Bill.com, a Palo Alto, California-based provider of paperless bill management and payment solutions for small and medium-sized businesses and CPA firms, has added Total Technology Ventures (TTV) as an investor.
In conjunction, Mark Johnson, currently a partner with TTV, has joined Bill.com’s board of directors.
In this role, Johnson will provide strategic insight and business guidance on the company’s expanding capabilities in streamlining and automating the business bill-paying process.
Bill.com is an on-demand accounts payable application that enable users to receive, route and pay invoices electronically. Invoices are emailed, scanned or faxed into the service and then routed electronically for approval, ensuring a complete audit trail and eliminating lost or mishandled paper.