Billtrust Ranked on Inc. 500/5000 Listing Of America’s Fastest-Growing Private Companies For Sixth Straight Year
Billing Services Provider Logs Three-Year Revenue Growth Record of 385%
HAMILTON, NJ – August 28, 2012 – Billtrust, the premier provider of outsourced billing services, announced today that it has been named to the 2012 Inc. magazine ranking of the nation’s fastest-growing private companies—the sixth consecutive time the company has been so honored.
Billtrust is one of the few companies to have been included in the prestigious nationwide listing for such an extended period. The Inc. 500/5000 is Inc. magazine’s annual look at the most important segment of the economy—America’s independent entrepreneurs. In a stagnant economic environment, median growth rate of 2012 Inc. 500/5000 companies remains an impressive 97%. The companies on this year’s list report having created 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion.
This year, Billtrust is #1347 on the Inc. 500/5000 listing. Over the last three fiscal years, the company logged an impressive growth record of 385%. “Billtrust is fully invested in meeting the technology and services needs of our customers. That kind of commitment results in exceptional performance—something that is reflected in our sixth consecutive Inc. 500/5000 ranking,” said Flint Lane, Billtrust’s Chief Executive Officer and President. “We’re especially proud of our employees who have been the key to this impressive record of achievement.”
Billtrust is the outsourced billing services provider of choice for businesses across North America including Kraft Foods, CDW LLC, and Under Armour. The company helps businesses operate more efficiently by providing a range of advanced online and paper billing products and services. Billtrust enables clients to easily manage every phase of the billing process, from design to processing, end-user delivery via paper and electronic channels, and payment. Billtrust also supports sustainability by encouraging paperless processing. With its innovative e- Adoption program, Billtrust helps clients expedite billing processes while cutting operational costs by migrating customers to electronic billing and payment solutions.
Eric Schurenberg, Editor of Inc., commented that America depends on companies on the Inc. 500/5000 list to spur innovation, provide jobs, and drive the economy forward. “Growth companies, not large corporations, are where the action is,” he said. Over the past decade, Billtrust has expanded at a rate of 50% annually, and currently enjoys a customer retention rate of 99.6%. In December of 2011, the company moved its corporate headquarters and New Jersey operations center to larger facilities in Hamilton, NJ.
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.