Billtrust Announces Coupa as a Referral Partner and Business Payments Network (BPN) Provider
February 23 2022 - 8:00AM
Business Wire
Business Spend Management Software Provider
Chooses BPN for Streamlined B2B Payments
Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation
and integrated payments leader, announced today that Coupa Software
(NASDAQ: COUP), a leader in business spend management, has joined
Billtrust’s Business Payments Network (BPN) as a provider and the
Billtrust Partner Program where Coupa can refer businesses to
Billtrust’s complete order-to-cash solution. With BPN, Coupa will
enable customers to accelerate and automate electronic payments to
Billtrust’s network of suppliers, distributors and vendors while
scaling virtual credit card adoption.
“We’re proud to partner with Billtrust, a leader in helping
companies transition from cumbersome paper invoicing and check
acceptance, to efficient electronic billing and payments,” said
Roger Goulart, executive vice president of Business Development and
Alliances at Coupa. “BPN gives Coupa customers access to thousands
of additional suppliers, enabling them to streamline both supplier
and buyer payments. We’re proud to be able to maximize our clients’
growth potential by helping them drive more electronic spend
including virtual credit cards.”
Coupa joins BPN following Billtrust surpassing $1 billion in
supplier invoices delivered to accounts payable (AP) portals in
2021, its largest single-year total and a 58% increase over 2020.
The dramatic rise can be attributed to increased BPN adoption,
which began enabling invoice presentment to AP portals in addition
to its existing payment and remittance acceptance capabilities.
“With digitization being a critical component of a
forward-looking payments strategy, we are excited to welcome Coupa
as both a BPN provider and referral partner,” said Flint Lane, CEO,
Billtrust. “Not only does Billtrust gain a powerful partner and a
leading business spend management provider, but Coupa is now able
to offer their customers a distinct advantage in the marketplace by
maximizing supplier electronic payments through BPN.”
About Billtrust
Billtrust (NASDAQ: BTRS) 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on conventional processes that are outdated, inefficient, manual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 Coupa Software
Coupa is the cloud-based Business Spend Management (BSM)
platform that unifies processes across supply chain, procurement,
and finance functions. Coupa empowers organizations around the
world to maximize value and operationalize purpose through their
business spend. To learn more about Coupa, visit www.coupa.com or
follow us on LinkedIn or Twitter.
Forward-Looking Statements
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 Coupa Software 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 in the “Risk Factors” and “Management’s Discussion
and Analysis of Financial Condition and Results of Operations”
sections of the Company’s most recently filed periodic reports on
Form 10-K and Form 10-Q and subsequent filings. 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 Coupa
Software’s ability to realize the anticipated benefits and
synergies of the partnership. There may be additional risks 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220223005184/en/
Investor Contact John T. Williams IR@billtrust.com
Media Contact Paul Accardo PR@billtrust.com
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