Business News
Billhighway.com First to Deliver Simultaneous Bank-to-Accounting Data Transfers for Real-Time Cash Flow 24/7
2008-08-19 07:20:00
Users always know their financial status - requires just minutes a week to
maintain.
TROY, Mich., Aug. 19 /EMWNews/ -- Billhighway.com is delivering to
its nonprofit customers something no one else is -- true cash accounting
24-hours a day from anywhere on the planet. Billhighway.com's unique
financial program is the only online service to link virtual bookkeeping
with a customer's banking transactions as they occur. As payments come in
and debits go out, each of Billhighway.com's customer accounts is
automatically updated. To sweeten the deal, Billhighway.com has wrapped its
entire group of financial services into a newly redesigned website that's
simple, safe and powerful.
"Billhighway.com is designed specifically for any member-based
organization with regular dues and fees collections. We've tailored our
robust program for use at the national level or as a stand-alone for
regional and chapter officers," says Vince Thomas, Billhighway.com's chief
executive officer. "By linking the primary functions of cash accounts and
credits and debits, we eliminate the guess work and frustration that can
come from not knowing where your organization stands financially. For
today's leaner organization we offer a highly efficient model that
positively affects the bottom line."
Executives at the national level use Billhighway's powerful "Global"
product and work with a client relationship specialist to tailor their
finance-managing needs. For Billhighway.com's "Local" product, online
signup is quick and easy. And once an account is set up, chapter officers
typically need just two minutes each week completing routine accounting
tasks. Chapter members spend less than four minutes a week reviewing
invoices and selecting payment options such as direct debit, credit card or
e-check.
But it's not just about how simply and quickly mundane accounting and
bill paying is accomplished. Customers in fee-based organizations who use
Billghighway.com report both significant increases in dues collection and
fewer accounting errors. So there's more money to manage in a system
designed to do so better than any other.
At the national level of the chapter-based enterprise, Billhighway.com
offers a complete online system delivering financial information from
bottom to top. Executive directors can get a snap shot of chapter health
and cash flow by region, city or across the entire organization. For top
level and local leadership, finances are transparent and every dollar in
the organization is accounted for and tracked.
By aggregating accounts payable and receivable, banking, an accounting
system and services, payment processing and member management,
Billhighway.com eliminates managing a complex and sometimes incompatible
assortment of providers and software. The result is a virtual and tireless
accountant delivering access to critical cash flow information 24 hours
every day.
Billhighway.com also provides expert recommendation to national level
executives during set up so that systems and schedules are maximized for
efficiency and ease. Come tax time, Billhighway.com can help here too. With
accounts reconciled continuously, clients can easily close out books,
generate necessary year-end reports and complete annual tax preparation.
Best of all, it's done seamlessly through a simple, single interface with
Billhighway.com.
The icing on the Billhighway.com cake is its alumni management
component, which syncs with ordinary databases so organizers can input and
arrange groups by affinities, geographies, active, non-active and more.
Easy-to-use GatewayConnect, as the resource is called, let's non-profits
develop more relevant member programming.
Today, Billhighway.com serves some 1,200 non-profit organizations
across North America with the single goal of making group finances easy.
Since forming in 1999, the company has managed more than $1.1 billion in
transactions and grown to 35 employees. Billhighway.com is headquartered in
Troy, Mich. For social money management, check out Billhighway.net.
To fully appreciate the depth and breadth of this innovative online
accounting service, visit Billhighway.com or call 866.BILLHWY for a
personal online demonstration.
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