Acquisition Strengthens Market Presence, Reliability and Customer Service
MONROE TOWNSHIP, NJ (September 8th, 2011) – Billtrust, a premier provider of outsourced billing services, announced today the acquisition of Invoice Connection, a leading automated invoice and statement delivery company headquartered in Carlsbad, California.
Invoice Connection has a significant presence in the wholesale distribution vertical. Billtrust’s suite of services is particularly aligned with the unique needs of that market, and the acquisition provides additional value to the customers they serve.
“Our respective companies have a great deal of respect for each other because we share the same unwavering commitment to client service,” said Flint Lane, Billtrust Chief Executive Officer and President. “Customers coming into the Billtrust fold will have access to an even broader range of print/mail and electronic billing services.” Colleen Stempien, President of Invoice Connection, stated “I’m confident our customers will be well-served by Billtrust. Their reputation for excellent service and their state-of-the-industry capabilities will be invaluable to our customers’ continued success.”
Billtrust is aggressive in winning new customers and growing revenue in the outsourced billing market. The company has been listed on the Inc. 500/5000 for five consecutive years, and their CEO was recently named one of the 25 Most Influential Financial Operations Professionals by the IFO (Institute of Financial Operations). Billtrust will begin to transition Invoice Connection customers immediately. Both companies declined to disclose financial details of the transaction.
Headquartered in Hamilton New Jersey, Billtrust is the premier provider of automated invoice-to-cash solutions. Billtrust integrates three key areas of the invoice-to-cash process: presentment, payment, and cash application, helping its clients connect with their customers and cash while strengthening their revenue and cash flow. Working with more than 1,200 North American businesses across B2B and B2C markets, Billtrust’s comprehensive offerings help its clients solidify customer relationships, increase productivity, improve cash flow, and seamlessly migrate to electronic channels.