Billtrust Appoints Bob Farrell to Board of Directors
HAMILTON, N.J.–(BUSINESS WIRE)–Billtrust, the leader in Payment Cycle Management, today announced the appointment of Bob Farrell to its Board of Directors. As a member of the board, Bob will provide invaluable expertise and guidance as Billtrust continues to expand aggressively.
“Bob is a great addition to the board as we move into our next phase of growth,” said Flint Lane, CEO and Founder of Billtrust. “Bob brings decades of experience in the industry, and has a proven track record of leading companies to become global leaders.”
Mr. Farrell has 25 years of experience leading high-growth companies that provide software solutions to increase efficiency and strengthen customer service, and has strong knowledge of the financial services and logistics sectors. He currently serves as President and CEO of Kewill, a global leader in multimodal transportation management and supply chain execution solutions, which he joined in October of 2012.
Echoing Mr. Lane’s enthusiasm, Mr. Farrell stated, “Billtrust’s innovative technology and talented teams present all the right components for dominance in payment cycle management software. I look forward to working with Billtrust as it moves to make the invoice-to-cash process easy for all companies.”
Prior to his current tenure as President and CEO of Kewill, he headed EDGAR Online as President and CEO, steering the global leader in business reporting software, services, and data through its successful acquisition by RR Donnelley & Sons in August of 2012. Previously, as Chairman and CEO of Metastorm, he guided the leading provider of Business Process Management (BPM) enterprise software through its acquisition by Open Text in February of 2011.
Mr. Farrell is on the Board of Kitchen Brains, lending his expertise to a global leader in wireless M2M networking solutions and SaaS applications for the commercial kitchen/food service industry. In addition, he has sat on the Board of FolioDynamix, an award winning SaaS provider of investment management programs and wealth management platform solutions for financial services organizations, supporting it through its acquisition by Actua in November of 2014. He has also served on the board of I.D. Systems, a publicly traded leading provider of wireless solutions.
Mr. Farrell joins a growing team of Billtrust board members with strong SaaS and financial experience, including Stephen G. Waldis, Chairman, President, and CEO of Synchronoss Technologies, Inc.; Matt Harris, Managing Director at Bain Capital Ventures; Mark Miller, Chairman of DiscoverReady; Larry Irving, Former EVP, CFO, and Treasurer of Synchronoss Technologies, Inc.; and Chris Sugden, Managing Partner at Edison Partners.
Billtrust is the premier provider of Payment Cycle Management solutions, helping businesses accelerate invoice-to-cash. By integrating the three key areas of the payment cycle: invoice presentment, invoice payment, and cash application, Billtrust is committed to delivering a flexible solution to improve buyer satisfaction and DSO. In 2014, the Billtrust invoice-to-cash solution processed over $250 billion in receivables for leading companies including Kraft Foods, Under Armour, Estes Express and CDW.