HAMILTON, NJ – (March 19, 2015) – Thirteen years doesn’t seem like time enough for a company to alter long-time business practices of an entire market segment. But Billtrust, the leading provider of invoice-to-cash solutions, is transforming the way businesses receive and pay invoices.
More than 1,000,000 customers of Billtrust’s clients now receive and/or pay invoices via a billing and payment site hosted by Billtrust. This milestone is significant because it confirms the growing preference among both businesses and consumers to receive and pay bills online. In 2014 Billtrust processed invoices representing over $250 billion in receivables and over $7 billion in online payments.
A key driver of Billtrust’s success is their commitment to electronic billing adoption which creates a “win” for all players in the supply chain. The bill recipient benefits from a more convenient way to do business; the seller benefits from significant cost reduction and better cash flow. Finally Billtrust benefits from improved margins.
“From day one, we believed that electronic channels are the future of billing and payment. We continue to invest heavily in the technologies behind the channels that fuel this category. The results are big payoffs for our clients in efficiencies, customer service and cost savings,” said Billtrust Founder and CEO, Flint Lane.
Billtrust enables its clients to offer a range of electronic billing and payment channels including online payment sites, mobile, IVR, email, AP Systems, bank connections and more. However, the promise of great benefits from electronic billing doesn’t materialize just by having a range of billing channels. It’s about driving usage and that’s where Billtrust’s eAdoption program becomes invaluable. Almost every Billtrust client wants to convert its customers from paper to electronic. Efficiently driving eAdoption can be difficult without setting clearly defined goals and utilizing a proven plan. A Billtrust team of experts guides clients through a proven process of boosting eAdoption rates quickly and to dramatic levels.
At Billtrust’s recent annual client conference, more than 200 clients and partners helped celebrate the millionth customer milestone. A big focus of the event was on sharing best practices for driving more eAdoption. Billtrust also unveiled new innovations in electronic billing and payment, including its Pay Anyone feature.
About Billtrust
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 enables its clients to solidify customer relationships, increase productivity, improve cash flow, and seamlessly migrate to electronic channels. For more information, visit Billtrust.com.
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Meredith Simpson
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