LAWRENCEVILLE, NJ and SHREVEPORT, LA – December 17, 2020 – Red Ball Oxygen, a family-owned distributor of industrial, specialty and medical gases and welding and industrial equipment, has partnered with leading accounts receivable software provider Billtrust for its invoicing and payments management. A 2020 IDC SaaS Accounts Receivable Award recipient for customer satisfaction, Billtrust was identified as the ideal solutions provider to help Red Ball Oxygen incorporate integrated payments best practices.
Billtrust, with a strong history of serving distribution customers, will help Red Ball Oxygen send more invoices electronically to get paid faster and position them to embrace digital payments, giving them the ability to accept payments through their preferred channels.
"Red Ball Oxygen is proud to partner with Billtrust, the best accounts receivable system in the industry,” said Michelle Digilormo, CFO at Red Ball Oxygen. “We're excited for the opportunity to use a trusted platform that automates and increases efficiency in our order-to-cash cycle. Processes that would take us days to complete will now only take hours.”
“We are pleased that the team at Red Ball Oxygen has chosen us to automate their accounts receivable operations,” said Steve Pinado, Billtrust President. “We have a long track record of helping large distributors like Red Ball Oxygen digitize payments across their entire business for improved internal efficiencies, cash flow and payment accuracy.”
Billtrust is a leading provider of cloud-based software and integrated payment processing solutions that simplify and automate B2B commerce. Accounts receivable is broken and relies on conventional processes that are outdated, inefficient, manual and largely paper based. Billtrust is at the forefront of the digital transformation of AR, providing mission-critical solutions that span credit decisioning and monitoring, online ordering, invoice delivery, payments and remittance capture, invoicing, cash application and collections. For more information, visit Billtrust.com.
About Red Ball Oxygen
Red Ball Oxygen is committed to being the most reliable industrial, specialty and medical gases supplier. Our customers’ ever-changing needs keep us innovative, whether it’s deploying a proactive cylinder tracking system or developing an automated gas management system. We’re proud to serve a four-state area from 24 customer service locations and three fully modernized cylinder filling plants. Learn more about how we’re transforming our industry at www.RedBallOxygen.com.
This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the benefits and synergies that may be realized by Billtrust (“the Company”) and Red Ball Oxygen as a result of the partnership. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. These forward looking statements are subject to a number of risks and uncertainties, including those factors discussed in the Company’s filings with the SEC, including those under the header “Risk Factors” in the Registration Statement on Form S-4 filed with the SEC by South Mountain Merger Corp. on October 26, 2020, as amended. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, including Billtrust’s and Red Ball Oxygen’s ability to realize the anticipated benefits and synergies of the partnership. There may be additional risks that the Company presently does not know or that they currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Meredith Simpson[email protected]