Oracle NetSuite, the #1 AI Cloud ERP, and 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."