BILL Strengths, Domain Expertise, and Key Differentiators
The BILL cloud-based Payment Management Platform stands as a cornerstone in the realm of financial automation, empowering small and midsize businesses (SMBs) with streamlined payment processes crucial for thriving in the digital era. With a robust suite of offerings bolstered by the integration of Finmark, Invoice2Go, and Divvy, BILL solidifies its position as a leader in financial operations optimization. Leveraging innovative technology, BILL provides SMBs with comprehensive solutions encompassing accounts receivable, spend management, and financial planning, ensuring efficiency, accuracy, and control throughout their financial workflows.
BILL Recent Developments
BILL, formerly known as a financial operations platform with a dot-com suffix, underwent a significant rebranding effort in 2022, marking a pivotal shift in its trajectory. The name change to "BILL" reflects the company's dedication to supporting both billers and bill payers, aligning with its mission to empower SMBs globally. Over the past 16 years, BILL has evolved into a key player in SMB support, recently unveiling new purchase order capabilities in October 2023. These enhancements, coupled with the integration of its financial operations solutions into a single platform in September 2023, underscore BILL's commitment to streamlining financial workflows for SMBs and accounting firms. With a focus on automation and AI technology, BILL aims to provide enhanced control, visibility, accuracy, and efficiency in managing accounts payable and receivable processes. The introduction of the BILL Financial Operations Platform offers real-time insights into cash flow, various funding options, and simplified user experiences, catering to the evolving needs of SMBs. This strategic evolution positions BILL as a champion for SMBs, dedicated to facilitating their growth and success in an increasingly competitive landscape.
BILL Mergers and Acquisitions (M&A) Activities
In 2022, BILL, has finalized its acquisition of Finmark, a leading financial planning software firm catering to SMBs. With this acquisition, BILL aims to enhance its platform by integrating Finmark’s financial planning tools, offering SMBs comprehensive insights into cash flow and facilitating future planning. The strategic move aligns with BILL’s mission to streamline financial operations for SMBs and underscores its commitment to empowering businesses through innovative solutions.
BILL Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying BILL applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of BILL and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified BILL Platform customers.
BILL Overview
6220 America Center Drive Suite 100
San Jose, CA, 95002, United States
1 650-621-7700
https://www.bill.com/
Ownership: - BILL : NYSE
Number of Employees: 2521
Functional Markets: ERP Financial,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
BILL Key Enterprise and Cloud Applications
BILL Platform
BILL Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
BILL Revenue Breakdown By Type, $M:
BILL Enterprise Applications Revenues By Functional Markets, $M:
BILL Enterprise Applications Revenues By Verticals, $M:
BILL Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
BILL Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
BILL Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified BILL Customers
No. of BILL Customers: 460000
No. of BILL Enterprise Applications Customers: 460000
No. of BILL Cloud Customers: x
No. of BILL Cloud Subscribers: x
BILL serves as a trusted partner for a diverse array of customers, ranging from small to mid-size businesses (SMBs) across various industries. With its innovative financial automation solutions, BILL empowers businesses to streamline their operations and thrive in today's digital economy. Some notable names among BILL's esteemed clientele include Bear Robotics, Goodie Nation, and Repurpose. Whether it's managing accounts payable, receivable, or optimizing spend management, BILL's comprehensive suite of offerings caters to the unique needs of SMBs, helping them achieve greater efficiency and success in their financial endeavors.
BILL Market Opportunities, M&A and Geo Expansions
Looking ahead, BILL is poised to capitalize on several opportunities in the evolving landscape of financial automation for small and midsize businesses (SMBs). With its recent acquisitions and integrations, such as Finmark, Invoice2Go, and Divvy, BILL has expanded its suite of offerings to encompass a broader spectrum of financial operations, including accounts receivable and spend management. This strategic diversification positions BILL to tap into new markets and cater to a wider range of SMB needs, enhancing its competitive edge in the industry. Additionally, as SMBs increasingly recognize the importance of digital transformation for financial efficiency and growth, BILL stands at the forefront, poised to meet the rising demand for comprehensive and user-friendly solutions. By continuing to innovate and adapt to emerging trends, BILL is well-positioned to solidify its position as a leader in the financial automation space and drive sustained growth in the future.
BILL's survey in 2024 sheds light on the growing enthusiasm among small and midsize businesses (SMBs) for AI adoption in financial operations. The report highlights that 85% of SMBs are eager to leverage AI, recognizing its potential for strategic planning and daily business activities. With automation already transforming financial operations, AI presents further opportunities for enhancing accuracy and efficiency. SMBs view integrated financial management solutions, like BILL's platform, as essential for business success, citing benefits such as real-time insights into cash flow and improved decision-making. As an early adopter of AI and automation, BILL continues to innovate, leveraging its expertise to develop solutions that simplify financial operations for SMBs and accountants alike. Testimonials from SMBs underscore the significant time savings and enhanced accuracy facilitated by BILL's AI capabilities.
BILL Risks and Challenges
Looking forward, BILL faces potential risks in navigating the evolving landscape of financial automation for small and midsize businesses (SMBs). While AI and automation present opportunities for streamlining operations, there are inherent challenges in ensuring seamless integration and adoption across diverse business environments. BILL must remain vigilant in addressing concerns related to data security and privacy, particularly as AI capabilities expand and customer data becomes increasingly valuable.
BILL Ecosystem, Partners, Resellers and SI
In April 2019, BILL forged a strategic partnership with MasterCard to provide accelerated and automated payment solutions tailored to small and midsize business clientele. Additionally, BILL has established partnerships with leading U.S. financial institutions, over 70 of the top 100 accounting firms, and major accounting software providers such as NetSuite, Intacct, QuickBooks, and Xero. Notably, BILL serves as the preferred provider of digital payments solutions for CPA.com, the technology division of the American Institute of CPAs (AICPA). These partnerships reinforce BILL's position as a key player in the financial services ecosystem, enabling it to deliver innovative solutions and expand its market reach effectively.
BILL Cloud Infrastructure Insights
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- BILL Public Cloud and Infrastructure (IaaS)
- BILL Platform (PaaS)
- BILL Application Delivery
- BILL Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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