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Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
501-1,000
Company Stage
IPO
Headquarters
Lawrence Township, New Jersey
Founded
2001
Summary: 1. What it does: Billtrust provides cloud-based accounts receivable (AR) automation, offering a suite of software for billing, invoicing, payment processing, and automated cash application to help B2B customers manage their cash flow. 2. How it works: The platform includes configurable web store storefronts for eCommerce, secure payment processing, and automated cash application within a subscription-based software service, enabling automated billing cycles, faster payments, and reconciliation of payments to invoices. 3. How it differs from competitors: It offers end-to-end AR workflow in the cloud with highly configurable eCommerce and payment capabilities tailored to multiple industries, focusing on streamlining the entire AR process from invoicing to cash posting for B2B customers. 4. Goal: To help businesses improve cash flow, reduce operating costs, and increase customer satisfaction by making AR processes more efficient and automated.
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Total Funding
$2.3B
Above
Industry Average
Funded Over
7 Rounds
Remote Work Options
Flexible Work Hours
Unlimited Paid Time Off
Sabbatical Leave
Paid Parental Leave
401(k) Company Match
401(k) Retirement Plan
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Billtrust, a B2B accounts receivable software provider, has launched Agentic Credit Lines, an AI-powered tool that helps finance teams identify payment risks and make faster credit decisions. The capability analyses payment history, utilization patterns and external credit data using Billtrust's network of 13 million buyers and 25 years of payment intelligence. The system monitors over 80 data points in real time and generates risk scores for every buyer, flagging accounts that cross configurable thresholds. It provides prioritised account reviews and audit-ready credit limit recommendations with transparent rationale, enabling teams to address issues before they affect cash flow. Agentic Credit Lines is embedded in Billtrust's Credit Review workflow and maintains human oversight whilst scanning entire portfolios rather than just high-risk customers.
Billtrust, a company developing a platform to automate the invoice-to-cash process, today announced that it agreed to be acquired by EQT, the Sweden-based private equity firm, for $1.7 billion in an all-cash deal. Approved by Billtrust’s board of directors, the transaction is expected to close in Q1 2023 subject to the green light from Billtrust’s shareholders and regulators. Shareholders will receive $9.50 per share in cash upon Billtrust’s transition to a private company, a 64% premium above the September 27 closing price of $5.77. The company’s stock has remained relatively steady in recent years, hitting a high of around $19 a share in February 2021 before bottoming out at $4.51 in June
LAWRENCEVILLE, N.J. & AMSTERDAM--(BUSINESS WIRE)--Billtrust (NASDAQ: BTRS) has acquired Netherlands-based Order2Cash, a leading B2B order-to-cash platform provider, broadening its global presence.
Billtrust (NASDAQ: BTRS) has acquired Netherlands-based Order2Cash, a leading B2B order-to-cash platform provider, broadening its global presence.
Salesforce held a virtual Dreamforce with an array of announcements, overshadowed by the massive acquisition of Slack. It also issued strong results and unveiled Einstein Automate and Hyperforce and provided even more news included below. Acquisitions continued with The Access Group picking up Abintegro. It was also a week when Sage announced two partnerships, Satago and GCPay (See below). Infor also issued a flurry of announcements including the launch of Infor Hospitality in China on AWS.
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Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
501-1,000
Company Stage
IPO
Headquarters
Lawrence Township, New Jersey
Founded
2001
Find jobs on Simplify and start your career today