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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) 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.
Bill.com (NYSE: BILL), a leader in cloud-based financial software, will participate in key investor events. John Rettig, CFO, will speak at the 2022 Wolfe FinTech Forum on March 8 at 9:00am PT. René Lacerte, CEO, is a keynote speaker at the 17th KeyBanc Emerging Tech Summit on March 9 at 12:05pm PT. Live webcasts will be available on their investor relations website.
Bill.com reported a 190% increase in total revenue to $156.5 million for Q2 FY22, credited to strong growth in core revenue, which rose 197% year-over-year. Key metrics included 85% organic core revenue growth and a 313% spike in transaction fees. Despite a non-GAAP net loss of $220,000 (or $0.00 per share), the company expanded its gross margin to 85.3%. Bill.com served 135,000 customers and processed over $56 billion in payment volume. Guidance for Q3 FY22 anticipates total revenue between $157.0 - $158.0 million.
Bill.com (NYSE:BILL) announced the appointment of Germaine Cota as Senior Vice President, Finance & Accounting. Cota will manage global accounting operations, financial reporting, tax, and treasury functions, reporting to John Rettig, CFO. With extensive experience in finance, including roles at 8x8, Inc., Mercari, Inc., and LinkedIn, her leadership is expected to support Bill.com's growth strategy aimed at streamlining back-office financial processes for small and midsize businesses.
Bill.com (NYSE: BILL), a leader in cloud-based financial software for SMBs, will announce its fiscal Q2 results for the period ending December 31, 2021, on February 3, 2022, after market close. A webcast to discuss these results will follow at 1:30 PM PT. Investors can access the news release and webcast link on the Bill.com investor relations website. The company partners with major financial institutions and accounting firms, providing solutions that automate back-office financial processes for improved cash flow management.
Bill.com (NYSE:BILL) has appointed Sarah Acton as the new Chief Marketing Officer. Reporting to CEO René Lacerte, Sarah brings over 25 years of marketing expertise, including significant roles at Athos, LinkedIn, and Yahoo!. Her experience includes driving brand growth and marketing strategies for major companies and government entities. Sarah aims to enhance Bill.com's marketing strategies, focusing on small and midsized businesses. This leadership change is expected to accelerate the company’s brand-building efforts in the financial software sector.
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