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Bill.com VS Invoice Data Extraction

Compare Bill.com VS Invoice Data Extraction and see what are their differences

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Bill.com logo Bill.com

Bill.com provides ACH payments processing, automates your accounts payable and accounts receivable processes.

Invoice Data Extraction logo Invoice Data Extraction

From Invoice Chaos to Organized Data in Minutes.
  • Bill.com Landing page
    Landing page //
    2023-10-17
  • Invoice Data Extraction App Screenshot
    App Screenshot //
    2024-09-13

Saving bookkeepers and businesses huge amounts of time by leveraging the latest AI to extract key data from invoices.

Upload mixed format invoices and describe your data needs in plain English. The specific data you need is extracted to a custom spreadsheet.

Bill.com features and specs

  • Automation
    Bill.com automates many of the repetitive tasks involved in accounts payable and receivable, such as invoice creation, approval workflows, and payment processing. This reduces manual entry and minimizes errors.
  • Integrations
    Bill.com integrates with various accounting software platforms like QuickBooks, Xero, and NetSuite, streamlining financial data synchronization and reporting.
  • Cloud-Based
    As a cloud-based solution, Bill.com allows users to access their accounts and perform tasks from anywhere with internet access, improving flexibility and remote work capabilities.
  • Security
    Bill.com provides robust security features, including encrypted data transmission and storage, role-based access controls, and compliance with industry standards such as SOC 1 and SOC 2.
  • Document Management
    Bill.com offers extensive document management features, allowing users to store and organize invoices, receipts, and other financial documents in a centralized location.

Possible disadvantages of Bill.com

  • Cost
    Bill.com can be relatively expensive, especially for smaller businesses or those with tight budgets. Pricing is based on a monthly subscription model, with additional fees for certain transactions.
  • Learning Curve
    New users may find Bill.com challenging to navigate initially due to its comprehensive set of features and settings. Proper training or time to familiarize oneself with the platform may be necessary.
  • Customer Support
    Some users have reported issues with customer support, including difficulty reaching representatives and delays in resolving issues. This may impact the user experience, especially during critical financial operations.
  • Transaction Fees
    Bill.com charges fees for certain types of transactions, such as ACH payments and international payments. These fees can add up, particularly for businesses with a high volume of transactions.
  • Complexity for Small Businesses
    While Bill.com is feature-rich, some small businesses may find it overly complex for their needs. The extensive features and customization options might be more suited to larger organizations.

Invoice Data Extraction features and specs

No features have been listed yet.

Bill.com videos

+ Add

Bill.com Review by LedgerGurus

More videos:

  • Review - How the Bill.com Intelligent Business Payments Platform Works

Invoice Data Extraction videos

+ Add

Easy Invoice Data Extraction with AI (Fast & Accurate!)

Category Popularity

0-100% (relative to Bill.com and Invoice Data Extraction)

Bill.com

Invoice Data Extraction

Online Payments
100 100%
Online Payments
0% 0
Invoice Management
79 79%
Invoice Management
21% 21
Money Transfer
100 100%
Money Transfer
0% 0
Developer Tools
0 0%
Developer Tools
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Bill.com and Invoice Data Extraction

Bill.com Reviews

The Top Alternatives to Bill.com
Bill.com is suitable for slower-growth small businesses with low payment volumes and limited remittances capabilities. The average revenue per customer of Bill.com is $1,500. Therefore, many AP automation capabilities are not available via Bill.com, so you need to manage them manually or outside of Bill.com.
Source: tipalti.com
4 Best Bill.com Competitors And Alternatives (2022)
Plastiq is a simplified and more affordable option compared to Bill.com. They offer a solution for accounts payable and receivable without a sign-up fee, subscription fee, or fees for most transactions. They do, however, charge a 2.85% fee for both credit and debit transactions. This is a key distinction to keep in mind when comparing Plastiq to not only Bill.com, but to...
Source: smbillion.com
Best Accounts Payable Software for 2022
Why we like it: Bill.com offers multiple pricing options, including plans starting at $39 a month, which may make it more accessible for many small-business owners. You’ll get a centralized inbox for receiving invoices. The software can read invoices, capture the data on them and even flag if something looks off. However, you’ll need to upgrade from the lowest-priced plan to...
Source: www.nerdwallet.com

Invoice Data Extraction Reviews

We have no reviews of Invoice Data Extraction yet.
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Social recommendations and mentions

Based on our record, Bill.com seems to be more popular. It has been mentiond 259 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Bill.com mentions (259)

  • Freelancers: Do you allow your clients to pay via card? Processing fees hurt
    I mean.... This is how it is everywhere... You could use bill.com but it still has a monthly fee, however if youre sending multiple invoices like so, the monthly fee is paid for in just 2 clients of yours... Honestly a $66 processing fee for $2K isn't bad... Venmo/Paypal gifted is fee-less but not recommended... Source: over 1 year ago
  • Bank rejected £850 payment from bill.com - both companies saying they can't do anything
    Bill.com have just gotten back to me saying they haven't received the money back (which nationwide said would have only taken 5 days from the 23rd November) and that SWIFT have told them that they did infact have my full name on the transaction and not my initials or anything else (unlike what nationwide told me). Source: over 1 year ago
  • Best campaign platforms for launching an influencer marketing agency?
    What platforms do you use to collect payment from our clients? I was thinking of using bill.com or stripe for now until I find a new method and then pay out the influencers. Source: over 1 year ago
  • What do you use for online credit card processing?
    We use bill.com for both our AP and AR. All online, customer can pay with a link, generates all our monthly invoices automatically, easy to generate and send hardware and project invoices on demand, can be used to pay your vendors as well, syncs with Quickbooks, customers can be set up for auto-pay via credit card (charge to us is 2.9%), you can charge a convenience fee if you want. Customers can also pay via ACH... Source: almost 2 years ago
  • 6 Figures International Wire Transfer To BPI Concern
    My employer uses bill.com to process salaries so its thru SWIFT Wire Transfer. Source: almost 2 years ago
View more

Invoice Data Extraction mentions (0)

We have not tracked any mentions of Invoice Data Extraction yet. Tracking of Invoice Data Extraction recommendations started around Sep 2024.

What are some alternatives?

When comparing Bill.com and Invoice Data Extraction, you can also consider the following products

Zoho Invoice - 100% free online invoicing software for small businesses.

Docsumo - Extract Data from Unstructured Documents - Easily. Efficiently. Accurately.

Wise - Currency exchange Banks and other providers could charge you up to 5% in hidden costs when sending ...

Free Online OCR [Docsumo] - Extract Data Accurately from any type of Image or PDF Document.

The Invoice Machine - The Invoice Machine is an online invoicing service with a simple and elegant user interface.

Nanonets - Worlds best image recognition, object detection and OCR APIs. NanoNets’ platform makes it straightforward and fast to create highly accurate Deep Learning models.

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