Open Scan, a Division of Billtrust, Dynamic Receivables Solution Achieves Market Success
DENVER, CO – (March 4, 2014) – Open Scan, a leading provider of cash flow management software based in Denver, CO, has achieved significant market success with the release of its latest product offering, Dynamic Receivables.
Dynamic Receivables, a SaaS offering of Open Scan’s receivables automation solution, has been well received in key industries where receivables management is notoriously complex. Newly-signed Dynamic Receivables clients include the following:
A global thermal system manufacturer
A leader in the uniform rental and facility services
An international paint and coatings manufacturer
A leading global logistics provider
A worldwide pneumatics manufacturer
A leading provider of commercial trailer solutions in Canada
A global office supply distributor and technology solution provider
Tim Ray, Open Scan’s Chief Operating Officer said, “We are overwhelmed with the response we have received in introducing our new Dynamic Receivables product to the market. The SaaS model provides our customers lighter IT implementation and lower initial investment costs, so they can be up and running faster and start achieving ROI sooner.”
Open Scan’s Dynamic Receivables is a SaaS-based receivables automation platform that allows organizations to eliminate lockbox keying fees and reduce FTEs by up to 70 percent. A combination of technologies automates the extraction and matching of data, identification of payment deductions, and the streamlining of exception handling.
For 15 years, Open Scan has delivered industry-defining dynamic cash flow processing for B2B receivables environments. With its new SaaS-based Dynamic Receivables platform, Open Scan will continue to be the leader in financial workflow automation, serving its Fortune 1000 companies.
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. For more information, visit Billtrust at billtemp.wpengine.com.