Billtrust

Billtrust

Accounts receivable automation and payment processing

About Billtrust

Simplify's Rating
Why Billtrust is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

501-1,000

Company Stage

IPO

Total Funding

$302.5M

Headquarters

Lawrence Township, New Jersey

Founded

2001

Overview

Billtrust specializes in automating accounts receivable (AR) processes for businesses. Its cloud-based software solutions help companies manage billing, invoicing, and payment processing more efficiently. The software includes features like configurable web stores for eCommerce, secure payment processing, and automated cash application systems. Billtrust stands out from competitors by focusing on the B2B market and offering a subscription-based model that includes transaction fees and additional services. The main goal of Billtrust is to improve cash flow for businesses, lower operational costs, and enhance customer satisfaction through effective AR management.

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Simplify's Take

What believers are saying

  • Acquisition of Order2Cash expands Billtrust's presence in the European market.
  • Upgraded machine learning capabilities enhance efficiency in B2B cash applications.
  • Digital transformation in B2B payments aligns with Billtrust's cloud-based solutions.

What critics are saying

  • Increased competition from European B2B software providers post-Order2Cash acquisition.
  • Potential regulatory hurdles from EQT acquisition could impact operational strategies.
  • Rapid evolution in machine learning requires continuous investment to maintain competitiveness.

What makes Billtrust unique

  • Billtrust automates the invoice-to-cash process, reducing manual and paper-based tasks.
  • The company integrates with ERP systems and AP software for seamless AR management.
  • Billtrust offers configurable eCommerce web stores and secure payment processing for B2B clients.

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Funding

Total Funding

$302.5M

Above

Industry Average

Funded Over

7 Rounds

Buyout funding comparison data is currently unavailable. We're working to provide this information soon!
Buyout Funding Comparison
Coming Soon

Benefits

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

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

0%
TechCrunch
Sep 28th, 2022
Eqt Acquires Billtrust, A Company Automating The Invoice-To-Cash Process, For $1.7B

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

Business Wire
Feb 15th, 2022
Billtrust Acquires Order2Cash, A European B2B Financial Software Provider

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.

Business Wire
Feb 15th, 2022
Billtrust Acquires Order2Cash, a European B2B Financial Software Provider 

Billtrust (NASDAQ: BTRS) has acquired Netherlands-based Order2Cash, a leading B2B order-to-cash platform provider, broadening its global presence.

Enterprise Times
Dec 7th, 2020
News from week beginning 30th November

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.

Enterprise Times
Nov 30th, 2020
News from week beginning 23rd November

Thanksgiving lessened the news output from vendors and the holiday season is likely to put a further dampener on the news. However, there was still a flurry of interesting announcement and acquisition new. The biggest rumour of all being that Salesforce may acquire Slack.

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