BILL is a leader in the financial automation space, with a comprehensive platform for accounts payable, accounts receivable, and spend and expense management. While many companies offer part of what BILL does, few provide a truly integrated solution for small- and mid-sized businesses. BILL competitors often specialize in a single area, such as Tipalti for global payments, Melio for small business bill pay, AvidXchange for niche industry integrations, Expensify and Concur for expense management, or companies like Ramp and Brex for corporate cards. This specialization means they may lack the end-to-end functionality and cohesive experience that BILL offers.

Yes, BILL is highly reputable. Our company is a trusted, publicly traded leader in financial automation, with a proven track record of helping nearly half a million businesses streamline their operations. Over 85 of the top 100 U.S. accounting firms trust and use BILL, and it has built a network of millions of vendors.* This widespread adoption is a testament to its reliability and security. BILL has implemented rigorous security protocols, including bank-grade encryption and SOC 1 & SOC 2 Type II compliance, ensuring your financial data is always protected. While no company is immune to criticism, BILL’s strong industry presence and commitment to security demonstrate its position as a reliable and trustworthy partner for your business.

^{*As of June, 2024.}

‍

‍

In the world of financial technology, security is a top priority for all reputable platforms. While many BILL competitors have strong security measures, our approach to security is especially comprehensive and integrated into every aspect of its platform, giving it a distinct advantage.

BILL's security is built on a foundation of bank-grade encryption and strict compliance certifications, including annual SOC 1 and SOC 2 Type II audits. This is a crucial distinction, as these third-party audits verify that BILL meets rigorous standards for data protection and operational controls, providing a level of assurance that is critical for financial workflows.

BILL Spend & Expense accounts are protected by robust multi-factor and adaptive authentication (including voice, SMS, and Google Authenticator), secure login credentials, and strict standard operating procedures for password and authentication resets to defend against unauthorized access and fraud. In addition, BILL S&E accounts are protected by robust multi-factor and adaptive authentication (including voice, SMS, and Google Authenticator), secure login credentials, and strict standard operating procedures for password and authentication resets to defend against unauthorized access and fraud.

On top of that, the BILL Divvy Card delivers industry-leading protection against fraud like BIN attacks with advanced, AI-driven automation. Our risk platform monitors transactions in real time, instantly identifying and blocking suspicious activity while allowing legitimate purchases. If a card is targeted, our systems move quickly to stop fraud and alert affected customers. Paired with granular spend controls and bank-level security, businesses can manage spend confidently with minimal disruption, even during large-scale attacks. BILL’s AI-enabled fraud solutions protect the most important asset SMBs have—their cash. In FY25, our predictive AI solutions helped us stop over 8 million fraudulent attempts.

Furthermore, the BILL platform overall is designed to actively combat fraud and minimize risk. Features like two-factor authentication, robust permission controls, and a complete, unalterable audit trail give businesses a powerful way to protect their financial data. This means every action-from invoice approval to payment-is meticulously logged, creating a transparent and secure record that is invaluable for audits and compliance.

In contrast, some BILL competitors may focus on specific security aspects (e.g., strong payment encryption), but our holistic system for managing fraud prevention, access control, and data integrity across the entire financial workflow is what sets it apart. It’s not just about protecting data; it's about providing a secure environment that empowers businesses to operate with confidence.

Yes, but none that offer the same comprehensive solution. Alternatives like Tipalti, Melio, AvidXchange, Concur, Expensify, Brex, Ramp, or others not mentioned often serve specific niches—rather than providing a complete financial operations platform. If your business needs a single, cohesive system for managing accounts payable, accounts receivable, and company spending, BILL is the definitive choice.