#Bill.com smbs divvy barrononline software#

'Since founding, I have been driven by the desire to build solutions that make a real difference for small and mid-sized businesses. With real-time insight into all their B2B spending and access to multiple payment solutions, businesses will be empowered to spend smarter, better manage their budgets and cash flow, and simplify their back-office financial operations.

's expanded solution will enable businesses to automatically manage accounts payable, accounts receivable, and corporate card spend all in one place, saving them valuable time and money.

The acquisition supports 's mission and enhances our ability to deliver value to the combined customer base.

#Bill.com smbs divvy barrononline software#

Divvy is a leader in spend management that modernizes finance for business by combining expense management software and smart corporate cards into a single platform. We’ve spent the last 16 years building software to help you succeed and our door is always open for (NYSE: BILL), a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses (SMBs), announced today it has entered into a definitive agreement to acquire Divvy in a stock and cash transaction valued at approximately $2.5 billion. We know you have choices, and that’s a good thing. If you’re a small or midsize business and you know you need digital tools to help you succeed there’s no better time than right now. We hear time and time again from our customers that they can save 50% or more of their time on their AP finances - think what you could do with that time! Since the beginning, we’ve focused on building a trusted product that is purpose built for SMBs - including capabilities to serve and integrate with accountants, financial institutions and accounting software. Our recent acquisitions of Divvy and Invoice2go have added important and unique capabilities that enable us to better serve these customers. These macro forces have been a catalyst for digital transformation for many businesses. GDP and nearly 40% of total payroll. When they flourish, it strengthens our communities and the economy overall. SMBs have proven their resilience and problem solving DNA most recently by weathering a number of different macroeconomic challenges.

Inspired because SMBs are estimated to represent 50% of the U.S. Technology is accelerating and enabling change across our economy. More and more we depend on SMB’s to be the glue behind our communities and to drive innovation that fuels progress around the world. And technology has moved from being a barrier to an enabler. As the economy depends on SMBs’ success more than ever, all of us at are inspired by these businesses. My passion and care for SMB’s runs in my blood and it is why I’ve spent the last three decades building for and serving SMBs. I remember thinking, “Why should these businesses have to manage their cash flow the same way my grandfather did 60 years ago?” When given access to the technology that is custom built for them as happens with enterprise companies, they flourish. 16 years ago I started with the belief that small businesses deserve more innovation focused on them.