March 28, 2024

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business the management

Monthly bill.com Acquires Divvy | CPA Practice Advisor

2 min read

Invoice.com is obtaining commit administration technological innovation maker Divvy in a inventory and money transaction valued at close to $2.5 billion. Divvy is a leader in spend management that modernizes finance for company by combining expense management program and wise corporate cards into a one system. Invoice.com is a supplier of cloud-based mostly computer software that simplifies, digitizes, and automates complicated back again-office environment fiscal operations for compact and midsize enterprises.

The acquisition supports Monthly bill.com’s mission and improves our skill to supply benefit to the combined buyer foundation. Invoice.com’s expanded resolution will help businesses to routinely deal with accounts payable, accounts receivable, and company card shell out all in one position, saving them important time and revenue. With true-time insight into all their B2B expending and obtain to multiple payment solutions, firms will be empowered to spend smarter, far better handle their budgets and income flow, and simplify their back-workplace economic operations.

“Since founding Invoice.com, I have been pushed by the drive to develop remedies that make a true difference for compact and mid-sized enterprises. Customers have been inquiring us to assistance them with their spend management, and I am energized that jointly with Divvy, we can deliver on that question, furthering our vision to renovate SMB money functions. Our expanded system will present a lot more automation and true-time details to SMBs, enabling them to make additional informed choices,” claimed René Lacerte, Bill.com CEO and Founder. “We are excited to perform with the gifted Divvy team. We have a shared enthusiasm for helping SMBs succeed and equally providers are driving our customers’ electronic transformations. Alongside one another, we can further empower SMBs to changeover rapidly and easily.”

The blend will broaden the marketplace opportunity for each corporations. Invoice.com can give expenditure administration and budgeting software blended with clever company playing cards to its far more-than 115,000 consumer base and its community of 2.5 million members. Divvy will be able to provide automated payable, receivables, and workflow capabilities to the much more-than 7,500 every month lively SMBs that it serves.

“We are fired up to be becoming a member of forces with Monthly bill.com to assistance SMBs improve and prosper by modernizing and transforming their economic operations,” mentioned Blake Murray, Divvy CEO and Co-Founder. “At Divvy, our shoppers are our correct north, and they always have been. As we listened to our shoppers, we read them request for a complete payments system so that they really do not have to use several software program devices to manage their finances. Right now I’m happy that Divvy is signing up for Bill.com to provide the one-halt-store system that our buyers and the sector have been asking for.”

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