LAWRENCEVILLE, N.J., April 16, 2019 /PRNewswire/ -- Billtrust, the leader in B2B order-to-cash solutions, announced today the launch of Billtrust Collections, a solution that transforms the collections process by giving accounts receivable (A/R) teams powerful tools to automate contact management, prioritize accounts strategically, and build stronger customer relationships.
With 90% of American B2B companies reporting late payments by their customers, and an increase in days sales outstanding (DSO) amongst the top 1,000 U.S. companies, collections analysts are more crucial than ever to the overall financial health of their companies.
However, despite similarities that collections professionals share with other critical roles such as sales, including the ways in which they think through their accounts, in general, collections professionals have lacked the tools needed to strategically execute their workflows. Billtrust Collections addresses this problem by providing an elegant, scalable, and adaptable platform that gives analysts a simplified, yet more powerful way to drive revenue assurance for organizations while strengthening customer relationships in the process.
"Billtrust Collections not only simplifies the collections process and furthers Billtrust's mission to streamline the entire order-to-cash lifecycle, but it also elevates the role of the collections professional," said Derek Bluestone, Executive Vice President of Product at Billtrust. "While the main goal of collections is to ensure the business gets paid, by equipping their analysts with Billtrust Collections, organizations can empower them to not only contribute to the financial health of the company, but to its overall customer experience as well."
Billtrust Collections enables companies to upgrade their collections approach by:
Billtrust Collections will make its debut onstage at this year's Billtrust Summit taking place from April 14 to 17, 2019, in New Orleans, Louisiana. This multi-day, customer event is centered around innovations, conversations, and insights, exploring a range of order-to-cash topics.
Billtrust provides cloud-based order-to-cash solutions to thousands of small to large-sized organizations in order to help them streamline processes, get paid faster, and enhance the customer experience. The company is headquartered in Lawrenceville, New Jersey, and has offices in Denver and Chicago.
About Billtrust
Billtrust accelerates cash flow by automating credit decisioning and monitoring, invoice delivery, payment capture, cash application, and collections. Billtrust customers improve operational efficiency across the credit-to-cash spectrum via a flexible and integrated cloud-based solution set. Finance executives and A/R specialists love and recommend Billtrust for the remarkable cost savings, ease-of-use, process efficiency, and improved customer satisfaction rates. For more information, visit www.Billtrust.com.
SOURCE Billtrust