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BILL Holdings, Inc. (NYSE: BILL) is a prominent provider of cloud-based software-as-a-service (SaaS) solutions focused on automating financial operations for small and midsize businesses (SMBs). Headquartered in San Jose, California, BILL helps over 2 million members process $36 billion in payments annually, significantly reducing the time and effort required for financial back-office operations.
BILL's integrated platform streamlines accounts payable (AP) and accounts receivable (AR) transactions, enabling businesses to connect seamlessly with suppliers and customers. This platform not only automates end-to-end processes but also ties together critical elements such as finance and accounting programs, banks, vendors, accounting professionals, and essential documents.
The company boasts a strong partnership network, being the preferred choice for three of the top ten U.S. banks, leading accounting software providers like QuickBooks Online and Xero, and over 50% of the top 100 accounting firms in the United States. BILL is also the only business payments solution endorsed by the American Institute of CPAs (AICPA).
Recent achievements include BILL's partnership with global financial technology platform Adyen. This collaboration aims to enhance BILL's AP and AR solutions through advanced acquiring and issuing experiences. The integration of Adyen's card issuing services into BILL's virtual card offering exemplifies the company's commitment to innovation and providing seamless payment experiences for SMBs.
As a recipient of more than 70 awards, including multiple PC Magazine’s Editor’s Choice Awards, BILL continues to be recognized for its contributions to the financial technology sector. Notably, CEO René Lacerte was recently honored as an Ernst & Young (E&Y) Entrepreneur of the Year.
Moreover, BILL's financial condition remains robust due to its successful Initial Public Offering (IPO) and subsequent follow-on offerings. The company's financial products and services continue to evolve, ensuring that SMBs can manage their cash flows efficiently, eliminate expense reports, and improve overall back-office efficiency.
For more information and latest updates about BILL, visit bill.com.
Bill.com (NYSE:BILL) has successfully acquired Invoice2go, a prominent mobile-first accounts receivable solution provider, for approximately $625 million. The transaction involves 75% in Bill.com stock and 25% in cash. This acquisition aims to enhance Bill.com's accounts receivable capabilities, providing better support for small and midsize businesses. CEO René Lacerte highlighted the strategic value of combining payables and receivables, enabling comprehensive cash management. Bill.com plans to share a financial update during its fiscal first quarter earnings call.
Bill.com (NYSE: BILL), a leader in cloud-based software for small and midsize businesses, has announced participation in several upcoming investor conferences. Key presentations include:
- Deutsche Bank’s 2021 Technology Conference on September 9 at 12:10 PM PT
- Piper Global Technology Conference on September 13 at 8:00 AM PT
- Jefferies Virtual Software Conference on September 14 at 11:30 AM PT
Live webcasts and replays will be available on the company's investor relations website.
Bill.com reported Q4 2021 core revenue of $77.5 million, up 100% year-over-year, and total revenue of $78.3 million, marking an 86% increase. Transaction fees soared by 204% year-over-year. The company recorded a net loss of $41.9 million, or ($0.48) per share, compared to a $9.5 million loss in Q4 2020. For the fiscal year, total revenue reached $238.3 million, up 51%. Looking ahead, Bill.com expects Q1 FY22 revenue between $103.2 - $104.2 million, representing a growth of 123% - 126% year-over-year. The upcoming Invoice2go acquisition is not reflected in this guidance.
Bill.com (NYSE: BILL) has partnered with KPMG Spark to provide automated bill pay solutions for small and midsize businesses (SMBs). The collaboration aims to simplify and digitize financial operations, offering advantages like up to 50% time savings in bill management, secure payment options, and a single dashboard for easy access to financial records. KPMG Spark aims to enhance its services for clients, focusing on real-time, secure solutions that align with both companies' commitments to the SMB community.
Bill.com (NYSE: BILL) will announce its financial results for the fourth quarter and fiscal year ending June 30, 2021, on August 26, 2021, after market close. A webcast will follow at 1:30 PM PT (4:30 PM ET) to discuss the results. Investors can access the news release and webcast link at the Bill.com investor relations website. The company specializes in cloud-based software that automates financial operations for SMBs, enhancing cash management and facilitating connections with suppliers and clients through AI-enabled technology.
Bill.com has announced its agreement to acquire Invoice2go for approximately $625 million, comprising 75% stock and 25% cash. This acquisition aims to enhance Bill.com's accounts receivable offerings and streamline financial operations for small and midsize businesses. The deal positions Bill.com to leverage Invoice2go’s mobile-first AR software, potentially accelerating e-payment adoption among small businesses. The transaction is expected to close by year-end, pending regulatory approvals.
Bill.com (NYSE: BILL), a leader in cloud-based financial software for small and midsize businesses, announced its participation in Oppenheimer’s 2021 Virtual Software & Semiconductor Bus Tour scheduled for June 11, 2021, at 11:45am ET. The event will feature a live webcast and a replay available on the company’s investor relations website. Bill.com offers a platform that digitizes and automates financial operations, enhancing cash flow management and business connections. The company collaborates with major financial institutions and accounting firms.
Bill.com (NYSE:BILL) has successfully completed its acquisition of Divvy for approximately $2.5 billion in stock and cash. This strategic move aims to streamline financial operations for small and midsize businesses (SMBs) by providing an integrated solution for managing B2B spend and workflows. The collaboration is anticipated to enhance Bill.com's offerings, enabling businesses to automate accounts payable and gain real-time insights into cash flow. The deal underscores both companies' commitment to innovation in financial management.
Bill.com (NYSE: BILL), a top provider of cloud-based software for small and midsize businesses, announced participation in several investor conferences. Upcoming events include:
- William Blair’s 41st Annual Growth Stock Conference on June 3, 2021, at 11:40am ET.
- Bernstein’s 37th Annual Strategic Decisions Conference on June 4, 2021, at 11:00am ET.
- BofA 2021 Global Technology Conference on June 9, 2021, at 10:45am ET.
Live webcasts will be accessible on the Company’s investor relations website.
Bill.com (NYSE: BILL) has entered a definitive agreement to acquire Divvy for approximately $2.5 billion in cash and stock. This acquisition aims to enhance Bill.com’s offerings by integrating Divvy’s spend management solutions, allowing small and midsize businesses (SMBs) to manage all financial operations in one platform. The deal, backed by both companies' boards, is projected to close by the end of Bill.com’s first fiscal quarter. Customers will benefit from increased automation and real-time financial insights, empowering better budget management and spending decisions.
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