# Bill.com **Source:** https://geo.sig.ai/brands/billcom **Vertical:** Finance **Subcategory:** AP/AR Automation **Tier:** Challenger **Website:** bill.com **Last Updated:** 2026-04-14 ## Summary SMB financial operations platform with $1.3B revenue processing $280B annually; AP/AR automation and Divvy corporate cards competing with Ramp and Brex for SMB finance share. ## Company Overview Bill.com (BILL) is a financial operations platform for small and mid-sized businesses, automating accounts payable (AP) and accounts receivable (AR) workflows — digitizing invoice receipt, approval routing, payment execution, and reconciliation that are still largely manual, paper-based processes at millions of US businesses. Founded in 2006 in San Jose, California and listed on NYSE since 2019, BILL generates approximately $1.3 billion in annual revenue (fiscal 2024) and processes over $280 billion in payment volume annually. BILL's AP automation receives digital or scanned invoices, uses AI to extract vendor data and line items, routes invoices through customizable approval workflows, and executes payment via ACH, check, card, or international wire. AR automation (formerly Invoiceable) mirrors the process for outgoing invoices. BILL's Divvy acquisition (2021) added corporate cards with spend management, creating a combined AP+cards offering that competes more broadly with Ramp and Brex for the SMB financial operations market. In 2025, BILL faces a competitive inflection as Ramp, Brex, and other fintech challengers have targeted BILL's customer base with modern UX, better cash-back rewards on corporate cards, and strong AP automation. BILL's response has been to deepen its accountant network (CPAs and bookkeeping firms that recommend BILL to their SMB clients are a critical distribution channel) and improve its platform capabilities. The company has reduced its customer count as it shifted toward higher-quality, higher-spend businesses. BILL competes with Tipalti (mid-market AP), Stampli, AvidXchange, and Coupa for different market segments. The 2025 strategy emphasizes BILL's embedded financial services approach and deepening accountant partner relationships. ## Frequently Asked Questions ### What is Bill.com? Bill.com is a cloud-based financial operations platform that automates accounts payable (AP) and accounts receivable (AR) processes for small and medium-sized businesses. The platform streamlines invoice management, digital payments, and back-office workflows, enabling SMBs to process payments and collect invoices more efficiently. Bill.com helps businesses save time and reduce manual data entry while maintaining better control over their finances. ### When was Bill.com founded and by whom? Bill.com was founded in 2006 by René Lacerte in Palo Alto, California. Lacerte is an experienced entrepreneur who previously founded PayCycle, a successful payroll processing company. His vision was to create a simple platform that would help businesses connect and do business more efficiently through automated financial operations. ### Is Bill.com a public company? Yes, Bill.com went public on the New York Stock Exchange (NYSE) under the ticker symbol BILL in 2019. The company has grown to a valuation of approximately $4 billion, making it one of the leading financial automation platforms for SMBs. Being publicly traded allows Bill.com to continue investing in product development and strategic acquisitions. ### What major acquisitions has Bill.com made? In 2021, Bill.com acquired Invoice2go and Divvy, two complementary financial software platforms. Invoice2go strengthened Bill.com's invoicing capabilities, while Divvy enhanced its spend management and corporate card offerings. These strategic acquisitions expanded Bill.com's product suite and enabled the company to serve more comprehensive back-office needs for SMBs. ### What core products and services does Bill.com offer? Bill.com's core offerings include AP automation for managing and paying vendor invoices, AR automation for creating and collecting customer invoices, and digital payments functionality to streamline transaction processing. The platform also integrates accounting software to provide a unified financial operations experience. Additionally, through acquisitions like Divvy, Bill.com offers corporate cards and spend management tools. ### How does Bill.com help with accounts payable? Bill.com's AP automation solution captures invoices, routes them for approval based on customizable workflows, and automates payment processing. The platform reduces manual data entry, prevents duplicate payments, and provides complete visibility into spending. Users can pay vendors via ACH, checks, wire transfers, or credit cards, all within one centralized system. ### How does Bill.com help with accounts receivable? Bill.com's AR automation streamlines invoice creation, delivery, and payment collection from customers. The platform tracks invoice status in real-time, sends automated payment reminders, and supports multiple payment methods to encourage faster payment. This helps businesses improve cash flow and reduce days sales outstanding (DSO). ### What are the main use cases for Bill.com? Bill.com is ideal for SMBs looking to streamline back-office operations, reduce manual processing time, and improve cash flow management. Common use cases include reducing AP processing costs, accelerating invoice collections, gaining real-time visibility into financial operations, and ensuring compliance with proper approval workflows. The platform benefits various industries including professional services, retail, healthcare, and manufacturing. ### What makes Bill.com different from competitors? Bill.com stands out as a comprehensive financial operations platform that combines AP and AR automation with digital payments and spend management in one integrated solution. Founded by an experienced fintech entrepreneur and backed by a $4 billion valuation, Bill.com offers enterprise-grade security and reliability at SMB-friendly pricing. The company's strategic acquisitions have expanded its product ecosystem, allowing users to handle multiple financial processes on a single platform. ### How secure is Bill.com? Bill.com prioritizes security with bank-level encryption, multi-factor authentication, and compliance with industry standards like SOC 2 Type II certification. The platform uses advanced fraud detection mechanisms to prevent unauthorized transactions and provides detailed audit trails for all financial activities. Regular security audits and continuous monitoring help ensure that user data and financial information remain protected. ### Does Bill.com integrate with accounting software? Yes, Bill.com integrates with popular accounting platforms including QuickBooks Online, QuickBooks Desktop, Xero, and others. These integrations enable seamless synchronization of invoice and payment data between Bill.com and accounting systems, eliminating duplicate data entry and ensuring financial records stay consistent. The open API also allows for custom integrations with other business tools. ### How much does Bill.com cost? Bill.com offers flexible pricing plans designed for different business sizes and needs. Pricing typically scales based on the number of users, invoices processed, and features required. The company offers a free trial for new users to explore the platform before committing. For specific pricing details and custom quotes, businesses should contact Bill.com's sales team or visit their website. ### How do I get started with Bill.com? Getting started with Bill.com is straightforward: sign up for a free trial on their website, connect your accounting software, and begin uploading invoices or setting up payment workflows. Bill.com provides onboarding support and training resources to help new users adopt the platform effectively. Most businesses can be up and running within days, with dedicated support teams available for implementation assistance. ### What payment methods does Bill.com support? Bill.com supports multiple payment methods including ACH transfers, check payments, wire transfers, and credit/debit card payments. This flexibility allows businesses to choose the most cost-effective and convenient payment method for each transaction. The platform also handles payment tracking and reconciliation automatically, simplifying the entire payment process. ### Can Bill.com help improve my business's cash flow? Yes, Bill.com significantly improves cash flow management through faster invoice collection, better payment visibility, and automated payment workflows. The AR automation feature helps businesses receive payments quicker by sending timely reminders and offering convenient payment options to customers. Additionally, the AP automation provides better control over spending and payment timing, helping optimize working capital. ## Tags b2b, saas, fintech, payment-processing, automation, scaleup, public --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*