
BILL Travel and new innovations across BILL Spend &amp; Expense help SMBs manage travel and spend in one connected experience, cutting time spent on travel workflows by more than 85%


BILL (NYSE:BILL), the intelligent

BILL Travel and new innovations across BILL Spend &amp; Expense help SMBs manage travel and spend in one connected experience, cutting time spent on travel workflows by more than 85%


BILL (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BILL">BILL</a>), the intelligent financial operations platform trusted by nearly half a million businesses to manage, move, and maximize their money, today announced the launch of BILL Travel, a new BILL Spend &amp; Expense product that brings booking, budgets, card controls and expense management into one connected workflow. BILL also announced additional Spend &amp; Expense innovations that build on its vision for a more connected spend management experience.


Stopping out-of-policy spend before it happens


Travel is one of the most common, but least controlled, spend categories for businesses. In 2025 alone, BILL Spend &amp; Expense customers spent more than $2.4 billion on travel. But too often, travel booking and expense reconciliation is happening across fragmented systems, leaving finance teams without clear control or visibility across the full travel lifecycle. In fact, more than <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fgbta.org%2Fcorporate-travel-policies-strengthen-modernize-and-embrace-ai%25E2%2594%2580while-opportunities-remain-for-improving-accessibility-policy-clarity-and-compliance%2F&amp;esheet=54523773&amp;newsitemid=20260428236230&amp;lan=en-US&amp;anchor=one-third+of+surveyed+businesses&amp;index=1&amp;md5=873631aaf254522bd7100f4133f9e0e0" shape="rect">one-third of surveyed businesses</a> identify booking outside required channels as their top compliance issue, making travel a costly blind spot. BILL Travel helps change that by giving businesses a seamless way to search, book, and manage travel within the same platform they use to control company spending, streamlining the process from booking to reconciliation.


"Helping businesses gain more control and visibility while streamlining operations is a top priority for BILL, and travel is one of the most important areas where we can improve that for customers," said Mike Cieri, EVP of Software at BILL. "Because booking, payment, and reconciliation often happen across disconnected systems, travel is one of the hardest spend categories for growing businesses to manage. With BILL Travel and our latest Spend &amp; Expense innovations, we're helping SMBs bring travel into one connected workflow to reduce costs and manual work, with more control before spend happens, better visibility as it happens, and fewer out-of-policy bookings."


Introducing BILL Travel: book, control, and reconcile in one experience


Built directly into BILL Spend &amp; Expense, key capabilities of BILL Travel will include:

<ul xmlns="http://www.w3.org/1999/xhtml" class="bwlistdisc">
<li xmlns="http://www.w3.org/1999/xhtml">
Integrated booking and spend management: Book travel in the same place businesses manage budgets, cards, and expenses, cutting time spent on the travel workflow by more than 85% and saving BILL customers an estimated 105,000+ hours each month.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Proactive policy controls and real-time visibility: Prevent out-of-policy bookings and improve visibility for finance teams into travel spend as it occurs.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Simpler traveler experience: Reduce tool switching and manual follow-up for employees while cutting steps in the travel workflow by nearly 80%.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Broad travel inventory: Access 500+ airlines and 1.5 million hotels in one connected experience, with better visibility into available rates at booking.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Stronger oversight and fraud protection: Help businesses monitor card activity and travel spend while employees are on the road.

</li>
</ul>
Businesses like Critereon&#xAE; are already seeing the impact of BILL Travel in reducing manual work across the travel workflow. "With BILL Travel, we've automated 70% of our travel expense tracking and reporting, which has made a meaningful difference for our team," said Philip Neff, Director at Critereon&#xAE;. "Instead of spending so much time chasing receipts, reconciling expenses, and managing follow-up, we can move faster, focus on higher-value work, and spend more time helping our agricultural customers work more effectively across the supply chain and deliver better products."


More innovation across BILL Spend &amp; Expense


Today's announcement also highlights continued innovation to reimagine the BILL Spend &amp; Expense experience for our customers. New Spend &amp; Expense innovations include:

<ul xmlns="http://www.w3.org/1999/xhtml" class="bwlistdisc">
<li xmlns="http://www.w3.org/1999/xhtml">
Expanded international capabilities: New features help businesses better support cross-border travel and global operations, including international card shipping, clearer visibility into foreign currency transactions, and the ability to pay balances via SWIFT wires.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Transaction Agent: Now generally available, Transaction Agent leverages AI to help reduce manual expense work by automating receipt capture, matching, and coding, including travel-related receipts that often slow reconciliation. Since launch in October, BILL has seen nearly 68x growth in automatically captured receipts, saving customers 4,700+ hours of manual work.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Card customization: New co-branded card capabilities help SMBs extend their brand across their spend programs while maintaining BILL's flexible spend controls.

</li>
</ul>
These capabilities advance BILL's vision for a more connected, touchless Spend &amp; Expense experience. For more information on BILL Spend &amp; Expense and today's innovations, visit our <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bill.com%2Ftravel&amp;esheet=54523773&amp;newsitemid=20260428236230&amp;lan=en-US&amp;anchor=website&amp;index=2&amp;md5=6378763fb4869afa00a92403527671b3" shape="rect">website</a> and <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bill.com%2Fblog%2Ftake-control-of-your-travel-spend&amp;esheet=54523773&amp;newsitemid=20260428236230&amp;lan=en-US&amp;anchor=blog&amp;index=3&amp;md5=8e69bad1b38c314b44a8cee089d68537" shape="rect">blog</a>.


About BILL


BILL (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BILL">BILL</a>) is the intelligent finance platform trusted by nearly half a million businesses and their accountants to manage, move, and maximize their money. BILL powers businesses ranging from fast-moving startups to growing companies with complex operations. We use AI to deliver strategic finance capabilities in one integrated platform that includes AP, AR, expenses, forecasting, procurement and more. With a member network of more than 8 million, BILL's platform processes ~1% of US GDP annually. Headquartered in San Jose, California, BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and software providers. For more information, visit bill.com.

<img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260428236230r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img>View source version on businesswire.com: <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260428236230/en/" rel="nofollow">https://www.businesswire.com/news/home/20260428236230/en/</a>
BILL Media Contacts
 Press Contact:
 Lauren Johns
 <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:pr@hq.bill.com" shape="rect">pr@hq.bill.com</a>


IR Contact:
 Jack Andrews
 <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investor@hq.bill.com" shape="rect">investor@hq.bill.com</a>

BILL

BILL Launches New Travel Offering to Help SMBs Take Control of Travel Spend

BILL Launches Travel Management Feature to Simplify SMB Workflows

<section class="insight" data-version="1">
 <section data-block="information">
 <h3>Information</h3>
 BILL Travel and new innovations across BILL Spend &amp;amp; Expense help SMBs manage travel and spend in one connected experience, cutting time spent on travel workflows by more than 85%


BILL (NYSE:BILL), the intelligent
 </section>

 <section data-block="ai-summary-paragraph">
 <h3>AI Summary</h3>
 BILL launched a new product, BILL Travel, aimed at streamlining travel management for SMBs, resulting in an expected 85% reduction in workflow time. This innovation enhances visibility and control over travel spending, potentially increasing customer retention and attracting new business.
 </section>

 <section data-block="ai-summary-bullets">
 <h3>Key Points</h3>
 <ul><li>BILL launched BILL Travel as part of its Spend &amp; Expense innovations.</li><li>The new product integrates booking, budgets, and management workflows.</li><li>BILL Travel aims to cut travel workflow time by over 85%.</li><li>Businesses using BILL Travel report significant reductions in manual work.</li><li>BILL&#039;s platform now processes approximately 1% of US GDP annually.</li></ul>
 </section>

 <section data-block="companies-mentioned">
 <h3>Companies Mentioned</h3>
 <ul><li>Critereon (Not Public): Critereon reports significant efficiency gains with BILL Travel, showcasing customer success.</li></ul>
 </section>

 <section data-block="category">
 <h3>Corporate Developments</h3>
 This news falls under &#039;Corporate Developments&#039; as it outlines innovation aimed at enhancing customer experience and operational efficiency. Such advancements typically play a pivotal role in increasing market competitiveness and customer loyalty.
 </section>

 <section data-block="market-moving">
 <h3>Market-Moving</h3>
 <ul><li>BILL Travel is expected to save customers over 105,000 hours monthly.</li><li>The integration of travel management promotes customer retention and platform stickiness.</li><li>Smaller companies may be incentivized to adopt BILL&#039;s platform due to enhanced travel control.</li></ul>
 </section>

 <section data-block="key-facts">
 <h3>Key Facts</h3>
 <ul><li>BILL Travel helps manage over $2.4 billion in travel spending for customers.</li><li>The product cuts steps in travel workflow by nearly 80%.</li><li>BILL&#039;s platform processes around 1% of US GDP annually.</li><li>Customers have automated 70% of travel expense reporting with BILL Travel.</li><li>BILL&#039;s innovations have resulted in a 68x growth in automatically captured receipts.</li></ul>
 </section>

 <section data-block="trading-thesis">
 <h3>Trading Thesis</h3>
 Buy BILL shares as this innovation is likely to drive revenue growth and customer satisfaction in 2024.
 </section>
</section>



BILL Travel and new innovations across BILL Spend &amp; Expense help SMBs manage travel and spend in one connected experience, cutting time spent on travel workflows by more than 85%


BILL (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BILL">BILL</a>), the intelligent financial operations platform trusted by nearly half a million businesses to manage, move, and maximize their money, today announced the launch of BILL Travel, a new BILL Spend &amp; Expense product that brings booking, budgets, card controls and expense management into one connected workflow. BILL also announced additional Spend &amp; Expense innovations that build on its vision for a more connected spend management experience.


Stopping out-of-policy spend before it happens


Travel is one of the most common, but least controlled, spend categories for businesses. In 2025 alone, BILL Spend &amp; Expense customers spent more than $2.4 billion on travel. But too often, travel booking and expense reconciliation is happening across fragmented systems, leaving finance teams without clear control or visibility across the full travel lifecycle. In fact, more than <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fgbta.org%2Fcorporate-travel-policies-strengthen-modernize-and-embrace-ai%25E2%2594%2580while-opportunities-remain-for-improving-accessibility-policy-clarity-and-compliance%2F&amp;esheet=54523773&amp;newsitemid=20260428236230&amp;lan=en-US&amp;anchor=one-third+of+surveyed+businesses&amp;index=1&amp;md5=873631aaf254522bd7100f4133f9e0e0" shape="rect">one-third of surveyed businesses</a> identify booking outside required channels as their top compliance issue, making travel a costly blind spot. BILL Travel helps change that by giving businesses a seamless way to search, book, and manage travel within the same platform they use to control company spending, streamlining the process from booking to reconciliation.


"Helping businesses gain more control and visibility while streamlining operations is a top priority for BILL, and travel is one of the most important areas where we can improve that for customers," said Mike Cieri, EVP of Software at BILL. "Because booking, payment, and reconciliation often happen across disconnected systems, travel is one of the hardest spend categories for growing businesses to manage. With BILL Travel and our latest Spend &amp; Expense innovations, we're helping SMBs bring travel into one connected workflow to reduce costs and manual work, with more control before spend happens, better visibility as it happens, and fewer out-of-policy bookings."


Introducing BILL Travel: book, control, and reconcile in one experience


Built directly into BILL Spend &amp; Expense, key capabilities of BILL Travel will include:

<ul xmlns="http://www.w3.org/1999/xhtml" class="bwlistdisc">
<li xmlns="http://www.w3.org/1999/xhtml">
Integrated booking and spend management: Book travel in the same place businesses manage budgets, cards, and expenses, cutting time spent on the travel workflow by more than 85% and saving BILL customers an estimated 105,000+ hours each month.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Proactive policy controls and real-time visibility: Prevent out-of-policy bookings and improve visibility for finance teams into travel spend as it occurs.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Simpler traveler experience: Reduce tool switching and manual follow-up for employees while cutting steps in the travel workflow by nearly 80%.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Broad travel inventory: Access 500+ airlines and 1.5 million hotels in one connected experience, with better visibility into available rates at booking.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Stronger oversight and fraud protection: Help businesses monitor card activity and travel spend while employees are on the road.

</li>
</ul>
Businesses like Critereon&#xAE; are already seeing the impact of BILL Travel in reducing manual work across the travel workflow. "With BILL Travel, we've automated 70% of our travel expense tracking and reporting, which has made a meaningful difference for our team," said Philip Neff, Director at Critereon&#xAE;. "Instead of spending so much time chasing receipts, reconciling expenses, and managing follow-up, we can move faster, focus on higher-value work, and spend more time helping our agricultural customers work more effectively across the supply chain and deliver better products."


More innovation across BILL Spend &amp; Expense


Today's announcement also highlights continued innovation to reimagine the BILL Spend &amp; Expense experience for our customers. New Spend &amp; Expense innovations include:

<ul xmlns="http://www.w3.org/1999/xhtml" class="bwlistdisc">
<li xmlns="http://www.w3.org/1999/xhtml">
Expanded international capabilities: New features help businesses better support cross-border travel and global operations, including international card shipping, clearer visibility into foreign currency transactions, and the ability to pay balances via SWIFT wires.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Transaction Agent: Now generally available, Transaction Agent leverages AI to help reduce manual expense work by automating receipt capture, matching, and coding, including travel-related receipts that often slow reconciliation. Since launch in October, BILL has seen nearly 68x growth in automatically captured receipts, saving customers 4,700+ hours of manual work.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Card customization: New co-branded card capabilities help SMBs extend their brand across their spend programs while maintaining BILL's flexible spend controls.

</li>
</ul>
These capabilities advance BILL's vision for a more connected, touchless Spend &amp; Expense experience. For more information on BILL Spend &amp; Expense and today's innovations, visit our <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bill.com%2Ftravel&amp;esheet=54523773&amp;newsitemid=20260428236230&amp;lan=en-US&amp;anchor=website&amp;index=2&amp;md5=6378763fb4869afa00a92403527671b3" shape="rect">website</a> and <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bill.com%2Fblog%2Ftake-control-of-your-travel-spend&amp;esheet=54523773&amp;newsitemid=20260428236230&amp;lan=en-US&amp;anchor=blog&amp;index=3&amp;md5=8e69bad1b38c314b44a8cee089d68537" shape="rect">blog</a>.


About BILL


BILL (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BILL">BILL</a>) is the intelligent finance platform trusted by nearly half a million businesses and their accountants to manage, move, and maximize their money. BILL powers businesses ranging from fast-moving startups to growing companies with complex operations. We use AI to deliver strategic finance capabilities in one integrated platform that includes AP, AR, expenses, forecasting, procurement and more. With a member network of more than 8 million, BILL's platform processes ~1% of US GDP annually. Headquartered in San Jose, California, BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and software providers. For more information, visit bill.com.

<img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260428236230r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img>View source version on businesswire.com: <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260428236230/en/" rel="nofollow">https://www.businesswire.com/news/home/20260428236230/en/</a>
BILL Media Contacts
 Press Contact:
 Lauren Johns
 <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:pr@hq.bill.com" shape="rect">pr@hq.bill.com</a>


IR Contact:
 Jack Andrews
 <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investor@hq.bill.com" shape="rect">investor@hq.bill.com</a>

BILL launched a new product, BILL Travel, aimed at streamlining travel management for SMBs, resulting in an expected 85% reduction in workflow time. This innovation enhances visibility and control over travel spending, potentially increasing customer retention and attracting new business.

BILL Launches New Travel Offering to Help SMBs Take Control of Travel Spend

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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