Billee.ca Revolutionizing Canadian Business Payment Options

Online, May 22, 2013 (Newswire.com) - Kitchener-Waterloo has received recent acclaim; this home of Blackberry and Google Canada's Headquarters has been declared the Smartest City in the World, and has fostered groundbreaking technological advances through various incubator programs like Communitech and the Accelerator Program. Firms like Desire2Learn, Miovision, and Pebble prove that Kitchener-Waterloo's capacity to lead tech development is not limited to Blackberry.

It's time to put Billee on that list of innovators.

Billee is the next big innovation coming out of the Communitech Hub in the former Lang Tannery building in Kitchener, and it's already revolutionizing Canadian Banking. Renown as a conservative industry, the Canadian cheque clearing system for Business-to-Business payments has remained virtually unchanged for the past forty years. In fact, the way that Canadian businesses make B2B payments is more reliant on 18th century technology - postage, signature-validation, delayed cash-flow reporting - than on any substantial modern innovation.

Billee promises to change everything. Billee is a clouded B2B Electronic Funds Transfer system that enables ePayments for businesses' accounts payables. This is advantageous to Canadian businesses because it helps with more accurate reporting [no more "lost in the mail" problems, let alone NSF cheques] and, more importantly, offers a far more cost-effective model for balancing accounts payables.

While Billee's business model is impressive, it's technological foundation is downright revolutionary.

The import/export mapping tool is the most technologically advanced self-mapping service in the world.

This means that data can be moved from host accounting software to Billee using a drag-and-drop method that makes migration completely painless. Any comma separated value [.csv] file can be imported, and you simply match the column heads. Content verification works perfectly, so that you are ready to go minutes after importing the data. Software migration has never been this easy. Ever.

The broader implications are almost endless. First and foremost, this means that host accounting software is no longer an "island" of information, cut off from practical business functions and a mere repository of difficult-to-access reports.

Staff costs can also be more effectively managed. With the mapping system's efficacy, reporting becomes much easier. No longer must firms rely on cumbersome query tools and aggregation tools like Crystal Reports in order to generate reports. Billee's export system simply generates an excel file. It's as easy as that.

Billee's slogan is to enjoy "Freedom from Cheques." With the revolutionary mapping tool, Canada's Tech Triangle has hit another home run; we should all enjoy this liberation movement.

For more information, or to join a webinar and see for yourself how Billee works, visit www.billee.ca. For white papers on Cash Disbursement and Canadian Business, visit blog.billee.ca. Billee can be found on Twitter at @billeeca.