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.

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

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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.

Should you invest $1,000 in Megaport right now?

Before you buy Megaport shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Megaport wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

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.

More on Technology Shares

Man with rocket wings which have flames coming out of them.
Mergers & Acquisitions

Guess which ASX stock just rocketed 21% on takeover news

Investors are piling into the ASX stock following a confirmed takeover offer.

Read more »

A male sharemarket analyst sits at his desk looking intently at his laptop with two other monitors next to him showing stock price movements
Technology Shares

What does Macquarie think Xero shares are worth?

Does the broker see value in this tech stock? Let's find out.

Read more »

Man pointing at a blue rising share price graph.
Technology Shares

Up 30% in a month, this ASX 200 tech share is 'a compelling opportunity': expert

Analysts from listed investment company WAM Capital say this ASX 200 tech stock is worth watching.

Read more »

A young man goes over his finances and investment portfolio at home.
Technology Shares

How much upside does Macquarie tip for Light & Wonder shares after its result?

Let's see what the broker is saying about this tech stock.

Read more »

Business people discussing project on digital tablet.
Technology Shares

Guess which ASX 200 stock is down 4% following Q3 update

Let's see what is causing investors to hit the sell button today.

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Technology Shares

Guess which ASX 200 tech stock is crashing 14% on results day

This tech stock is having a rough time today. But why?

Read more »

Data Centre Technology
Technology Shares

Is it too late to buy NextDC shares?

NextDC's share price has surged over the last couple of weeks. Will it continue?

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Technology Shares

Guess which ASX 200 tech stock is crashing 25% following an update

This tech stock is being sold off on Wednesday. But why?

Read more »