CPA.com, the technology arm of the American Institute of CPAs, has extended its partnership with Bill.com to beyond 2025. The deal “ensures that Bill.com will continue to make the accounting profession one of its highest priorities over that term,” according to CPA.com officials, although the exact length of the term remains unspecified.
BIll.com is the preferred provider of digital payments solutions for CPA.com, which recommends a range of software services to its members. CPA.com places great focus on helping firms transition to the cloud, and partnerships such as this with Bill.com are part of this strategy, according to the association.
Bill.com offers an Accountant Program in partnership with CPA.com. Program members get access to digital AR and AP, including the ability to review, approve and pay bills from any device; a single sign-on console that allows firms to manage all clients; cloud-based document management and storage; and certain certifications, training and tools for practice growth.
“Early on at CPA.com, we identified the cloud as a transforming technology for client accounting and virtual CFO services,” said Erik Asgeirsson, president and CEO of CPA.com, in a statement. “Traditionally, the business payment process presented a substantial pain point for accounting firms and their clients, and we felt we could play a role in reducing that burden. Our relationship with Bill.com offers firms a proven way to leverage technology to grow, establish a competitive advantage, and satisfy and retain clients.”