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Press Releases

Anybill Hits Record Level in 1st Half of 2010

Washington, DC
July 7, 2010

Anybill, Inc., the leading provider of complete, on-demand Accounts Payable (AP) automation and sales tax payment solutions, announced today that its first half 2010 sales were 41% greater than those in the same period last year.

"By three important metrics -- gross revenues, the number of clients we serve and our average sale value -- Anybill is growing faster than ever and setting company records for growth quarter over quarter in the process. Just to handle the demand for our on-demand AP automation platform from associations and not-for-profit (NFP) groups, for example, we recently added four experienced sales pros to our Business Development team," said Anybill CEO and Co-founder, Matt Voorhees.

Voorhees added, "We've always had a strong presence in the association and NFP market. They account for twenty-five percent (25%) of our client roster. But, in the last year and particularly during the last six months, we have seen our sales, use and property tax (SUPT) payment and documentation business really take off. The personnel, IT and logistics investments that we made to help accounting firms serve their clients is helping fuel our remarkable growth."

By working with several of the Big 4 and other major national accounting firms, Anybill is providing tax payment and documentation services to small and large businesses across North America. "Because the flexibility of our on-demand AP automation platform, AnyAP, is extraordinarily scalable, we are able to provide small businesses with the same tax payment efficiency and economy that we deliver to our Fortune 500 customers," noted Voorhees. "Our specialized services in the tax payment and documentation field are widely recognized and respected. We have even seen two major accounting firms competing for the same new client each recommend Anybill in their proposals," concluded Voorhees.

Anybill CMO and Co-founder, Peter Bepler noted that the flexibility of the Anybill platform combined with the company's deep customer service and training bench allows for a very wide range of payment applications beyond traditional Accounts Payable operations. "The tax-style work that we perform for our SUPT clients is now being adapted for other clients, like custom book publisher Blurb.com, to manage its unique and demanding payment needs to thousands of individual customers," said Bepler. He concluded, "Our approach to on-demand AP automation makes Anybill the leader in serving new markets that have never before had access to proven and adaptable payment technology."

About Anybill, Inc.

Since 1998, Anybill has been developing and delivering the most secure, complete and advanced suite of on-demand Accounts Payable automation software and sales, use and property tax payment and documentation services to accounting firms, their clients and tax-exempt associations and other not-for-profit organizations. Anybill's unique back office business process enables users to save time and money through workplace automation, instant data visibility, financial transparency, records security, fraud protection and contributions to the conduct of financial audits.

Anybill is based in Washington, DC and its office in San Mateo, California serves western states. For more information about Anybill, visit www.Anybill.com.

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