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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 leader in financial automation software for SMBs, has successfully acquired Finmark, a financial planning software provider. This acquisition aims to enhance BILL's offerings, enabling SMBs to gain comprehensive cash flow insights and streamline financial operations. CEO René Lacerte emphasized the shared vision of supporting SMBs' success, while the Chief Product Officer highlighted the added capabilities and integrations Finmark brings to BILL’s platform. The deal is positioned to accelerate digital transformations for SMBs across markets.
BILL (NYSE:BILL) has announced its participation in several upcoming investor conferences aimed at small and midsize businesses. These events include the Citi 12th Annual Financial Technology Conference on November 14, 2022, the Wells Fargo 6th Annual TMT Summit on November 29, 2022, and the Credit Suisse 26th Annual Technology Conference on November 30, 2022. Live webcasts of these presentations will be accessible through the company's investor relations website. BILL specializes in financial automation software, streamlining financial workflows for hundreds of thousands of businesses.
BILL (NYSE: BILL) reported impressive financial results for Q1 FY23, with total revenue reaching $229.9 million, a 94% increase year-over-year. Core revenue also grew by 83% to $214.6 million. Non-GAAP gross profit was $197.2 million, yielding an 85.8% gross margin. Despite a net loss of $81.6 million ($0.78 per share), the company achieved non-GAAP profitability with a net income of $16.9 million ($0.14 per share). BILL now serves nearly 420,000 businesses and processed $64.9 billion in payment volume, reflecting a robust growth trajectory.
BILL has announced the acquisition of Finmark, a financial planning software provider designed for small and midsize businesses (SMBs). This strategic move aims to enhance BILL's cash flow insights and reporting capabilities, making financial management simpler for SMBs. The acquisition is approved by both companies’ Boards and is expected to finalize by year-end, pending customary closing conditions. The integration of Finmark’s tools is projected to empower SMBs with automated forecasting and data-driven decision-making.
BILL (NYSE:BILL), a leader in financial automation software for small and midsize businesses (SMBs), has announced the appointment of Alison Wagonfeld to its board of directors. With 25 years of experience, Wagonfeld is currently the Vice President of Marketing at Google Cloud and has contributed to its significant growth since 2016. Her expertise in cloud business development and digital transformation is expected to provide valuable insights as BILL continues to scale its operations globally, enhancing its service for SMBs.
Bill.com (NYSE: BILL) will announce its financial results for the fiscal first quarter ending September 30, 2022, on November 3, 2022, after market close. A webcast discussing these results will be held at 1:30 PM PT that same day. The financial results and webcast link will be accessible via the BILL investor relations website.
BILL is a leader in financial automation software for small and midsize businesses, offering solutions to manage financial workflows, simplify finances, and enhance business operations.
Bill.com (NYSE:BILL) has appointed Loren Padelford as its new Chief Commercial Officer (CCO), overseeing sales and strategic partnerships. Reporting to CEO René Lacerte, Padelford brings extensive experience from Podium and Shopify, where he significantly contributed to revenue growth. His leadership is expected to enhance Bill.com's efforts in empowering small and midsized businesses (SMBs) through financial automation, aiming to expand its reach across the U.S. and globally.
Bill.com (NYSE:BILL), a leading provider of cloud-based financial software for small and midsize businesses, announced its participation in multiple upcoming investor conferences. Key events include the Deutsche Bank Technology Conference on August 31, 2022, Goldman Sachs Communacopia + Technology Conference on September 12, 2022, and the Piper Sandler Growth Frontiers Conference on September 14, 2022. A presentation at the Autonomous Research Future of Commerce Symposium is also scheduled for September 15, 2022. Webcasts will be available on their investor relations website.
Bill.com (NYSE: BILL) announced its Q4 and fiscal year 2022 financial results, highlighting a 151% year-over-year increase in core revenue, reaching $194.8 million. Transaction fees surged 201% to $139.6 million. Despite strong growth, net loss widened to $84.9 million or ($0.81) per share. The company processed $60.7 billion in payment volume in Q4 and served 400,000 businesses. Looking ahead, Bill.com targets a revenue guidance of $955.5 to $973.5 million for fiscal year 2023, indicating continued growth.
Bill.com (NYSE:BILL) has announced the appointments of Irana Wasti as Chief Product Officer and Sofya Pogreb as Chief Operating Officer. Both will report to CEO René Lacerte. Wasti brings extensive experience from roles at Typeform and GoDaddy, while Pogreb has over 20 years in fintech with leadership positions at NEXT Insurance and PayPal. Their expertise is expected to enhance Bill.com's mission to simplify financial operations for small and midsized businesses globally.
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