Billtrust is a provider of cloud-based software that specializes in streamlining and automating accounts receivable (AR) processes for B2B commerce. The company addresses the inefficiencies of traditional AR methods, which often rely on outdated, manual, and paper-based practices. By offering a comprehensive order-to-cash platform, Billtrust facilitates the entire process from order receipt to payment collection, thereby enhancing revenue capture and cash flow for its clients. Its solutions encompass various functions, including credit decisioning, online ordering, invoicing, cash application, and collections. Billtrust integrates with multiple ecosystem players, such as financial institutions and enterprise resource planning systems, enabling customers to transition from costly paper invoicing to efficient electronic billing and payment methods. This transformation not only accelerates payment processing but also generates significant cost savings and improves the overall user experience.
Order2Cash is a developer of a cash processes management platform that streamlines the entire order-to-cash cycle for businesses. The platform integrates secure document management, e-invoicing, online payment solutions, and credit management into a single, cohesive system. This integration enables clients to enhance operational efficiency and improve workforce productivity. Order2Cash boasts a diverse enterprise customer base and has established connections with over 70 B2B and B2G e-invoicing networks. This extensive network allows for the secure and compliant exchange of invoices, payments, and remittance data across multiple markets. Additionally, the platform supports both accounts payable and accounts receivable functions, delivering invoices to more than 170 leading accounts payable portals.
iController
Acquisition in 2021
iController is a software company specializing in credit management solutions. It offers a cloud-based web application that empowers credit controllers to manage accounts receivable effectively. The platform provides tools for tracking unpaid invoices, analyzing reasons for non-payment, and reviewing payment history. By automating follow-up actions and facilitating e-invoicing, iController enhances the efficiency of credit management processes. This enables users to collect invoices more quickly and maintain better control over cash flow, allowing financial directors to have a clear overview of their financial status at all times. Additionally, iController offers training services to further support its users in optimizing their credit management practices.
Second Phase
Acquisition in 2019
Second Phase, founded in 2001 and headquartered in Boulder, Colorado, specializes in developing tailored B2B and B2C e-commerce and product information management (PIM) solutions specifically for wholesale distributors and manufacturers. The company provides a range of services, including e-commerce solutions, custom product content, and intelligent search capabilities, aimed at enhancing the efficiency and effectiveness of its clients' online operations. As of April 2019, Second Phase operates as a subsidiary of Billtrust, Inc., reinforcing its commitment to delivering cost-effective solutions that meet the evolving needs of the wholesale distribution industry.
Credit2B
Acquisition in 2018
Credit2B LLC operates a cloud-based platform that provides business credit information, enabling users to assess the creditworthiness and payment behaviors of their customers. The platform utilizes crowdsourcing and integrates data from credit bureaus, enhancing the credit decision-making process for suppliers. In addition to delivering financial risk information, Credit2B creates a network for trade credit professionals and offers a range of managed services, including credit management, collections, deduction resolution, and accounts receivable management. The company also provides consulting services and educational resources such as webinars and newsletters. Based in South Plainfield, New Jersey, Credit2B serves credit professionals, financial institutions, and Fortune 500 companies across the United States.
C-TABS
Acquisition in 2016
C-TABS, Inc. offers digital document conversion and data management services, focusing on customized electronic solutions for various industries, including distribution, manufacturing, education, healthcare, and insurance. Founded in 2008 and based in Fountain Valley, California, the company provides a range of services such as electronic invoice presentment and payment, automated accounts payable workflows, document imaging, and print mail services. C-TABS aims to address operational challenges by enhancing workflow efficiency, reducing paper waste, and lowering costs for businesses. As of 2016, C-TABS has been operating as a subsidiary of Billtrust.
Open Scan Technologies
Acquisition in 2014
Open Scan Technologies, a division of Billtrust, specializes in developing enterprise receivables process management software designed for corporations, financial institutions, and government agencies. The software streamlines the entire receivables process, encompassing image and data capture, remittance processing, receivables matching, deduction and dispute resolution, and cash application. By facilitating the management of both electronic and paper payment and remittance documents, Open Scan enables organizations to achieve high levels of automation, enhance data accuracy, and realize significant operational savings in their receivables processing activities.
Best Practice Systems
Acquisition in 2013
Best Practice Systems, founded in 2001, specializes in payment and billing services tailored for small to mid-sized companies. The company offers a range of solutions including electronic invoicing, payment services, voice payment systems, and traditional print and mail services. Additionally, Best Practice Systems provides auditing services, ensuring comprehensive financial management for its clients. Through its diverse offerings, the company aims to streamline billing processes and enhance payment efficiency for businesses.
Mark Altman & Associates (MA&A)
Acquisition in 2012
Mark Altman & Associates, Inc. specializes in providing comprehensive print, mail, and electronic billing solutions across the United States. The company offers a range of services, including variable data printing, which encompasses form design, selective inserting, targeted samples, and print customization. In addition, it provides presort mailing and commingling services, which feature mail tracking, address updates, and daily delivery. The firm serves a diverse clientele, including government agencies, utilities, service providers, financial institutions, and the healthcare and education sectors, improving how these organizations communicate important information to their customers.
Invoice Connection
Acquisition in 2011
Invoice Connection provides automated invoice and statement delivery services. The Company provides e-delivery conversion campaigns, invoices on the web, credit card payment modules, invoice resend module, and reporting tools.
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