BILL Spend & Expense (Formerly Divvy) (2024)

FAQs

What was BILL spend & expense formerly known as? ›

BILL Spend & Expense (Formerly Divvy)

“Over the past year, we began creating a more seamless experience across products and a consistent look and feel. Now, we are making it easier to access both AP and AR as well as spend and expense management with a single brand and website,” the company said in a statement.

Divvy is a solid expense management tool

The virtual card option - assign a unique credit card number to a vendor, who will always use that number to charge your company. It reduces the risk of fraud, and keeps everything very organized.

BILL Spend and Expense (formerly Divvy) is an all-in-one expense management solution that combines free software with corporate cards to provide you with real-time visibility and customizable control over your business finances.

About us. We're excited to announce that Divvy has a new name: BILL Spend & Expense. Everything you love about Divvy is staying the same—from setting budgets to tracking spend and getting access to the credit your business needs to grow¹.

No, Divvy doesn't perform a hard pull on your personal credit when you apply for their business credit card. Instead, they assess your business's financial health, revenue, and other financial metrics to determine approval.

-- June 1, 2021 - Bill.com (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 it has completed its acquisition of Divvy, a leader in spend management, for approximately $2.5 ...

Please note that a $25 authorization may be placed on your account when you take out a bike. Day Passes are available for purchase in the Divvy app for iPhones and Androids.

Two years ago Divvy became part of the BILL portfolio. Offering spend and expense management functionality was an important step to deliver more capabilities to help SMBs automate their financial operations.

Cons. Of course, there are also drawbacks to consider: Lengthy process: You must enter into a three-year lease agreement to participate in Divvy's program. The market — and your life — can change a lot in three years, and though you're free to walk away early, you'll be subject to a hefty fee.

Does Divvy hurt credit? ›

Applying for Divvy is completely free, takes 5 minutes online, and comes with no commitment. It also won't impact your credit score. Don't worry if your financial picture isn't perfect—we get that life happens, and everyone's situation is different. After applying, you'll get your estimated home-shopping budget.

Divvy uses Cross River issued cards to give businesses control over their spending.

BILL Spend & Expense offers a credit card that auto-populates transactions directly into the system, automatically categorizes expenses, and creates expense reports for businesses. This eliminates manual data entry and makes it easy for businesses to track expenses in real time.

BILL Spend & Expense software is free, which is a real perk. However, it costs money to integrate the software with existing software businesses may already use, like QuickBooks.

Netflix is for personal use and cannot be claimed as a personal or business expense, which is stated in our Terms of Use.

A bill is issued by the vendor to the buyer, you being the buyer, to showcase the products and or services that the you purchase. An expense is a cash payment you have already made for an invoice. Examples: phone bill, electricity bills etc.

An invoice and a bill are essentially the same thing, but the two terms are typically used by different parties involved in the same business transaction.

Divvy is a replacement for your typical corporate card. It's totally free to use (no annual fee), you get rewards and it has a much more comprehensive feature set, giving you the ability to create virtual credit cards for each vendor with spending limits. Further, Divvy is an expense management solution.