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BTRS Holdings, Inc., known as Billtrust, is a market leader in providing cloud-based software and integrated payment processing solutions designed to simplify and automate B2B commerce. The company addresses the inefficiencies of traditional accounts receivable (AR) processes, which are often outdated, manual, and heavily reliant on paper. Billtrust offers essential solutions that cover various aspects of AR, including credit decisioning, online ordering, invoice delivery, payment and remittance capture, cash application, and collections.
Billtrust is spearheading the digital transformation of AR, helping businesses transition from costly paper invoicing and check payments to efficient electronic billing and digital payments. With a growing client base that now includes over 2,600 customers across 36 countries, Billtrust processes more than $1 trillion in invoice dollars annually. The company’s expertise and dedication to delivering meaningful customer outcomes have solidified its position as a trusted partner for finance leaders looking to control costs, improve cash flow, and enhance customer satisfaction.
In recent developments, Billtrust announced four new executive appointments aimed at strengthening its leadership team and bolstering financial resilience amid economic challenges. The new executives include Philip Ragona as Chief Legal Officer, Nick Izquierdo as Executive Vice President of Payments, and Esther Pomeleo-Fowler as Executive Vice President/Chief Customer Officer. Additionally, Christy Green has been promoted to Executive Vice President of Professional Services.
Billtrust continues to innovate with the launch of a new, user-friendly interface for its AI-powered AR software platform. This platform provides enhanced insights and a comprehensive view of AR processes, optimizing cash flow and improving staff productivity. A key feature of the platform is the Days to Pay Index, a proprietary benchmark measurement that offers customers valuable insights into their payment collection efficiency compared to industry peers.
Under its new brand promise, 'Moving Finance Forward,' Billtrust is committed to revolutionizing the order-to-cash process, elevating the customer experience, and helping companies achieve their financial goals faster. The company’s website, Billtrust.com, now features interactive web browsing capabilities and a new e-book titled 'Moving Finance Forward with Unified Order-to-Cash,' offering finance teams resources to leverage advanced analytics, AI, and automation in their AR processes.
Billtrust, a leader in B2B order-to-cash and digital payments, has been named a Leader in the G2 Grid® Report for Accounts Receivable Automation Software for Spring 2024. This marks the twelfth consecutive quarter that Billtrust has received this recognition. Billtrust is rated as a Leader in both the Best Accounts Receivable Automation Software for Enterprise Businesses and Best Accounts Receivable Automation Software for Medium-Sized Businesses categories. Customer reviews highlight Billtrust's ease of use and reliability, reinforcing its status as a trusted solution in the market. Sunil Rajasekar, CEO of Billtrust, emphasized the importance of customer feedback in driving the company's success. Sara Rossio, Chief Product Officer at G2, noted that the rankings are based on data from real software users, making them a reliable resource for potential buyers.
Billtrust, a market leader in B2B order-to-cash and digital payments, announced the winners of its 2024 Trailblazer Awards at the Billtrust Insight conference held on April 24, 2024. The awards recognize customers for their significant achievements in digital transformation and customer experience enhancement. Angela Richards of Express Services and Karen Singleton of Specialty Products & Insulation received the Champion of the Year awards. Other honorees include Ferguson, Parrish-Hare Electrical Supply, Richards Building Supply, Peter Millar, and White Cap. Calvin Mathis of Genuine Parts Company was posthumously awarded the Hall of Fame award. CEO Sunil Rajasekar emphasized the importance of these customers in setting a new benchmark in finance and offering a world-class experience.
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