Award Recognizes Entrepreneurial Excellence in Business Operations Category
Detroit, June 16 – Billhighway, the pioneer in financial performance optimization, today announced that Vince Thomas, Billhighway’s Founder and CEO, received the Ernst & Young Entrepreneur Of The Year® of Michigan and Northwest Ohio Award for 2011 in the Business Operations category. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Vince was selected by an independent panel of judges and presented the award at a gala event at the MGM Grand on June 9, 2011.
As the Founder and CEO of Billhighway, Vince has led the company in pioneering a revolutionary, online SaaS-based financial platform that integrates cash management and accounting for membership and donor-based, non-profit organizations. The company has a single, integrated platform that provides clients with a real-time, multi-level financial overview, including cash management, profit and loss, balance sheet and budget versus actual. The company’s clients typically see a significant increase in available cash, 5-10% on average. To date, this has resulted in Billhighway customers retaining over $100 million of cash in their organizations.
“I am very honored that Ernst & Young has recognized me and the entire Billhighway team in this way,” said Thomas. “When I started this company, I was a one man show. Now, there are dozens of Billhighway team members, partners and clients, and hundreds of thousands of Billhighway users on the ride with me. This award, and our company’s success, is a testament to all of them.”
The Ernst & Young Entrepreneur Of The Year Awards Program celebrates its 25th anniversary this year. As a Michigan and Northwest Ohio award winner, Thomas is now eligible for consideration for the Ernst & Young Entrepreneur Of The Year 2011 National Award. Award winners in several national categories, as well as the overall Ernst & Young Entrepreneur Of The Year National Award winner, will be announced at the annual awards gala in Palm Springs, California, on November 12, 2011.
Billhighway is the pioneer in Financial Performance Optimization and the platform enables organizations to spend more time advancing their mission rather than managing finances. This improved operational efficiency and financial performance has delivered results for professional, faith-based, political, youth-focused, athletic and fraternal organizations across North America. Founded in 1999, the company is on track to process $1.2 billion in client transactions in 2011 and has a 100% retention rate in its over eleven years in business. For more information, go to http://www.billhighway.com.
About Ernst & Young Entrepreneur Of The Year®
Ernst & Young Entrepreneur Of The Year® is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential, and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 140 cities in more than 50 countries.