Live at SuiteWorld: NetSuite and BILL Partner to Accelerate AP Process

NetSuite and BILL are partnering to accelerate accounts payable processes for US NetSuite customers. 

Oracle NetSuite, the #1 AI Cloud ERP, and BILL, the intelligent finance platform trusted by half a million businesses to manage, move and maximize their money, have formed a strategic partnership to deliver enhanced payment processing to US customers. The new BILL-powered payment automation capability, which is embedded in NetSuite Intelligent Payment Automation, helps customers accelerate accounts payable processes, increase efficiency, and reduce risk. 

“Accounts payable plays an important role in helping organizations manage cash flow, control costs, and build stronger vendor relationships,” said Evan Goldberg, founder and executive vice president, Oracle NetSuite. “Our strategic partnership with BILL will enable our customers to optimize payment processes within NetSuite. It will also help us continue to extend the value our customers get from NetSuite Intelligent Payment Automation, one of the most advanced, AI-powered accounts payable offerings on the market.” 

With quick activation and support for all US banks, the new BILL-powered payment automation capability will enable NetSuite customers to begin making payments from their existing bank accounts within minutes of signing up. BILL’s extensive network of more than eight million businesses enables customers to seamlessly connect with vendors and make fast, easy, and secure payments. In addition, advanced encryption, fraud prevention, multi-factor authentication, and compliance with PCI DSS and SOC 2 standards help ensure best-in-class security and adherence to industry best practices and applicable laws and regulations. 

“This partnership marks an important milestone in our BILL mission to make intelligent finance more accessible to growing businesses everywhere—delivering innovation where they need it most, inside the systems they rely on to run their critical operations," said René Lacerte, chief executive officer and founder of BILL. “As an industry leader in delivering AP automation to nearly half a million BILL customers, we’re proud that our powerful payment capabilities and extensive network are being embedded within the world’s #1 AI Cloud ERP—providing an entirely new way for businesses to pay faster, optimize cash flow and accelerate growth." 

With NetSuite Intelligent Payment Automation, customers can capture and pay bills, track payment information, and plan batch payment runs from one central location. Unlike point solutions that rely on delayed synchronization, NetSuite Intelligent Payment Automation is fully embedded, so the system of record is where every payment is initiated, tracked, and reconciled in real time. This is made possible by NetSuite’s advanced AI capabilities, which help enable the seamless flow of data across procurement, bill capture, payments, and reporting. NetSuite Intelligent Payment Automation includes: 

• Payment automation: Helps customers improve efficiency with fast, secure, integrated payment capabilities that are powered by BILL’s market-leading offering and its expansive vendor network of millions.  

• Bill capture: Helps customers accelerate billing by eliminating manual data entry through AI-powered bill capture and matching capabilities.  

• Intelligent payment proposal: Helps customers optimize payment strategies and achieve payment run goals by executing agentic AI workflows specified in natural language.  

• Bill matching: Helps customers reduce errors and risk by automatically linking vendor bills to the correct purchase orders, avoiding overpayment, duplicate charges, or fraudulent bills.  
• Payment reconciliation: Helps customers improve the accuracy of accounting data by eliminating error-prone manual reconciliation and enabling a faster financial close. 

Availability 

NetSuite Intelligent Payment Automation is now available to customers in the US. 

Disclosures: 

Content (including graphic images herein) furnished by Oracle NetSuite Corporate Communications and published by Insightful Accountant with minor editorial revisions aimed at meeting the style preferences of our readers.  Insightful Accountant is not responsible for any of the original material provided within this content. 

NetSuite and Oracle are registered trademarks of Oracle Corporation. Oracle Corporation is a publicly-traded NYSE-listed (ORCL) multinational corporation headquartered in Austin, Texas (USA). For more than 25 years, Oracle NetSuite has helped organizations grow, scale, and adapt to change. NetSuite provides an integrated system that includes financials / Enterprise Resource Planning (ERP), inventory management, HR, professional services automation and omnichannel commerce, used by more than 37,000 customers in 219 countries and dependent territories.

BILL (NYSE: BILL) is a leading financial operations platform for small and midsize businesses (SMBs). As a champion of SMBs, we are automating the future of finance so businesses can thrive. Our integrated platform helps companies to control their payables, receivables, and spend and expense management more efficiently. Hundreds of thousands of businesses rely on BILL's proprietary member network of millions to pay or get paid faster. Headquartered in San Jose, California, BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and accounting software providers. For more information, visit bill.com.

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