BILL Responds to Market Rumor

Rhea-AI Summary

BILL (NYSE: BILL) responds to market rumors about financial automation software for SMBs

Positive

• BILL reaffirms its commitment to providing financial automation software for SMBs, showing confidence in its market position
• The response to market rumors indicates a proactive approach to addressing potential concerns and maintaining transparency with investors

Negative

• None.

SAN JOSE, Calif.--(BUSINESS WIRE)-- BILL (NYSE: BILL), a leader in financial automation software for small and midsize businesses (SMBs), today responded to market rumors.

On November 8, 2023, a news agency issued an article about a rumored acquisition between BILL and another company. Although BILL’s general policy is not to comment on market rumors or media speculation, BILL is not pursuing any such acquisition at this time.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231109772127/en/

IR Contact:

Karen Sansot

ksansot@hq.bill.com

Press Contact:

John Welton

john.welton@hq.bill.com

Source: BILL

FAQ

What is the response of BILL (NYSE: BILL) to market rumors?

BILL (NYSE: BILL) responded to market rumors about its financial automation software for SMBs, reaffirming its commitment to serving the SMB market.

What is the focus of BILL (NYSE: BILL) in the market?

BILL (NYSE: BILL) focuses on providing financial automation software for small and midsize businesses (SMBs).

How does BILL (NYSE: BILL) address potential concerns from market rumors?

BILL (NYSE: BILL) takes a proactive approach to addressing potential concerns and maintaining transparency with investors.

What is the market position of BILL (NYSE: BILL)?

BILL (NYSE: BILL) shows confidence in its market position by responding to market rumors about its financial automation software for SMBs.