BILL to Launch Unified Platform Experience for Small Businesses This Fall

BILL will launch a unified platform experience this fall, fulfilling a priority it set a year ago.

This integrated platform will bring together the financial automation software provider’s accounts payable (AP) and expense management solutions, streamlining and simplifying financial operations for small and medium-sized businesses (SMBs), BILL CEO and Founder Rene Lacerte said Thursday (Aug. 17) during the company’s quarterly earnings call.

“Our tightly woven solution with consolidated insights and unified data enables businesses to manage more of their financial back-office in one place than ever before,” Lacerte said.

The unified platform experience was a priority that BILL set a year ago, and the company has accomplished this objective by laying the foundation for its launch this fall, Lacerte said.

This announcement was made as BILL announced its fiscal fourth quarter and full fiscal year 2023 earnings, reporting strong financial performance that included surpassing $1 billion in revenue during the year ended June 30. The company also achieved its first year of non-GAAP profitability.

“With our increasing scale, enhanced platform and expanding ecosystem, we are uniquely positioned to be the essential financial operations platform for millions of SMBs,” Lacerte said in a Thursday earnings release.

During the call, Lacerte highlighted the growth and success of the business, including the expansion of its customer base and the development of strategic partnerships with accounting firms and banks. These partnerships have allowed BILL to further its reach and provide valuable financial solutions to a wider range of businesses.

In addition to the launch of the unified platform, BILL aims to expand its ecosystem by attracting new partners and bringing more innovations to existing partners, Lacerte said. By doing so, the company aims to provide SMBs with a comprehensive suite of financial solutions that meet their evolving needs.

Lacerte expressed confidence in BILL’s ability to continue innovating and serving the needs of SMBs. He noted that the majority of small businesses in the United States and globally still use manual, paper-based processes to manage their back office.

“There is a vast opportunity to help these small businesses automate their financial operations to gain better insight to confidently manage their business and cash flow and easily transact trillions of dollars of B2B payments,” Lacerte said.