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Bill.com Reviews

San Jose, California

4.3/ 5

3 reviews

BILL Holdings, Inc., formerly known as Bill.com, is an American technology company that provides a cloud-based, artificial intelligence-powered financial operations platform for small and midsize businesses (SMBs). Founded in April 2006 by fintech entrepreneur René Lacerte, the company was initially established under the name Cashboard, Inc. with the mission of giving businesses enhanced visibility and control over their cash flows. In 2008, it was rebranded as Bill.com and began expanding its offerings to automate back-office financial processes, making paper-based manual transaction processing obsolete. The core function of BILL is to streamline and unify accounts payable (AP), accounts receivable (AR), and spend and expense management into a single, intelligent platform. Through advanced machine learning algorithms and proprietary tools like the BILL Invoice Coding Agent, the platform reads and categorizes financial data with high accuracy, executing end-to-end workflows and eliminating manual entry. This automation helps businesses process payments via multiple methods—including ACH, checks, corporate cards, and cross-border transfers—while automatically syncing transaction data with major accounting software solutions. The company completed its initial public offering (IPO) on the New York Stock Exchange in December 2019, trading under the ticker symbol BILL. Following its IPO, the firm pursued aggressive expansion through strategic acquisitions. In June 2021, it acquired the expense management platform Divvy for $2.5 billion, and later that year, closed a $625 million acquisition of Invoice2go, a mobile-first AR solution. In 2022, it added the cash flow forecasting tool Finmark to its portfolio and formally refreshed its corporate branding from Bill.com to BILL to represent its evolution into a fully unified financial operations hub. Headquartered in San Jose, California, BILL serves an extensive ecosystem that has grown to become one of the largest B2B networks in the United States, connecting over 4.7 million members and processing nearly 1% of the total U.S. gross domestic product (GDP) annually. The company’s solutions are heavily trusted within the financial sector, serving close to half a million business customers alongside more than 9,500 accounting firms, including 98 of the top 100 U.S. public accounting firms. Financially, the company exceeded $1 billion in annual revenue in 2023, and for the trailing twelve months ending March 31, 2026, reported a total revenue of $1.6 billion. It operates under the leadership of Founder and CEO René Lacerte and Chief Customer Officer Sarah Acton, focusing on strategic automation tools to help small businesses scale efficiently.