Nominal Launches with Generative AI to Disrupt the $44B ERP Market [Yahoo! Finance]
BILL Holdings, Inc. (BILL)
Last bill holdings, inc. earnings: 2/6 04:05 pm
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Source: Yahoo! Finance
gap between outdated, costly ERP systems and the financial management needs of modern mid-market, multi-entity businesses. The company launched today with $9.2 million in seed funding from Bling Capital and Hyperwise Ventures, with participation from Vela Partners, Incubate Fund and executives from Bill.com, Salesforce, Justworks, ServiceNow and Intel. The $44 billion ERP market (Gartner 2023), originally revolutionized by the cloud, now grapples with outdated systems requiring costly engineering to meet modern companies' needs. Nominal believes that generative AI is a pivotal technology, especially in light of the decline in CPA candidates and the surge of financial and accounting point solutions. Compared to existing retrieval-based assistants such as SAP Joule and Sage Copilot, Nominal takes a proactive approach, transforming business logic into automated accounting workflows. The company plans to use the funds to accelerate its product offering, expand its market reach and inc
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BILL
News
- BILL Holdings, Inc. (NYSE: BILL) had its price target lowered by analysts at Robert W. Baird from $78.00 to $74.00. They now have a "neutral" rating on the stock.MarketBeat
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- BILL Holdings, Inc. (NYSE: BILL) had its price target lowered by analysts at Piper Sandler from $95.00 to $77.00. They now have an "overweight" rating on the stock.MarketBeat
BILL
Earnings
- 2/8/24 - Beat
BILL
Sec Filings
- 3/11/24 - Form 4
- 3/7/24 - Form 8-K
- 3/5/24 - Form 4
- BILL's page on the SEC website