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NetSuite and BILL Partner to Accelerate Accounts Payable Processes

1. BILL partners with Oracle NetSuite for enhanced payment processing. 2. The partnership aims to improve cash flow and vendor relationships. 3. New payment automation will be available to all US banks. 4. BILL's capabilities will be embedded in NetSuite's AI Cloud ERP. 5. The integration will optimize accounts payable processes for customers.

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Why Bullish?

The partnership enhances customer offerings and payment solutions, potentially driving revenue growth. Historical collaborations in fintech often result in increased market share and customer retention.

How important is it?

The strategic partnership significantly enhances BILL's market position and service offerings, likely appealing to new and existing customers.

Why Short Term?

Immediate adoption of the payment solutions will likely generate short-term customer interest and increased transaction volume. Long-term effects depend on customer feedback and integration satisfaction.

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NetSuite Intelligent Payment Automation enables US customers to make fast,  secure , and flexible  vendor payments from within the world's #1 AI Cloud ERP , /PRNewswire/ -- SuiteWorld -- Oracle NetSuite, the #1 AI Cloud ERP, and BILL (NYSE: BILL), the intelligent finance platform trusted by half a million businesses to manage, move and maximize their money, have formed a strategic partnership to deliver enhanced payment processing to US customers. The new BILL-powered payment automation capability, which is embedded in NetSuite Intelligent Payment Automation, helps customers accelerate accounts payable processes, increase efficiency, and reduce risk. "Accounts payable plays an important role in helping organizations manage cash flow, control costs, and build stronger vendor relationships," said Evan Goldberg, founder and executive vice president, Oracle NetSuite. "Our strategic partnership with BILL will enable our customers to optimize payment processes within NetSuite. It will also help us continue to extend the value our customers get from NetSuite Intelligent Payment Automation, one of the most advanced, AI-powered accounts payable offerings on the market." With quick activation and support for all US banks, the new BILL-powered payment automation capability will enable NetSuite customers to begin making payments from their existing bank accounts within minutes of signing up. BILL's extensive network of more than eight million businesses enables customers to seamlessly connect with vendors and make fast, easy, and secure payments.  "This partnership marks an important milestone in our BILL mission to make intelligent finance more accessible to growing businesses everywhere—delivering innovation where they need it most, inside the systems they rely on to run their critical operations," said René Lacerte, chief executive officer and founder, BILL. "As an industry leader in delivering AP automation to nearly half a million BILL customers, we're proud that our powerful payment capabilities and extensive network are being embedded within the world's #1 AI Cloud ERP—providing an entirely new way for businesses to pay faster, optimize cash flow and accelerate growth." With NetSuite Intelligent Payment Automation, customers can capture and pay bills, track payment information, and plan batch payment runs from one central location. Unlike point solutions that rely on delayed synchronization, NetSuite Intelligent Payment Automation is fully embedded, so the system of record is where every payment is requested, tracked, and reconciled in real time. This is made possible by NetSuite's advanced AI capabilities, which help enable the seamless flow of data across procurement, bill capture, payments, and reporting. NetSuite Intelligent Payment Automation includes: Payment automation: Helps customers improve efficiency with fast, secure, integrated payment capabilities that are powered by BILL's market-leading offering and its expansive vendor network of millions. Bill capture: Helps customers accelerate billing by eliminating manual data entry through AI-powered bill capture and matching capabilities. Intelligent payment proposal: Helps customers optimize payment strategies and achieve payment run goals by executing agentic AI workflows specified in natural language. Bill matching: Helps customers reduce errors and risk by automatically linking vendor bills to the correct purchase orders, avoiding overpayment, duplicate charges, or fraudulent bills. Payment reconciliation: Helps customers improve the accuracy of accounting data by eliminating error-prone manual reconciliation and enabling a faster financial close. AvailabilityNetSuite Intelligent Payment Automation is now available to customers in the US. About Oracle NetSuiteFor more than 25 years, Oracle NetSuite has helped organizations of all sizes reach their goals faster and more efficiently. NetSuite provides an integrated business system with embedded AI that delivers powerful financial management, supply chain, customer experience, and HR capabilities. Relied on by more than 43,000 customers in 220 countries and dependent territories, NetSuite is the #1 AI cloud enterprise resource planning (ERP) solution.  TrademarksOracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. Bill.com, the Bill.com logo, and the "b" logo are trademarks of Bill.com, LLC. About BILLBILL (NYSE: BILL) 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. SOURCE Oracle NetSuite WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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