Billtrust Enhances its Robust B2B Payments Solution
As the global pandemic continues, maintaining and accelerating cash flow by making it easy for customers to pay is crucial to every business. Designed to complement their comprehensive order-to-cash suite, Billtrust, the leader in B2B order-to-cash solutions, has enhanced its robust Payments platform with powerful tools which revolutionize email billing, rapidly enable expanded digital payment acceptance, accelerate cash flow and aid remote workforces to capture payments at every step of the order-to-cash journey.
Businesses know that their invoices don’t always remain atop a buyer’s mind when a payment due date nears. Billtrust’s Pay on Email solution revolutionizes email billing, allowing suppliers to securely request electronic payment on specific invoices without requiring buyers to register for a portal and maintain credentials. This new, mobile-optimized feature solves reconciliation headaches by ensuring that remittance is automatically associated with payments, even for lump sum transactions. Pay on Email also captures 100% of remittance necessary for payment postings back to any ERP. Overall, Billtrust customers using electronic payments see cash application match rates of up to 98%.
“Billtrust emails nearly $250 billion in invoices each year, and although emailing invoices is a great strategy to reduce costs and deliver bills quickly, it’s often a one-way transaction with the payments on those same emailed invoices coming back via paper check,” said Billtrust Founder & CEO Flint Lane. “Pay on Email includes a convenient smart payment link inside of each email so that customers can easily schedule a payment that is returned with full remittance detail, creating a 360-degree digital payments experience.”