BILL, the intelligent finance platform trusted by nearly half a million businesses to manage, move, and maximize their money, has announced it recently surpassed $2 trillion in cumulative total payment volume (TPV) since its founding.
On an average day, around $1 billion in payments flows through BILL. Behind every dollar moved is a finance workflow that has been automated or accelerated: an invoice captured and coded, approvals routed, vendor validated, fraud prevented, and payments sent and reconciled. This scale underscores why BILL is a leader in delivering software and payments for the Fortune 5 Million.
“This $2 trillion milestone belongs to the businesses and firms that have trusted BILL with their most important financial work, and we thank every one of them,” said René Lacerte, CEO and Founder of BILL. “Together, we have built an ecosystem of SMBs, accounting firms, suppliers and partners at scale, and that is why BILL is a leader in this industry. Now we are putting that scale, expertise, and experience to work to define the future of intelligent finance.”
BILL Delivers for Businesses and Firms
This volume also reflects the range of businesses and firms that rely on BILL to help them save time and money, including:
$2 trillion is only the start. BILL is building what comes next, using AI to cut workflow friction, save time, and protect money for customers. The platform is built on a deep understanding of how SMBs manage their finances and payments. In the last year, BILL’s AI-powered platform has:
To learn more about how BILL’s agentic technology, visit bill.com/ai.
* - Special Note: BILL defines Total Payment Value (TPV) as the total value of transactions that we process on our platform during a particular period, comprising transactions from BILL AP/AR customers, BILL Divvy Card transactions, and transactions executed by Embedded Solutions and Other customers. Our calculation of TPV is presented gross of payments that may be subsequently reversed. For additional information about our customers, how we define TPV and the various risks and uncertainties that our business is subject to, refer to the periodic reports we file with the Securities and Exchange Commission (SEC), including our quarterly and annual reports, which may be obtained on the Investor Relations section of BILL’s website (https://investor.bill.com/financials/sec-filings/default.aspx) and on the SEC website at www.sec.gov.
Disclosures:
This feature adapted from press release content furnished by BBILL. Source content published by Insightful Accountant is solely for educational purposes. Insightful Accountant is not responsible for any of the original content furnished by BILL.
BILL (NYSE: BILL) is the intelligent finance platform trusted by nearly half a million businesses and their accountants to manage, move, and maximize their money. BILL powers businesses ranging from fast-moving startups to growing companies with complex operations. We use AI to deliver strategic finance capabilities in one integrated platform that includes AP, AR, expenses, forecasting, procurement and more. With a member network of more than 9 million, BILL’s platform processes ~1% of US GDP annually. Headquartered in San Jose, California, BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and software providers. For more information, visit bill.com.
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