#BILL.COM SMBS DIVVY BARRONONLINE SOFTWARE#

For accounting firms looking to deliver on next-generation advisory services, this provides a key differentiator and strategic advantage.

#BILL.COM SMBS DIVVY BARRONONLINE SOFTWARE#

'The powerful combination of Divvy and provides businesses with the ability to see 100% of their B2B spend, giving accounting firms a tremendous advantage to level up their advisory services and provide more value to their clients.'ĭivvy provides an all-in-one expense management platform that pairs corporate cards with Divvy’s automated software to more effectively manage credit card spending, expenses, and budgets.

'We're excited to build on our partnership with CPA.com, as we continue to deliver on our vision of an all-in-one financial operations solution for customers,' said René Lacerte, CEO and Founder at. A key strategy in supporting CPA.com’s updated client advisory services (CAS) 2.0 framework, firms can now have the technology tools to provide more strategic counsel for clients. This move expands the partnership between CPA.com and, CPA.com’s exclusive partner for bill management since 2008, and replaces the previous expense management solution with a new offering that will unite all bill payments, expense management and card spending in one comprehensive solution. SAN JOSE, Calif., March 08, 2022-( BUSINESS WIRE) (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 that Divvy, a company, has been named CPA.com’s new exclusive partner for expense management, corporate cards*, and spend management. With this move, SMBs will have all their financial needs in one place, reducing the relationships they need to have with different financial institutions and increasing satisfaction and retention.Expense management and software-enabled corporate card will support CPA firms in delivering next-level client advisory services (CAS) The combined entity will expand ’s reach to more SMBs beyond its existing 115,000 customers given Divvy’s 7,500 monthly active SMBs. The startup can also contribute its automated payable, receivables, and workflow capabilities. chose Divvy as the acquisition target because the software provider’s customers have been asking for more tools to manage their business-to-business (B2B) spending, and Divvy gives them real-time insight into all their B2B spend. The fintech already offers expense management and budgeting software combined with smart corporate cards. The acquisition is part of ’s goal of creating a company that helps SMBs manage all their financial operations. With the acquisition, can expand its product suite for clients, increasing retention. The deal is expected to close by the end of September and is subject to regulatory approvals and other customary closing conditions. The cloud-based software provider for small and medium-sized businesses (SMBs) acquired accounting fintech Divvy for $2.5 billion in a stock and cash transaction, per a press release.

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