Sunroc and Geneva Rock Increase ePresentment and ePayment with Billtrust’s Payment Cycle Management
Hamilton, NJ—June 30, 2016—Billtrust, the leader in Payment Cycle Management, is proud to announce successful electronic adoption campaigns for Sunroc and Geneva Rock, divisions of Clyde Companies. These outstanding eAdoption campaigns have helped Sunroc and Geneva Rock realize outstanding growth in ePresentment and ePayment.
Before implementing Billtrust’s Payment Cycle Management solutions, both Sunroc and Geneva Rock printed invoices in-house and sent them to customers on a weekly basis. The two divisions needed a way to organize customer invoices without the hassle of tracking down paper bills.
Sunroc provides quality construction services specializing in earthwork, underground utilities, site work and specialty projects. Sunroc also supplies ready-mix concrete, asphalt, sand and gravel as well as masonry products. Geneva Rock is the top supplier in Utah of ready mixed concrete, sand and gravel, and asphalt, as well as provides expert capabilities in construction, handling, excavating, and asphalt paving. Both are divisions of the Utah-based Clyde Companies, and both needed to speed up their invoice-to-cash process.
As the two divisions worked with Billtrust’s electronic adoption team, the number of electronic invoices presented increased dramatically. Sunroc has seen ePresentment increase from 50% to 64%, while Geneva Rock ePresentment has grown from 57% to 72%. The two divisions have also seen an increase in ePayment. This includes numbers increasing from 1% to 10% for Geneva Rock and 1% to 18% for Sunroc. These results have helped the two divisions realize savings and increase cash flow.
“Seeing invoices online has freed up employees and has helped our customers find and pay invoices more easily,” said Clyde Companies Accounts Receivable Manager, Amy Donahoe. “Before implementation customers would call to ask about invoices. The new capability to maintain all of the payment information online has significantly helped increase our customer satisfaction.”
“My team loves working with committed clients like Amy,” explained Director of eAdoption Marketing at Billtrust, Colleen Ciak. “She embraced our plan and quickly implemented our best practices resulting in outstanding growth in ePresentment and ePayment.”
To learn more about how Billtrust’s eAdoption services can help your business, click here.
Click here to read the full case study with Sunroc and Geneva Rock.
About Billtrust: 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.