Hopper58 schreef op 15 juni 2024 18:39:
Lang artikel maar Adyen wordt vernoemd. Bill heeft blijkbaar een akkoord met Adyen:
Bill Holdings (BILL) Boosts Financial Footprint With RF Tie-Up
Zacks Equity Research June 13, 2024
Bill Holdings (BILL Quick QuoteBILL - Free Report) is expanding its footprint in the financial landscape with the recent launch of Regions CashflowIQ in partnership with Regions Financial (RF Quick QuoteRF - Free Report) .
Regions CashflowIQ is aimed at simplifying payments and streamlining cash-management processes for commercial clients.
The digital solution, powered by BILL, offers robust accounts payable and receivable capabilities, enables automated bill payments, customized invoicing and multiple payment options.
With features like enhanced efficiency and visibility, automatic syncing and reconciliation with accounting software, and flexible payment options including credit, debit, virtual cards, automated clearing house, checks and international wires, Regions CashflowIQ promises to streamline financial workflows and provide digital accounts management benefit to clients.
BILL’s Strong Portfolio Aids Growth
BILL’s latest initiative has enhanced its financial operations for small and midsize businesses through advanced digital solutions, ensuring streamlined payments and efficient cash management.
The company is also benefiting from an expanding portfolio, which is further solidifying its position in the financial technology landscape.
In March, BILL announced an innovative cash flow forecasting and insights capabilities designed to empower small and medium businesses (SMBs) and their accountants to predict future cash flow, understand trends and opportunities, and make better business decisions faster.
In the third quarter of fiscal 2024, BILL's solutions were utilized by 464,900 businesses and transacting more than $71 billion in total payment volume. The company experienced 19% year-over-year growth in total revenues, reaching $323 million in the third quarter.
Its expanding SMB clientele with the likes of Adyen (ADYEY Quick QuoteADYEY - Free Report) and Xero has been a key catalyst.
In February, BILL announced a partnership with Adyen to integrate advanced acquiring and issuing capabilities into its financial operations platform for SMBs, enhancing accounts payable and receivable solutions with Adyen's technology.
In March, the company collaborated with Xero to integrate BILL’s bill pay solution into Xero’s platform, enhancing accounts payable capabilities for U.S. small businesses.
BILL’s Q4 View Strong
Bill Holdings’ strong demand for its financial operations platform among SMB’s are contributing to its growth prospects continuously, thereby driving top-line growth.
For the fourth quarter of fiscal 2024, management expects revenues to be between $320 million and $330 million, indicating growth of 8-11% from the year-ago levels. The Zacks Consensus Estimate is pegged at $327.56 million, implying a rise of 10.67%.
Non-GAAP earnings per share are expected to be between 41 cents and 49 cents. The consensus mark remained unchanged in the past 30 days at 47 cents.
www.zacks.com/stock/news/2288057/bill...