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.
Company Size
501-1,000
Company Stage
Acquired
Total Funding
$561M
Headquarters
Lawrence Township, New Jersey
Founded
2001
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