Latest Billtrust “Rockstar” recognized in payment cycle management
Acushnet Company joins elite ranks in B2B for accelerating invoice-to- cash process and increasing cash flow
HAMILTON, NJ. – December 21, 2017 – Billtrust, the leader in payment cycle management solutions, announced today its newest “Billtrust Rockstar”, Acushnet Company. The Billtrust Rockstar program formally acknowledges Billtrust customers as leaders in transformation of the invoice-to-cash process within their organizations.
Mark Storey, Senior Director, Credit Management at Acushnet Company, accepted the Billtrust Rockstar award after showing a significant increase in electronic adoption (eAdoption). Through his efforts, Acushnet Company, home of Titleist and FootJoy, has reached more than 88 percent electronic presentment rate, and doubled the number of invoices paid electronically for the last two years.
“Before working with Billtrust, we were using a highly manual and customized process, we had difficulty retrieving and re-delivering invoice copies to customers,” said Mr. Storey. “We also knew that many of our customers might be hesitant to use an electronic process for payments, but wanted to find new solutions to help us focus on more strategic objectives. Billtrust worked with us very closely in order to understand and implement best practices on increasing eAdoption. Now our customers realize how easy the online portal is for them. This has reduced our manual processes and increased our efficiency.”
The Billtrust Rockstar designation was created to recognize individuals who are visionaries and high achievers among accounts receivable (AR) peers. The primary criteria for receiving the designation are improving cash flow, lowering DSO, reducing organizational costs, and increasing customer satisfaction.
“We are happy to announce Acushnet as one of the Billtrust Rockstars,” said Colleen Ciak, Director of Marketing, eAdoption, Billtrust. “Acushnet is focused on their customers, so we worked with them to provide a solution that helps them focus on increasing customer satisfaction. Implementing an all-in-one solution provides their customers with a flexible, easy to use option to view and make payments at their convenience. When it comes to payments, 22 percent of all of their invoices are now paid through their online portal powered by Billtrust.”
AR professionals who achieve the Billtrust Rockstar designation are featured in industry publications and honored in the “Hall of Fame” at Billtrust’s New Jersey headquarters. They are also recognized at the annual customer conference, Billtrust Summit.
Billtrust encourages coworkers and colleagues to submit the names of one or more potential Billtrust Rockstars within their organization for consideration. Nominations are considered on a rolling basis.
Billtrust accelerates cash flow by automating invoice delivery, invoice payment, and cash application. Companies can improve operational efficiency throughout the invoice-to-cash process with electronic invoicing and payments in a flexible, cloud-based solution. Finance executives and AR specialists love and recommend Billtrust payment cycle management solutions for the remarkable cost savings, ease-of-use, and improved customer satisfaction rates.
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