Billtrust Summit 2021 Award Winners Announced
June 02 2021 - 7:00AM
Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and
integrated payments leader, announced that KONE Inc., Gregory Poole
Equipment and Global Industrial were recognized as Billtrust
Rockstars of the Year, and Commerce Bank as Partner of the Year,
during the Billtrust Summit Awards Ceremony held May 20, 2021.
ASICS, Design Air, Papé and H&E Equipment Service were also
honored. Billtrust Summit 2021 is the AR and integrated payments
industry’s largest conference.
The Billtrust Rockstar of the Year Award recognizes Billtrust
clients as leaders that have made significant achievements in
digitally transforming their accounts receivable and order-to-cash
processes. The inaugural Partner of the Year designation is awarded
to the company that generates significant business impact and
measurable results for both themselves and their customers.
“Billtrust exists to serve its customers and its expanding
partner network, which is key to driving our growth,” said Steve
Pinado, Billtrust President. “We are extremely proud and honored to
recognize these customers who are rapidly advancing their accounts
receivable and digital transformation journeys.”
KONE Inc., a Billtrust Rockstar of the Year recipient and a
global leader in the elevator and escalator industry, automated
with Billtrust’s Invoicing and Payments solutions, enabling them to
send more invoices electronically into accounts payable portals
while positioning them to accept digital payments through their
preferred channels.
Gregory Poole Equipment Company, a Billtrust Rockstar of the
Year recipient and major dealer of Cat® construction equipment and
Hyster and Yale lift trucks, achieved significant cost savings over
a three-year period by incorporating Billtrust’s Cash Application
and Payments solutions. The savings was achieved by eliminating
bank keying fees, reallocating labor, reducing DSO and achieving
lower credit card fees.
Billtrust Rockstar of the Year recipient Global Industrial, a
leading North American distributor of industrial equipment and
supplies, achieved considerable cost savings with Billtrust’s Cash
Application, lowering their annual bank lockbox keying costs. In
addition, by optimizing payments, they reduced their Effective
Interchange Rate through Level 3 optimization. They were also able
to successfully reallocate FTE hours that were involved in managing
manual cash application and virtual card processing efforts.
Commerce Bank, Billtrust’s inaugural Partner of the Year,
demonstrated mastery by establishing new relationships quickly and
efficiently while embracing the joint-value proposition and
identifying a strong go-to-market strategy. Commerce Bank’s issuing
and acquiring teams had outstanding results as a Business Payments
Network (BPN) Reseller, enabling both buyers and suppliers to
streamline B2B payments.
Other Billtrust Award recipients include:
- Customer Experience Improvement Award – H&E Equipment
Services
- Digital Invoicing & Payments Award – ASICS
- eCommerce Optimization Award – Design Air
- Optimizing Credit & Collections Award – Papé
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.
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, Billtrust, PAccardo@Billtrust.com
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