Summary
BTRS Holdings Inc. provides cloud-based software and integrated payment processing solutions that automates business-to-business (B2B) commerce worldwide. The company operates in two segments, Print, and Software and Payments. The company offers solutions that span credit decisioning and monitoring, online ordering, invoicing, cash application, and collections. Its products include credit Application, a B2B credit application module, which provides a digital process that delivers credit-related information in real-time to streamline prospect evaluation and new customer onboarding during initial sales activity; Credit Management, a credit management module, which provides ongoing risk assessment for its customers' customers; order/E-commerce module that offers B2B wholesale distributors with e-commerce capabilities; and invoicing module, which enables its customers to optimize invoice delivery across various distribution channels. The company's products also comprise integrated B2B payments, an integrated payment capabilities that enable customers to facilitate payments at every possible touchpoint across solution set; cash application module, which enables revenue reconciliation through line item reconciliation within accounting and ERP systems; collections module that enables customers to shift from a reactive recovery-centric model to a strategic customer touchpoint-centric operation, preventing payment delays, and driving positive customer experiences; and business payments network, which makes accepting electronic payments through connecting suppliers and their underlying systems, AP portals, payment card issuers, banks, and payment processors. It serves customers across various industry verticals comprising technology, healthcare, industrial, wholesale distribution, consumer packaged goods, and others. The company was incorporated in 2001 and is headquartered in Lawrenceville, New Jersey. As of December 16, 2022, BTRS Holdings Inc. was taken private.
History
The company was founded in 2001 by Flint Lane and backed by top investors such as Bain Capital, FTV Capital and JMI Equity. Billtrust has become an industry leader in electronic invoice delivery, invoice payment automation, and payment cycle optimization.
Mission
To be the leader in the billing and payments industry.
Vision
Our vision is to develop innovative solutions that make payments payments faster, easier and more secure for businesses.
Key Team
Mr. Joseph Eng (Chief Information Officer)
Ms. Jeanne O'Connor (Chief Talent Officer)
Mr. Farai Alleyne (Sr. VP of Technology Operations)
Mr. John Thomas Williams Jr. (SVP & Head of Investor Relations)
Ms. Jennifer Showers (Sr. VP & Chief Compliance Officer)
Ms. Aimie M. Killeen (Chief Legal Officer & Sec.)
Mr. John Johnson (Chief Sales Officer)
Recognition and Awards
Billtrust won 3 awards in 2018 and 3 awards in 2017. In 2018, Billtrust won for Best Company Culture 2018, Best Company Compensation and Best CEOs for Women. In 2017, Billtrust won for Best CEO, Best Companies in New York and Best Company Outlook. Based on 811 ratings and 52 participants, employees at Billtrust are very satisfied with their work experience. The overall culture score, 83/100 or A+, incorporates employee ratings based on their feedback on the Professional Development, Perks And Benefits, Outlook and more.
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