New Integrations, Collaborations, Trailblazing
Achievements in Generative AI Highlight the Year to Date
HAMILTON
TOWNSHIP, N.J., Aug. 1, 2024
/PRNewswire/ -- Billtrust, a B2B order-to-cash and digital
payments market leader, announces a momentous first half of 2024,
marked by groundbreaking achievements and industry accolades that
underscore the company's commitment to excellence and innovation in
reducing friction in accounts receivable.
- Billtrust introduced new generative AI functionality, enabling
finance professionals to make strategic decisions and engage
customers more effectively.
-
- Billtrust Finance Co-Pilot offers unparalleled, deep analysis
of a customer's data, allowing users to input queries in plain
language and obtain instant insights and recommendations.
- Complementing Finance Co-Pilot are two new analytics modules,
Payments Analytics and Cash Application Analytics, which are
user-friendly, self-service reporting dashboards within the
Billtrust platform.
- Used together, finance professionals can obtain information to
speed decision making while getting a holistic view of their
business in real time, leading to faster payments, improved cash
flow and working capital, and more satisfied customers.
- Billtrust 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.
- Billtrust partnered with U.S. Bank to create U.S. Bank Advanced
Receivables, 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.
- BPN achieved a 90%+ straight-through processing rate in its
processing of virtual card payments.
- Billtrust 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.
- Billtrust 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™ for
Customer-to-Cash (C2C) Receivables Creation Software.
- Billtrust was named a Leader in the G2 Grid® Report
for Accounts Receivable Automation Software for Spring 2024. This
is the twelfth consecutive quarter in which Billtrust has been
recognized as a Leader by G2, one of the world's largest and most
trusted software marketplaces. Billtrust is rated as a Leader in
both the Best Accounts Receivable Automation Software for
Enterprise Businesses and Best Accounts Receivable Automation
Software for Medium-Sized Businesses categories.
- Billtrust was named the 2024 overall technology leader in the
SPARK Matrix™: Accounts Receivable Applications. As one of 21
vendors evaluated, Billtrust received the highest overall
rating.
- Billtrust released a new report uncovering perspectives from
U.S. CFOs on the adoption and impact of this disruptive technology.
Billtrust's "Generative AI & The Office of the CFO" report
surveyed 375 CFOs across the U.S., offering valuable insights into
how financial leaders are leveraging generative AI to drive
efficiencies, enhance decision-making and fuel growth within their
organizations. The report received coverage in top tier
publications such as Fortune and Forbes.
"Billtrust continues to innovate at the forefront of the B2B
digital payments space, and our first-half 2024 achievements
reflect the trust and confidence the industry places in our
solutions," said Sunil Rajasekar,
Billtrust CEO. "We are proud to empower finance and accounts
receivable professionals across the globe with technology that
drives efficiency, improves cash flow and fuels growth."
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