Billtrust Announces 2024 Milestones Highlighted by AI-Powered Innovation

Order-to-Cash Software Leader Helps Companies Accelerate Cash Flow, Grow and Retain Customers

HAMILTON TOWNSHIP, N.J., Jan. 9, 2025 /PRNewswire/ -- Billtrust, a B2B order-to-cash and digital payments market leader, reported 2024 business highlights which helped companies enhance customer experiences and improve financial health.

"In 2024, our team provided more tools than ever to help B2B finance teams gain deeper insights into their business to speed cash flow and drive material savings," said Billtrust CEO Sunil Rajasekar. "We continued to invest in generative AI technologies, collaborated with top industry partners, and were recognized by leading global analyst firms for our achievements. We'll continue to build on these in 2025, helping our customers streamline and simplify their order-to-cash processes and deliver measurable outcomes."

"Billtrust has revolutionized our AR operations," said Tim Hoffman, Vice President Americas Finance & Business Operations, Össur. "The real-time dashboard and customer portal have transformed how we manage collections and interact with our clients. The ease of use and efficiency gained are invaluable, and we're excited to expand our use of Billtrust to other companies in the coming year."

"Billtrust has been a game-changer for our order-to-cash process. Their solutions handle everything from cash application to invoice distribution and customer portals, making our collections management more effective than ever," said Avron Cohen, Director of Corporate Finance, Daylight Transport.

2024 highlights include:

    --  Introduced new generative AI tools - Finance Co-Pilot, Payments
        Analytics, and Cash Application Analytics - through which finance
        professionals can obtain information to speed decision making while
        getting a holistic view of their business in real time.
    --  Named a Leader in three IDC MarketScape reports: Worldwide Accounts
        Receivable Automation Applications for the Enterprise, Worldwide
        Accounts Receivable Automation Applications for Small and Midmarket, and
        Worldwide Embedded Payment Applications.
    --  Extended its collaboration with Visa, a world leader in digital
        payments, to support its Business Payments Network (BPN). Visa will
        continue to offer BPN access to its financial institution clients to
        streamline the B2B digital payments process for their corporate
        customers.
    --  Partnered with U.S. Bank to create a cloud-based receivables solution,
        bringing together the bank's leading payment and risk management
        capabilities with Billtrust's AR technology to improve the intricate
        business-to-business receivables process.
    --  Released its second annual Global e-Invoicing Report, providing an
        overview of the current e-invoicing landscape while highlighting key
        trends, regulatory updates, and strategic opportunities for businesses.
    --  Announced a new integration making it easier for customers with an SAP
        ERP system to implement its software platform. Built in collaboration
        with an SAP-certified partner, the SAP S/4HANA and SAP ECC connector
        significantly reduces the need for IT resources, resulting in faster,
        easier Billtrust implementations for its many SAP customers.
    --  Attained the top position as a leading provider for Customer
        Billing/Electronic Invoice Presentment and Payment Software in The
        Hackett Group's new Digital World Class Matrix(TM) for Customer-to-Cash
        (C2C) Receivables Creation Software.
    --  Named a Leader in the G2 Grid® Report for Accounts Receivable
        Automation Software in both the Best Accounts Receivable Automation
        Software for Enterprise Businesses and Best Accounts Receivable
        Automation Software for Medium-Sized Businesses categories.
    --  Recognized as the 2024 overall technology leader in the SPARK
        Matrix(TM): Accounts Receivable Applications. As one of 21 vendors
        evaluated, Billtrust received the highest overall rating.
    --  Recognized as a Challenger in the 2024 Gartner Magic Quadrant for
        Integrated Invoice-to-Cash Applications, demonstrating strong execution
        capabilities and a proven ability to meet customers' current needs,
        supported by a solid market presence.
    --  Welcomed three new additions to its Executive Leadership Team as it
        positions itself for future growth. Corrie DeCamp joined as Chief
        Product Officer, Becky Carr as Chief Marketing Officer and Jason
        Rushforth as Chief Revenue Officer.

About Billtrust
Finance leaders turn to Billtrust to get paid faster while controlling costs, accelerating cash flow and maximizing customer satisfaction. As a B2B order-to-cash software and digital payments market leader, we help the world's leading brands move finance forward with AI-powered solutions to transition from expensive paper invoicing and check acceptance to efficient electronic billing and payments. With more than $1 trillion invoice dollars processed, Billtrust delivers business value through deep industry expertise and a culture relentlessly focused on delivering meaningful customer outcomes.

Media Contact
Paul Accardo
PR@billtrust.com

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SOURCE Billtrust