Billtrust Announces Partnership with QAD

Press Release | June 24, 2010

Solution integration reduces costs associated with the bill delivery process.

Jamesburg, NJ and Santa Barbara, CA (PRWEB) June 24, 2010 – Billtrust, a leading billing service provider for the B2B market, and QAD Inc. (NASDAQ: QADI), a leading provider of enterprise applications for global manufacturers, today announced a partnership to provide expanded solution integration between Billtrust’s CompleteBilling and QAD Enterprise Applications.

QAD customers integrating with Billtrust can achieve savings on the costs associated with the bill delivery and payment process while streamlining tasks. “Many B2B companies do not realize the significant investment they are making to deliver their bills. This investment includes postage, material, equipment, labor, and management time,” said Mitch Rose, VP of Marketing for Billtrust. “Our service provides businesses with an immediate savings on these costs. We are proud to be able to partner with an ERP leader like QAD to offer more value to their users.”

Over 450 companies are outsourcing the delivery of their invoices and statements to Billtrust to capture savings of 20-35% on the cost of sending their bills. For QAD customers, integration with Billtrust helps them get paid faster, satisfy their customers’ needs quicker, streamline the billing process, and reduce billing costs. “I love reporting my billing costs every month because they are going lower and lower,” said Peggy Kemp, manager of Credit and Collections for Saint Gobain Performance Plastics, a QAD and Billtrust customer. “In the first four months after going live with Billtrust, our e-billing rate grew from 25 % to 65%.”

Billtrust’s suite of paper and electronic bill delivery and payment solutions benefit both the biller and bill recipient. When implementing CompleteBilling with QAD Enterprise Applications, QAD customers enter billing data in their QAD Enterprise Applications solutions as they do today, however, Billtrust processes the transactions including printing, folding, stuffing and sending the bills. With a simple click, Billtrust delivers the bills to the bill recipient based on their preference: U.S. mail, e-mail, FAX, or via an online account.

About Billtrust

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 Stay informed with our blog.

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