“Our solutions are helping more than 400,000 businesses manage their financial operations, empowering them with more control and cash flow visibility while giving them more time to run their businesses. That trend has helped drive a 79% four-year compound annual growth rate (CAGR) for BILL, formerly known as. “Our digital-first payments and invoicing platform helps businesses improve efficiencies and focus on what matters most.'ĭuring an earnings call last month, BILL founder and CEO René Lacerte said that demand for digitizing back-office operations is only growing for small and medium-sized businesses (SMBs) hoping to navigate today’s economic uncertainties.Īs PYMNTS wrote, cloud-based software tools that help businesses automate back offices by integrating traditionally siloed processes into all-in-one digital platforms “are increasingly being leveraged by SMBs to remove common pain points and frictions arising from legacy paper-based and manual systems.” “Small businesses need real-time insight into their finances to save them time, have greater visibility and control over their cash flow,” said Irana Wasti, chief product officer at BILL. Billing software firm BILL has launched a bill pay/invoicing platform with BMO.ĭubbed BMO Bill Connect, the cloud-based platform “gives customers more visibility and control over their financial operations,” BILL and BMO (the Bank of Montreal) said in a news release Thursday (March 9).Īccording to the release, the tool offers “end-to-end accounts payable and accounts receivable services” and was designed to work with accounting software like QuickBooks and Xero, giving businesses invoice and payment tracking and payment acceptance capabilities.

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