Bill.Com Strengths, Domain Expertise, and Key Differentiators
The Bill.com cloud-based Payment Management Platform automates, streamlines, and controls payments process to ensure that no business is left behind in the growing digital economy.
Bill.Com Recent Developments
In May 2019, Bill.com introduced the industry’s first platform leveraging artificial intelligence to provide end-to-end financial workflow automation. The new Bill.com Intelligent Business Payments Platform streamlines and controls payment processes while saving SMBs and midsize companies time and reducing human error.
In July 2018, Bill.com, U.S. business payments service, unveiled Bill.com International Business Payments. Now Bill.com customers can pay international vendors electronically, making cross-border business payments just as easy as domestic. This gives Bill.com users a simple, cost-effective and seamless way to transact globally. With Bill.com International Business Payments, users can now pay both international and domestic vendors electronically using one simple process, while getting visibility and control with detailed payment information all in one place. In addition to significant time savings, Bill.com saves its users over 50 percent on the cost of international wire transfer fees compared to most banks. Bill.com International Business Payments is available in more than 25 countries where cross-border business payments are most common with additional countries due to launch in the coming months. The expanded service provides users with all of the popular Bill.com features. It includes the same automated approval process, seamless integration with leading accounting software, simple vendor management, and online document storage.
Bill.Com Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Bill.Com 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.Com 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.Com, customers.
Bill.Com Overview
Ownership: - BILL : NYSE
Number of Employees: 544
Functional Markets: ERP Financial Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, 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 Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
Bill.Com Key Enterprise and Cloud Applications
Bill.Com,
Bill.Com Revenues, $M:
| Type/Year | 2018 | 2019 | 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.Com Revenue Breakdown By Type, $M:
| Type | License | Services | Hardware | Support & Maintenance | SaaS |
|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Bill.Com Enterprise Applications Revenues By Functional Markets, $M:
Bill.Com Enterprise Applications Revenues By Verticals, $M:
Bill.Com Revenues By Region, $M
| Region | % of Total Revenues | 2019 Total Revenues, $M | 2019 Enterprise Applications Revenues, $M | 2019 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.Com Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Bill.Com Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Bill.Com Customers
No. of Bill.Com Customers: 100000
No. of Bill.Com Enterprise Applications Customers: 100000
No. of Bill.Com Cloud Customers: 100000
No. of Bill.Com Cloud Subscribers: 1000000
Bill.com serves more than 100,000 customers. Bill.com customers are Iconis Group, Sea View Partners, CourseSmart, Hernandez&Company, Burger King, Readyforce, McDonald's, Soutirage Wine, Zong, Propeller Industries, Harshman Phillips&Company, Miracle Ear, Mozilla Foundation, and others.
Bill.Com Market Opportunities, M&A and Geo Expansions
In August 2019, Bill.com appointed Josh Goines as Senior Vice President of Strategic Partnerships. In this new role, Goines will lead the company's strategic relationships with technology companies, including Intuit, and partnerships with some of the largest U.S. financial institutions. Goines also will identify new partnership opportunities for Bill.com.
In April 2019, Bill.com unveiled an $88M funding round led by Franklin Templeton with participation from Mastercard, Fidelity Investments Canada ULC and others.
In February 2019, Bill.com is expanding its operations to Houston as the company enters a new phase of growth. With plans to open its 25,000 square foot space in the Westchase district in Spring 2019, the company is actively hiring a team including developers and customer support professionals with other roles to follow.
In October 2017, JPMorgan Chase & Co and Temasek Holdings have led a $100 million investment in Bill.com that helps business digitize their payments.
Bill.Com Risks and Challenges
With the advent of a whole host of mobile payments services, the challenge for Bill.com is whether to embrace them while still retaining its B2B focus.
Bill.Com Ecosystem, Partners, Resellers and SI
In April 2019, Bill.com partnered with MasterCard to offer faster, automated payments for small and midsize business customers.
Bill.com partners with the largest U.S. financial institutions, more than 70 of the top 100 accounting firms, major accounting software providers including NetSuite, Intacct, QuickBooks and Xero, and is the preferred provider of digital payments solutions for CPA.com, the technology arm of the American Institute of CPAs (AICPA)
Bill.Com Cloud Infrastructure Insights
Subscribe to read more about:
- Bill.Com Public Cloud and Infrastructure (IaaS)
- Bill.Com Platform (PaaS)
- Bill.Com Application Delivery
- Bill.Com 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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