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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 (NYSE: BILL), a leading financial operations platform for SMBs, has announced the appointment of Mary Kay Bowman as EVP, GM of Payments and Financial Services. Bowman, a seasoned payments industry leader with over 20 years of experience, will oversee the company's payments and financial services business, reporting directly to CEO and Founder René Lacerte.
Bowman's extensive background includes leadership roles at Visa, Square, Amazon, and Digital River. Her appointment is aimed at accelerating BILL's innovation agenda, enhancing existing payment offerings, and delivering new options for SMB and accountant customers. This strategic move is expected to strengthen BILL's position as the essential financial operations platform for small and midsize businesses.
BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), has announced its participation in the upcoming Autonomous Future of Commerce Virtual Symposium. The event is scheduled for Thursday, September 12, 2024, at 9:10am PT.
Investors and interested parties can access the live webcast and replay of BILL's presentation through the company's investor relations website at https://investor.bill.com/. BILL's platform helps SMBs efficiently manage their payables, receivables, and spend and expense management. The company serves hundreds of thousands of businesses and is headquartered in San Jose, California.
BILL (NYSE:BILL), a leading financial operations platform for small and midsize businesses (SMBs), has announced its participation in two upcoming investor conferences. The company will be presenting at the Deutsche Bank Technology Conference on August 28, 2024, at 9:30am PT, and the Goldman Sachs Communacopia + Technology Conference on September 10, 2024, at 9:30am PT.
Live webcasts and replays of these presentations will be available on BILL's investor relations website. BILL's integrated platform helps SMBs efficiently manage their payables, receivables, and spend and expense management. The company serves hundreds of thousands of businesses and is headquartered in San Jose, California.
BILL (NYSE: BILL) reported strong financial results for Q4 and FY 2024. Total revenue for FY24 reached $1.3 billion, up 22% year-over-year, while core revenue grew 19% to $1.1 billion. Q4 saw a 16% increase in both total and core revenue. The company announced a $300 million share repurchase program, reflecting confidence in its strategy and future growth.
Key highlights include:
- Q4 non-GAAP operating income of $60.0 million, up 42% year-over-year
- FY24 non-GAAP net income of $244.0 million, or $2.12 per diluted share
- Processed $76 billion in total payment volume in Q4, up 10% year-over-year
- Served 474,600 businesses using BILL solutions
BILL provided guidance for Q1 FY25 and full FY25, projecting continued growth in revenue and non-GAAP operating income.
BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), has announced it will report its fiscal fourth quarter and fiscal year 2024 financial results on Thursday, August 22, 2024, after the market close. The company will host a webcast at 1:30pm PT (4:30pm ET) on the same day to discuss the results.
Investors and interested parties can access the news release with financial results and a link to the webcast on BILL's investor relations website (https://investor.bill.com). A replay of the webcast will also be available on the same platform for those unable to attend the live event.
Ethos Capital LP has announced the addition of four new Executive Partners: Caroline Campbell, Allie Kline, Colin Kessinger, and Nagui Elyas. These appointments bring over a century of combined experience to the firm's senior operating team. The new partners will join a group of 21 existing Executive Partners, working closely with portfolio companies throughout the investment process.
Each new partner brings unique expertise:
- Caroline Campbell: Technology and business management consulting
- Allie Kline: Business growth and transformation
- Colin Kessinger: Analytics and supply chain management
- Nagui Elyas: Education, training, and development
Ethos Capital's Managing Partners emphasized that these additions align with the firm's vision of responsible capitalism, prioritizing sustained growth over short-term profits.
BILL (NYSE: BILL), a prominent financial operations platform for SMBs, has appointed Sarah Acton as Chief Customer Officer (CCO). This newly created role emphasizes integrating the company's sales and marketing teams to enhance customer experience. Reporting directly to President and CFO John Rettig, Acton leverages her two-year tenure as BILL's Chief Marketing Officer and over 30 years of experience in marketing and sales. BILL's strategy aims to deepen relationships with over 450,000 SMB customers by understanding and addressing their evolving needs through innovative solutions. Acton’s leadership is set to drive growth and a customer-centric approach within the company.
Regions Bank and BILL have announced the launch of Regions CashFlowIQ, a new digital payment solution aimed at enhancing payment and cash-management processes for Regions' commercial clients. The platform offers advanced accounts payable and receivable capabilities, allowing businesses to automate, consolidate, and streamline their financial operations. Key features include bill payments, invoice creation, payment tracking, workflow approvals, and automatic reconciliation with accounting software. The solution supports multiple payment options, including ACH, credit/debit cards, virtual cards, checks, and international wires, providing clients with flexible and secure payment methods. Regions CashFlowIQ aims to help businesses save time and resources, enabling them to focus more on their core activities.
BILL (NYSE: BILL), a financial operations platform for SMBs, announced the repurchase of approximately $234.5 million in outstanding 0.0% Convertible Senior Notes due 2025.
The repurchase price is around $221.7 million, with the transactions set to close on June 4, 2024, pending customary conditions. Post-repurchase, $167.3 million of these notes will remain outstanding.
The company plans to cancel the repurchased notes, potentially impacting BILL's stock market price.
BILL (NYSE:BILL), a top financial operations platform for SMBs, announced its participation in the BofA Securities Global Technology Conference on June 4, 2024, at 1:20 PM PT. The event will be live-streamed and available for replay on the company's investor relations website. BILL offers an integrated platform that automates financial operations like payables, receivables, and expense management, used by hundreds of thousands of businesses. It partners with leading U.S. financial institutions and accounting firms to provide efficient financial solutions, helping SMBs thrive.
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