Another of the single process business software sites I have come across is Bill.com. Created by the former founders of Paycycle.com, the service automates the process of paying vendor payables. Information on the product can be seen here.
The product essentially allows you to email or fax a scanned copy of your vendor bill into a specific drop-box for your account. Once online, you categorize the expense and add a due date. When the due date approaches, a notification is sent to you to approve paying the bill. Once approved, the bill is deducted from your bank account and mailed by the service to the vendor. Prices begin at $24.99 a month and the service prepares entries for download into Quickbooks or Intacct.
Tax time is also made easy by having all source documents available online for audit.
This is another example of taking a singular process and perfecting its workflow with automation. Rather than reinventing the accounting process, this company has identified a specific area of concern in accounting and focused on creating a workflow process for SaaS that perfects it.
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