Bill Expands Most Comprehensive Financial Operations Platform for SMBs with Powerful Predictive Cash Flow Tools
March 05, 2024 at 08:55 am EST
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BILL Holdings, Inc. 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. 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 First Quarter 2024. Predict Future Cash Flow and Get Timely Visibility Into Business Performance: BILL Cash Flow Forecasting provides SMBs with the clarity and control needed to manage business and confidently plan for tomorrow. BILL leverages accounting data to quickly generate forecasts to fuel better business decisions. Key Benefits Include: Predict future cash flow: Leverage historical accounting data to quickly generate cash flow forecasts. Look ahead up to thirteen months with predictive cash flow modeling.
Get timely cash flow visibility: Access cash flow dashboards with metrics including cash in and cash out, net cash flow, and cash balance. Stay on track with visual cash flow metrics: Track business performance by comparing budgets against actual cash flow. Easily run ?what if? simulations to forecast how business decisions could impact future cash flow.
BILL Holdings, Inc. is a provider of software-as-a-service, cloud-based payments, and spending and expense management products. It enables users to automate accounts payable and accounts receivable transactions, enable businesses to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve back-office efficiency. It offers financial automation software for small and midsize businesses (SMBs). Through its automated solutions, it helps SMBs simplify and control their finances. It is a partner of the United States financial institutions, accounting firms, and accounting software providers. Its artificial-intelligence (AI)-enabled financial software platform creates connections between its customers, their suppliers, and their clients. Businesses on its platform generate and process invoices, streamline approvals, make, and receive payments, manage employee expenses, sync with their accounting system, and manage their cash.