Insights

The Bill Identity (ASX:BID) share price is slipping today. Here’s why

The Bill Identity share price is down today after the company announced a master services agreement with energy retailer Simply Energy.
The post The Bill Identity (ASX:BID) share price is slipping today. Here’s why appeared first on The Motley Fool Australia. –

asx share price falling lower represented by investor wearing paper bag on head with sad face

The Bill Identity Ltd (ASX: BID) share price is falling today after the company announced a master services agreement with energy retailer Simply Energy for its New Zealand customers.

At the time of writing, the Bill Identity share price has slumped 3.4% to 83.5 cents per share.

A quick take on the companies

Bill Identity is a technology company that automates the bill-paying process through cloud computing. The company provides utility bill expense management solutions and is spread across Australia, New Zealand, the United States, the United Kingdom, and Europe. 

Simply is one of Australia’s largest energy retailers with around 700,000 Australian accounts and is wholly owned by French energy company ENGIE. It will initially only use its current arrangement for New Zealand customers.

What the deal means

Bill Identity will provide Simply with its cloud-based bill paying software, the Utility Bill Portal solution.

The deal was reached after a successful pilot program and has an initial three-year term. It will provide a step-change in service to “a large number” of Simply’s commercial and industrial customers in New Zealand.

Bill Identity describes its Utility Bill Portal software as a fully-orchestrated robotic process automation (RPA) business customer platform for energy retailers, which enables their customers to have “easy access to utility bills anywhere, at any time”.

By automatically capturing and validating invoices and meter data, its clients can streamline their accounting and payment processes. 

What management said

Bill Identity managing director Guy Maine welcomed the deal, saying:

We are extremely excited to be providing Simply with our Utility Bill Portal solution.

The solution has been designed to deliver significant cost-to-serve economies, and the data-driven RPA experience uses intuitive simplification that is intended to drive increased engagement and satisfaction, thereby unlocking ongoing value for large multi-site energy customers. 

Bill Identity share price snapshot

The Bill Identity share price and its relative transformation under the ASX ticker Bill Identity has been well publicised. But since reaching a high of $1.60 in February 2019, it’s had a series of volatile jumps and falls to its current price of around 84 cents.

It’s down 84% against the technology sector over the past 12 months and has lost more than 30% of its share price value in 2021 so far.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Motley Fool contributor Lucas Radbourne-Pugh has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post The Bill Identity (ASX:BID) share price is slipping today. Here’s why appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!