BILL Expands Most Comprehensive Financial Operations Platform for SMBs with Powerful Predictive Cash Flow Tools

BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), today announced innovative cash flow forecasting and insights capabilities designed to empower SMBs and their accountants to predict future cash flow, understand trends and opportunities, and make better business decisions, faster.

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(Graphic: Business Wire)

The new offerings, BILL Insights and BILL Cash Flow Forecasting, are integrated into the BILL Financial Operations Platform, which already provides category-leading accounts payable (AP), accounts receivable (AR), and spend and expense solutions. With these new enhancements, BILL delivers the most comprehensive financial operations platform enabling SMBs to optimize, manage, and forecast cash flow within a single platform. BILL Insights and BILL Cash Flow Forecasting are currently available to select SMB and accountant customers of BILL and will become more widely available in calendar Q1 2024.

“For SMBs, data drives success. Decisions on how, when, and where to allocate capital, make new investments, or adapt business strategy require timely forecasting and insights capabilities that are actionable,” said Irana Wasti, Chief Product Officer at BILL. “This is the first integration of innovative technology from our acquisition of Finmark into our platform since it was completed. We are now delivering even more powerful and comprehensive tools that will help SMBs better manage their cash flow and optimize their business for success.”

SMBs Need Clarity, Control, and Confidence

SMBs are resilient, but they are operating in a complex and changing economic and business environment. There are 33 million SMBs in the US, comprising 99.9% of all US firms. The strategic financial and business decisions made by every one of these SMBs today, will determine their ability to grow and succeed into the future. The challenge for SMBs is that without timely and actionable data and insights, they are left guessing at their future.

Only 38% of SMBs are using dedicated financial and analysis planning tools according to research from BILL. In addition, according to The BILL 2024 State of Financial Automation Report, 84% agree that automated financial operations can help to provide the insights needed to improve decision-making. Many businesses lack visibility into cash flow trends or financial opportunities which could help them make better business decisions. BILL is changing that, by removing the guesswork of cash flow forecasting and decision-making.