Software to Help Small Businesses Get Paid

Claimed to be the first software as a service (SaaS) solution in this category, it will enable businesses to manage their day-to-day activities of handling cash, paying vendors and getting paid., offering paperless bill management and payment for small- and medium-sized businesses (SMBs) and CPA firms, has announced that users can now send invoices, collaborate with customers and receive electronic payments through’s new beta Receivables feature.

It supports a full range of accounts receivable processes through its invoice creation tool and QuickBooks integration, enabling users to manage all of their day-to-day financial operations online anywhere an internet connection is available.

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Receivables makes the most comprehensive and easy-to-use option for SMBs and CPAs looking to bring efficiency to their financial management processes by providing the tools, information and collaboration required to help them better manage their businesses, says the company.

“Free dashboards literally and figuratively don’t pay the bills. Today’s SMBs and CPAs seek powerful tools that alleviate cumbersome financial processes, support their accounting practices and keep them focused on effectively running their businesses,” said René Lacerte, CEO of

“We’re excited to add Receivables to to bring our solution full circle, offering customers everything they need to pay and get paid.”

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How it works? According to the company, Receivables provides SMBs and their accountants a simple way to create invoices or sync them from QuickBooks Desktop, send invoices to their customers, send reminders and track payment status.

Their customers can view existing and past invoices using a free online portal and pay directly from their bank account. Invoices can be paid directly to the issuer’s bank account at $0.49 per transaction, helping customers alleviate costly credit card merchant fees, eliminating trips to the bank to deposit checks and providing faster access to their funds.

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Invoiced customers can also send messages to clarify or dispute charges with the user directly within their online portal, maintaining a complete audit trail of vendor-customer communications.

Email templates and invoice platforms are customized to include the user’s company logo, and all relevant banking information is retained securely on for future use, it says.

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In addition, Receivables is integrated seamlessly with all current features, enabling users to review cash flow in real time on the calendar, synch with QuickBooks Desktop, and maintain a full audit trail of cash in and cash out.

The company says is offered to the accounting profession exclusively though the Accountant Program from CPA2Biz, a subsidiary of the American Institute of Certified Public Accountants (AICPA).

[ Also Read: Microsoft Brings Always-on Office on the Cloud ] Receivables is currently available as a beta service to all users, with general availability planned for the first half of 2011. customers can add Receivables to their existing account for limited time offer of $5/Month. Receiving electronic payment from customers directly into a bank account costs $0.49 per transaction.

The announcement was made Tuesday, Jan. 11.

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RMN News

Rakesh Raman