Bill.com Holdings, Inc. (NYSE: BILL) Divvy, a Bill.com company, partnered with CPA.com for expense management, corporate cards, and spend management. Firms can now have the technical tools to deliver more strategic advice for clients, which is a key approach in supporting CPA.com's new client advisory services (CAS) 2.0 framework.
Divvy is an all-in-one expenditure management platform that combines corporate credit cards with Divvy's automated software to help businesses better manage credit card spending, expenses, and budgets. This is a critical differentiation and strategic benefit for accounting firms aiming to supply next-generation consulting services.
In addition, the new partnership will expand CPA.com's partnership with Bill.com, which has been CPA.com's exclusive bill management partner since 2008 and will replace the previous expense management solution with a new offering that will combine all bill payments, expense management, and card spending into one comprehensive solution.
Furthermore, CAS is the largest growing practice area for accounting firms, according to CPA.com's recent CAS Benchmark Survey. CPA.com recently released CAS 2.0 for business transformation and change management to assist companies to keep up with demand and realize the full potential of CAS. CAS 2.0 provides organizations with a more holistic view and approach to driving firmwide adoption of CAS.