BILL Unveils New Features for BILL Spend & Expense to Enhance Visibility and Control of Business Finances for SMBs and Accountants

BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), today announced new features for its Spend & Expense solution, formerly known as Divvy, to help SMBs and accounting firms gain even greater visibility and control of their business finances. The latest capabilities, complete with a budgets interface redesign, include additional ways to customize spend target limits, consolidate controls to manage spend easier, and group budgets to streamline management of multiple budgets.

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“For SMBs, correctly managing spend can be the difference between success and failure. To do this effectively they need real-time visibility and precise control of their budgets, but they also need flexibility and options based on team needs, categories of spend, or specific periods of time,” said Irana Wasti, Chief Product Officer at BILL. “Our new BILL Spend & Expense features deliver exactly that – helping SMBs to be more effective in how they manage their budgets, while empowering them with the control and visibility they need for their cash flow, so they can focus on their business with confidence.”

Customizable Control with Target Spending Limits and Enhanced Policy Controls

Target spending limits allow businesses to tailor their budgets to specific needs, increasing efficiency and flexibility of spend with BILL Divvy Corporate Cards.¹ Enhanced policy controls complement this feature, streamlining the management and compliance of spending policies.

Key benefits include:

• Customize Spending Thresholds: Adjust spending limits based on business needs or maintain continued spending with a buffer.
• Streamline Policy Enforcement: Implement clear spending policies for easier enforcement and compliance.
• Create Custom Approval Processes: Create sequential or non-sequential approval flows involving key personnel, ensuring efficient and controlled budget management.
• Gain Flexibility for Card Spend: Control overspending to avoid unwanted card declines, or forgo budget limits and only get declines when a credit limit is reached.

New Budget Groups Feature and Simplified Interface