Billtrust has been named as a Leader in IDC MarketScape for Worldwide Embedded Payment Applications in 2024-2025 Vendor Assessment. Billtrust was previously recognized as a Leader in two other IDC MarketScape reports – IDC MarketScape: Worldwide Accounts Receivable Automation Applications for the Enterprise 2024 Vendor Assessment and the IDC MarketScape: Worldwide Accounts Receivable Automation Applications for Small and Midmarket 2024 Vendor Assessment. We believe these recognitions help demonstrate what we believe is our clear dedication to providing an innovative platform for businesses hoping to optimize their accounts receivable processes.
Per the embedded payments report, Billtrust’s strengths are:
- Touchless payments: "Billtrust facilitates touchless payments from top third-party payables providers, capturing rich remittance data and enforcing payment policies programmatically for fine-tuned acceptance and reconciliation."
- Reporting and data analytics: "Billtrust's solutions feature dynamic reporting and dashboards. Their Finance Co-Pilot allows customers to ask questions about their data in plain language and get instant results, allowing for a deeper understanding of their data and more actionable insights."
What's inside:
Here's a glimpse at what the excerpt highlights:
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of technology and suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. The Capabilities score measures supplier product, go-to-market and business execution in the short-term. The Strategy score measures alignment of supplier strategies with customer requirements in a 3-5-year timeframe. Supplier market share is represented by the size of the icons.
Twenty providers were assessed, based on the IDC MarketScape’s vendor inclusion criteria, and IDC MarketScape’s document “analyzes the current environment for embedded payments within financial applications as a whole.” In addition to the assessments, readers can find advice for technology buyers and a synopsis of the current landscape for payment applications.
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Why this matters:
We believe this assessment emphasizes the importance of payments technology as a critical component of any organization’s order-to-cash processing solution, and we believe Billtrust’s position as a Leader shines a light on the critical functions our Payments solution can provide as part of our Unified AR platform. Businesses that seek scalability for growth and built-in processes that are powered by advanced AI will value the perspective this report provides.