Billtrust Named a Leader in the IDC MarketScape for Accounts Receivable Automation Software for Enterprise
February 09 2021 - 7:00AM
Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and
integrated payments leader, has been named a Leader in the IDC
MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Receivable
Automation Applications for Enterprise 2020-2021 Vendor Assessment
(doc # US46791520 , December 2020). Billtrust has made the report
excerpt available for download.
“We’re pleased to be recognized as a Leader by the IDC
MarketScape, which is emblematic of our organizational commitment
to innovation, digital transformation and world-class customer
outcomes,” said Steve Pinado, Billtrust President. “With an
incredible list of accomplishments in 2020 including upgraded
advanced machine learning and new Business Payments Network
innovations furthering our ability to digitize B2B payments, we are
proud to have delivered an even more complete automation and
integrated payments solution to support our customers through the
pandemic.” “Billtrust should be proud to be named a
Leader in the Accounts Receivable Automation for Enterprise
category,” said Kevin Permenter, Research Manager, Enterprise
Applications at IDC. “Businesses of all sizes have turned their
focus toward the most fundamental aspects of business — cash
management and working capital. As a result, accounts receivable
software, especially SaaS software, has been highlighted as a place
to get a quick return from digital transformation, automation and
integrated B2B payments.”
The IDC MarketScape evaluates a broad set of SaaS and
cloud-enabled accounts receivable automation software vendors based
on innovation, functionality, range of services, customer
satisfaction, cloud capabilities and architecture.
In addition to the IDC MarketScape designation, Billtrust
recently won IDC’s SaaS Award for Accounts Receivable Award
Customer Satisfaction, placing in the highest scoring group of
vendors serving the SaaS Accounts Receivable application market.
Billtrust met or exceeded accounts receivable vendor average
ratings in 18 key categories related to product usage,
implementation and vendor capabilities.
About Billtrust Billtrust (NASDAQ: BTRS) is a
leading provider of cloud-based software and integrated payment
processing solutions that simplify and automate B2B commerce.
Accounts receivable is broken and relies on conventional processes
that are outdated, inefficient, manual and largely paper based.
Billtrust is at the forefront of the digital transformation of AR,
providing mission-critical solutions that span credit decisioning
and monitoring, online ordering, invoice delivery, payments and
remittance capture, invoicing, cash application and collections.
For more information, visit Billtrust.com.
About IDC MarketScapeIDC MarketScape vendor
assessment model is designed to provide an overview of the
competitive fitness of ICT (information and communications
technology) suppliers in a given market. The research methodology
utilizes a rigorous scoring methodology based on both qualitative
and quantitative criteria that results in a single graphical
illustration of each vendor’s position within a given market. IDC
MarketScape provides a clear framework in which the product and
service offerings, capabilities and strategies, and current and
future market success factors of IT and telecommunications vendors
can be meaningfully compared. The framework also provides
technology buyers with a 360-degree assessment of the strengths and
weaknesses of current and prospective vendors.
Forward-Looking StatementsThis press release
includes certain statements that are not historical facts but are
forward-looking statements for purposes of the safe harbor
provisions under the United States Private Securities Litigation
Reform Act of 1995. These forward-looking statements are not
intended to serve as, and must not be relied on by any investor as,
a guarantee, an assurance, a prediction or a definitive statement
of fact or probability. Actual events and circumstances are
difficult or impossible to predict and will differ from
assumptions. Many actual events and circumstances are beyond the
control of the Company. These forward looking statements are
subject to a number of risks and uncertainties, including those
factors discussed in the Company’s filings with the SEC, including
those under the header “Risk Factors” in the Registration Statement
on Form S-4 filed with the SEC by South Mountain Merger Corp. on
October 26, 2020, as amended. If the risks materialize or
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that the Company presently does not know or
that they currently believe are immaterial that could also cause
actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect the Company’s expectations, plans or forecasts of future
events and views as of the date of this press release. The Company
anticipates that subsequent events and developments will cause its
assessments to change. However, while the Company may elect to
update these forward-looking statements at some point in the
future, the Company specifically disclaims any obligation to do so.
These forward-looking statements should not be relied upon as
representing the Company’s assessments as of any date subsequent to
the date of this press release. Accordingly, undue reliance should
not be placed upon the forward-looking statements.
Contact:
Paul Accardo
Senior Marketing Communications Manager
paccardo@billtrust.com
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