BILL Expands Category Leadership, Empowering Businesses to Streamline Procurement and Take Control of Cash Flow

April 23, 2025 at 08:55 AM EDT

New innovations bring AP, AR, Spend & Expense, Procurement and Forecasting together in a single platform for the first time —giving businesses control of their cash flow in one seamless experience

BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), today announced new powerful procurement capabilities and several other meaningful innovations to help businesses and accountants take control of their cash flow and win. BILL is the first company to seamlessly unify robust procure-to-pay workflows with AP, AR, Spend & Expense and Insights & Forecasting in a single, intuitive platform. With these innovations, BILL has once again raised the bar as a category leader– delivering unmatched capabilities that equip businesses to confidently run, grow and succeed.

BILL is solving the most critical problem for business success: Cash flow

Cash flow control is critical to business success. But there are still too many business and finance leaders who lack the confidence and data visibility they need to make strategic financial decisions. Six in 10 financial leaders say that managing cash flow is a top priority in 2025, but almost two-thirds say they can’t improve their cash flow or forecast guidance with spreadsheets. Half of finance leaders report zero automation of their procurement process.

“In an uncertain environment, control and visibility of cash flow is not only key to efficiency – it’s one of the most powerful levers a business has to be more resilient. Legacy spreadsheets and disparate tools are costing American businesses time, money and opportunity, and BILL is the only technology partner delivering more control, more value and more innovation SMBs need and deserve,” said René Lacerte, CEO and Founder of BILL. “Our expansion into procurement reinforces how BILL is driving innovation and setting new standards for helping businesses and accountants to manage and control their cash flow, eliminate ‘busy work’, and make strategic decisions that drive long-term growth and success.”

Procurement at the speed of business

Growing and dynamic businesses trust BILL’s innovation agenda because it delivers real value and gives leaders the visibility and confidence to spend smarter and faster. BILL Procurement is the next step in that innovation journey–giving businesses the ability to manage, approve and track purchase orders with speed, precision and control. BILL is entering the procurement category to empower businesses to:

Harness AI to streamline procure-to-pay workflows, reduce manual work and boost efficiency, all within a single, intuitive workspace.
Access advanced approval routing and automated invoice matching to reduce fraud risk and payment errors.

Payments and customization at scale

BILL is making its intelligent platform more powerful with three new innovations to deliver payments and integration capabilities at scale.

(1) BILL Multi-Entity enables businesses and accounting firms to manage payments across multiple organizations from a single, centralized platform. As businesses scale, financial operations become more complex. BILL is simplifying bill pay operations and making it easier for leaders to run and grow multiple organizations seamlessly, and with speed and control. Businesses can:

Easily add new entities and manage payments, expenses and approvals across multiple organizations within one platform.
Gain centralized financial oversight with streamlined cash flow management, bill approvals and payment processing across entities for enhanced visibility and control.

(2) The BILL API Platform empowers businesses and accountants to tailor financial workflows to meet their unique needs. With thousands of organizations already benefitting from this new capability, BILL is delivering the technology businesses need to scale and grow with confidence. Businesses can:

Integrate BILL’s financial capabilities into their existing systems to streamline workflows across AP, AR and Spend & Expense.
Build and automate custom financial processes to reduce manual entry, improve efficiency and support compliance.

(3) As businesses grow, the volume and complexity of managing payables leads to increased costs, compliance risks and barriers to scale. Finance teams can spend days and weeks manually processing thousands of bills. BILL will save businesses time and money by making it easier to pay bills in bulk. Enhancements include:

The ability to pay thousands of bills at a time, helping teams handle growing transaction volumes with ease and speed for maximum efficiency.
Smarter bill selection, faster processing and improved error handling– all built to streamline approval workflows, reduce manual work and keep payments flowing without disruption.

SMBs and Accountants welcome BILL’s innovations

Francisco Santa, Director of Finance, Operations at Distinctive Schools

“We’ve broken free from spreadsheet purgatory and the chaos of manually tracking purchase orders across outdated, disjointed systems—and we’re not looking back. BILL Procurement gives us real-time control over spending and cash flow, which is critical for our continued growth. Cash flow fuels our success, and with BILL as our technology partner, we can focus on what matters most: helping students thrive.”

Michelle Hodges, CPA, Principal, Public Sector, Finance and Accounting Solutions, Rehmann

“The role of accounting firms is evolving as clients seek more strategic guidance to make better business decisions. BILL helps us deliver on that promise by giving us real-time visibility into spend and future cash flow, allowing us to move our clients beyond spreadsheets. With BILL Procurement, we’re scaling procurement services to improve efficiency, accuracy and compliance, empowering clients to grow with confidence and shape the future of advisory.”

For more information, visit http://www.bill.com/blog/new-innovations-bill-intelligent-financial-operations.

About BILL

BILL (NYSE: BILL) is a leading financial operations platform for small and midsize businesses (SMBs). As a champion of SMBs, we are automating the future of finance so businesses can thrive. Our integrated platform helps businesses to more efficiently control their payables, receivables and spend and expense management. Hundreds of thousands of businesses rely on BILL’s proprietary member network of millions to pay or get paid faster. Headquartered in San Jose, California, BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and accounting software providers. For more information, visit bill.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250423660169/en/

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BILL Expands Category Leadership, Empowering Businesses to Streamline Procurement and Take Control of Cash Flow

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