Billtrust

Billtrust is a cloud-based provider of accounts receivable and integrated payment processing solutions that digitally transform B2B payments and order-to-cash processes. The platform covers credit decisioning and monitoring, online ordering, invoicing, cash application, and collections, enabling faster payment cycles and improved cash flow. Its solutions integrate with ERP systems, financial institutions, and accounts payable software, helping customers move from paper invoicing and checks to electronic billing and payments. By accelerating revenue recognition and reducing manual and paper-based tasks, Billtrust aims to deliver cost savings and a better user experience for businesses managing B2B commerce.
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Steven Pinado

President

9 past transactions

Order2Cash

Acquisition in 2022
Order2Cash is a company that specializes in the management of cash processes through its comprehensive platform designed for the entire order-to-cash cycle. It integrates various essential functions, such as secure document management, electronic invoicing, online payments, and credit management, into a single solution. This integration enables businesses to streamline their processes efficiently, enhancing workforce productivity. Order2Cash supports an open network that facilitates the exchange of invoices, payments, and remittance data between buyers and suppliers, connecting to more than 70 B2B and B2G e-invoicing networks. Its capabilities allow it to deliver compliant and secure e-invoicing solutions across various markets, serving over 170 leading accounts payable portals.

iController

Acquisition in 2021
iController is a software company specializing in credit management solutions aimed at enhancing the efficiency of accounts receivable processes. Its cloud-based web application enables credit controllers to manage unpaid invoices effectively, automating follow-up actions and facilitating faster invoice collection. The platform provides comprehensive tools for tracking payment history and identifying reasons for non-payment, thereby giving financial directors a clear overview of cash flow management. Additionally, iController offers training services to ensure users maximize the benefits of its software, empowering organizations to improve their financial operations.

Second Phase

Acquisition in 2019
Second Phase, founded in 2001 and based in Boulder, Colorado, specializes in developing tailored e-commerce and product information management (PIM) solutions for the wholesale distribution and manufacturing sectors. The company focuses on providing both business-to-business and business-to-consumer web commerce solutions, along with custom product content and intelligent search capabilities. Its offerings are designed to be cost-effective and meet the specific needs of wholesale distributors and manufacturers. As of April 2019, Second Phase operates as a subsidiary of Billtrust, Inc.

Credit2B

Acquisition in 2018
Credit2B LLC is a provider of a cloud-based platform that offers business credit information to enhance the credit decision-making process for suppliers. Acquired by Billtrust, Inc. in 2018, Credit2B utilizes crowdsourcing and advanced technologies to deliver current payment behaviors and financial risk assessments for customers. The platform integrates credit bureau data with comprehensive trade and financial analysis, enabling users to evaluate creditworthiness and payment patterns effectively. In addition to its core services, Credit2B offers trade references and managed services in credit management, collections, and accounts receivable processes, alongside consulting services in related areas. The company also provides educational resources such as webinars, white papers, and newsletters, catering to credit professionals, financial institutions, and Fortune 500 companies across the United States. Based in South Plainfield, New Jersey, Credit2B plays a crucial role in streamlining credit management for its clients.

C-TABS

Acquisition in 2016
C-TABS, Inc., established in 2008 and headquartered in Fountain Valley, California, specializes in digital document conversion and data management services. The company offers a suite of services including electronic invoice presentment and payment, secure email delivery, print mail services, automated accounts payable processing, and document imaging and conversion. C-TABS caters to industries such as distribution and manufacturing, education, healthcare, and insurance, aiming to enhance operational efficiency, reduce paper waste, and lower costs for its clients. As of February 2016, the company operates 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 tailored for corporations, financial institutions, and government agencies. The company's software encompasses the entire receivables process, including image and data capture, remittance processing, receivables matching, deduction and dispute resolution, and cash application. Open Scan's solutions enable organizations to handle both electronic and paper payment and remittance documents efficiently, enhancing automation, data accuracy, and operational savings within their receivables processing environments.

Best Practice Systems

Acquisition in 2013
Best Practice Systems, founded in 2001, specializes in providing payment and billing solutions for small to mid-sized companies. The company offers a comprehensive range of services that includes electronic invoicing, payment processing, and voice payment systems. Additionally, it provides traditional print and mail invoicing services, ensuring that businesses have flexible options for managing their billing needs. Best Practice Systems focuses on enhancing the efficiency and reliability of payment transactions for its clients.

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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