HP ILO: Update System ROM (BIOS) via ILO
You can use HP ILO to upgrade its own firmware, by uploading the firmware file (e.g. ilo4_255.bin) via ILO web console. This is straight forward and clear.
But the ILO can do much more (but this is really a bit hidden in the web interface). From the help notes:
The following firmware types can be updated from the Firmware Update page:
iLO firmware
System ROM (BIOS)
Chassis firmware (SL and XL servers)
Power Management Controller
System Programmable Read more [...]