#DIVVY SOFTWARE SOFTWARE#

Results showed that 22 percent of businesses cited real-time access to payments data as a problem. Payments 2021: Assessing The Digital Gaps In Business Payment Flows, a collaboration between PYMNTS and Flywire, surveyed 459 decision makers at technology firms, education institutions and travel companies. The plan is for, traded on NYSE, to acquire Divvy for about $625 million in cash and $1.875 billion in stock.Ī recent PYMNTS report looked at business leaders’ chief concerns regarding their business-to-business (B2B) payment operations. The deal, subject to regulatory approval, is expected to close by the end of ’s first fiscal quarter, ending September 30, 2021. The release said that the acquisition has been approved by companies’ two boards. The deal will create a “one-stop-shop platform that our customers and the market have been asking for.” “We are excited to be joining forces with to help SMBs grow and thrive by modernizing and transforming their financial operations,” said Blake Murray, Divvy CEO and co-founder. For its part, Divvy offers such services as automated payables and receivables to its more-than 7,500 SMB customers. The release said that has more than 115,000 customers. He added, in a press release, that both companies are driving “customers’ digital transformations.” He said the combined company’s “platform will provide more automation and real-time information to SMBs, enabling them to make more informed decisions.” The acquisition will further Bill’s “vision to transform SMB financial operations,” said René Lacerte, CEO and founder.

#DIVVY SOFTWARE SOFTWARE#

Headquartered in San Jose, California, provides cloud-based software that automates back-office financial operations for small and medium-sized businesses (SMBs). Utah-based Divvy’s platform puts expense-management software and smart corporate cards together. To implement this idea in your own company, take a look at your customer support team’s approach. It also allows them to better speak to the problems our customers face without Divvy. , which provides back-office software, has struck a deal to buy Divvy in a stock-and-cash transaction valued at about $2.5 billion. This exercise gives our advocates a real-world view about what these processes look like without Divvy software, so they can see the value our product offers.