Source: businesswire

BILL has unveiled new procurement capabilities that make it the first company to unify procure-to-pay workflows with accounts payable, accounts receivable, spend management, and financial forecasting in a single platform. This innovation addresses a critical challenge for small and midsize businesses: cash flow control. According to BILL, six in ten financial leaders identify cash flow management as their top priority for 2025, while half report zero automation in their procurement processes.

“In an uncertain environment, control and visibility of cash flow is not only key to efficiency – it’s one of the most powerful levers a business has to be more resilient,” said René Lacerte, CEO and Founder of BILL. The new procurement functionality allows businesses to harness AI for streamlining workflows, implement advanced approval routing, and automate invoice matching to reduce fraud risk and payment errors.

Beyond procurement, BILL announced three additional innovations: BILL Multi-Entity enables businesses to manage payments across multiple organizations from one platform; the BILL API Platform allows for customized financial workflows integration; and enhanced bulk payment processing capabilities help growing businesses manage increasing transaction volumes efficiently.

These enhancements reflect BILL’s commitment to eliminating the inefficiencies of legacy spreadsheets and disparate tools that cost American businesses time and money. By providing a comprehensive financial operations platform, BILL aims to give business leaders the visibility and confidence they need to make strategic financial decisions that drive long-term growth and success.