Billtrust Partners with Procede Software to Speed Payments and Improve Cash Flow for Heavy-Duty Truck and Commercial Vehicle Customers
March 09 2022 - 8:00AM
Business Wire
Dealerships to Benefit from Accounts Receivable
Automation through Electronic Invoicing and Digital Payments
Acceptance
Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation
and integrated payments leader, announced today it has joined with
Procede Software, a heavy-duty truck and commercial vehicle dealer
management system (DMS) and solutions provider, to help their
customers get paid faster, grow revenue and increase profitability.
Billtrust’s leading cloud-based accounts receivable (AR) software
will integrate with Procede’s dealer management software, Excede®
and offer customers a complete solution for automated, electronic
invoicing and digital payments, as well as access to Billtrust’s
Business Payments Network, which maximizes supplier electronic
payments.
With a strong client roster of heavy equipment dealers, Procede
Software chose Billtrust to help its heavy duty commercial vehicle
customers maximize their ability to invoice electronically and get
paid digitally, increasing efficiency.
“Procede Software continues to build our Certified Partner
ecosystem with industry-proven solutions that bring our customers
real value,” said Larry Kettler, CEO, Procede Software. “Partnering
with Billtrust provides our customers state-of-the-art accounts
receivable management paired with expertise in electronic invoicing
and integrated digital payment optimization.”
“We’re proud and excited to help Procede Software’s customers
automate their accounts receivable operations,” said Steve Pinado,
Billtrust President. “With modernized AR practices, Procede’s
customers will benefit from automatically delivering invoices,
enabling them to avoid the labor and expense of manually keying
invoice data while embracing digital B2B payments, giving them the
ability to accept payments through their preferred channels.”
About Billtrust
Billtrust 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conventional processes that are outdated, inefficient, manual and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.
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 Procede Software as a result of the relationship.
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 Procede Software’s ability to realize the
anticipated benefits and synergies of the relationship. 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/20220309005145/en/
Investor Contact John T. Williams IR@billtrust.com Media Contact
Paul Accardo PR@billtrust.com
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