lacert, founder and CEO of Bill.com. “We built the Bill.com Banking Platform based on direct feedback from banks, who told us that their current systems just couldn’t meet their business customers’ needs. We are glad to be helping banks turn the old banking paradigm on its ear, by making banking solutions cash flow centric. The result will be banking solutions that work the way businesses do.”

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