Latest Billtrust “Rockstar” Vulcan recognized in payment cycle management
Vulcan Materials Company joins elite ranks in B2B for accelerating invoice-to-cash process and increasing cash flow
HAMILTON, NJ. – February 13, 2018 – Billtrust, the leader in payment cycle management solutions, announced today its newest “Billtrust Rockstar”, Vulcan Materials Company. The Billtrust Rockstar program formally acknowledges Billtrust customers as leaders in transformation of the invoice-to-cash process within their organizations.
Doug Bennett, Accounts Receivable Services Manager at Vulcan Materials Company, accepted the Billtrust Rockstar award after showing a significant increase in electronic adoption (eAdoption). Since 2016, Vulcan Materials Company decreased paper invoices by 30 percent and grew invoices paid from 450 to more than 10,000 per month.
“We work with Billtrust for our billing, payments and our cash application and it has greatly improved our accounts receivable process,” said Mr. Bennett. “Instead of relying on manual processes, the Billtrust team worked with us to understand our customer base and how to implement more automated processes that work best for us. We’ve been able to automate more, increase our efficiency and cash flow.”
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.
“Because of the sheer volume of invoices that Vulcan Materials Company sends out each month, it makes sense that they were looking to automate the AR process as much as they could,” said Colleen Ciak, Director of Marketing, eAdoption at Billtrust. “Vulcan worked very closely with our team to apply best practices that worked for their customer base. Not only were they able to decrease the number of paper invoices, but they were also able to increase the number of invoices paid, increasing their overall cash flow.”
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. For more information about the designation, including judging criteria and how to nominate an individual for the honor, visit billtrust.com/resources/customer-success/
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 A/R 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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