Making the best choice for your invoicing requirements requires knowing the key distinctions between Bill.com and Bloom in terms of features, pricing and target markets.
Their pricing strategies are the primary difference between Bloom and Bill.com. With monthly plans starting at $45 for Essentials, going up to $55 for Team, $79 for Corporate and custom rates for Enterprise clients, Bill.com is an enterprise-level solution. Bloom offers three lower price tiers: Starter ($9/month), Standard ($22/month) and Plus ($39/month). Both platforms provide free plans and trial options; Bloom offers a specific 7-day trial while Bill.com offers a general trial.
While Bloom restricts users to one on its Starter and Standard plans and requires a Plus plan for unlimited users, Bill.com accommodates expanding teams by permitting unlimited users across all plans. Furthermore, Bloom’s monthly allotments of 100GB for Starter, 1TB for Standard and 2TB for Plus plans are in comparison to Bill.com’s unlimited storage.
Key invoicing features like expense tracking, recurring billing and personalized templates are offered by both platforms. While Bloom focuses on project-based billing and offers more lucid capabilities than Bill.com’s limited documentation in that area, Bill.com also offers mileage tracking, albeit with less information.
With connections to popular accounting platforms like QuickBooks, Xero, Oracle NetSuite, Sage Intacct, Microsoft Dynamics and FreshBooks, Bill.com provides comprehensive integration features appropriate for larger businesses. Additionally, it integrates with a number of CRMs, including HubSpot, Zoho and Salesforce. Bloom offers more connectivity through Zapier and calendar sync but its integrations are more restricted, mostly with Xero and QuickBooks.
In terms of reporting capabilities, Bill.com performs better than Bloom because it offers crucial features that Bloom does not, such as bank connections, pre-built financial reports and the ability to create custom reports. This establishes Bill.com as the go-to source for businesses looking for in-depth financial reporting and analysis.
Both Bloom and Bill.com charge 2.9% for card transactions which is comparable to their payment processing fees. ACH is a cost-effective option for larger transactions but Bloom charges $0.30 for credit cards made through Stripe, 3.4% + $0.30 for American Express and a competitive 0.8% for ACH transfers.
For well-established small-to-medium businesses that require extensive integrations, scalability and comprehensive reporting, Bill.com is the best option. Its robust accounting features come at a higher cost. Bloom provides robust project management and client communication tools to freelancers and small agencies that prioritize affordability and design. To sum up, Bloom provides cost-effective, streamlined invoicing and project management features for users on a tight budget while Bill.com prioritizes financial depth and integration.
| Bill.com | Bloom | |
|---|---|---|
| Core Features | ||
| Custom Templates | Yes – Multiple portfolio and invoice templates available | Yes |
| Send Estimates/Quotations | Yes | Yes |
| Recurring Billing Automation | Yes | Yes |
| Expense Tracking | Yes | Yes |
| Time Tracking | Yes | Yes |
| Mileage Tracking | Limited information available | No |
| Automated Payment Reminders | Yes | Yes |
| Project-Based Billing | Limited information available | Yes |
| Tax Handling | Yes | Yes |
| User Permissions/Role Management | Yes | Yes |
| File Uploads | Yes | Yes |
| Pricing and Plans | ||
| Free Plan Availability | Yes | Yes |
| Pricing Range | Essentials: $45/month Team: $55/month Corporate: $79/month Enterprise: Custom/month |
Starter: $9/month Standard: $22/month Plus: $39/month |
| Trial Period | Yes | 7 days |
| User Limits | No specific limits mentioned | Starter: 1 user Standard: 1 user Plus: Unlimited users |
| Client Limits | No specific client limits mentioned | No explicit limit on client numbers |
| Storage Limits | Unlimited | Starter: 100 GB/month Standard: 1 TB/month Plus: 2 TB/month |
| Payment Processing Fees | Credit/Debit Card: 2.9% transaction fee | Credit Card (Stripe): 2.9% + $0.30 Amex: 3.4% + $0.30 ACH: 0.8% |
| Ease of Use | ||
| User Interface | Simple | Simple and elegant design |
| Onboarding Experience | Yes | Yes |
| Mobile App Availability | Available for iOS and Android | Yes |
| Mobile App Functionality | Yes | Project management, workflows, instant booking, client communication |
| Integration | ||
| Payment Gateways Supported | Credit Cards, Debit Cards, PayPal, Wire Transfer, Paper Checks, Virtual Cards | Stripe, Square, Alternative Payment Methods |
| Accounting Software Compatibility | QuickBooks Online, QuickBooks Pro/Premier, QuickBooks Enterprise, Xero, Oracle NetSuite, Sage Intacct, Microsoft Dynamics, Blackbaud, Acumatica, Sage 50/100, FreshBooks, Abila | QuickBooks, Xero |
| CRM Integration | Salesforce, Zoho, Nimble, Microsoft Dynamics, HubSpot, Pipedrive, Zendesk, SugarCRM, ConnectWise, ServiceNow | Zapier, Direct Integrations, Calendar Sync, Website Embeds |
| API Availability | Yes | Yes |
| Reporting & Analytics | ||
| Bank Connections | Yes | No |
| Pre-Built Financial Reports | Yes | No |
| Custom Report Creation | Yes | No |
| Security & Compliance | ||
| Dashboard Metrics | Yes | Yes |
| Data Encryption | Yes | Yes |
| GDPR Compliance | Yes | Yes |
| Backup Options | Automatic | No |
| Customer Support | ||
| Support Channels | Chat, Email, Phone | Chat, Email |
| Help Center/Knowledge Base | Yes | Yes |
| 24/7 Support | No | No |
| Adaptability | ||
| Multi-Currency Support | Yes | Yes |
| Localization | Yes | Yes |
| Industry-Specific Customization | Yes | Yes |
| Scalability | Freelancers / SMBs / Enterprises | Freelancers to Small-Medium Agencies |
| Read Bill.com Review | Read Bloom Review |
