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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) is set to report its financial results for Q4 and fiscal year ending June 30, 2022, on August 18, 2022, after market close. A webcast will follow at 1:30 PM PT to discuss the outcomes. Bill.com, headquartered in San Jose, CA, provides cloud-based software to automate financial operations for small and midsize businesses. Solutions include expense management via Divvy and mobile invoicing with Invoice2go. More details will be available on their investor relations website.
Bill.com (NYSE:BILL) has appointed Tina Chan Reich to its board of directors. With over 20 years of experience in global financial services, Reich has held significant roles, including Senior VP at American Express and Chief Risk Officer at Credibly. Her expertise in credit, risk management, and analytics will enhance Bill.com's mission to provide streamlined financial operations for small and midsize businesses (SMBs). CEO René Lacerte praised her passion for SMB support, anticipating improved product offerings under her guidance.
Bill.com (NYSE:BILL) has announced the winners of its ‘Grow’ award program, designed for small business owners from underrepresented groups. A total of $200,000 was awarded to 20 winners, chosen from 31,000 applicants. Prizes included cash awards of $15,000, $10,000, and $5,000, alongside a one-year subscription to Invoice2go. The program aims to support minority-led businesses by providing financial resources and mentorship, emphasizing the company's commitment to enhancing diversity in the finance sector.
Bill.com (NYSE:BILL), a top provider of cloud-based software for SMBs, announced its participation in several upcoming investor conferences. Key events include the J.P. Morgan 50th Annual Global Technology, Media & Communications Conference on May 23, 2022, Jefferies Software Conference on June 1, 2022, William Blair's 42nd Annual Growth Stock Conference on June 7, 2022, and BofA Securities' 2022 Global Technology Conference on June 9, 2022. Live webcasts will be available on the company's investor relations website. Presentation times may change.
Bill.com (NYSE:BILL) has appointed Michael DeAngelo as the new Chief People Officer, reporting directly to CEO René Lacerte. DeAngelo brings over two decades of experience in HR and business transformation, having held leadership roles at notable companies such as Google and Pepsico. His appointment aims to enhance Bill.com's mission of supporting small and midsized businesses (SMBs) in their digital transformation efforts. DeAngelo's expertise in scaling teams aligns with the company's growth goals.
Bill.com (NYSE: BILL) reported a strong Q3 fiscal 2022, with total revenue reaching $166.9 million, a 179% increase year-over-year. Core revenue jumped 182% to $165.5 million, driven by significant growth in transaction fees, which soared 286%. Organic core revenue was $102.1 million, a 74% rise. Despite a net loss of $86.7 million or ($0.84) per share, non-GAAP losses were lower than anticipated. The company processed $55.1 billion in total payment volume, a 57% increase, and confirmed Q4 and FY22 guidance pointing to continued growth.
Bill.com (NYSE:BILL) announced the appointment of Aida Álvarez to its board of directors. Álvarez, a former head of the U.S. Small Business Administration, brings extensive experience in public service and investment banking. Known for her leadership and commitment to small and midsize businesses, she expressed her dedication to supporting entrepreneurs. CEO René Lacerte highlighted her valuable perspective for the company’s growth. Bill.com aims to simplify financial operations for SMBs, offering solutions to enhance cash flow management.
Bill.com (NYSE: BILL), a leader in cloud-based financial automation for small and midsized businesses, will report its fiscal Q3 financial results for the period ending March 31, 2022, after market close on May 5, 2022. A webcast to discuss these results will occur at 1:30 PM PT (4:30 PM ET) on the same day. Investors can access the news release and webcast on the Bill.com investor relations website. The company partners with major U.S. financial institutions and accounting firms, enhancing its market presence.
Bill.com (NYSE:BILL) has appointed Rinki Sethi as Vice President and Chief Information Security Officer. Sethi will lead global information security and technology, focusing on enhancing data protection for customers, partners, and employees. With over two decades of experience, she previously held CISO roles at Twitter and Rubrik Inc. and has worked with major companies like IBM and eBay. This move is expected to bolster Bill.com’s software security following its recent acquisitions of Divvy and Invoice2go, strengthening its position in the financial software market for small and midsize businesses.
Bill.com (NYSE: BILL) has expanded its partnership with CPA.com, designating Divvy as CPA.com’s exclusive partner for expense management and corporate cards. This enhancement aims to streamline financial operations for CPA firms, providing an integrated solution that combines bill payments, expense management, and spend tracking. The collaboration is geared towards empowering firms with advanced tools, improving client advisory services (CAS), and meeting growing demands in accounting practices. This initiative reflects the increasing importance of CAS in the industry.
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