BILL Named to Inc.’s Annual Power Partner Awards As One of The Best B2B Providers for SMBs for Second Year in a Row

Rhea-AI Summary

BILL (NYSE: BILL) has been named a 2024 Power Partner Award winner by Inc. in the Financial Services category for the second consecutive year. The company serves as a financial operations platform for small and midsize businesses (SMBs), helping over 470,000 businesses manage their financial operations. BILL's platform processed nearly $300 billion in payment volume and facilitated more than 100 million payment transactions in FY24, representing approximately 1% of U.S. GDP. The platform connects 7.1 million network members for electronic payments, focusing on automating bill payments, receivables, and expense management for SMBs.

Positive

• Platform processes nearly $300 billion in payment volume, representing 1% of U.S. GDP
• Large user base of 470,000 businesses and 7.1 million network members
• Facilitated over 100 million payment transactions in FY24

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• None.

SAN JOSE, Calif.--(BUSINESS WIRE)-- BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), has been named a 2024 Power Partner Award winner in the Financial Services category of the Inc. Annual Power Partner Awards for the second year in a row. Launched by Inc., a publication dedicated to SMBs, this prestigious award honors B2B organizations across the country that have proven track records supporting entrepreneurs and helping startups grow.

A Trusted Technology Partner for SMBs

For the past 18 years, BILL has been a champion of SMBs, automating the future of finance so businesses can grow and thrive. Today, BILL helps hundreds of thousands of small and midsize businesses minimize the complexities of financial operations, making paying bills, getting paid, and managing expenses simpler. As of the end of fiscal year 2024, more than 470,000 businesses use BILL as their central hub of financial operations, and 7.1 million network members have originated or received an electronic payment through BILL’s platform. By making it easy for buyers and suppliers to connect and work together, BILL moved and safeguarded nearly $300 billion in payment volume for businesses and facilitated more than 100 million payment transactions in FY24, representing approximately 1% of U.S. GDP.

“At BILL we believe that how we deliver for customers is just as important as what we deliver,” said Sarah Acton, Chief Customer Officer at BILL. “We’re honored to be recognized for this award as a vital partner that SMBs rely on and a key contributor to their ongoing success. We’re continually inspired by our customers and are committed to helping businesses automate their financial operations journey so they can innovate and thrive.”

“This is our definitive listing of vendors and suppliers who have demonstrated excellence in serving small and midsize customers,” said Mike Hofman, Editor in Chief at Inc. “As part of the vetting process, our team of editors, researchers and reporters gathered information on companies’ products and services, assessed their reputation as captured in online comments and forums, and collected customer testimonials to ensure that the sales pitch matches the actual client experience.”

About Inc.’s Power Partner Awards

The Inc. Power Partner Awards celebrate B2B partners that have demonstrated excellence in serving small and midsize customers. This year’s list recognizes BILL among 359 companies in marketing and advertising, health and wellness, financial services, legal, logistics, public relations, and productivity, as well as other critical areas of business. Every company on the Inc. Power Partner award list received top marks from clients for being instrumental in helping leadership navigate the dynamic world of startups. These B2B partners support entrepreneurs across various facets of the business, including hiring, compliance, infrastructure development, cloud migration, fundraising, etc., allowing founders to focus on their core missions. To view the complete list, go to: https://www.inc.com/power-partner-awards/2024.

Here's what BILL customers are saying:

Stillwater Hospice

“We’ve been able to process payments so much more efficiently than we were previously thanks to BILL. BILL took us from a manual paper-based process to a quick, efficient workflow-based process that eliminated duplicate payments and streamlined approvals. Searching inside of BILL to locate invoices and notes is super easy. We’re thrilled with BILL’s solutions,” said Elaine Jones, CFO, Stillwater Hospice.

TGR Healthcare

“BILL’s ease of use and mobility has had such a positive impact on our business and workflow. Our business wouldn’t be where it is today without BILL,” said Brian Thomas, CEO, TGR Healthcare.

Network of Community Ministries

“BILL has allowed us to process payments faster and easier, giving us so much more time back to focus on our mission of empowering people in need. Thanks to BILL, we can approve and make payments from anywhere and keep our invoices electronically, which has removed the burden of paper checks and manual invoice processes,” said Lee Ann Mills, CFO, Network of Community Ministries.

About BILL

BILL (NYSE: BILL) is a leading financial operations platform for small and midsize businesses (SMBs). As a champion of SMBs, we are automating the future of finance so businesses can thrive. Our integrated platform helps businesses to more efficiently control their payables, receivables and spend and expense management. Hundreds of thousands of businesses rely on BILL’s proprietary member network of millions to pay or get paid faster. Headquartered in San Jose, California, BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and accounting software providers. For more information, visit bill.com.

About Inc.

Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.'s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, digital, print, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241023579470/en/

Press Contact:

John Welton

john.welton@hq.bill.com

IR Contact:

Karen Sansot

ksansot@hq.bill.com

Source: BILL

FAQ

What award did BILL (NYSE: BILL) receive in 2024?

BILL received the 2024 Power Partner Award in the Financial Services category from Inc. for the second consecutive year, recognizing its excellence in supporting SMBs.

How many businesses use BILL's (NYSE: BILL) platform as of FY24?

As of fiscal year 2024, more than 470,000 businesses use BILL as their central hub of financial operations.

What was BILL's (NYSE: BILL) payment volume in FY24?

BILL processed nearly $300 billion in payment volume and facilitated more than 100 million payment transactions in FY24, representing approximately 1% of U.S. GDP.