“Today I’m proud that Divvy is joining to bring the one-stop-shop platform that our customers and the market have been asking for. “As we listened to our customers, we heard them ask for a comprehensive payments platform so that they don’t have to use multiple software systems to manage their finances. “At Divvy, our customers are our true north, and they always have been,” says Blake Murray, Divvy CEO. The firm says its combination will expand the market opportunity for both companies.īill.com will offer expense management and budgeting software combined with smart corporate cards to its 115,000 strong customer base and network of 2.5 million members.ĭivvy will offer automated payable, receivables, and workflow capabilities to the more-than 7,500 monthly active customers that it serves. With Divvy, you can finally take control of your budgets. Remember to choose the software that best matches your most urgent priorities, not the application with the most robust features. Divvy, a company: The all-in-one expense management solution The spend management solution that gives you the credit you need and the software to manage it. Likewise, you can compare their general user satisfaction rating: 90 () against 97 (Divvy). The deal is expected to close by the end of ’s first fiscal quarter ending 30 September 2021. got a 8.8 score, while Divvy has a score of 8.0. Together, we can further empower them to transition quickly and easily.” “We have a shared passion for helping succeed and both companies are driving our customers’ digital transformations. “Our expanded platform will provide more automation and real-time information to, enabling them to make more informed decisions. “Customers have been asking us to help them with their spend management,” says CEO René Lacerte. The firm says its newly expanded solution will enable businesses to “automatically manage accounts payable, accounts receivable, and corporate card spend all in one place”. Spend management specialist, Divvy, claims to modernise finance for business by combining expense management software and smart corporate cards into a single platform.īill.com says the acquisition supports its mission and enhances its ability to deliver value to a combined customer base. The firm is buying Utah-based Divvy for approximately $625 million in cash and $1.875 billion of common stock. is paying $625 million in cash as part of the deal
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