- BILL (BILL, Financial) introduces new procurement capabilities, unifying AP, AR, Spend & Expense, and Forecasting in a single platform.
- The platform enhancements aim to provide SMBs with improved cash flow control and procurement efficiency.
- BILL's innovations include procurement automation, multi-entity management, and bulk payment processing.
BILL (BILL), a leading platform for financial operations catering to small and midsize businesses (SMBs), has launched new procurement capabilities and other significant innovations. These advancements aim to provide businesses with a seamless experience to manage their cash flow and streamline their financial operations.
The platform's latest features consolidate procure-to-pay workflows with Accounts Payable (AP), Accounts Receivable (AR), Spend & Expense, and comprehensive forecasting tools into one intuitive system. This integration is set to enhance businesses’ ability to make informed strategic decisions by offering greater visibility and control over cash flow.
Addressing a significant gap in the market, BILL reports that half of financial leaders currently have no automation in their procurement process. With the new BILL Procurement feature, businesses can automate complex procurement workflows using AI, reduce manual effort, and increase efficiency across operations.
Further advancements include the BILL Multi-Entity feature that streamlines payments across multiple entities from a centralized platform, providing businesses with enhanced oversight of their financial operations. The BILL API Platform enables customization of financial workflows, allowing businesses to integrate BILL’s capabilities into their existing systems for improved operational efficiency.
A notable enhancement is the bulk payment feature, which allows businesses to process thousands of bills simultaneously, optimizing transaction handling, reducing errors, and ensuring smooth cash flow management.
René Lacerte, CEO and Founder of BILL, emphasized that in today’s uncertain environment, control and visibility over cash flow are crucial for business resilience and efficiency. Through these innovations, BILL continues to empower SMBs with the tools necessary for growth and success.
