PALO ALTO, Calif.--(BUSINESS WIRE)--Today, Bill.com, a leader in financial process automation, announced long term payments executive Pete Kight and SaaS industry leader Steve Cakebread have joined the company’s board of directors. The new members will leverage their experience to support the company as it works to digitize, automate, and simplify legacy paper-based financial processes.
“I am pleased to welcome Pete and Steve to the Bill.com board of directors,” said Bill.com CEO René Lacerte. “Each of them brings key operating and governance expertise to our team. Pete founded CheckFree and disrupted consumer payments with innovative software and game changing partnerships, and Steve is a SaaS leader from category-defining companies like Salesforce and Pandora. Both Pete and Steve have extensive governance experience that will serve the board and the company well as we continue to grow and expand the back office cloud.”
As one of the pioneers of digital payments, Pete Kight transformed the industry when he founded CheckFree with the vision that digital payments would eventually replace paper checks and cash. The company went public and was acquired by Fiserv. Kight has served on the board of several companies, including BillGO and Huntington Bancshares Incorporated.
“René’s cloud approach is just one of the tools he has used to make Bill.com a prominent leader in the financial process automation industry,” said Pete Kight. “I’m looking forward to sharing my experience to help guide the company as it continues to innovate and grow.”
Steve Cakebread is known for leading rapidly growing cloud companies. He currently serves as CFO of Yext and was previously on the board of directors at ServiceSource. Cakebread also held the role of CFO at both Salesforce and Pandora Media, Inc. and served in leadership positions at Autodesk and Hewlett Packard.
“There’s a massive need for back office innovation for small and mid-size companies,” said Cakebread. “I have experienced the challenges of back office automation, and Bill.com simplifies complex financial processes and B2B payments by providing an automated, end-to-end workflow.”
Bill.com is a leader in financial process automation for small businesses and mid-size companies. Making it simple to connect and do business, the Bill.com Back Office Cloud digitizes, automates and simplifies legacy payment and financial processes. With an integrated, end-to-end platform, Bill.com leverages artificial intelligence to reduce manual work, and provides a cloud workspace to help run your business anytime, anywhere. The company partners with many of the largest U.S. financial institutions, more than 70% of the top 100 U.S. accounting firms, and major accounting software providers. Bill.com Back Office Cloud digitizes and automates more than $70B in annual payment volume across ACH, virtual cards, checks, and international payments. The company has offices in Palo Alto, California and Houston, Texas. For more information, visit www.bill.com or follow @billcom.